Global software major Oracle Corporation has completed the acquisition of PeopleSoft development centres, operated by Covansys Corporation and Hexaware Technologies Ltd, which will add over 1,000 professionals to Oracle's applications segment.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
Nifty ends above 8,600; Tata Motors, RIL top leaders
In terms of the number of deals, there has been a decline of 13 per cent
Deepening the funding crisis that startups have been witnessing for some time, the October inflows plunged 75 per cent on-year to $3.3 billion across 75 deals, including six large deals worth $2.2 billion, according to an industry report. Exits touched half of the inflows at $1.6 billion across 15 deals in the reporting months, a significant improvement over the previous month which saw just $653 million worth of exits across 24 deals, but 69 per cent lower on-year basis, according to the numbers collated by EY for the Indian Private Equity & Venture Capital Association, the umbrella body the PEs and VCs. However, the report said, on a month-on-month basis, the inflows continued to grow, clipping at 60 per cent over the September numbers.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Markets shrugged off RBI's neutral stance on key policy rates.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
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.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
The S&P BSE Sensex surged 160 points to close at 25,262.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Most of the large mid-caps share similar business model as the large-caps and have more of less similar set of clients.
The S&P BSE 500 index, which accounts for 94% market capitalisation of BSE listed companies, has gained 45% from its March 24 low. However, out of the BSE 500 index stocks, 225 have underperformed the index by gaining less than the broader index during this period.
Canada and Mexico emerge as preferred destinations to service clients in the US; east Europe and Nordic nations are favoured alternatives
The total value of India's top 100 brands has increased by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021, according to the latest Brand Finance India 100 2021 report. This uplift in brand value over the course of the first year of the pandemic is an impressive feat given the global economic crisis following the implementation of national lockdowns in March 2020, when business activity was brought to a halt, affecting both production and consumption. Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group.
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
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