Page 11 - Indian It Sector

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.

Over 1 mn IT employees to work from home post-lockdown: Kris Gopalakrishnan

The former CEO and Managing Director of Infosys said he does not see job losses in the IT sector

Mindtree Q4 FY20 net profit up 3.9% to Rs 206.2 cr, sees dip in demand

Mindtree posted a net profit of Rs 198.4 crore in the same period last year

TCS Q4 preview: Covid-19 likely to hit most verticals; FY21 outlook key

Net sales (revenue), according to Centrum Broking, is expected to see 1.5 per cent sequential growth at Rs 40,436.9 crore.

Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

Wipro to kick-start IT earnings season on April 15 with Q4 results

TCS will hold its board meet the next day (April 16) for approval of its financial statements

Hiring of IT freshers by firms may be delayed amid coronavirus outbreak

Since most IT firms anticipate a demand slowdown in the coming quarters, hiring from tier-III and IV engineering colleges through walk-in interviews is going take a massive hit in 2020

Coronavirus scare: IT firms stare at delay in bagging large contracts

According to outsourcing advisory experts, severe restrictions on the mobility of human resources as well as the likely delay in decision making by the clients are seen as the key reasons

Odisha tables revenue surplus budget with total outgo pegged at Rs 1.5 trn

Budget estimates fiscal deficit to be at 3.4%, within permissible limit of FRBM target

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty

Mid-sized IT firms disappoint in Sep quarter; L&T Infotech an exception

Barring hi-tech, media and BFS, all other segments demonstrated strong growth for it

Slowdown blues: Demand worries likely to dim IT firms' growth outlook

Besides slow growth in BFSI and retail verticals, deal conversion is taking time and may impact revenues and stock valuations

Indian IT firms' margins under pressure as H1B visa rejections increase

Latest data from US Citizenship and Immigration Services (USCIS) shows rejection rates for H1B visa petitions has touched a high under the Donald Trump administration

Top 10 biz headlines: Truck sales fall 60%, GST cut for hybrid cars & more

From sales of medium and heavy commercial vehicles falling by over half in Aug to the GST Council considering a breather for hybrid vehicles in its upcoming meeting, here is today's top business news