Gains were led by index heavyweights Reliance Industries and Infosys.
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
'Young people are digital natives.' 'Hence, their ability to learn coding and to become a full stack engineer is far more.' 'The demand for such people is more as we feel that if we hire people from campuses, we can train them to become what we want.'
IT sector replaces auto sector after a 6-month gap.
Company signs MoU with state for its three-year plan; ties up with Subhash Ghai firm for content creation
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
The third quarter generally has more holidays.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
The UK contributed to nearly $20 billion or 18% of India's $108 billion software exports for 2016.
Licence winners are expected to be announced by the first quarter of 2014.
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
A company with a size exceeding $1 billion finds it really hard to innovate.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
'Wipro's strength has been innovation and that will continue.'
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
We'll see what happens with Brexit. Either way, there will be technology spends because people have to develop and modify new systems.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Attractions range from start-up challenges to non-monetary perks; employee stock options also play a role.
After taking over scam-hit Satyam, Techn Mahindra has made many structural changes in the latter to turn it around.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
This analysis is based on the quarterly earnings for 724 companies.
TCS is confident of achieving a double-digit revenue growth in the current fiscal and will be targeting a similar performance in FY24 as well, a senior executive said on Tuesday. The largest IT services exporter's ability to achieve the number in FY24 will hinge on how the macroeconomic situation, including geopolitical tensions, commodity price pressures, inflation and financial tightening worries, play out, chief operating officer N Ganapathy Subramaniam told PTI. "(For) this year (FY23), probably we are there (double-digit growth).
TCS still ace in the pack
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Murthy no more chairman emeritus; founders do not want to be addressed as promoters.
The analysis is based on the free-float market capitalisation.
Chandrasekaran speaks about sustaining growth and TCS' growing importance in the Tata Group.
Rajesh Gopinathan, who took charge as chief executive of TCS on Tuesday, said he and his newly appointed team will ensure sustenance of the company's growth momentum and continuous evolution of its strategy.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Leading property developers, such as Oberoi Realty, Tata Realty and Infrastructure, and Hiranandani, have turned to redevelopment of existing buildings in the expensive parts of Mumbai as a way of augmenting revenue. Experts estimate that Mumbai's redevelopment projects could be worth Rs 30,000 crore. As such, they are not new. What is new is that the big developers are interested in them. Leading the race is Oberoi Realty, which has set up a separate team for these projects.
The US government should not only look at salary, but also focus on skills while making immigration reforms
The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
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