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.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
Reliance Retail has tied up with Microsoft to launch the concept of connected homes.
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
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
"India is one of our focus markets, where we have crossed $500 million in (annual) revenue. Our India business has been growing in double digits for the last few years and we expect to continue this, as IT spending in the country is expected to rise further," said N Chandrasekaran, executive director and chief operating officer of the company. India contributed close to 8 per cent to the company's Rs 278.13 billion turnover in fiscal 2008-09.
Street may be ignoring TCS headwinds as the stock's peak valuation doesn't seem justified by BFSI weakness, likely higher US tax rates and stronger rupee, reports Ram Prasad Sahu.
Profitability and cash reserves have halved since the global financial crisis.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Did you know that India is among the top five countries in food processing?
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
First time in 13 years the company has declined payment of dividend.
Commercial vehicles witnessed a fall of 15-17% in November as buyers struggled to meet margin money requirements, reports Swaraj Baggonkar.
'I reached Bhopal the day after the gas tragedy; the smell was still in the air. It was a professional hazard but I was not scared.'
TCS is confident of bringing in industry-leading numbers, despite soft third quarter results
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
"Protectionism is not new. The attention that is given is because there is a political and emotional element to it." TCS COO N G Subramaniam on why his company is optimistic despite global headwinds.
The expansion into smaller towns is coming at a time when the online retail space has not only seen consolidation but is actually looking to collaborate with physical stores. Abhineet Kumar reports.
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
'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.'
Deal to help RCom reduce debt, Sun gain subscribers in new markets
He will be in Mumbai for a day to deliver a keynote address at Future Unleashed.
Airfares in Indian market are unsustainable, says a senior Boeing official.
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
There was an uptick in clients' spends in the digital segment.
Attempts are being made to balance the need for health of the sector, consumer interest while complying with the Supreme Court order on statutory dues.
Maruti, Honda and Tata Motors posted highest sales growth during the month
The lack of a strong diversity policy on the part of companies, a limited pool of women candidates as well as socio-cultural factors contribute to their low numbers.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
'Our network somehow saves 3,000 lives every year, but there's so much more to do, as every death due to shortage of blood is easily avoidable.'
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Videsh Sanchar Nigam Ltd has forged a strategic alliance with Microsoft Corporation India Pvt Ltd for venturing into the web conferencing market.
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances