Among the businesses that need consolidation are retail and defence
TCS, which, plans to earn $1 bn in 3-7 years will explore segments such as cyber security, internet of things, analytics of IoT, and cloud application and infrastructure.
Fund managers say the recent fall is not going to sustain.
TCS said FY15 will be a better year in terms of top line growth and the deal pipeline remains strong
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
About 76,000 H-1B visas were issued to people in computer occupations in 2014.
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
The record in net addition from the top four was in 2016-17, of 59,427 employees.
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.
Colleges are witnessing more offers, with better salary packages. Median salary packages offered have improved over last year.
While TCS will see demand in the US and Europe, its local business is likely to be hit on poor IT spending.
The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
Modest growth projections hits IT sector.
Top corporates have paid more advance tax in second quarter this year.
Underweight on the sector since January amid concerns over growth prospects; no early reversal seen
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
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.
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".
Infosys, in April, had said that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
H-1B visa is a non-immigrant visa, which allows US employers to temporarily employ foreign workers in speciality occupations
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
Tata Consultancy Services (TCS) on Thursday reported an 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30 and said uncertainties in environment had resulted in holdbacks in discretionary spend by customers.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Wipro, HCL in race for Sebi's fraud detection system upgrade,
TCS is likely to hire hire 55,000 employees in FY15 .
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
Some analysts believe underperformance of the TCS stock may continue.
Growth has been slowing year-on-year for the IT sector but investors have continued to bet on it.
'Despite muted growth in financial services, all other businesses have done well.'
IT sector replaces auto sector after a 6-month gap.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
Company signs MoU with state for its three-year plan; ties up with Subhash Ghai firm for content creation
IT firms are training employees of their clients and even aspiring IT professionals, in order to create fresh revenue streams amid shrinking deal sizes in traditional software maintenance, says Ayan Pramanik.
Despite lower growth scenario; companies say reworking strategy
2019, however, will be a bigger test as the firm continues to deal with rising attrition and margin pressure.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
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