Page 11 - It Service
Promoting IT sector to make Tamil Nadu as hub of South Asia: Govt
Tamil Nadu was actively promoting the Information Technology sector with the objective of making it an Information and Communication Technology hub of South Asia
IT sector share in Nifty 50 at five-year high with overall weight of 15%
Combined market cap of five top IT companies, which are part of the index, is up 6.5% since the beginning of 2020 against a 6.6 per cent decline in market cap of the index
 "IT sector share in Nifty 50 at five-year high with overall weight of 15%")
Hexaware plans voluntary delisting, board to discuss proposal next week
Analysts see delisting as a move towards making the company leaner before any further step of a merger or complete
 "Hexaware plans voluntary delisting, board to discuss proposal next week")
Covid-19 crisis: IT services companies pad up to reopen offices for staff
Apart from issuing guidelines for employees with dos and don'ts, the companies are using technology-led solutions to ensure social distancing at workplaces.
 "Covid-19 crisis: IT services companies pad up to reopen offices for staff")
Cognizant's planned layoffs: IT employees' union wants a tripartite meeting
A Nasdaq-listed IT services firm, Cognizant had said last week that it was planning to cut around 13,000 jobs
 "Cognizant's planned layoffs: IT employees' union wants a tripartite meeting")
Cognizant looks to raise sales headcount to spur digital revenue
The move comes at a time when the company is optimising its employee pyramid apart from rationalising its SG&A expenses
 "Cognizant looks to raise sales headcount to spur digital revenue")
IT service deal wins up but incremental revenue remains area of concern
HCL signed 27 new deals in the quarter as compared to 15 in the previous quarter
 "IT service deal wins up but incremental revenue remains area of concern")