It Sector

Showing of 1 - 20 from 143 results
It Sector - Total results - 143
HCL Technologies to acquire Australia’s DWS Ltd for Rs 850 crore; shares up by 4.01% on BSE
Business

HCL Technologies to acquire Australia’s DWS Ltd for Rs 850 crore; shares up by 4.01% on BSE

DWS, with FY20 revenue at AUS $167.9 million, has over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra

Sensex drops 260 points, Nifty settles below 9,050-mark at close of trading session; banking, financial stocks drag
Business

Sensex drops 260 points, Nifty settles below 9,050-mark at close of trading session; banking, financial stocks drag

Sensex tumbled 260 points on Friday, dragged by losses in banking and financial stocks as RBI's rate cut and other measures to prop up the economy failed to meet market expectations.

Coronavirus impact: Work from home may become new norm, says Ravi Shankar Prasad at G20 meeting
Business

Coronavirus impact: Work from home may become new norm, says Ravi Shankar Prasad at G20 meeting

While Prasad talked about work from home culture, he also spoke about the need for developing digitally connected and more resilient global supply chains supported by innovations.

Coronavirus Impact: IT services companies to suspend hiring this year, says industry veteran Mohandas Pai
Business

Coronavirus Impact: IT services companies to suspend hiring this year, says industry veteran Mohandas Pai

India's information technology services industry would see hiring freeze this year and senior-level staff taking a 20-25 percent salary cut due to the adverse impact of the COVID-19 pandemic, says IT industry veteran T V Mohandas Pai

Over one million IT employees will continue to work from home post-lockdown: Kris Gopalakrishnan
Business

Over one million IT employees will continue to work from home post-lockdown: Kris Gopalakrishnan

More than one million information technology employees are expected to continue to work from home even after the coronavirus-inflicted lockdown situation returns to normalcy, says IT industry veteran Senapathy (Kris) Gopalakrishnan

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
Business

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday

Prolonged lockdown may result in IT industry job cuts; pose huge challenge for startups, says ex-NASSCOM chief R Chandrashekhar
Business

Prolonged lockdown may result in IT industry job cuts; pose huge challenge for startups, says ex-NASSCOM chief R Chandrashekhar

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates

Prepare for complete lockdown, ensure only mission critical staff comes to work: Nasscom to IT cos
Business

Prepare for complete lockdown, ensure only mission critical staff comes to work: Nasscom to IT cos

Nasscom said it had been working with members across different states for necessary notifications that would help classify IT, ITeS, e-commerce be included in essential services,

Coronavirus outbreak: Travel restrictions impact on domestic tourism may be limited as long as current ban does not prolong
Business

Coronavirus outbreak: Travel restrictions impact on domestic tourism may be limited as long as current ban does not prolong

With the government imposing travel restrictions, and state governments adopting preventive measures to checked the spread of virus, the tourism sector hopes the coronavirus outbreak is contained soon

NASSCOM pegs FY20 revenue growth at 7.7% at $191 bn for IT industry in current fiscal; sector adds 2 lakh jobs
Business

NASSCOM pegs FY20 revenue growth at 7.7% at $191 bn for IT industry in current fiscal; sector adds 2 lakh jobs

The IT industry body had last fiscal discontinued an over two-decade-old practice of forecasting revenue growth, citing the fast-changing dynamics of the industry.

Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram
Business

Budget 2020 LIVE Updates: Budget has vision and action, says Narendra Modi; govt has given up on reviving economy, claims Chidambaram

Budget 2020 LIVE Updates: In a televised address after the budget, Prime Minister Narendra Modi said that the Budget 2020 has vision and action and the new reforms announced by Finance Minister Nirmala Sitharaman will give a push to the economy.

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech
Business

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech

Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped

Govt to consider TCS, Infosys proposals to set up 3 new SEZs in IT sector on 15 November
Business

Govt to consider TCS, Infosys proposals to set up 3 new SEZs in IT sector on 15 November

The government will consider on Friday the proposals of TCS and Infosys to set up special economic zones (SEZ) in IT sector

Wipro may promote 5,000 employees this financial year; move aims at checking attrition, preparing company future-ready
Business

Wipro may promote 5,000 employees this financial year; move aims at checking attrition, preparing company future-ready

Wipro's attrition rate reportedly stood at 17 percent, 60 basis points lower than in the previous quarter, during the quarter ended September.

Lack of skilled talent in cybersecurity is a reality, but jobs can be outsourced to avoid pains of hiring, say experts
Business

Lack of skilled talent in cybersecurity is a reality, but jobs can be outsourced to avoid pains of hiring, say experts

The industry will face a shortage of 230,000 skilled techies as jobs in AI and Big Data are estimated to be 780,000 by 2021

Wipro promises Rs 1 lakh bonus to freshers, junior employees to stem lower level attrition
Business

Wipro promises Rs 1 lakh bonus to freshers, junior employees to stem lower level attrition

Wipro reportedly hired 6,000 freshers in the June quarter, as many as in the whole of the previous fiscal.

H-1B visas: Nasscom says any move to put caps will weaken US companies, put jobs at risk
Business

H-1B visas: Nasscom says any move to put caps will weaken US companies, put jobs at risk

IT industry body Nasscom on Thursday cautioned that any move by the US to limit visas for tech workers, will weaken American companies that depend on these work permits to fill skills gaps and put jobs at risk

IT and software continue to be top job creators in May; customer service moves down to fifth position: Report
Business

IT and software continue to be top job creators in May; customer service moves down to fifth position: Report

The quality and testing sector has entered the top five for the first time since May 2018

Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020
Business

Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020

IT body Nasscom has urged the government to continue the tax incentives to units in special economic zones beyond March 2020, saying that such a move will provide the industry with certainty and enable them to invest in a long-term strategy

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