10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
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.
This challenge has been made a little more daunting with the addition of two new uncertainties.
The denial rate jumped from 4% to 41% for Tech Mahindra, from 6% to 34% for TCS, from 7% to 53% for Wipro and from just 2% to 45% for Infosys.
At times of slow growth, India has seen number of graduates doubling since 2008 to almost 25 million in 2016
With this, the total strength of TCS's board has increased to 11.
Persistent, L&T Technology and TechM named among leading service providers
The Netherlands has emerged as India's fifth-largest export destination in 2021-22 (FY22), jumping from its 10th position a year ago. Exports to the fifth-largest economy in the European Union (EU) bolted 94 per cent to $12.5 billion in the financial year ended March 31. In FY22, the Netherlands surpassed Hong Kong, Singapore, the UK, Germany, and Nepal to become India's largest export destination in the EU. Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place.
Ex-employee Steven Heldt had sued the company for favouring South Asians and discriminating against American workforce.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
Most of the hirings are, however, in the entry or junior level.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
In our case, the reason for this downward revision of guidance is because there are clients where we have had one time hits because of ramp-downs and things like this, says the Infosys CEO.
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
Ajit Mishra answers reader queries on the stock market.
Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. But most of them see continuing value when it comes to employee training, even though it skims crores (tens of millions) of rupees off their top-lines.
As Covid-19 cases recede, India Inc is once again tweaking work rules. Big tech companies such as TCS, Wipro and Infosys have either begun or are in the process of calling employees back to office in a staggered manner. A survey by Aon, a global professional services firm, has found that 60 per cent of tech firms now expect every second employee to come to office. More than half of the employees working in engineering and manufacturing firms are also being asked to return to work.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
His mandate at Infosys, he says in an interview at the family office in Jayanagar and his first after the stint at Infosys, was to solve the problem of how to measure the individual productivity of a software engineer.
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
There was an uptick in clients' spends in the digital segment.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
The market breadth, indicating the overall health of the market turned negative from positive
CEO probable says the new role as president could not have come at a better time
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
Galloping growth triggered mass hiring and salarys levels soared in its wake.
The catchwords today are digital, analytics, robotics.
Infosys has been in the eye of the storm on alleged violation of H-1B and business visa norms on several occasions in the US
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
Sikka reinforces focus on automation & artificial intelligence
The US government should not only look at salary, but also focus on skills while making immigration reforms
