Page 25 - It Sector

Wipro announces quarterly promotions for top performers amid high attrition

Wipro plans to boost the salaries of most of its workforce by 10% in September 2022. The top performers are likely to receive a 15% hike

With Europe slowing, TCS says North America to drive its growth in FY23

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Employee costs surge over 12% to a record Rs 10.8 trillion in FY22

Employee costs rose over 12% in FY22, the fastest in 8 years

Q1FY23 results: Margin pressure on IT services to remain, focus on outlook

Supply-side issues continue to impact companies

Strong order book, high attrition: What Accenture's Q3 means for Indian IT

Accenture Q3 results: Strong outlook and robust bookings reflect the secular nature of demand for IT services in the near-term, though medium-term risks persist, said analysts

Can an IT sector employee be classified as a workman?

A labour court in Chennai recently asked TCS to reinstate a former employee and clear all his past dues. This could become a reference for performance-related unlawful terminations in the IT industry

IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey

Record high hiring outlook of 51% in eight years

Can US recession slam the brakes on Indian IT sector's dream run?

A recession in the US would have far-reaching consequences for the Indian economy -- especially for the IT sector. We examine how the Indian IT industry will be hit if the US goes through a recession

Why PLI scheme in IT hardware sector hasn't taken off despite laptop demand

Imports shoot up as local production remains way short of expectations

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

What's ahead for the distressed IT, banks, realty, and metal sectors?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

KPIT Technologies announces acquisition of UK-based SOMIT Solutions

STRAP: The total value of the acquisition will be around GBP 7.68 million (around Rs 75 crore)

Chennai-based global tech company Zoho Corp invests Rs 20 cr in Genrobotics

Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in sanitation and oil and gas industries

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

IT sector will create one crore jobs by 2025-26: Rajeev Chandrasekhar

Speaking at a press conference here, the minister of state for Electronics and Information Technology said the IT sector has created 10 lakh new jobs in the country this year so far

Will 20% hikes and higher fresher pay be the new norm in IT sector?

Amid the race to hire and retain talents, several IT companies are outdoing each other in doling out attractive packages and bonuses. Will such hikes become the new norms? Find out in this report

ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter

The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21

Weakening rupee a silver lining for recently downgraded IT sector

IT index may be bottoming out at current levels; fall in rupee can help companies offset some of the cost and growth pressures

TCS aims to be world's largest IT company; says large-scale ops not a worry

The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year

13-15% growth guidance strongest for Infosys: MD & CEO Salil Parekh

Infosys Chief Executive Officer and Managing Director Salil Parekh said the guidance of 13-15 per cent is the strongest ever for the company at the start of a financial year (2022-23)