Page 4 - It Companies

TCS to expand operations in Arizona; to invest $300 million by 2026

Tata Consultancy Services (TCS) on Wednesday announced plans to expand its operations in Arizona in the US and invest more than USD 300 million (about Rs 2,236 crore) by 2026. The Mumbai-based company will also hire more than 220 employees by 2023, it said in a regulatory filing. "TCS will also continue to expand the reach of its STEM (Science, Technology, Engineering and Mathematics) and Computer Science education programmes in Arizona by increasing teacher training and online content for students over the next two years," it added. TCS' Phoenix Business Centre -- one of 30 TCS facilities in the US -- serves more than 50 customers across Arizona. Currently, it has more than 780 employees in the state, helping clients in banking, manufacturing, healthcare, and utilities, manage their IT operations and harness technologies such as artificial intelligence, machine learning, and enterprise software to achieve their growth and transformation objectives. The new positions will be based

Pandemic hastens transformation, demand soars for digital skills

Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills

Indices' losing run continues amid selling pressure; Bajaj Auto falls 1%

Banking, finance and IT counters accounted for most of the losses, while strong demand for metal stocks cushioned the fall

IT industry to post strong recovery with 11% revenue growth in FY22: Crisil

The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail

VVDN gets approval under PLI Scheme for IT hardware manufacturing

VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...

Strong deal pipeline may boost Q1 show of IT companies: Analysts

Margins will be a concern with salary hikes and attrition taking centre-stage

IT, financial players most ESG compliant; Infosys tops CRISIL rankings

Infosys tops the list, with a score of 79 on 100, while among the financial sector players, Kotak Mahindra Bank has a score of 75

Wipro IT Services to issue $750 mn dollar denominated notes on Jun 23

Wipro IT Services will issue US dollar-denominated notes worth $750 million on June 23

'Time for compassion': Indian tech firms help young workers in Covid trauma

Firms are trying to figure out how to address the mental-health fallout for a generation of employees.

Global tax, local complexities: What G7 corporate tax deal means for India

The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities

Telangana's IT exports grew by 13% despite coronavirus pandemic

The state's IT exports crossed Rs 1.45 trillion during 2020-21.

IT firm Wipro sells entire stake in Denim Group for $22.4 million

IT company Wipro on Wednesday said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).

K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs

IT company K2V2 Technologies expects its newly-launched SME-focused CRM software Kylas to break-even in six months and touch annual revenue rate of Rs 70 crore in the third year of operation.

Capgemini announces Covid-19 vaccination drive for its 125,000 employees

Capgemini said it's working with Aditya Birla, Reliance, Apollo, MGM and Rainbow to facilitate the vaccination drives.

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Valuation of India's top IT companies way above earnings growth trend

Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21

Sify's Q4 net profit jumps over 6-fold to Rs 90 cr due to digital changes

IT company Sify Technologies posted over a six-fold jump in profit at Rs 90.4 crore for the March ended quarter due to rapid digital transformation of business amid COVID-19 pandemic.

IT giant Infosys to hire 1,000 workers in UK over the next 3 years

The firm said this is part of efforts to support the country's economic recovery and growth.

Our deal pipeline at present is the best in last few years: Tech Mahindra

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation