Page 27 - It Companies

Top business headlines: YES Bank case, China like model for MCX, and more

From AGR dues to dull growth for Indian IT companies, Business standard brings to you the top headlines of the day

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

Mid-tier IT companies may do better than larger peers, say analysts

The ability to forge partnerships with large technology firms in niche areas and strong leadership are seen as the factors behind these optimistic projections

TCS, DLF seek govt nod to set up IT SEZs in Haryana, Uttar Pradesh

TCS has proposed to set up an IT/ITeS SEZ at Noida in Uttar Pradesh in an area of 19.9 hectares

New IBM CEO Arvind Krishna described as 'brilliant, right person to lead'

Krishna said IBM has such talented people and technology that we can bring together to help our clients solve their toughest problems

Neemuchwala's Wipro stint marked by contract wins, strategic direction

Neemuchwala, who had been given the additional responsibility of MD in July last year, has cited 'family commitments' as the reason behind his departure from the Azim Premji-promoted firm

Abidali Neemuchwala quits as Wipro CEO and MD, cites 'family commitments'

Neemuchwala joined Wipro in April 2015 as the president and chief operating officer. The IT major's stock rose about 13 per cent under his tenure as the CEO

IT firms working vigorously, investing heavily to scale up product business

TCS, Infosys and HCL Technologies lead the race with huge investments to fuel next phase of growth

Stocks of IT companies among the top-performing defensive sectors

In the last three months, the IT index has delivered returns of 11.44 per cent, whereas the Nifty Pharma has delivered returns of 7.3 per cent

HCL Technologies CEO C Vijayakumar to chair WEF Governors community

The Forum's IT Governors community convenes CEOs of the world's top information technology (IT) companies in order to help them responsibly shape the future of their industry

Indian IT services firms stare at revenue loss as core business falters

Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period

Global IT spending projected to reach $3.9 trillion in 2020: Gartner

Global IT spending is expected to cross into four trillion dollar territory next year, the research firm said

Tech Mahindra opens delivery centre in Warangal, to focus on next gen tech

The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao

Birlasoft's CFO Rajeev Gupta tenders resignation, reason not specified

"The company is in the process of appointing a new CFO and the same will be communicated to the stock exchanges in due course," the filing said

FM's tax cuts: Reduction in MAT to benefit IT companies in Gift City

They were to pay 18.5 per cent MAT so far, but will now have to pay 15 per cent MAT

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Large Indian information technology firms may steal a march over global peers to clinch deals

FITE to look at legal options if talks with IT companies fail

The conciliation process is expected to be completed in two weeks, with a couple of hearings scheduled. If the talks fail, the Forum will move legally, said Vinod AJ, general secretary of FITE

Data protection Bill arms Centre with exemption powers; tech firms worried

It may possibly be referred to a joint select committee subsequently

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

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

India to convince US that tapping into Indian talent is in mutual benefit

The minister added that denials rates have not gone up only for Indian companies but for all companies.