Page 10 - Indian It Sector

TCS to invest $30-40 mn annually in global running sponsorships next 5 yrs

Tata Consultancy Services (TCS) on Wednesday said it plans to invest up to USD 40 million annually in global running sponsorships and related community programming from 2022 to 2029.

Mphasis on alpha returns: Why Blackstone finds Indian IT so attractive

The expansion of its stake in the mid-size IT services company is part of a trend of PE players betting big on the Indian IT sector

Foreign portfolio investors turn tech-lite but analysts are positive

At the end of April, 13.5 per cent of FPIs' total equity investment was in the IT sector

Parekh brings Infosys back to a position where it is bagging large deals

Analysts across the segment agree that Parekh's presence and focus on recharging the company has worked

Accenture India head Rekha Menon to take over as Nasscom chairman for FY22

She succeeds U B Pravin Rao, COO, Infosys, to become the first woman to take on this role at Nasscom; Krishnan Ramanujam of TCS is Vice Chairperson

Indian IT sector well-positioned, can double in 4-5 years: HCL Tech CEO

Indian IT players are well-positioned to capture at least 20 per cent share of the trillion-dollar incremental spend on technology over the next 4-5 years, HCL Technologies CEO C Vijayakumar said.

Explained: All you should know about America's new H-1B selection process

Here's how US plans to modify H-1B visa selection process, priorities skill and wage levels

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