Page 28 - It Companies

Trump's HR 170 Bill, higher visa fees may land Indian IT cos in trouble

Proposed regulations like HR 170 and doubling of visa fees have increased the burden on local technology firms

Infosys tops Rs 10,000-crore exports, becomes IT Ratna of Karnataka

IT Pride awardees included Oracle, Goldman Sachs, SAP Labs, and Intel, among others

India talent lures firms to expand their global in-house centres

Historically, companies in regions such as North America and Europe have been dominating the shared services/GIC space in India

Indian IT firms ramping up their presence in US, stepping up local hiring

Companies hiring more locals to work on future technologies, offer value-added services

Client insourcing hits BFSI revenues of big IT services companies

'Despite the insourcing by banking clients, we have found a balance in North America'

Consolidation to gather pace among domestic IT companies, says report

Scaling up and the need to build digital capabilities will lead to faster consolidation among the mid-tier information technology companies in India, domestic ratings agency Crisil said Tuesday. The IT companies' legacy businesses such as time and material contracts have become commoditised, posing significant growth and profitability challenges, it said, spelling out the reasons which will drive this consolidation. Exit by promoters of tier II firms in the past two years who are capitalising on higher valuations and better growth prospects will also drive this trend, it said. The agency said it has analysed 22 such mid-tier IT firms with turnover between Rs 1,000 - Rs 10,000 crore and found that there is a consolidation opportunity in Rs 33,000 crore worth of market capitalisation. Without taking any names like Bengaluru's Mindtree which is being acquired by L&T, it said moves entailing switch of ownership for Rs 18,000 crore are already in progress. "Such ...

Why IT giants are cutting jobs at mid, senior levels

Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue

IT results: Top 4 perform differently in March quarter

TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general

TN labour dept, NASSCOM and firms deliberate on 'mass layoffs' in IT sector

AIFITE and UNITE, the organisations that offer support to IT employees, in their letters urged the government to take steps against the alleged mass retrenchment by various IT companies

IT companies may shed up to 40,000 mid-level employees: Mohandas Pai

'It's going to happen again and again and again every five years,' said Pai

IT companies look to cut jobs at mid, senior levels in coming quarters

As hiring in US rises, with resulting cost pressure, these staffers in India are at risk; advent of digital tech another reason

Overall hiring intention of IT employers drops 5 percentage points: Survey

The report further noted that Indian IT companies intend to hire mostly freshers, up to five years experience

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters

Oracle to hire 2,000 workers to expand cloud business to more countries

Jobs will be added in Oracle's software development hubs in Seattle, the San Francisco Bay Area and India

Q2 earnings: Top IT services companies likely to report steady growth

Analysts are still cautious about the outlook for the banking, financial services and insurance (BFSI) vertical

Rupee's fall may not prop up the margin of IT companies: Analysts

Higher attrition, elevated sub-contracting costs and pricing pressure are likely to negate benefits from a weak domestic currency

Rupee fall against dollar likely to spur margins of IT companies

But a weakening pound sterling may erode some of the gains

IT companies fume over double taxation avoidance treaty with Australia

India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18

Restrictions hurting our operations in China, IT industry tells Goyal

Despite the Chinese IT services market remaining the third largest globally, investments by the Indian industry have not been able to grow owing to unique challenges faced while setting up shop

Scarcity of talent likely to hit IT companies' forecasts for FY20

Indian IT services firms such as TCS and Infosys have announced a record number of deal closures in the past couple of quarters