Page 10 - It Companies

Indian IT services firms stare at revenue loss as core business falters

Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period

Global IT spending projected to reach $3.9 trillion in 2020: Gartner

Global IT spending is expected to cross into four trillion dollar territory next year, the research firm said

Tech Mahindra opens delivery centre in Warangal, to focus on next gen tech

The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao

Birlasoft's CFO Rajeev Gupta tenders resignation, reason not specified

"The company is in the process of appointing a new CFO and the same will be communicated to the stock exchanges in due course," the filing said

FM's tax cuts: Reduction in MAT to benefit IT companies in Gift City

They were to pay 18.5 per cent MAT so far, but will now have to pay 15 per cent MAT

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Large Indian information technology firms may steal a march over global peers to clinch deals

FITE to look at legal options if talks with IT companies fail

The conciliation process is expected to be completed in two weeks, with a couple of hearings scheduled. If the talks fail, the Forum will move legally, said Vinod AJ, general secretary of FITE

Data protection Bill arms Centre with exemption powers; tech firms worried

It may possibly be referred to a joint select committee subsequently

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty

India to convince US that tapping into Indian talent is in mutual benefit

The minister added that denials rates have not gone up only for Indian companies but for all companies.

23 per cent petitions seeking H1-B visas were denied in 2019: MEA

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise

From Mphasis to Mindtree, mid-sized IT companies focus on fewer verticals

Companies such as Virtusa have good presence in the BFSI segment, NIIT Technologies has steadily built strong capabilities in aviation

Mid-cap IT firms stumble through Q1 over client pressure, H1B visa costs

Barring Mphasis, the performance of most companies has been lacklustre, as client spending took a major setback for these vendors

Mid-sized IT firms disappoint in Sep quarter; L&T Infotech an exception

Barring hi-tech, media and BFS, all other segments demonstrated strong growth for it

Indian IT companies' credit profile to be stable despite pressure: Icra

Growth of Indian IT services companies is impacted by lower demand led by uncertain macroeconomic environment: Icra

Trump's HR 170 Bill, higher visa fees may land Indian IT cos in trouble

Proposed regulations like HR 170 and doubling of visa fees have increased the burden on local technology firms

Infosys tops Rs 10,000-crore exports, becomes IT Ratna of Karnataka

IT Pride awardees included Oracle, Goldman Sachs, SAP Labs, and Intel, among others

India talent lures firms to expand their global in-house centres

Historically, companies in regions such as North America and Europe have been dominating the shared services/GIC space in India

Indian IT firms ramping up their presence in US, stepping up local hiring

Companies hiring more locals to work on future technologies, offer value-added services

Client insourcing hits BFSI revenues of big IT services companies

'Despite the insourcing by banking clients, we have found a balance in North America'