Page 36 - It Sector

Flat or negative growth for IT sector in 2020 due to Covid-19: Infosys CFO

The Coronavirus pandemic is like a force majeure, and no amount of business continuity planning will help in this situation, he claimed

Tough times for IT

Companies have to rejig their business model

Top 10 biz headlines: Rana Kapoor in ED custody, IT's coronavirus woes

From the impact of coronavirus on Vivad se Vishwas to reforms in the pension market, here are the top 10 business headlines of the day

Govt approves TCS, DLF proposals to set up SEZs for IT in Haryana, UP

The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 in New Delhi

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Trump visit: Nasscom to lobby for mobility of skilled software executives

During the visit of the US President, it will also raise concerns relating to rising H1B curbs

All the distractions of 2019 are behind us: Cognizant's Brian Humphries

100 per cent of Cognizant's focus is now on clients, added the CEO of the IT firm

Don't lose sight of the long term

There could be disruptions in the near term, but ultimately the economy will bottom out

Infosys Q3 profit up 23% at Rs 4,457 cr, revenue jumps 7.9% to Rs 23,092 cr

Market analysts said Infosys' performance was in line with their expectations

Credit Suisse Wealth Management sees mid-teen growth in Nifty earnings

Within the markets segments, they do not forecast a major underperformance by the mid-caps in 2020 given the valuation comfort

Top 10 biz headlines: IT cos contracts' rebid, RIL counters govt, and more

From mall developers to Tata 'legacy hotspots', here are the top business headlines

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Large Indian information technology firms may steal a march over global peers to clinch deals

Infosys fined $800,000 for worker misclassification, tax fraud in US

California initiated legal actions against Infosys after a compliant was filed by whistleblower Jack 'Jay' Palmer, a former Infosys employee

To check attrition, Infosys offers 100% pay hike for 'power programmers'

Firm offering special quarterly skill-based bonus to high performers; attrition rate at present above 20%

IT stocks drop as brokerages raise concerns; Nifty IT index falls 2%

IT stocks currently trade at a 7 per cent discount to Nifty

Addressing challenges offer scope for growth in electronics sector: IT Secy

He added that challenges in sectors like agriculture, transportation, energy, logistics and industrial automation also present opportunities for developing solutions.

TCS banking on universal banking platform to clinch large finance deals

TCS has announced several deals this year, led by BaNCS, in Europe, the Asia-Pacific and West Asia

Finance, IT lead in job creation, capital-intensive sectors in cuts: CARE

The report shows that job growth, which had picked up by 2016-17, slumped in the two succeeding years - 2017-18 and 2018-19

Mid-sized IT firms disappoint in Sep quarter; L&T Infotech an exception

Barring hi-tech, media and BFS, all other segments demonstrated strong growth for it

Why IT giants are cutting jobs at mid, senior levels

Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue