Page 8 - Indian It Firms

TCS to announce salary hikes for FY22, second for company in 6 months

With salary hike in Financial Year 2021-22, TCS employees will get around 12-14 per cent average increment in six months' time

On track to bring in more new hires in Q1 2021 than ever before: Cognizant

Cognizant has stepped up its hiring efforts for both freshers and lateral hires in the country

HCL Technologies signs 5-year agreement with Airbus, plans expansion

The deal will help HCL expand its global footprint, especially in France, Germany and Spain. As part of the deal, the IT major will deliver multiple services from its centres in France

TCS market capitalisation touches all-time high of Rs 12 trillion

Currently, TCS is India's second most valuable firm after Reliance Industries (RIL) which has a market cap of nearly Rs 12.9 trillion (includes market cap of partly-paid up shares)

Trump's biggest H-1B changes blocked: What it means for Indian techies

A US court has blocked two H-1B regulations proposed by the Trump administration to restrict the ability of American companies to hire foreign employees

Best of BS Opinion: Increasing visa hurdles, Trump vs Biden, and more

Here's a selection of Business Standard opinion pieces for the day

IT firms to expand localisation drive as US proposes more work visa hurdles

Indian IT firms say workplace-independent model, local hiring will help them meet challenge

Increasing visa hurdles

Doing business in the US is getting harder

20 new IT firms have set up operations in Kerala amid easing of curbs

Amid easing of lockdown curbs, at least 20 new IT firms have set up operations in Kerala and five existing firms have sought more space as part of their expansion plans, the state government said

Consistent revenue growth to remain key for Mindtree stock: Experts

Its ability to support current margin may support the valuation

Indian IT firms to gain as US court blocks Trump ban on H1B, work visas

Order says US President "exceeded his constitutional authority" in his move to ban issuance of non-immigrant visas aimed at creating more employment for American locals

'Trump exceeded constitutional authority': Three key updates on H-1B visa

Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge

IT firms must focus on problem recognition and solution mindset: Murthy

Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent

Indian IT companies to see a re-rating similar to FAANG stocks: Edelweiss

Thus far in CY20, the Nifty IT index has risen 15.5 per cent as compared to over 5 per cent decline in the benchmark Nifty50 index.

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Nasscom welcomes H1B, L1 visa relaxations; remains 'cautiously optimistic'

"We believe this is a step in the right direction and encourages the implementing agencies to ensure that US businesses' access to critical talent is not hampered," Nasscom said

KPIT Technologies net profit dips 22% to Rs 24 crore in June quarter

It had posted a net profit of Rs 31 crore in the corresponding period a year ago, according to a BSE filing by the company.

Greater localisation, offshoring to cut visa hike impact for Indian IT cos

Experts say the visa price hike impact will be minimal as IT firms are already sitting on comfortable margins due to absence of travel and reduction of other discretionary costs

Bulk of 5G-centric spends to be pushed: TechM's CP Gurnani, Manoj Bhat

"Huawei continues to remain our customer. But they are going through their own cycle, in terms of the US (sanctions) and Covid-19 impact," said TechM's CFO Manoj Bhat

Tech Mahindra beats Street estimates, pre-tax profit up 33% to Rs 1,283 cr

Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs