It Companies

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It Companies - Total results - 63
Expand list of essentials to include laptops, routers to facilitate work from home: Nasscom to govt
Business

Expand list of essentials to include laptops, routers to facilitate work from home: Nasscom to govt

Industry body Nasscom has urged the government to expand the list of essential items to include products like laptops and routers to facilitate work from home amid the lockdown

IT companies may shed 30,000-40,000 mid-level staff this year as growth slows down: Mohandas Pai
Business

IT companies may shed 30,000-40,000 mid-level staff this year as growth slows down: Mohandas Pai

India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said on Monday

IT firms likely to face volatility in banking, financial services space in near term: Kotak report
Business

IT firms likely to face volatility in banking, financial services space in near term: Kotak report

The banking and financial services space for IT firms is expected to be volatile in the near term, and escalation of trade wars in the past weeks combined with Brexit overhang may continue to weaken modest optimism of April 2019, says the latest report by Kotak Institutional Equities

US visa rules to hit IT companies' profits, margins in current fiscal: Crisil report
Business

US visa rules to hit IT companies' profits, margins in current fiscal: Crisil report

Profitability of IT companies is set to be impacted by adverse policies like the one on H1-B visas in the key US market, with margins estimated to narrow by up to 0.80 percent in 2019-20, a report said on Monday

IT companies shares tumble after Cognizant cuts 2019 growth outlook; TCS falls 3.7%
Business

IT companies shares tumble after Cognizant cuts 2019 growth outlook; TCS falls 3.7%

Shares of IT companies tumbled up to 3.7 percent on Friday after Cognizant reported over 15 percent drop in net income for the quarter ended March, and slashed its full-year revenue growth outlook

Wipro Ventures invests in 18 early and mid-stage startups since inception in 2015
Business

Wipro Ventures invests in 18 early and mid-stage startups since inception in 2015

The $100 million Wipro Ventures is the strategic investment arm of Wipro

Digital transformation making growth momentum stronger for Indian IT companies: Expert
Business

Digital transformation making growth momentum stronger for Indian IT companies: Expert

Former President of the industry body NASSCOM noted that many big IT companies in India are reporting a very strong deal pipeline and, so, the growth momentum can be expected to continue

Indian IT services companies expected to grow at 9-12% CAGR during FY18-21 on high competitive intensity: ICRA
Business

Indian IT services companies expected to grow at 9-12% CAGR during FY18-21 on high competitive intensity: ICRA

The credit profile of Indian IT services companies remains stable, underpinned by the ability to sustain free cash flows despite pressure on revenue growth and margins

HCL Technologies to acquire select IBM software products for $1.8 billion in an all-cash deal
Business

HCL Technologies to acquire select IBM software products for $1.8 billion in an all-cash deal

HCL Tech Chief Financial Officer Prateek Aggarwal said that the deal also entails transfer of IBM employees, but did not divulge any numbers.

'Donald Trump adminstration's policies on H-1B visas creating uncertainties among small IT firms in US'
Business

'Donald Trump adminstration's policies on H-1B visas creating uncertainties among small IT firms in US'

The denial rate of H-1B visas is 40-plus percent currently and as a result, many have been forced to leave the US

IT companies' share buybacks hamper their future business investment: Moody's
Business

IT companies' share buybacks hamper their future business investment: Moody's

Moody's said Tata Consultancy Services (TCS) and Infosys, the top two software exporters, can be an exception to it

Implementing Srikrishna Panel recommendations on data privacy will boost Indian IT cos: Mohandas Pai
Business

Implementing Srikrishna Panel recommendations on data privacy will boost Indian IT cos: Mohandas Pai

Mohandas Pai said all three big issues - data ownership and use, data privacy and data residency - have been addressed in the recommendations

Infosys says increased rejection of work visa applications may cause delays, raise project costs for clients
Business

Infosys says increased rejection of work visa applications may cause delays, raise project costs for clients

Infosys has announced that it is setting up four technology and innovation hubs and hiring about 10,000 locals in the US over a two-year period

TCS Q1 earnings beat estimates, posts record profit; expects strong growth in financial services to continue
Business

TCS Q1 earnings beat estimates, posts record profit; expects strong growth in financial services to continue

TCS, the flagship company of Indian conglomerate Tata Group and the only tech firm in the country with a market capitalisation of more than $100 billion

TCS' Q1FY19 results beat estimates; India's largest IT firm logs 23% growth in net profit at Rs 7,340 crore
Business

TCS' Q1FY19 results beat estimates; India's largest IT firm logs 23% growth in net profit at Rs 7,340 crore

TCS, India’s largest software services exporter, also reported a 6.3 percent sequential rise in net profit for the first-quarter

IT companies to boost hiring in April-September period post last year's relaxed pace, says survey
Business

IT companies to boost hiring in April-September period post last year's relaxed pace, says survey

Hiring plans of the Indian IT companies will edge up during the April-September period as labour market outlook is optimistic, says a survey.

IT stocks outperform Sensex in April, signal bullish momentum; TCS shares jump 24%, Infosys rises 5.72%
Business

IT stocks outperform Sensex in April, signal bullish momentum; TCS shares jump 24%, Infosys rises 5.72%

IT stocks outperformed the benchmark index Sensex in April driven by the sharp jump in TCS, and going forward the outlook for the tech sector looks bullish

H-1B visa approvals for seven top Indian IT firms have dropped a whopping 43 percent
Business

H-1B visa approvals for seven top Indian IT firms have dropped a whopping 43 percent

The drop in H-1B visas for Indian-based companies is due to industry trends toward digital services such as cloud computing and artificial intelligence, which require fewer workers, and a choice by companies to rely less on visas and to build up their domestic workforces in the United States.

TCS first Indian company to achieve $100 billion market cap: Twitterati marks milestone with superlatives
Business

TCS first Indian company to achieve $100 billion market cap: Twitterati marks milestone with superlatives

People celebrated the milestone of the IT-bellwether, TCS, by using superatives.

Tighter controls on visas can't be complete showstopper for Indian IT industry, says Nasscom
Business

Tighter controls on visas can't be complete showstopper for Indian IT industry, says Nasscom

Issues like tighter controls on visas may have some bearing on Indian IT sector but will not be a "showstopper" for its overall growth, Nasscom said