Page 27 - It Sector

IT services, telecom, financials: Sectors analysts are betting on for 2022

With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest

CP Gurnani's plan for Tech Mahindra amid Covid-19 uncertainty

In an interview with Business Standard's Surajeet Das Gupta, Tech Mahindra's CEO and Managing Director CP Gurnani shared his company's plans for growth amid the ongoing uncertainty caused by Covid-19

IT services companies' index weighting reaches record high of 18.8%

Combined m-cap of IT firms on Nifty50 up 33.3% in 2021 YTD

Accenture results signal positive cues for Indian IT firms

Robust guidance backed by growth across segments and better pricing mean higher rupee earnings amidst a strong dollar

IT sector valuation premium over Sensex at highest level in over a decade

BSE IT Index trading at P/E multiple of 34.3x - nearly 29% higher than that of Sensex

Indian IT spending to rise 7% to reach $101.8 billion in 2022: Gartner

Indian CIOs are likely to increase spending on projects that drive innovation and modernise legacy systems, Hiring suitable workforce will also be a key priority, says research firm

IT, pharma segments may not provide hedge if rupee weakens

There are concerns over margin and growth, which may weigh on sentiment

IoT-enabled vending machines to accelerate growth of F&B industry: Experts

Internet of Things (IoT)-enabled and digitally connected vending machines and smart-stores in the food and beverage (F&B) industry are new-age retail distributors which will accelerate the growth of the sector, industry experts said on Thursday. Speaking at a webinar on 'Intelligent Retailing', they also noted that consumer behaviour is changing in the F&B industry and intelligent retail backed with data insights will be the future. ITC COO Foods - Chocolate, Coffee, Confectionery & New Category Development - Anuj Rustagi, said intelligent retailing helped by data enablers would drive the sector's growth. Automated retail machines such as vending machines will use the power of data and serve consumers as per their requirement, he noted. Deloitte India Partner Rajat Wahi said a lot of innovations are happening on this front for providing hot meals in places like offices and railways stations. Marico Executive Vice President - Supply Chain, Nitin Kathuria said the vending ...

Indian IT services sector to see 4.5 lakh gross employee addition in H2

Indian IT services sector is expected to see a gross employee addition of about 4.5 lakh in the second half of the fiscal ended March 2022, according to a report by market intelligence firm UnearthInsight. With higher attrition in the second half of around 17 to 19 per cent, the industry is expected to have a net employee addition of about 1.75 lakh in H2 FY22, the 'IT Industry Q2 Insights & FY22 Forecast' report said. "Our H2FY22 report unveils insightful findings, and it further brings out the fact that the IT industry's perceived 'War on Talent' is real and it's getting intense with attrition is a rising concern for the industry. It's crucial for the industry to focus on Employee Value Proposition (EVP) even more aggressively to keep attrition in check," UnearthInsight founder and CEO Gaurav Vasu said. Vasu added that one of the highlights of first half is the way top IT firms have delivered upskilling programmes in completely digital format and have developed robust ...

Indian IT Services to hire about 450,000 people in H2FY22: UnearthInsight

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, says study

Covid reinforced global dependence on Indian IT sector: Kris Gopalakrishnan

Bengaluru Tech Summit 2021 unveiled by Gopalakrishnan, Biocon's Kiran Mazumdar Shaw, to be held during November 17-19

Zoho business operating system user base grows 60% globally, 104% in India

Introduces six apps, three services and seven major platform enhancements on its operating system for business

L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Despite strong Q2 numbers, large deals become scarce for IT majors

The firms' total contract values have declined

Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

Work from home culture has gained acceptance, says CEO of Kerala IT parks

The culture of WFH has gained acceptance in the IT sector and has a positive impact on society by including more new mothers, according to John M Thomas, the CEO of IT parks in Kerala.

HCL Tech Q2 preview: Revenue to rise 13% YoY; margin impact keenly eyed

Most analysts eye a double-digit revenue growth for HCL Technologies between 12 and 13 per cent year-on-year for the second quarter of the financial year 2021-22

This smallcap IT company's stock has surged 118% in 18 days; here's why

In the past six months, the stock price of Brightcom Group has zoomed 1006 per cent, as compared to a 20.5 per cent rise in the S&P BSE Sensex

TCS Q2 preview: Analysts see up to 33 % PAT growth; deal wins eyed

Global brokerage HSBC eyes a 32.8 per cent year-on-year (YoY) and 10.2 per cent quarter-on-quarter (QoQ) rise in the net profit at Rs 9,926.6 crore

Housing sales up 2-fold in Jul-Sep in 7 cities on better demand: Anarock

The seven cities tracked by Anarock are Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.