Page 22 - It Sector

Uttar Pradesh govt bags Rs 16,000-crore deal for data centre projects

The state is planning to set up smaller capacity data centres in the hinterland across the state. The policy will aim to attract private sector investment to attain Rs 30,000 cr in the next five years

IT governance rules: RBI releases draft guidelines for regulated entities

The framework will specify the role and responsibilities of the board of directors and the senior management of the entity.

Top headlines: Hikes, bonuses come down for IT firms, GACs in IT rules

The crazy salary hikes and bonuses with attrition hitting the roof is finally tempering down for the Indian IT services sector. Read more in our top headlines

Infosys runs 'Accelerate' to avert moonlighting, says it supports learning

Infosys supports 'gig work' for employees but is against dual employment, has fired people who were moonlighting, CEO Salil Parekh said in a media interaction on Thursday

Top headlines: India Inc's overseas fundraising, Vistara-AI merger talks

From Vistara-Air India merger discussions to India Inc's fundraising, here are the top headlines on Friday morning

Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

Finance, consulting firm jobs make up for the loss in IT sector placements

However, IT companies have also been strategic in the extent of hiring cuts that have varied from campus to campus

Financials, IT, energy see highest FPI selloff in last fortnight of Sept

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Avoid sectors having global exposure like IT, oil, gas: ICICI Securities

ICICI Securities Ltd on Wednesday said its one year forward Nifty target is 19,425 with sectorial bias towards banks, capital goods/infrastructure and automobiles

Why India continues to attract demand for global capability centres

According to a BCG study, India currently has over 1,500 global capability centres, with 300-500 to be added over the next five years

Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed

Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4

TCS slips over 2% even as Q2FY23 results beat Street estimates

The IT major reported net profit of Rs 10,431 crore, up 8.4 per cent year-on-year (YoY) and 10 per cent quarter-on-quarter (QoQ)

What should you expect from IT majors' Q2-FY23 earnings?

The second quarter earnings season is set to begin today with results from IT major TCS. Here's a report on what experts are anticipating from top Indian IT majors in the September quarter

Zoho's Vembu warns SaaS players of slowdown; sees growth, hiring decline

The company is betting big on tier II and tier III cities because it says a big part of the talent pool comes from there

Results preview: Margin woes may not ease for IT services companies

Management commentary amid a 'Lehman Brothers situation' in Europe will be key

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week

India Inc turns to tech, outreach to get quiet quitters motivated, engaged

A few companies are also stepping back to give their employees reboot time

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Auto, banks rule the roost in H1FY23; IT and metal stocks laggards

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%