Page 29 - It Sector

India Inc loosens purse strings for sales, IT functions, says report

With technology and sales becoming critical functions for business continuity and recovery, the salaries that these professionals command have increased significantly with a median increment of 7.12 per cent; while for super-specialised jobs, it was over 11 per cent, according to a report. According to the latest 'TeamLease Jobs and Salaries Primer Report 2021', while the median salary increment was 7.12 per cent, the average growth of salary for talent in IT and sales functions have been 8.55 per cent and 9.82 per cent, respectively. As per the report, the positivity is not restricted to sales and IT functions alone, but also to super-specialised jobs that are being rewarded handsomely. Super-specialised jobs have commanded a salary increment of over 11 per cent. The 'Jobs and Salaries Primer' is an annual report from TeamLease Services Ltd that analyses the hiring and salary trends across industries. The latest edition has taken into consideration the salary payouts of over 2,63,0

Twitter India releases its transparency report under new IT rules

According to the data, Twitter in India received the highest number of complaints, 20, relating to defamation

TCS Q1 numbers a blip or sign of times to come? Here's what analysts say

TCS missed analyst expectations as India business pulled down revenue growth

Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

Spurt in outsourcing, digital deals to drive IT sector rebound: Crisil

The 100 billion dollar information technology services sector will stage a strong recovery this fiscal with revenue growth of 10 to 11 per cent, according to Crisil Ratings

Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies

A strong operational performance by Accenture during Q3FY21 in its outsourcing vertical sets the tone for an upcoming earnings season for the Indian IT service companies, Edelweiss Research said

Behind Twitter's 'non-compliance' with new IT rules: Covid-19 pandemic

Twitter said it had appointed a nodal contact person and a resident grievance officer as required under the rules

Infosys hits record high, rallies for 8th straight day; up 13% in a month

The stock hit a record high of Rs 1,484.10, surpassing its previous high of Rs 1,480 touched on April 12, 2021

NIIT, Aptech surge over 10% on heavy volumes, hit multi-year highs

NIIT rose 17 per cent to hit an over 13-year high of Rs 295.50 on the BSE in intra-day trade on Tuesday

NIIT hits over 13-year high on healthy March quarter results

The company recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations

Cognizant learns an HR lesson as people shortage impacts business momentum

A challenging strategy to accelerate growth has ironically dragged the former IT racehorse into bigger troubles over people management

Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC

The IT and Business Services market in the country recorded a lower year-on-year growth of 5.41 per cent to $13.41 billion in 2020 due to the impact of the Covid-19 pandemic on organisations

At 21%, Cognizant sees highest IT attrition in January-March quarter

In the previous quarter, the company's attrition rate was lower at 19 per cent, though the level was 22 per cent in the January-March 2020

Coforge advances 10% on healthy March quarter performance

The company is planning for an organic growth of at least 17% in constant currency terms during FY22 and an expansion of EBITDA margin from 18% in FY21 to 19% in FY22

Algo Rhythm: Data Centres are the new global infrastructure

The Data Centre information technology (IT) power capacity in India is expected to reach about 800 Mw during 2021-2024

Google tax: American IT and steel lobbies back action against India

The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax

India will be a growth engine for us globally, says SAP's Scott Russell

Russel says in an interview with Shivani Shinde that looking at the Q1 results, last year's bold pivot and the strategy that the company took was right

Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020

Subex surges 32% in 2 days ahead of new product launch

The company will be launching the new AI automation platform on Thursday, April 22, 2021 and specific details of the same will be unveiled on the launch day

Hit by 12% attrition in Q4FY21, Wipro readies arsenal to retain talent

7% pay hike w.e.f. Jan 1 for 80% staff, rest to get one in June, first round of promotions done in Dec 2020, next to begin this June