Some of the significant deals include private equity firm FMO's 14.48-million-dollar investment in Magma Leasing, Singapore based investment group Orient Global's 26.88-million-dollar investment in domestic brokerage firm India Infoline, ICICI Venture's $44.57-million investment in Centurion Bank of Punjab and French banking group BNP Baribas' 50.14-million-dollar investment in stock broking firm Geojit Financials.
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
In a bid to diversify their risk in the backdrop of a US slowdown and a fallout from the sub-prime crisis, which has affected the BFSI sector, Indian business process outsourcing units have begun training their sights on the domestic market. The deal sizes for the BPO segment have increased to $5-50 million from just a few hundred thousand a year ago.
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
Infosys is likely to report strong revenue growth in the fourth quarter of FY19 on the back of momentum in the big deal space.
IT-BPO firms offer end-to-end mortgage origination services and manage servicing activities.
IT company Hexaware Technologies said on Thursday it has earmarked an investment of about 40 million dollars to acquire firms in the services segment in Europe.
In a top level reshuffle, software services major Wipro on Thursday appointed Soumitro Ghosh as head of Wipro Infotech replacing Senior VP and Business Head of Global Infrastructure Services Anand Sankaran, who quit the company hours before the rejig was announced.
Employers are now looking to hire professionals who can demonstrate their skills rather than reel off a catalogue of undirected theoretical qualifications.
Job portals are perhaps feeling jobless as the economic slowdown is making recruiters defer and limit their hiring plans.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Recent incidents suggest these safeguards perform well in simulated conditions and mock drills, but often fall short when actual threats emerge.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
IT solutions provider 3i Infotech has acquired British asset management solution provider, Rhyme Systems, for £28 million marking its entry into UK's banking and financial services space.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
The Employment Outlook Survey by job portal MyHiringClub.com says that Indian companies are expecting the hiring pace for the upcoming quarter to rebound.
India's largest IT services firm Tata Consultancy Services is eyeing the 'major transformation' in China's banking and financial services sector to tap the market for its services and products.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
They are looking for white-collar jobs, and in industries that are in the forefront of growth.
HR can make better hiring decisions with solutions powered by robotics & machine learning.
TCS plans to build ignio as a standalone company.
Gartner Inc, the research and advisory firm, expects mergers and acquisitions in public sector banks to gain momentum during the next couple of years, as the Indian government is "poised to increase" foreign holding in Indian banks.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
Prices in Bengaluru, the National Capital Region, Hyderabad and Ahmedabad, however, witnessed an uptick during the period.
The record in net addition from the top four was in 2016-17, of 59,427 employees.
Infy to cast wide net in CEO search, may go back to 'alumni'
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
Apart from Infosys, players like Tata Consultancy Services and Mindtree have also pointed towards weakness in the financial services sector and project delays and cancellations that could impact the growth of the USD 110 billion IT services sector in the near term.
Mumbai witnessed the sharpest decrease in new launches, at 43 per cent during 2014, followed by Hyderabad, with a 30 per cent drop.
India was the most targeted country in Asia and second in the world.
More than 61 per cent of women choose non-professional courses.
Even as Microsoft has seen exponential growth for its cloud platform Azure in India, the firm has not yet set up local servers.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Hiring has grown nine per cent this year. And the banking and IT sectors are leading the game.
The banking, financial services and insurance sector was the most targeted by scamsters, says Indeevar Krishna, head, operations and customer service, Max Life Insurance
