Microsoft on Tuesday said it will offer commercial cloud services from local data centres in India by 2015 as the tech giant gears for competition for the estimated $2 trillion domestic market opportunity from rival firms like Google and IBM.
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
India's fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore (Rs 7.19 billion) for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.
Major IT firms such as Tata Consultancy Services, HCL Technologies, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem, which comprises engine manufacturers, body suppliers, and avionics providers. These firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
India's fourth largest software services provider HCL Technologies on Friday reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore (Rs 18.73 billion) for the first quarter ended September 30 on the back of strong growth in Europe and business services.
The UK contributed to nearly $20 billion or 18% of India's $108 billion software exports for 2016.
Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding
Even though PUBG Corporation is a South Korean company with its headquarters in Seoul, Tencent Gaming, a subsidiary of Chinese investment and technology giant Tencent, holds the global franchise for the mobile version of the game.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
In the past two years, Sikka has brought in new measures by putting project managers to pitch how they cut time, saved costs and improved productivity
TikTok is up against not just government sanction but also a set of feisty home-grown brands that have raised the 'vocal for local' banner to stake claim to the platform's vast small-town reach, point out T E Narasimhan and Sai Ishwar.
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
The US government should not only look at salary, but also focus on skills while making immigration reforms
'The industry growth in 2016< came from the new digital technology segment which grew at over 20%.' 'The challenge for the industry is that the legacy business makes up almost 80% of revenue.' 'Hence the urgency to transform into digital business.'
Under Neemuchwala's digital-first vision, Wipro has accelerated investments in automation, analytics, cloud and cognitive technologies over the past three years, says Ayan Pramanik.
Deal to bolster firm's position in healthcare IT.
Vishal Sikka has little time left to turnaround Infosys.
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