Page 34 - It Sector

Telecom, automobile companies lead earning downgrades, shows data

The financial sector has seen earnings downgrade of nearly 30 per cent amid uncertainty over NPAs build-up

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Re-rating potential in Tech Mahindra as growth outlook improves

Rising focus on network upgradation and spending on 5G equipment by telecom industry augurs well

Companies' total expenditure plummets 24% in three months to June

Some of this may have to do with pruning of some costs that they would have otherwise incurred, had business been normal; analysis looked at 402 firms that have declared June results

Make India global powerhouse for software products: IT minister to industry

Ravi Shankar Prasad exhorted the IT industry to leverage existing policies to position the country as a global powerhouse for software products by building innovative Made-in-India offerings

Birlasoft leaps 18%, hits 52-week high as it inks pact with Microsoft

The Strategic Cloud Alliance with Microsoft will further strengthen Biralsoft's digital offerings and will allow them to complement their industry expertise, the company said in a statement

Rothschild bullish on India, expects to close more deals in H22020

Domestic deal activity managed to remain in the green during the first half, thanks to the unprecedented stake sale by Reliance Industries in Jio Platforms, between April and June, worth nearly $15 bn

Digitisation trend makes IT a sound long-term bet, but stay cautious

After the recent rally, direct investors need to be cautious about valuations

IT sector may have weathered the worst

If industry advisories are true, that's a useful insight, given the width of US-centric exposure

India must become talent hub post-Covid to draw global investments: Nasscom

IT body chief says it is launching a Rs 436-crore reskilling project on PPP basis to help build digital fluencies in emerging technologies such as AI and cybersecurity

FPIs hike stake in TCS in June 2020 quarter; cut holding in HCL Tech, Wipro

In L&T Infotech and L&T Technology Services, their stake touched an all-time high level.

Embassy REIT could see downsides as IT sector scales down presence

Partial stake sale by sponsor Blackstone has hit sentiment

IIT Delhi concludes placement season with more than 1100 job offers

Approximately 85.6% undergraduate and postgraduate students who availed placement services of the institute got placed

Indian IT firms strengthen Cloud practice as digital adoption picks up

Companies are tying up with Cloud platform firms, ramping up internal team of specialists

Contracts to outsourcing: How Covid-19 may disrupt India's IT sector

Cornavirus pandemic likely to push the sector to bring in changes to operating and delivery models.

An opportune moment for India's tech-based firms: Harsh Vardhan Shringla

India is well aware that while globalisation is here to stay, its norms, however, may become different, says India's foreign secretary

Covid-19 impact: IT services let go of contract staff to reduce bench

In the last few years, subcontracting costs for most IT firms have also increased manifold due to protective measures around issuance of H1-B work visas

Cognizant to acquire US-based cloud player Collaborative Solutions

Financial details not disclosed. Deal will add new finance and HR advisory and implementation services to Cognizant's cloud offerings

As lay-offs loom over IT-sector SMEs, Telangana urges Centre to act

It has sought a series of measures to ensure enough cash flow to the SMEs to avoid layoffs.

Lockdown guidelines: IT-ITeS allowed to resume work; Nasscom hails move

India's $191 billion IT industry employs over 4.3 million people and has largely managed to service its clients during the pandemic