Page 18 - It Services

Wipro sells entire shareholding in IntSights for $19.17 million

During 2016-19, Wipro acquired minority stake of less than 20 per cent in IntSights

Mindtree surges 9%, hits new high on healthy June quarter results

Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note

Mindtree Q1 net profit rises 61% to Rs 343 cr; revenue up 20%

In dollar terms, Mindtree's revenue grew 7.7% sequentially and profit was up by 7.5%

HCL Technologies bags IT modernisation deal from The Mosaic Company

IT company HCL Technologies on Friday announced the signing of a five-year global agreement to provide digital transformation and managed services to US-based The Mosaic Company.

Top headlines: TCS to hire over 40k freshers; $500 mn more invested in Ola

Business Standard brings you top news of the day

Detect Technologies raises $12mn from Accel, Elevation Capital, others

Industrial AI company Detect Technologies on Wednesday said it has raised USD 12 million (about Rs 89.1 crore) in funding, led by Accel. Existing investors Elevation Capital, Bharat Innovation Fund, BlueHill Capital, and Axilor Ventures also participated, a statement said. Stride Ventures participated as a venture debt partner, it added. The company will utilise the funding to further expand and strengthen its sales and operations teams across India and international markets in North and South America, Singapore, Indonesia, the Middle East, and Europe and to fulfill the accelerating demand for industrial automation, the statement said. Part of the funds will also be deployed for R&D and product innovation to strengthen Detect's lead in industrial AI and the Internet of Things. Detect said its client portfolio has grown to over 45 companies, and its solutions have been implemented in more than 100 individual sites globally. The company has also expanded into six new international

IDBI Intech ropes in UK-based Lemon Advisors for overseas foray

This association will help IDBI Intech access global markets where it aims to leverage the significant reach that Lemon Advisors brings on board, across the geographies in Southeast Asia, Japan, Austr

IT players to telco giants, a clutch of Indian firms gunning for 5G market

A clutch of Indian companies is readying to make products and solutions for state-of-the-art telecom networks in India and abroad

Covid-19 pandemic: Real-time cyber watch by enterprises on the rise

Pandemic has alerted the market to view cybersecurity as a necessary investment, not just an IT project: HCL Tech

Accenture Q3 revenue beats estimates on pandemic-driven demand

More businesses used its digital, cloud and security services to adapt to a hybrid work model in a post-pandemic world.

IT services major Wipro raises $750 million from overseas bond sale

The net proceeds of the notes are intended to be utilised for refinancing existing debt and general corporate purposes.

Non-IT leaders to build most of tech products by 2024, says report

Gartner anticipates that in 2023, $30 billion in revenue will be generated by products and services that did not exist pre-pandemic.

IT major Wipro appoints noted BFSI executive Anup Purohit as CIO

Purohit brings with him 21 years' experience in digital banking and other areas; was earlier with YES Bank, RBL, Barclays and JPMC in leadership roles

Virgin Atlantic partners with TCS to power recovery and transformation

Virgin is one of the UK's leading airlines

Wipro IT Services approves issuance of dollar denominated notes of $750 mn

Wipro IT Services, has approved a proposal for issuing US dollar denominated notes of up to USD 750 million

Tech Mahindra plans acquisition in Europe, hire 250 people in Nordic region

IT company Tech Mahindra is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares

Infosys co-founder SD Shibulal buys firm's shares for fifth time in May

Infosys co-founder S D Shibulal on Monday bought shares worth nearly Rs 93 crore of the firm through an open market transaction.

Leveraging cloud can yield financial gains of $414 bn: Infosys Cloud Radar

A strong profit link was identified when using cloud to rapidly bring new solutions and services to market

TCS on a strong growth trajectory: Chairman N Chandrasekaran to investors

The company said in its annual report for FY21 said that in a highly fragmented global IT services market, it has grown at twice the rate of market growth over the past decade

Wipro to vaccinate 100,000 employees and their dependents starting June

Ties up with top-tier hospitals and tech-enabled online-to-offline delivery platform specialising in primary care and urgent response services