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Information technology

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

Thu, Jan 04, 2024

JP Morgan's report on ITSector, expecting recovery in the sector, upgraded some stocks, upgraded Infosys and LTTS to Overweight rating, know complete details in this video

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

Thu, Dec 14, 2023

IT companies boom in 2024! IT budget is going to increase in the new year, growth triggers for IT companies, #ITIndex at 20 month high, change in guidance of IT companies also possible

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Thu, Oct 05, 2023

Global brokerages bullish on T companies. Why did trust in IT companies increase? Top pick in IT of Global Brokerages? See complete details in this video

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China's 4G users reached 770 million by 2016 end

China's 4G users reached 770 million by 2016 end

Sat, Feb 18, 2017

Zhang Feng, spokesperson and chief engineer for the Ministry of Industry and Informational Technology, on Friday said China has made great progress in the research and development of TD-LTE, the nation`s fourth-generation (4G) telecommunications technology, even forming a relatively complete industry chain that includes the 4G system, terminals, chips and metres, the People`s Daily reported.

Disappointed with Infosys' explanation on issues: Balakrishnan

Disappointed with Infosys' explanation on issues: Balakrishnan

Tue, Feb 14, 2017

Infosys former CFO V Balakrishnan on Monday, said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

Pai urges investors to question Infosys' cap allocation policy

Pai urges investors to question Infosys' cap allocation policy

Sun, Feb 12, 2017

"Capital allocation is very important. Institutional investors should raise those questions. They have a duty...Institutional investors should raise questions on governance because it concerns the company's reputation," Pai told PTI in an interview.

LIC's stake in Infosys rises to 7.02%

LIC's stake in Infosys rises to 7.02%

Sat, Feb 11, 2017

The disclosure comes at a time when the company's founders and its board have clashed over the issues of corporate governance, CEO compensation and severance pay of former CFO.

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Tue, Feb 07, 2017

The Central Board of Direct Taxes announced on Tuesday of signing four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.

Tech Mahindra's Q3 net profit up 14%

Tech Mahindra's Q3 net profit up 14%

Mon, Jan 30, 2017

Vineet Nayyar, Vice Chairman of Tech Mahindra said, “The strong deal wins and business momentum during the quarter reaffirm that we are on the right track to capitalize on the opportunities from the global digital transformation and see measurable benefits from that."

Can Tech Mahindra overcome its Q2 decline this Q3?

Can Tech Mahindra overcome its Q2 decline this Q3?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Sun, Jan 22, 2017

New US President Donald Trump's 'Buy American-hire American' rallying cry has put the USD 150- billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourcing and movement of skilled workers.

Will continue my association with TCS: Chandra to employees

Will continue my association with TCS: Chandra to employees

Sat, Jan 14, 2017

"I have enjoyed every one of the 31-plus incredible years I have spent with the company. The successes TCS and I have enjoyed during this period would not have been possible without the amazing support from all of you, my colleagues," said Chandrasekaran.

Attrition rate at Infosys, TCS slows in Q3

Attrition rate at Infosys, TCS slows in Q3

Fri, Jan 13, 2017

The attrition rate at two of India’s top IT firms slowed in the third quarter (Q3) of the financial year (FY17).

IT stocks shrug uncertainties over Trump's H1-B curbs

IT stocks shrug uncertainties over Trump's H1-B curbs

Thu, Jan 12, 2017

A PTI report on Thursday said, “US President-elect Donald Trump's nominee for the post of Attorney General has assured lawmakers of taking steps towards pushing legislative measures to curb misuse of H-1B and L1 work visas significantly used by Indian IT professionals.”

Tata Consultancy Services to announce third quarter results today; here's what to expect

Tata Consultancy Services to announce third quarter results today; here's what to expect

Thu, Jan 12, 2017

Sandip Agarwal and Pranav Kshatriya analysts of Edelweiss Financial Services said, “TCS’ execution capability, client relationships and leadership are impeccable. We believe, few niggling issues like LATAM, Diligenta and Japan, which have taken a toll on the company’s overall growth rate in past few quarters, are probably in the last leg and be largely over by FY18."

Donald Trump nominee for Attorney General promises curbs on H1-B visas

Donald Trump nominee for Attorney General promises curbs on H1-B visas

Thu, Jan 12, 2017

US President-elect Donald Trump's nominee for the post of Attorney General has assured lawmakers of taking steps towards pushing legislative measures to curb misuse of H-1B and L1 work visas significantly used by Indian IT professionals.

India Inc's fourth quarter revenue growth to remain under pressure

India Inc's fourth quarter revenue growth to remain under pressure

Tue, Jan 10, 2017

Prasad Koparkar, Senior Director, CRISIL Research: “Despite a favourable monsoon and lower borrowing costs, we expect key consumption-driven sectors such as automobiles, telecom services and FMCG to record the slowest growth in two years."

US H1-B Bill, if passed, will erode margins of Indian IT companies

US H1-B Bill, if passed, will erode margins of Indian IT companies

Tue, Jan 10, 2017

The ratings agency said, "If implemented will reduce the talent pool qualifying for such visas and in turn result in either increased employee cost for hiring employees with higher qualification or subcontract work, both of which would increase the cost of operations and pressurise margins."

India to suffer damage due to US-China trade war: Assocham

India to suffer damage due to US-China trade war: Assocham

Sun, Jan 08, 2017

India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.

TCS says Cyrus Mistry's removal in best interest of co

TCS says Cyrus Mistry's removal in best interest of co

Mon, Nov 21, 2016

It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."

Future jobs to be driven by digital tech: Kiran Mazumdar-Shaw

Future jobs to be driven by digital tech: Kiran Mazumdar-Shaw

Mon, Oct 31, 2016

Automation and digital technologies will drive jobs of the future even as they cannibalise conventional employment while creating a large number of new opportunities, says biotech entrepreneur Kiran Mazumdar Shaw.

Tech Mahindra's Q2 net falls 18%

Tech Mahindra's Q2 net falls 18%

Thu, Oct 27, 2016

While CP Gurnani, Managing Director & CEO of Tech Mahindra said,"Overall it was a very good quarter for us with the growth well-supported by our key communications and enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world."

India Inc's sales growth slows to 0.1%

India Inc's sales growth slows to 0.1%

Thu, Oct 27, 2016

RBI said, "Expenditure, at the aggregate level, continued to contract, though at a lower rate as compared with the previous quarter. This resulted in a slowdown in operating profit at the aggregate level."

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