Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The third-quarter results of information technology (IT) software leaders indicate that the turnaround in the world's developed economies is a rising tide that is lifting virtually all boats.
TCS, HCL Tech join Infy in reporting improved earnings, are bullish on outlook.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
Tata Consultancy Services (TCS) on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. In 2017 and 2018 too, TCS had undertaken buyback offers of similar sizes.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
Infosys aims to achieve an aspirational goal of $20 billion in topline by 2020.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.
TCS chief executive officer (CEO) N Chandrasekaran earned a total of about Rs 18.68 crore in the 2013-14 fiscal.
Relative to its competitors such as Infosys, Wipro and TCS, Cognizant's spending on sales and marketing is 50% higher, says an expert.
The 30-share Sensex ended lower by 202 points at 21,064 and the 50-share Nifty fell 57 points at 6,262. The Sensex and Nifty touched an intra-day low of 20,016 mark and 6,246 levels, respectively.
At the end of trade on the BSE, RIL's market capitalisation was Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.
The country's second largest employer in the corporate sector has over 300,000 men and women on its roles in 50 countries.
The nine-member jury found in an Oakland, California court on Wednesday that the TCS did not have a "pattern or practice" of intentionally discriminating against non-South Asian workers due to their race or national origin.
According to experts in human resources, even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.
Demand is driven by smaller deals in the US, larger ones in Europe.
Tata Consultancy Services (TCS) has emerged as the biggest wealth creator over the past five years.
Steven Heldt said 95 per cent of Tata's 14,000-person US workforce descend from South Asia.
The exchange cited issues with its telecom service providers that prevented stocks and index quotations from getting updated.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
With revenues of $13.4 billion for FY14, Tata Consultancy Services (TCS) has managed to deliver consistent growth for both the fourth quarter and the full year.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
The benchmark Sensex has vaulted 2.7 times in five years.
Companies are expected to firm up their business plans for the second half of the year.
We have to continue to be agile on execution and regulatory fronts: N Chandrasekaran
Infosys Ltd's refocus on big-ticket contracts since the return of its founder has begun to pay off as India's No. 2 software services exporter crossed $2 billion in quarterly sales for the first time and pushed up its revenue outlook.
Work should not flow; it should get done, said N Chandrasekaran.
Big Indian IT companies, heavily reliant on the US market and eager to diversify, have intensified efforts to crack continental Europe.
While understanding the challenges of the group, the Tata Sons chairman has taken quite a few tough decisions in his first year in office.
Whether it's running a 42- km marathon or a grinding rally drive, these men take exertions in their stride.
Spend on IT in US is expected to increase by 6.1 per cent in 2014.
Consolidated net profit for the three months to June 30, its financial first quarter, rose to 50.58 billion indian rupees ($840.5 million) from 39.87 billion rupees a year ago, the Mumbai-based company said on Thursday.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
The buyback offer saw subscription of approximately 1.47 times the maximum number of equity shares proposed to be bought back
The stock market comes full circle; pharma also gains prominence, courtesy rupee depreciation
>The farmers will go home but the country will not get the agricultural reform it badly needs -- if nothing else, then to prevent a bigger water crisis than already exists, argues T N Ninan.
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