Page 29 - It Sector

West Bengal govt earmarks 100 acres more for IT hub, says minister

The West Bengal government has earmarked another 100 acres of land for its Silicon Valley Tech Hub, state IT Minister Partha Chatterjee said on Thursday.

Infosys hits new high, trades above share buyback price of Rs 1,750

The stock has outperformed the market by gaining 13 per cent in the past one month

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap

HCL Tech became the fourth Indian information technology (IT) firm to achieve the milestone after Tata Consultancy Services (TCS), Infosys and Wipro

Up to India Inc to take risks now as my govt has ushered bold reforms: PM

The prime minister said the economy was picking up pace with the efforts of industry

Tech Mahindra extends gains post June quarter results; stock hits new high

In the past one month, Tech Mahindra has outperformed the market by surging 25 per cent, as compared to 4.4 per cent rise in the S&P BSE Sensex

Digital deals propel IT revenues; higher salaries to dent profits in FY22

Indian IT services companies are likely to post a 9-12 per cent revenue growth in USD terms in FY22, helped by the strong demand for digital deals, a report said on Tuesday.

R Systems soars 15% as board to consider share buyback proposal

Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price

Q1 results: 230 early bird companies report 71% jump in net profit

Good Q1 showing on the back of last year's low base; sales low sequentially

Mphasis surges 12%, hits new high on strong June quarter results

Mphasis won a total contract value (TCV) of $505 million in Direct business during the quarter, the highest ever in the history of the company

Mastek hits new high on healthy June quarter results

In the past six months, Mastek's market price has more than doubled as against a 4.6 per cent rise in the S&P BSE Sensex

HCL Technologies dips 2% as company reports lower-than-expected Q1 results

The management has reiterated its double-digit USD revenue growth guidance and EBIT margin band of 19-21 per cent for FY22

HCL Tech Q1 preview: Analysts see 6-11% YoY PAT growth, strong deal win

HCL Tech Q1 preview: Most analysts expect a contraction in HCL Tech's margin, hurt by wage hikes in Q4 and investment in geo & sales expansion.

L&T Technology zooms 15%, hits record high on strong June quarter results

The stock of the internet software and services company surpassed its previous high of Rs 3,062.45 hit on April 9, 2021

Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance

Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY

Mindtree surges 9%, hits new high on healthy June quarter results

Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note

Infosys Q1 preview: PAT likely to grow 27-30% YoY; may up FY22 guidance

Infosys' outlook will be key to watch, with many brokerages penciling in a rise in the company's FY22 revenue guidance

Brightcom Group rallies ahead of preferential issue, zooms 174% in a month

Brightcom Group had signed a LOI to acquire a digital marketing services company based out of India with 1100 employees and premium clients such as Netflix, Disney, Bitly, Hulu and The New York Times

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