Page 18 - It Services

AI & Computer Vision platform Avatar raises $45mn in Tiger Global-led round

The Series B round saw co-participation from existing investor Sequoia Capital India. The financing is one of the largest fundraising rounds in the Applied 3D/AR space

TCS Board to consider share buyback proposal on Jan 12

On Friday, TCS shares closed 1.26 per cent higher at Rs 3,854.85 on BSE

Accenture's growth outlook augurs well for Indian IT services players

The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier

Indian IT services firms set for robust growth, attrition a concern

Despite the growth, concerns have emanated from elevated attrition levels for the industry due to strong demand for digital technologies and lack of adequate skilled manpower to service the same

IT services companies' index weighting reaches record high of 18.8%

Combined m-cap of IT firms on Nifty50 up 33.3% in 2021 YTD

Infosys BPM to create 250 jobs in Ireland with new delivery centre

The firm started its Ireland operations in Dublin in 2014

HCL Tech says to hire 12,000, including 2,000 freshers, in US over 5 years

Hiring will be done across roles including in IT consulting, cloud, data analytics and digital engineering

Indian IT spending to rise 7% to reach $101.8 billion in 2022: Gartner

Indian CIOs are likely to increase spending on projects that drive innovation and modernise legacy systems, Hiring suitable workforce will also be a key priority, says research firm

German SaaS major Celonis marks India entry with $100 mn investment plan

The company will set up a 'global centre of excellence' in India with 1,000 employees

HCL Technologies expands its presence in Sri Lanka, opens new facility

HCL intends to occupy 80% of Cinnamon Life, a project by John Keels, with plans of taking up 10 floors now and 10 floors at a later stage

Spandana panel examining concerns raised about gold branches of subsidiary

Firm says combined portfolio of the named branches is less than 1% of Spandana's consolidated AUM, will not have a material financial impact

Indian IT Services to hire about 450,000 people in H2FY22: UnearthInsight

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, says study

Oracle to double down on India as key growth market in 2022

India was one of the first few countries where Oracle opened two local, next-generation cloud regions (Mumbai and Hyderabad) in quick succession

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

Premji, the founder chairman of Wipro, increased his donation by nearly a fourth during the pandemic year

Happiest Minds Technologies second quarter profit up 30% to Rs 44 cr

The IT company had posted a net profit of Rs 34.08 crore in the year-ago period

Cognizant expects to make offers to 45,000 new graduates in India in Q4

IT companies like Infosys and Wipro are witnessing high attrition numbers

We're building incentive warchest to curb attrition: Tech Mahindra leaders

In a Q&A, MD-CEO C P Gurnani and marketing head Harshvendra Soin talk about growth drivers, managing supply side constraints and how acquisition is aiding access to key talent

Mid-sized IT firm Virtusa Corp ropes in three new senior leaders

Samir Dhir named CEO-Global Markets and Industries, a new role; Amit Bajoria is new CFO and Ram Meenakshisundaram has been appointed as CTO

Birlasoft second quarter net profit surges 49.2% to Rs 103.1 cr

Revenue from operations grew 18 per cent to Rs 1,011.7 crore

HCL Technologies Q2 profit rises 3.9%, hirings highest in 24 quarters

HCL said its Q2 revenue was Rs 20,655 crore, up 2.9 per cent sequentially, and 11.1 per cent year-on-year