Page 32 - It Sector

Wipro's $1.45 bn deal with Capco disappoints Street; here's why

Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector

$500 mn deal with Google pulls Infosys in focus; analysts see 35% upside

Even after a 164 per cent rally since its 52-week lows hit in March 2020, the Salil Parekh-led firm remains Credit Suisse top pick in the IT space

Karnataka govt, Nasscom launch ER&D policy to foster innovation in state

50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones

India's economic revival: PLI scheme likely to take center stage

16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.

India Inc likely to offer average salary increment of 7.7% this year

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey

IT sector continues to see sequential growth in hiring in January: Report

The sector witnessed a 39 per cent growth in job postings in January compared to the previous month, according to a report

Work from home; collaborate in office: Indian IT industry marks change

Zoom calls may work for a few but can they replace a town-hall meeting: Executives are debating

MF energy exposure off 280 bps since July, at near 3-yr low; IT at new high

According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT

Happiest Minds Technologies surges 14%, hits new high amid heavy volumes

Brokerage Nomura initiate coverage on Happiest Minds Technologies with a 'Buy' rating and target price of Rs 480 per share

IT sector to grow by 2% to $194 bn, add 138,000 employees in FY21: Nasscom

Industry bucks Covid trend on the back of rapid digital transformation and tech adoption; Exports set to touch $150 bn

IT industry to grow by 2.3% in FY21 despite dip in tech spends: Nasscom

Exports will go up by 1.9 per cent to USD 150 billion, industry lobby Nasscom said

Job market continues to improve led by IT, agro-based industries: Report

Job market continues to improve sequentially across the country and job postings in some industries have improved, with some doing even better than the pre-Covid levels, led by IT, agro-based sectors

Karnataka to create 1 million jobs in IT and related sector by 2025

Karnataka Dy CM sought a bigger role for KDEM in improving the economy of the state

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

Cyient plans to build software for telcos rolling out 5G networks

The IT company is set to compete with the likes of Tech Mahindra, Altiostar, Rakuten

Turnaround time

Early trends in corporate earnings hold out hope

IT sector biggest contributor to India Inc dividend pool in the past decade

The average payout by the 186 companies in the past decade had been 41% and annualised returns for their stocks had been 8%.

L&T Technology advances 10% ahead of Q3 results; surges 50% in 3 months

Phillip Capital expects LTTS to post strong dollar revenue growth of 4.1 per cent QoQ

Mindtree gains 6% on healthy Q3 results; here's what brokerages say

The management said the company was witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities

HCL Technologies dips 2% on profit booking post December quarter results

The firm said it expects revenue to grow between 2 per cent to 3 per cent in constant currency terms for Q4FY21