In the wake of the economic crisis, there has been a sharp drop in H-1B work visa applications from major Indian IT companies.
Wipro, Satyam join TCS, Infosys in beating rupee blues.
'We are on a whole different level of complexities and fundamental change is happening in the industry. There is a need for organisations to design themselves to deal with such complexities.'
Tata Consultancy Services (TCS) is likely to maintain its leadership position over the next three years backed by a strong and satisfied client base.
Most Indian IT firms, including TCS, Wipro, Infosys, Mindtree, Infotech and Sasken, which started their operations in the region with a small base, have expanded their base fast.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Infosys, HCL might fare marginally better than TCS.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
Even though North America still accounts for 60 per cent of Infosys's revenue, the company is starting to see good growth in Europe, which contributes around 25 per cent to the company's top line. Even Australia also has emerged to be a strategically important market, with a contribution of 10 per cent to the overall revenues.
They have increased their holdings in Infosys Technologies, TCS and Wipro between two and four per cent, going by the shareholding data for the quarter ended December 31, 2007.
The most optimistic scenario is that when it is all over and the global economy is back on even keel, the Indian leaders will be stronger than they are now by virtue of having cut costs and acquired market share in the interim. India's three big IT firms Infosys, Wipro and TCS -- have added significant new clients and announced multi-year, multi-million dollar deals.
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
Fascinating stories of how 30 famous companies got their names.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
Given the uncertainty on the US economic outlook, the rising rupee, and the lack of clarity on imposition of fringe benefit tax on stock options, analysts believe the companies may strike a note of caution on FY08 earnings.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
As he prepares to step down, Infosys chairman N R Narayana Murthy reflects on the company he built, the future of IT and the effects of globalization.
The proposed comprehensive immigration bill if passed by the Congress and signed into law by the US President would bar companies from hiring people on H-1B visa if 50 per cent of their employees are not Americans.
While for clients it has led to increased outsourcing, they are no more worried about which shore the service providers are executing the project in - offshore, onshore or near-shore - because remote working has become the standard norm in the industry, giving rise to a "no shore" kind of model.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
There are some companies that provide just about everything.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
While Tech Mahindra's Gurnani earned Rs 146 crore in 2017-18, his actual gross salary component was Rs 2.77 crore. Wipro's Neemuchwala, on the other hand, took home Rs 18.23 crore
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
The Indian IT industry is in for a tougher visa regime in its biggest market, the US. Firms such as Infosys, TCS and Wipro that send thousands of techies on short-term business assignments to the US will now have to disclose personal details of these employees and names of the American companies they are assigned to.
Domestic IT giants have begun the new fiscal on a strong note in terms of employee additions and the momentum is only likely to gather steam in the days ahead
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
There, however, has been an improvement in operating margins.
The 12-member team includes seven senior executives of MindTree, including Soota himself, three from Wipro and one from Infosys.
The country's largest software services firm, Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
An investment worth Rs 1,000 in Reliance Industries' initial public offer about 35 years earlier is now worth Rs 778,000, said its chief, Mukesh Ambani, on Thursday.
TCS, Wipro and Infosys dropped by up to 4.47 per cent, dragging down the BSE IT index by 2.96 per cent
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances