Page 7 - It Service

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

Infra push: IT hubs lead surge in price of residential real estate

Hyderabad's Gachibowli logs highest rise in avg prices between Oct 2020 and now

REC inks pact with RailTel to finance KAVACH, other infra projects

REC Limited signed an agreement with RailTel on Thursday to fund KAVACH Train Collision Prevention System along with many other infrastructure projects in the field of telecom, IT and rail signalling. "These projects encompass a wide range of areas, including Data Centre products and services, Telecom & IT products and services, Railways & Metro projects, and the KAVACH Train Collision Prevention System," a statement from RailTel said, adding, that it will fund up to Rs 30,000 crore over the next five years. According to RailTel, the Memorandum of Understanding (MoU) also extends to the possibility of financing overseas ventures related to high-speed rail, metro, IT network, and the upgradation of railway network, as part of bilateral country discussions and infrastructure projects in Southeast Asia and Eastern Africa where RailTel is currently focusing. The MoU was signed by TSC Bosh, Executive Director (Infra & Logistics), REC and Jasmeet Singh Marwah, Company Secretary,

Infosys, Smart Europe ink 5-year pact to redefine e-mobility experience

Infosys said it will leverage its technical expertise and design thinking-led consulting approach to enable Smart Europe GmbH to derive "exceptional value" from software, data, and cloud investments

Tech Mahindra Q2FY24 result: Net profit down 61.6%, revenue drops 2%

This is the biggest fall in net profits over a decade, as the company braced for budget tightening by clients

CMS Info System Q2 net profit up 16%, managed ATM services income grows 26%

CMS Info System Ltd stock closed two per cent higher at Rs 368.75 per share on BSE

IT firms give campus hiring a miss for FY25 amid macro uncertainties

They may consider visiting campuses only after March qtr

I-T moves HC against tribunal for favouring LIC in Rs 5K cr tax cases

The litigation has been filed by the Principal Commissioner of Income Tax, Mumbai, for two claims: Rs 1,838.87 crore and Rs 3,153.97 crore from AY 2014

Weak outlook

Growth in the IT sector will remain muted

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

Q2 results: HCLTech net beats estimates, but FY24 growth forecast cut

The company reported its net new bookings in the quarter at an all-time high of $3.96 billion in total contract value (TCV)

Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped

Infosys signs $1.5 billion contract with global client for 15 years

In July, Infosys announced a $2 billion deal with an existing strategic client without naming the client

Infosys Completes acquisition of Danske Bank's IT Centre in India

Headquartered in Denmark, Danske Bank provides banking services to personal and business customers, as well as to large corporate and institutional customers

TCS undergoes rejig, creates a business unit focused on AI, Cloud

The rejig goes back to vertical focus, and will encompass the earlier rejig done by Rajesh Gopinathan

Persistent Systems records 8.1% rise in Q1 net profit at Rs 228 crore

The order booking for the quarter stood at $380.3 million in Total Contract Value (TCV) and at $271.9 million in Annual Contract Value (ACV) terms

TCS will take strong action against staff over ethics breach: Chandra

TCS bans six employees, six staffing firms in hiring scam

Infosys to provide certification in AI, generative AI skills on Springboard

IT services company Infosys on Thursday announced it has launched a free Artificial Intelligence (AI) certification training on Infosys Springboard Virtual Learning Platform. According to a statement, Infosys AI-first specialists and data strategists, responsible for delivering Infosys Topaz AI-first set of services, solutions, and platforms will help shape the curriculum, to arm learners with future-ready skill sets. Infosys will provide certification in AI and Generative AI skills, crucial for landing jobs, through Infosys Springboard Virtual Learning Platform, it said. The certification will offer a variety of courses that cover a slew of topics related to AI, including an introductory course on AI and Generative AI, with a focus on deep learning and natural language processing, and a masterclass on AI and the impact of Generative AI. Moreover, a customised course on 'Citizens Data Science' will aim to cover various aspects of the data science discipline, including Python ...

HCLTech to train 18,000 experts on Google Cloud generative AI capabilities

As part of this expanded partnership, HCLTech will train more than 18,000 people on Google Cloud generative AI technologies and innovate new solutions

Sam Altman: The man behind the AI sensation across the globe, ChatGPT

OpenAI co-founder Sam Altman says that artificial intelligence might kill jobs but it is not a permanent job killer