'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
After Infosys, hike in other IT companies also seen in 6-9% range.
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
This year, campuses placed most number of students in the first phase compared to past few years.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
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.
Mid- and small-cap companies seem to have done better than top-tier companies
As the government faces a difficult choice in keeping up with the rest of the world in AI development while making sure it does not add to unemployment, it has set up a task force to draw up a policy for the accelerated deployment of AI
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
Infosys management has guided for a seven per cent growth in FY15.
The market breadth, indicating the overall health of the market turned negative from positive
Slowing growth, stronger rupee and higher local hiring to pull firms down 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 Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
His compensation in FY17 was more than the combined salaries of the entire boards of TCS, Wipro and Infosys. 'I am a self-made man from a very modest background,' Tech Mahindra's CEO C P Gurnani tells Shyamal Majumdar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Tata Consultancy Services scrip ended the day 4.27 per cent higher at Rs 2,214.65 apiece on the BSE.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
HR experts believe however that times are changing and more and more companies are planning a revamp of their appraisal systems
Faced with a spate of senior-level exits, Infosys co-founder N R Narayana Murthy has written to employees to reassure them that the "leadership changes" will be in the "best interest" of the company.
With Infosys reportedly increasing the pay packages of senior executives, including executive vice-presidents and a few vice-presidents, threefold, the Indian information technology (IT) services space might well get a new benchmark.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
Chinese handset maker OnePlus on Tuesday said it expects India to become its biggest market in the next few months.
Facebook enabled users to mark themselves safe in Chennai since Thursday morning
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 NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
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