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GEM fund managers more overweight on India than ever before says Bofa-ML report.
There, however, has been an improvement in operating margins.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
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
Most of the large mid-caps share similar business model as the large-caps and have more of less similar set of clients.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Move to keep pace with tech landscape; senior employees might be affected
Europe is the second largest market for Indian IT-BPM industry.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
Indian companies seem to be trailing behind. They will have to catch up by reskilling the workforce and ramping up investments.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
Banking and telecom will see the highest impact of this transition.
Large and small businesses alike have delivered low-key performances.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
Paid Rs 15,474 cr against CIL's Rs 13,075 cr in FY15
Under Neemuchwala's digital-first vision, Wipro has accelerated investments in automation, analytics, cloud and cognitive technologies over the past three years, says Ayan Pramanik.
Analysts refuse to read too much into the early birds numbers.
Mid- and small-cap companies seem to have done better than top-tier companies
Deal to bolster firm's position in healthcare IT.
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
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
While companies having fewer visa holders in the US seem to be less exposed to rising protectionism, most front-line IT stocks are trading at attractive levels and, to a large extent, factor in near-term headwinds.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
Persistent, L&T Technology and TechM named among leading service providers
To increase focus on hiring people from diverse skillset
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
Sensex closed over 118 points down on Thursday.
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