Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
A 150 basis points fall in realisations too weighed on the top-line.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
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.
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.
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.
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.
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.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
It goes without saying that the best performers are in the private sector, says TN Ninan.
Poor disclosure among India-listed firms is a turnoff for foreign investors.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
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.
The contract, according to the sources, include two different components - one for mainframe and IT infrastructure support and management.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
A McKinsey study on the last slowdown of 2001-2002 showed the companies that emerged successfully from the downturn were those that used their cash, did lots of mergers and acquisitions, and stepped on the accelerator.
Making employers provide creche facilities would be a powerful incentive for women to stay on in the workforce rather than drop out owing to the pressure of child care, says Shuma Raha.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
'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.'
Sensex closed over 118 points down on Thursday.
Stocks of companies having operations and exports to Europe were the top losers.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Tablet market is getting hotter day by day in India and it is propelled by low cost tablets that are flooding market. In October, 19 tablets were launched in the country and all of them were low cost tablet and the cheapest tablet was priced at Rs 3,999.
Spend on IT in US is expected to increase by 6.1 per cent in 2014.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
The recovery was led by information technology exporters.
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