It Sector

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

KPIT Technologies announces acquisition of UK-based SOMIT Solutions

STRAP: The total value of the acquisition will be around GBP 7.68 million (around Rs 75 crore)

Chennai-based global tech company Zoho Corp invests Rs 20 cr in Genrobotics

Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in sanitation and oil and gas industries

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

IT sector will create one crore jobs by 2025-26: Rajeev Chandrasekhar

Speaking at a press conference here, the minister of state for Electronics and Information Technology said the IT sector has created 10 lakh new jobs in the country this year so far

Will 20% hikes and higher fresher pay be the new norm in IT sector?

Amid the race to hire and retain talents, several IT companies are outdoing each other in doling out attractive packages and bonuses. Will such hikes become the new norms? Find out in this report

ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter

The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21

Weakening rupee a silver lining for recently downgraded IT sector

IT index may be bottoming out at current levels; fall in rupee can help companies offset some of the cost and growth pressures

TCS aims to be world's largest IT company; says large-scale ops not a worry

The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year

13-15% growth guidance strongest for Infosys: MD & CEO Salil Parekh

Infosys Chief Executive Officer and Managing Director Salil Parekh said the guidance of 13-15 per cent is the strongest ever for the company at the start of a financial year (2022-23)

Valuation pressure

Outlook for the IT sector has changed considerably

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

Will the IT sector deliver a stellar show in Q4?

India Inc is all set to start the Q4 earnings season. IT major TCS will kick-start the season with its results later today. Will the sector's performance be marred by the geo-political risks in Q4?

TMS Ep147: Edtech sector, electric two-wheelers, IT sector Q4, KYC

What's stressing India's edtech sector? Moment of reckoning for electric two-wheeler makers? Will the IT sector deliver a stellar show in Q4? What is KYC? Find all answers here

Fundamental drivers for IT sector growth remain intact: HDFC Securities

The IT index is up more than 40 per cent over the past year, supported by earnings upgrade

181 new companies, 10k jobs created in IT sector despite Covid: Kerala CM

The Chief Minister mentioned several ongoing construction activities and new projects coming up in the sector

Coforge's promoter sells 10% stake in IT firm for Rs 2,560 crore

According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh shares, aggregating to 9.85 per cent stake in the company

TCS plans re-structuring; aims to achieve $50 bn revenue by 2030

TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

IT companies click on gender diversity, scout for talent across the board

Already the largest employer of women, these companies are now viewing women as the cutting edge of the talent war