The recovery now under way is likely to be broad-based, stretching across geographies, businesses and verticals, according to Wipro chairman Azim Premji, who is the industry doyen.
.jpg)
ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
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.
Infosys Technologies and Wipro have made it to the list every year since 2005.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Good investors learn how to think beyond the obvious and to make deeper, less obvious judgments.
The pace of job generation has slowed as IT firms look at automation to do testing
The 15 IT companies that have declared results so far together clocked 8.4 per cent growth in revenue, the slowest since 2001, largely due to a poor show from Wipro, Tech Mahindra and Polaris Software. But Infosys Technologies and TCS excel, with double-digit growth in year-on-year revenue from software exports.
A strident bill concerning US work visas for non-US citizens has been re-introduced before the US Senate. A look at the bill.
However, the Indian market is not in good shape, he said.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Their fears were not unfounded, since the average salary increases of information technology professionals was down to 1.4 per cent for 2009.
TCS, Infy, Wipro among those that have bagged a five-year deal.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
China, India and Brazil showed significant support for additional spending on green products.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
IT firms are training employees of their clients and even aspiring IT professionals, in order to create fresh revenue streams amid shrinking deal sizes in traditional software maintenance, says Ayan Pramanik.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
'It is really troublesome that someone in a position of power is misleading people and presumably, citizens of the country to give up data.' 'That is not a part of informed consent.'
Sensex may remain under pressure this week due to weak global factors.
Partly an answer to downturn, political pressure; trend should shift again, say analysts.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
Even as India reacted strongly against the proposed changes in the US visa regime, trade experts said the country could do little in multilateral forums like the World Trade Organization to appeal against implementation of such measures.
Despite wage hikes, an appreciating rupee, and fewer working days nibbling at their profit margins during the quarter ended December 31, 2007, the five IT majors Tata Consultancy Services (TCS), Infosys Technologies, Wipro, Satyam Computer Services and HCL Technologies posted revenue and net profit figures that were in line with market expectations.
The Sensex opened with a positive gap of 20 points at 5,812 and slipped to a low of 5,801 in early deals. After moving in a narrow range till late noon, the Sensex closed with a gain of 47 points at 5,839.
The markets opened 47 points higher at 7,682.
Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys and Satyam, besides MNCs such as IBM, are working towards becoming carbon neutral while simultaneously converting their expertise in this area to help global companies become environment-friendly.
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
To be able to manage any such uptick, Indian IT services players are hiring more locals, and relying on hybrid work models.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
With prominent Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys Technologies, Zensar Technologies and Satyam Computer Services increasing their presence in Japan, the world's second largest IT services market is becoming a lucrative market for India.
Information technology firms appear to have lost their appeal at the Indian Institutes of Technology. Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances