AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
The device is a tablet that can transform into a full-fledged laptop with the blink of an eye.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
IT sector replaces auto sector after a 6-month gap.
Broader market outperformed the frontline indices and also hit their respective all-time highs
Analysts expect the company to post 6.2% sequential growth in rupee revenue.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
SBI comes second and Bharti Airtel is third
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
Wipro said recently it was expecting its revenue growth to drop 2.33 per cent or stay flat between $2,015 and $2065 million.
'The key is to keep the growth sustainable over a period of time.'
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
IT sector's trading multiples hit post-Lehman lows, providing good entry points.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
IT services market in the country grew at a slower pace of 7.4 per cent to Rs 22,826.2 crore ($ 3.76 billion) in the January-June 2014 period, mainly due to political and economic uncertainty amid Lok Sabha polls, research firm IDC said.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Slowing growth, stronger rupee and higher local hiring to pull firms down this financial year
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
It goes without saying that the best performers are in the private sector, says TN Ninan.
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
In the US, the ratio of the CEO to average worker pay ratio was 373:1 in 2014.
The BSE Mid-Cap index was currently down 1.25%
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Markets ended weak tracking the expiry of April derivative contracts.
It's the second time Nasscom has projected single-digit growth in a decade.
Over the past week, the Sensex and the Nifty continued the bull-run
A 150 basis points fall in realisations too weighed on the top-line.
Delays in promised service delivery were earlier settled between client and service provider. More organisations now opt for a legal settlement to save cost and protect investor sentiment, say analysts.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances