Page 5 - Indian It Firms

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

Top headlines: SoftBank eyes Indian startups, Hindujas top UK rich list

Business Standard brings you top news at this hour

Wipro announces Rs 12,000-crore share buyback at Rs 445 per share

IT services firm initiated a similar programme in 2020 worth Rs 9,500 crore

US analytics firm ThoughtSpot 'acquihires' India's SagasIT Analytics

ThoughtSpot has invested $150 mn in India between 2022 and 2027, set up an 'excellence centre'

Indian IT services firms likely to post muted revenue growth in Q4

FY24 revenue growth may decline by 700-900bps: CRISIL Ratings

How Indian tech cos banded together to help each other during SVB crisis

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

Simpliwork to invest Rs 750 crore to expand flex workspace portfolio

Managed flexible workspace provider Simpliwork Offices is planning to invest Rs 750 crore next fiscal to expand its portfolio and raise up to Rs 2,800 crore in equity and debt for future growth. Founded in 2018, Bengaluru-based Simpliwork Offices currently has an office portfolio of around 4.2 million square feet, roughly 50,000 desks, across major 8 cities. Salarpuria Sattva, one of the leading real estate firms in the country, with a large presence in the office market, has a 50 per cent stake in Simpliwork Offices. Kunal Walia, the founder and CEO of Simpliwork, along with some other investors, holds the remaining stake. In an interview with PTI, Walia noted that the leasing of flexible office space rose during the 2022 calendar year, and demand continues to be strong from large enterprises. The overall leasing of office space crossed 45 million square feet last year, after two years of slowdown due to the COVID pandemic, he highlighted. "Specifically, within that demand, we h

Indian startups should resist pressure to move outside: Mohandas Pai

Industry veteran T V Mohandas Pai has said startups which do almost all their business in India and have all their employees here should resist any pressure from large investors to domicile outside, as the former Infosys director and chairman of Aarin Capital cited key lessons to be drawn from the collapse of Silicon Valley Bank. Pai advised founders of India-centric startups "to be careful" and "not get carried away" by investors who force companies they fund, to domicile in the US and open bank accounts there as well. Pai said Silicon Valley Bank was a startup-friendly bank and its collapse is a "blow" to the startup ecosystem. "Just how big is the blow, is something that we have to watch from startup to startup, and founder to founder," Pai told PTI. He added that the exposure of Indian startup ecosystem to Silicon Valley Bank is not too high. Pai has a word of advice for entrepreneurs and founders -- startups whose businesses are centered around India and have very little to do

Tech Mahindra to invest Rs 700 cr in products, platforms division in 2 yrs

IT services company Tech Mahindra on Friday said it will invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of USD 450 million, company's chief executive and managing director C P Gurnani said. In the next two-three years, we are aiming to take the revenue from products and platforms to USD 1 billion, he told PTI in a virtual interaction in Pune after making the announcement about the new division at 'investor day'. The investment in the new division, to be led by Gurugram-headquartered Comviva's team, will be Rs 500-700 crore over the next two-and-half years, Gurnani said. The Comviva team, which also has presence in Bhubaneswar and Bengaluru, has been tasked with leading the entire products and platforms play,he ...

India IT spending to reach $110.3 bn in 2023 amid global slowdown: Report

The software and IT services segments are projected to grow 9.3 per cent and 5.5 per cent in 2023, respectively

Accenture most valued IT brand, TCS & Infosys value up 2%: Report

Accenture retains top slot for the fifth year straight; Cognizant and Wipro fall in rankings

Big Tech and 'sideloading' debate; IT firms fear security, privacy breaches

Sideloading is a way for app developers to load their applications without going through formal stores such as Google Play for Android phones or the Apple App Store for iPhones

Data hack derails daily life at AIIMS; admin reaches out to govt, IT firms

Staff forced to log manually, as patients grapple with test delays

Indian IT industry to hire 200,000 people in near term: Kris Gopalakrishnan

'Ups and downs' in global economy will not impact Indian industry for long, he says

IT hiring slowdown to hit Info Edge revenues in second half of FY23

Ongoing investments in 99acres amid rising competition may hinder profitability

Indian IT, business services market grew 7.4% in first half of 2022: Study

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Moonlighting: Why service companies are missing the wood for the trees

Both by sacking employees for moonlighting and insisting they turn up to the office daily, employers disregard both productivity and employee morale

HCLTech restructures the top management with a new COO and CHRO

VV Apparao, who has worked as the company's Chief Human Resources Officer (CHRO) since 2017, will now take over as the chief delivery officer for nearshore.

As consulting firms enter tech, problems grow for Indian IT companies

European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end

Pay gap rising between freshers and top management in Indian IT companies

The packages of freshers have increased marginally, by 20 per cent, since 2010, while the packages of CXO-level employees have gone up by 70-90 per cent