Page 5 - It Industry

Coronavirus lockdown a blessing in disguise for IT sector, say executives

Companies across the services sectors, including banks, are set to have fewer people work from the offices in the future

Job offers revoked, IIT students find takers in IT and biotech firms

IITs have collectively written to all recruiters asking them to honour their offers

Manufacturers reach out to govt for clarity, tweaks in lockdown norms

The guidelines provided a broad road map for staggered opening up of more industries and factories across the country with stiff restrictions

Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts

Tech firms with niche capabilities are on the radar of IT biggies

HCL does not expect coronavirus outbreak to dent its Q4 numbers much

HCL says its business model is a mix of recurring product revenues, managed services and discretionary spending-led professional services

Indian IT, telecom safe-haven bets amid coronavirus scare: BNP Paribas

Among the Asian economies, the ensuing decline in trade and tourism could impact Thailand, Singapore, Malaysia and Korea the most - in that order, and Indonesia and India the least

Bengaluru highest paying city, IT employees bag highest salaries: Report

Bengaluru had topped the list in 2017 and 2018 Salary Trends report as well

Nasscom opposes US bill S.386, says could have damaging effect

Nasscom Vice-President and Head - Global Trade Development Shivendra Singh said Nasscom strongly supported the removal of the per country caps on green cards as was the original intent of the Bill

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

Tech Mahindra posts Q2 revenue growth of 5.1% at Rs 9,070 cr, PBT down 7.5%

A strong digital growth and new deals, however, helped it clock 5.6 per cent YoY growth in profit after tax (PAT) to Rs 1,124 crore

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters

Ravi Shankar Prasad to talk sector issues with electronic industry CEOs

The meeting comes at a time when India has set its sight on creating a $400 billion (around Rs 28.43 trillion) electronic manufacturing ecosystem by 2025

Slow US economy, challenges in BFSI sector may drag IT firms in FY21

Slower growth in US economy, challenges in financial services sector may result in lower client spend

Manufacturing slowdown may cause downtime in Indian IT industry

In the June quarter of FY20, revenue from this segment grew faster than other key verticals for the top Indian IT players

IT industry on hiring spree, adds record number of employees in Q1

Around 85,000 employees added on net basis, highest in six years

Restrictions hurting our operations in China, IT industry tells Goyal

Despite the Chinese IT services market remaining the third largest globally, investments by the Indian industry have not been able to grow owing to unique challenges faced while setting up shop

IT majors meet Piyush Goyal, flag barriers in accessing in China market

The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro

Now, manpower crunch hits staffing solution providers in the IT industry

According to PeopleStrong's India Skills Report 2019, 60 per cent of recruiters in the sector feel they do not find the quality talent they want to hire

Mid-tier IT, BPO space sees surge in consolidation as firms chase scale

Need to garner scale, attractive valuations giving rise to consolidation in the space