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).
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
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.
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.
Move to keep pace with tech landscape; senior employees might be affected
Europe is the second largest market for Indian IT-BPM industry.
Indian companies seem to be trailing behind. They will have to catch up by reskilling the workforce and ramping up investments.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
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.
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.
Mid- and small-cap companies seem to have done better than top-tier companies
Analysts refuse to read too much into the early birds numbers.
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.
Persistent, L&T Technology and TechM named among leading service providers
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.
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.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Sensex closed over 118 points down on Thursday.
The local markets are expected to react to global triggers until the government announces the Union Budget.
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.'
HDFC and HUL are the latest entrants in the club
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Speaking at a fireside chat with Microsoft CEO Satya Nadella, he said the big change driving this transformation was the deepening of mobile networks which were working at a much faster pace than before.
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
A 150 basis points fall in realisations too weighed on the top-line.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances