Page 11 - It Sector

Credit Suisse Wealth Management sees mid-teen growth in Nifty earnings

Within the markets segments, they do not forecast a major underperformance by the mid-caps in 2020 given the valuation comfort

Top 10 biz headlines: IT cos contracts' rebid, RIL counters govt, and more

From mall developers to Tata 'legacy hotspots', here are the top business headlines

$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

Infosys fined $800,000 for worker misclassification, tax fraud in US

California initiated legal actions against Infosys after a compliant was filed by whistleblower Jack 'Jay' Palmer, a former Infosys employee

To check attrition, Infosys offers 100% pay hike for 'power programmers'

Firm offering special quarterly skill-based bonus to high performers; attrition rate at present above 20%

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

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

Addressing challenges offer scope for growth in electronics sector: IT Secy

He added that challenges in sectors like agriculture, transportation, energy, logistics and industrial automation also present opportunities for developing solutions.

TCS banking on universal banking platform to clinch large finance deals

TCS has announced several deals this year, led by BaNCS, in Europe, the Asia-Pacific and West Asia

Finance, IT lead in job creation, capital-intensive sectors in cuts: CARE

The report shows that job growth, which had picked up by 2016-17, slumped in the two succeeding years - 2017-18 and 2018-19

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

Why IT giants are cutting jobs at mid, senior levels

Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue

Govt to consider TCS, Infosys offers to set up infotech SEZs on Nov 15

Infosys has sought formal approval for setting up a sector specific SEZ for IT/ITeS at Kancheepuram district in Tamil Nadu

IT companies look to cut jobs at mid, senior levels in coming quarters

As hiring in US rises, with resulting cost pressure, these staffers in India are at risk; advent of digital tech another reason

IT results mixed bag, but hiring remains robust in September quarter

Revival of spending by BFS & retail clients may take some more time

Slowdown blues: Demand worries likely to dim IT firms' growth outlook

Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations

Personalisation, end-to-end digital services may drive IT sector: Analysts

The companies have also invested heavily in digital marketing and improving consumer experience.

The Infosys test

Credibility of the Indian IT sector is at stake

Overall hiring intention of IT employers drops 5 percentage points: Survey

The report further noted that Indian IT companies intend to hire mostly freshers, up to five years experience

Oracle to hire 2,000 workers to expand cloud business to more countries

Jobs will be added in Oracle's software development hubs in Seattle, the San Francisco Bay Area and India

Cognizant confident of growth, will hire more in India: CEO Brian Humphries

Humphries, who took over the reins of the company earlier this year, said he has spent the past few months in marathon meetings with clients and employees