Faced with imminent recession in the United States, Indian IT services companies might take this step from April 1, 2008.
The broader NSE Nifty reclaimed the key 10,100-mark and touched a high of 10,155.65, before finally settling at 10,124.35
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
Indian IT firms have started mining smaller clients with more fervour given that the revenue accruring from their top clients has been declining due to the US slowdown and the sub-prime crisis. Consider this. Revenue accruing from the top clients of the five leading IT firms by revenue - Tata Consultancy Services, Infosys Technologies, Wipro Technologies, Satyam Computer Services and HCL Technologies - dropped by anywhere between 0.2 per cent and 4 per cent
A look at the differences in the sector-coverage of the Sensex and the Nifty suggests that the divergences in index movements could increase.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
IT stocks are up on hopes of a recovery, but concerns over weak demand and pricing pressures still exist
"It defies logic, one is not sure whether there is much more to it than is written in the letter and whether the letter contains all the facts," KPMG chief operating officer Richard Rekhy said on the sidelines of a CII function in New Delhi. It is too simplistic at the moment to believe that the kind of thing that has happened in the company is done by Raju alone, he said.
Lockheed Martin is in talks with Infosys Technologies, Wipro, Reliance Industries, the Tata group, Larsen & Toubro and Hindustan Aeronautics to source software services, components and systems.
Major IT companies are battling a constant problem of people joining them using fake CVs. Tell us how you think they should handle the problem.
Tata Consultancy Services topped the list of top 10 best performing IT service providers worldwide rated by Global Services, a specialised publication for IT businesses.
Despite the slowdown and the poll debacle state IT minister is still upbeat about attracting investments in the IT sector.
Analysts say the impact on Indian entities would not be immediate
In fact, firms like NIIT Technologies and EXL Services are already reaping the benefit of the first- mover advantage with over 20 per cent of their revenues coming from non-linear business in the quarter ended September 30. A non-linear business' focus moves away from the tendency to measure growth on the basis of headcount or the concept that the more the number of people working, the more the revenue.
This elite group of business, political, and cultural leaders is helping transform India into a 21st century economic power in Asia and beyond
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Software services industry may have to relook its cost structure to maintain a higher margin.
Indian IT (information technology) firms are not unduly worried about the rupee rising against the dollar, at least for now.
Polarisation and the increase in index weight of a few a stocks have weighed on performance. The worst performers include Nippon India Large Cap and HDFC Top 100 (2.6 per cent).
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Firms are flooded with credit crisis-related litigation jobs from American law companies.
Mid- and small-cap companies seem to have done better than top-tier companies
The Sensex moved higher after opening with a gain of 12 points at 7,888.
The Sensex plunged into the red after opening with a gain of 13 points at 7,693.
The catchwords today are digital, analytics, robotics.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
Signalling a reverse outsourcing trend, many Indian IT firms with their operations spread across the US and Europe are now outsourcing a part of their administrative work in the US to a US-based firm Hanna Global Solutions.
Indian IT firms are learning to cope with the appreciating rupee, according to Pradeep Udhas, global head (sourcing advisory), KPMG.
The race to nail the elusive sun has begun! In what was relatively a virgin market, Indian software companies are now making a beeline to enter the $200 billion Japanese software market.
Tata Consultancy Services is the top IT-ITES employer in India, followed by Infosys Technologies and Wipro Technologies.
From makers of steel to specialty packaging, world-class Indian companies with sophisticated management are acquiring or merging with US companies.
For instance, Tata Consultancy Services recently won a $200 million deal in Mexico, Wipro announced the opening of a development centre in Australia, and Infosys announced the setting up of 'The New Growth Engines' business unit in Latin America.
After a blockbuster first quarter reported by Infosys last week, analysts expect other IT majors like TCS and Satyam to romp home with impressive quarterly figures.
Tata Consultancy Services has retained its position as the number one software services exporter (excluding ITeS and BPO) followed by Infosys and Wipro in the Nasscom's Top 20 software exporter list.
IT sector's trading multiples hit post-Lehman lows, providing good entry points.
India's booming IT and ITeS sector is estimated to have hired 3,80,000 people during the current financial year as demand for technology talent gained further momentum, officials said.
The company has also turned its attention to new markets such as Australia, China, Japan, West Asia, Canada, South America and Latin America.
Assembly elections in three states may delay fresh clearances to the politically sensitive Special Economic Zones, though 41 of them including those promoted by Tata, Infosys and Wipro were up for notification
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
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