Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
This was the fifth consecutive quarter when the Indian markets have seen positive flows from FIIs.
In 2010, TCS's brand value was $2.3 billion.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
Slowing growth, stronger rupee and higher local hiring to pull firms down this financial year
'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.'
TCS had earlier this week announced that it too would be hiring less number of freshers.
A 150 basis points fall in realisations too weighed on the top-line.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
The proposed campus will come up on around 125 acres, which the company will acquire from airport authorities, and would house as many as 3,000 employees.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
After taking over scam-hit Satyam, Techn Mahindra has made many structural changes in the latter to turn it around.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
