The contribution of IT sector in India's GDP rose from 1.2% in 1998 to 10% in 2019. It has made its presence felt globally too. Here's a report on the Indian IT sector and the road ahead for it
Indian IT firms outpace US competitors in Brand Finance IT services ranking
Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
HDFC Bank's valuation dipped by Rs 2,854.33 crore to Rs 8,56,439.28 crore this week.
Upsides for Wipro is least among the three IT majors
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
BENGALURU (Reuters) -Infosys raised its revenue forecast and Tata Consultancy Services (TCS) predicted robust demand on Wednesday as the Indian IT giants said they expect tech spending to continue, particularly for digital services such as the cloud.
The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.
Budget wish list: Citizens seek jobs, support for small biz and lower tax. More in today's top headlines
Infosys CEO Salil Parekh on Wednesday said the company is working closely with the Income Tax Department on the next set of areas related to the I-T portal as new modules will be added to it.
Business Standard brings the top headlines on Wednesday
In US dollar terms the company's revenue growth was 7 per cent in constant currency basis
Consolidated revenue rose 23% to Rs 31,867 cr
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
The three IT majors are scheduled to report Q3 earnings on Wednesday.
The third quarter is generally a low season for Indian IT companies due to furloughs in its markets. What factors will guide the markets today and how should you trade Voda Idea? This report answers
According to Jefferies, Infosys's growth will be impacted by seasonal softness, although deal ramp-ups should help drive 3.7 per cent quarter-on-quarter (QoQ) CC revenue growth
IT companies Infosys, TCS, Wipro, HCL Tech and Mindtree would announce their numbers.
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.