Page 10 - Indian It Sector

Trump extends freeze on H-1B visas until Mar 31; IT professionals miffed

Donald Trump has extended the freeze on the most sought-after H-1B visas along with other types of foreign work visas by three months to protect American workers

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

TCS founder, Indian IT industry pioneer FC Kohli passes away at 96

"Kohli was the true pioneer of Indian IT. We have all followed in his footsteps. His contribution to the IT industry and thus to India is immeasurable," Wipro Chairman Azim Premji said in a statement

Indian IT industry looks forward to working together with new US admin

Nasscom on Sunday welcomed Joe Biden's win in the US Presidential election, and said the Indian IT industry looks forward to working with the new administration

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

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

'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

Infosys becoming bellwether again, says chairman Nandan Nilekani

The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later

Accenture Q4FY20 earnings: Five key takeaways for the Indian IT companies

Analysts at Nomura note that Accenture's weakness is restricted to stressed verticals such as retail, manufacturing, travel, and energy, which contributed nearly 20 per cent of revenues.

Deal wins, margin surprises likely to power more gains for Infosys

Enhancing digital capabilities should aid growth amid rising IT budgets

Will focus more on insurance and govt digitisation projects: IBM's Patel

IBM'S SANDIP PATEL tells Bibhu Ranjan Mishra & Sai Ishwar that India's relevance is only going to increase in the new scheme of things

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

Cognizant expects revenue to dip 2% in 2020 amid Covid-19 crisis

In the June quarter, Cognizant saw its net profit decline 29 per cent at $361 million, compared to $509 million, while it fell 1.63 per cent sequentially

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

From TCS to Wipro, top IT firms' headcount drops first time in a decade

The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.

IT sector share in Nifty 50 at five-year high with overall weight of 15%

Combined market cap of five top IT companies, which are part of the index, is up 6.5% since the beginning of 2020 against a 6.6 per cent decline in market cap of the index

IT stocks: Street shrugs off Trump's extension of ban on H1-B visas

Work-from-home and increased local hiring should help mitigate its impact

Top headlines: Trump's temporary visa ban upsets IT industry, and more

Business Standard brings to you a snapshot of events which made it to the headlines today

Covid-19 impact: IT services let go of contract staff to reduce bench

In the last few years, subcontracting costs for most IT firms have also increased manifold due to protective measures around issuance of H1-B work visas

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Both clients & vendors have to think about adoption of WFH model: Infy COO

With relaxations in the nationwide lockdown induced by Covid-19, Infosys plans to adopt a staggered approach in getting back employees to office.