Page 8 - Indian It Firms

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

Tech Mahindra Q1 net profit up 1.4% at Rs 972.3 cr, revenue rises 5.2%

The consolidated revenue stood at Rs 9,106 crore in the quarter under review, up 5.2 per cent from Rs 8,653 crore in the year-ago period

Covid-19 impact: IT bigwigs likely to speed up client staff absorption

Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.

Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

Infosys signs pact with Germany's LANXESS for ultra-modern workplace

The workforce of LANXESS would be supported by a multilingual artificial intelligence-powered service desk operating from Europe and India, Infosys said

End of an era at HCL Tech: Nadar challenged global giants at their own game

He was the last founder chairman in the Indian IT services industry to step down.