Page 21 - It Companies

Bharatiya Global Infomedia to seek shareholders nod for raising Rs 150 cr

IT firm Bharatiya Global Infomedia will seek shareholders approval to enhance the borrowing limit to up to Rs 150 crore for at its annual general meeting to be held on September 30

Mid-cap IT companies' June quarter performance all about niche play

Unlike the top four or five IT players, when it comes to the mid-cap IT services players, every company has a different strategy and focus segments

A deeper look at Q1FY22 show of top-4 IT players tells a different story

While Q1 numbers show that the top four players are gearing up to capture the demand, the success of this will depend a lot on how they manage their supply side

No longer discounted: Mid- and small-cap IT firms enjoy premium at bourses

This is a contrast to last year, when mid- and small-cap IT companies traded at a P/E multiple of 13.3x at the end of March 2020

Good Q1 start has set the tone for growth this fiscal: Mindtree CEO

In a Q&A, Debashis Chatterjee talks about the growth drivers, how the company's 4x4x4 strategy has panned out and the rising attrition

As attrition rises, Wipro to hit campuses to hire record 30,000 freshers

The IT major will be making the offers at campuses in FY22, of which 22,000 will join the company in FY23

Guidance revision, margin show help L&T Tech outperform peers in Q1

Investors advised to await a correction and hold the stock for long term to benefit from the demand uptick in the niche engineering, research and development space

Infosys Q1 net profit rises 23%, ups FY22 revenue guidance to 14-16%

'This has been a landmark quarter for us with the company. Q1FY22 saw the fastest growth in the last 10 years,' says CEO Salil Parekh

95% Indian firms to continue with remote work for next two years: Survey

The survey also found that 89 per cent of respondents believe implementing a work-from-home policy has led to an increase in security challenges faced by their organisation

TCS to expand operations in Arizona; to invest $300 million by 2026

Tata Consultancy Services (TCS) on Wednesday announced plans to expand its operations in Arizona in the US and invest more than USD 300 million (about Rs 2,236 crore) by 2026. The Mumbai-based company will also hire more than 220 employees by 2023, it said in a regulatory filing. "TCS will also continue to expand the reach of its STEM (Science, Technology, Engineering and Mathematics) and Computer Science education programmes in Arizona by increasing teacher training and online content for students over the next two years," it added. TCS' Phoenix Business Centre -- one of 30 TCS facilities in the US -- serves more than 50 customers across Arizona. Currently, it has more than 780 employees in the state, helping clients in banking, manufacturing, healthcare, and utilities, manage their IT operations and harness technologies such as artificial intelligence, machine learning, and enterprise software to achieve their growth and transformation objectives. The new positions will be based

Pandemic hastens transformation, demand soars for digital skills

Non-IT sectors, traditional firms seek tech talent at campus placements, too; focus also turns to soft skills

Indices' losing run continues amid selling pressure; Bajaj Auto falls 1%

Banking, finance and IT counters accounted for most of the losses, while strong demand for metal stocks cushioned the fall

IT industry to post strong recovery with 11% revenue growth in FY22: Crisil

The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail

VVDN gets approval under PLI Scheme for IT hardware manufacturing

VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...

Strong deal pipeline may boost Q1 show of IT companies: Analysts

Margins will be a concern with salary hikes and attrition taking centre-stage

IT, financial players most ESG compliant; Infosys tops CRISIL rankings

Infosys tops the list, with a score of 79 on 100, while among the financial sector players, Kotak Mahindra Bank has a score of 75

Wipro IT Services to issue $750 mn dollar denominated notes on Jun 23

Wipro IT Services will issue US dollar-denominated notes worth $750 million on June 23

'Time for compassion': Indian tech firms help young workers in Covid trauma

Firms are trying to figure out how to address the mental-health fallout for a generation of employees.

Global tax, local complexities: What G7 corporate tax deal means for India

The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities

Telangana's IT exports grew by 13% despite coronavirus pandemic

The state's IT exports crossed Rs 1.45 trillion during 2020-21.