Infosys has emerged as the fastest growing IT services brand following 52 per cent brand value growth since last year and 80 per cent since 2020 to $12.8 billion, earning it third spot, the brand valuation consultancy said in its latest Global 500 IT Services Ranking report. TCS and Infosys have pushed IBM to fourth spot from second. IBM's brand value now stands at $10.6 billion, a decline of 34 per cent from last year and 50 per cent since 2020.
Shiv Nadar's daughter, Roshni, joins HCL Tech board
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After Infosys, hike in other IT companies also seen in 6-9% range.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
The BSE Mid-Cap index was currently down 1.25%
Top ten billionaires in India.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
The government will undertake a detailed evaluation of applications it has received in response to the mega semiconductor scheme and expects to complete the entire process and sign agreements with companies in next 8-10 months, according to Union Minister for Electronics and IT Ashwini Vaishnaw. Vaishnaw said he is happy with the response that came in within a short period of time, when the ministry invited applications under the Rs 76,000 crore semiconductor programme. The government is confident of seeing one of the big global players in semiconductor industry coming in the next round, Vaishnaw told PTI in an interview. He asserted that many other players too are "seriously evaluating" India's semiconductor programme, and that the ministry is in discussions with several companies.
Markets ended weak tracking the expiry of April derivative contracts.
The local markets are expected to react to global triggers until the government announces the Union Budget.
Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
HCL Infosystems has emerged as the best employer in the information technology industry in India, according to a survey conducted by Dataquest-IDC (International Data Corporation).
Stocks below a certain size in terms of market capitalisation don't attract much institutional interest
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
With the advent of new banks, IT firms will get boostto their businesses.
Persistent, L&T Technology and TechM named among leading service providers
Over the past week, the Sensex and the Nifty continued the bull-run
Tata Consultancy Services (TCS) has been ranked the third most-valued IT services brand globally, after Accenture and IBM, according to a report by Brand Finance. Four Indian IT services companies -- TCS, Infosys, HCL and Wipro -- secured spots in the top-10 global tally.
In the US, the ratio of the CEO to average worker pay ratio was 373:1 in 2014.
Broader market outperformed the frontline indices and also hit their respective all-time highs
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
HDFC and HUL are the latest entrants in the club
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
A 150 basis points fall in realisations too weighed on the top-line.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
Facebook enabled users to mark themselves safe in Chennai since Thursday morning
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
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