In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Ratan Tata invested about $299,000 during the first six months of 2016.
These companies are also reinforcing their product line, changing product offerings, focusing on 'recession-proof' sectors like pharma and healthcare, education, telecom and utilities to tide over the dip in volumes.
Indian IT firms are not losing sleep over the recent report of spike in visa denials in the L1 and H1-B visa category, as they have been dealing with high visa denial rates since the last two years.
Johnson becomes the 14th Prime Minister to be appointed by Queen Elizabeth II, the 55th to hold the post of British PM and the third in fairly quick succession since Britain voted to leave the EU in June 2016 - following on from David Cameron and Theresa May.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
'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.'
As the TCS management claimed, growth is becoming broad-based with most of its verticals delivering either flat or positive growth in this quarter.
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
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.
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
One Chinaman is three time more productive than an Indian at the workplace through his life, observes Virender Kapoor.
The broader Nifty ended on top of 9,800 again.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
I think instead of waiting for leaders, each of us can resolve to be a leader in his or her own right, in whatever area we chose to do.
The Sensex opened marginally (six points) higher at 5,657. Weakness in Infosys and Dr.Reddy's in early morning deals pulled down the index to an intra-day low of 5,623.\n\n
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
00 hours. The overall investors' wealth, measured in terms of valuation of all listed stocks, was down by nearly Rs 6 lakh crore in early morning trade, from nearly Rs 111.44 lakh crore at the end of Tuesday's trade.
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
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
The Sensex opened on a flat note at 9,265, but moved up to an intra-day high of 9,309 in early deals.
The Sensex opened with a positive gap of 17 points at 8,913, and touched a high of 8,932 in early deals.
The Sensex opened with a positive gap of 25 points at 8,814, but dropped to a low of 8,769 in late morning deals.
The Sensex opened with a positive gap of 14 points at 7,989, and touched a high of 7,995 in early deals.
The Sensex opened with a positive gap of 29 points at 8,232, and touched a high of 8,317 in early morning deals.
The Sensex opened with a positive gap of 23 points at 8,673, and touched a high of 8,684 in early deals
This elite group of business, political, and cultural leaders is helping transform India into a 21st century economic power in Asia and beyond
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Analysts factor in 200-300-bps impact on sales in FY16
There was an uptick in clients' spends in the digital segment.
The Sensex closed with a loss of four points at 3,889.
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.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances