Page 29 - Information Technology
Information technology companies slam brakes on fresh investment
Top companies have reported a decline in assets for the first time in many years
 "Information technology companies slam brakes on fresh investment")
Growth uptick, multiple tailwinds to prop up information technology sector
Weak rupee, expectations of higher IT spending by US clients and undemanding valuations keep frontline stocks in demand
 "Growth uptick, multiple tailwinds to prop up information technology sector")
Around 20 phone makers respond to govt's directive on theft of user data
Govt is taking all required steps to make sure that the cyber ecosystem is secure, says Ajay Kumar
 "Around 20 phone makers respond to govt's directive on theft of user data")
IT firms eye new markets in Japan, China, Germany
Stricter regulations in US forces industry to look at these countries with a market size of $300 bn
 "IT firms eye new markets in Japan, China, Germany")
India's IT story isn't over yet: Future lies in mastering machine learning
It is capable of rediscovering its mojo and finding a way back to growth trajectories
 "India's IT story isn't over yet: Future lies in mastering machine learning")
PE less than 16 is attractive
Unless the growth prospects are truly exceptional, avoid paying a higher discount
A survival guide on how to beat the looming job crisis
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills
 "A survival guide on how to beat the looming job crisis")
Captives cut outsourcing to Indian IT to solve digital challenges inhouse
India is witnessing captives cut outsourcing to Indian outsourcing vendors and move work in house as they work on emerging areas such as artificial intelligence, cloud and digital technologies.The focus to move work inshore comes at a time when global firms are investing on digital technologies and automation and even outsourcing companies are struggling with the shift. One-fourth of the 300 odd captives on pure engineering and engineering design set up across the world in the last 12 months were in India."The number of captives on pure technology services, especially on digital technologies like Artificial Intelligence, are growing too," said Pareekh Jain of HfS Research India. James R Fowler, CIO, General Electric, CIO, recently said 70 per cent of the services were outsourced before he took over the responsibility as chief information officer. He decided to make it 50 per cent. "We made a decision for 50:50, and there is still a role for contractors to play, business partners to ..
 "Captives cut outsourcing to Indian IT to solve digital challenges inhouse")
IT may prove to be the dark horse in 2017
Firms have levers to cushion impact of stricter US visa norms
 "IT may prove to be the dark horse in 2017")
AI dominates: Indian IT stares at talent shortage in digital, cloud skills
As clients seek cloud-based and other digital tech services, firms need to train work force faster
Domestic IT spend to grow 13% to Rs 2.14 lakh crore this year
The performance in 2016 has been below the estimates given the delays in the GST implementation
 "Domestic IT spend to grow 13% to Rs 2.14 lakh crore this year")
IT shares gain; Nifty IT index up over 1%
TCS, Infosys, HCL Technologies, KPIT Techno, Tech Mahindra and Tata Elxsi were up 1%-3% on the NSE
 "IT shares gain; Nifty IT index up over 1%")
Mid, small IT stocks extend gains; rally unlikely to sustain, say experts
Experts believe this could be a speculative rally and may not sustain for long
 "Mid, small IT stocks extend gains; rally unlikely to sustain, say experts")
Mid, small IT stocks rally; Intellect Design, Tanla Solutions soar 20%
Smartlink Network, Trigen Technologies, D-Link, Aurionpro Solutions, Allied Digital and Polaris were up 10%-20%
 "Mid, small IT stocks rally; Intellect Design, Tanla Solutions soar 20%")
Indian market is seen as a step-child by its IT firms: Gartner
Gartner predicted that spending for IT by Indian companies should go up by nearly 7% to $72.4 billion in 2017
 "Indian market is seen as a step-child by its IT firms: Gartner")
Topper state boosts Hyderabad IT prospects
Hyderabad is likely to attract more investments in the information technology (IT) sector, thanks to the state of Telangana achieving the top slot in the Centre's Ease of Doing Business (EoDB) rankings announced last week.The availability of land, good infrastructure, conducive ecosystem and industry-friendly policies would help Hyderabad to catch up with Bengaluru and Chennai in terms of IT sector growth, say industry representatives. Telangana scored 98.78 per cent in the EoDB rankings that was declared by the Department of Industrial Policy and Promotion.For the first time, the state government has issued online clearances through the Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS), based on self-certification by investors. Industry incentives such as sales tax refund and capital subsidy are also being delivered to the individual bank accounts through RTGS (real-time gross settlement systems)."The state government is leveraging technology to incr
Can Indian IT do away with offshore delivery tag?
Sikka's regret over lack of strategic talk with clients hints at larger problem
 "Can Indian IT do away with offshore delivery tag?")
IT shares under pressure; Wipro, NIIT Tech, Tata Elxsi, Hexaware hit 52-week low
TCS, HCL Technologies, Wipro, Persistent Systems, Tech Mahindra and Hexaware Technologies were down 2%-3%.
 "IT shares under pressure; Wipro, NIIT Tech, Tata Elxsi, Hexaware hit 52-week low")
Small firms grow shy of hiring engineers
After engineers quitting in hordes to join large firms, it now hires only diploma holders, whom it trains and retains for longer periods
 "Small firms grow shy of hiring engineers")
Women outnumber men at entry-level technology jobs
51% entry level hires are women candidates; probability of women getting job offers 50% higher than men, finds Nasscom survey
 "Women outnumber men at entry-level technology jobs")