The commercial real estate sector has been booming in the last few years, driven by the high demand from corporates, especially IT and ITeS companies.
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.
While Indian IT majors are still far away from waking up to the looming threat of global warming, Dell is seriously converting to green power. Moreover, several India firms are still to make a serious effort to tackle the e-waste whereas Dell is now powering 100 per cent of its 2.1 million sq ft global headquarters campus, home to more than 10,000 employees, with green power.
Tier-II and tier-III towns have a reason to rejoice.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
According to experts in human resources, even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.
Despite a 15 per cent increase in the number of employees hired, the Indian IT majors have managed to reduce the average growth rate of their wage cost to half during the third quarter ending December 2007 as compared to the previous year.
The IT sector is poised to begin its Diwali celebrations ahead of time with the analysts anticipating an impressive second quarter earnings report card on the back of robust business volume growth and a stronger US dollar.
"Software patents are a killer for the economy in the end". It's natural to be surprised at this statement when most major global and Indian information technology firms -- right from IBM, Microsoft, Sun to Tata Consultancy Services, Infosys and Wipr
Bajaj Auto, BHEL, Infosys, ITC and RIL are among the 12 listed Indian companies which have figured in the latest list of 'Fabulous 50' of prestigious international magazine Forbes Asia.
With top Indian software giants like Tata Consultancy Services, Infosys and Wipro setting up and expanding operations in China, the domestic players have started feeling the heat.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'
Goa, which has failed to draw IT giants as they required huge land requirment, is attracting huge investments from several smaller companies.
The slowdown in the US economy along with domestic factors like service tax on leased and rented premises and imposition of minimum alternate tax may impact revenues and earning growth rates of all major IT companies of India.
Many groups, comprising professionals, both men and women, from companies like Wipro, Infosys, Accenture, AdventNet, Xerago, arrived in Nagapattinam on Friday night.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Indian IT firms have been announcing incremental increase in billing rates for quite some time now to counter wage hikes and rising visa costs, to name a few.
Infosys has topped the AC Nielsen Corporate Reputation Index for the fourth consecutive year.
The NSE Nifty is down 203 points at 3,135. Wipro, TCS and Jaiprakash Associates have crashed around 9% each to Rs 252, Rs 494 and Rs 66, respectively. Tata Motors has tumbled 8.7% to Rs 258. Hindalco, Infosys and Sterlite have plunged around 8% each to Rs 73, Rs 1,225 and Rs 269, respectively.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Investors can only look forward to healthier third and fourth quarter results given the $3 billion and $4billion revenue guidance of Infosys and TCS, respectively.
Shanghai Pudong Software Park of China has started negotiations with three Indian companies -- CMC, Newgen and Nucleus Software -- to have their presence in the park.
It may have got off to a slow start, but if all goes according to plan, Bhubaneswar will soon share a successful realty growth story with its residents.
Here's a look at how many of the visas they and other top Indian outsourcers used...
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
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