Page 19 - It Services

Indian IT firms to take a hit as Trump extends H-1B visa, green card freeze

The freeze on various categories of work visas was ordered by Trump through two proclamations on April 22 and June 22 last year.

IT hiring to grow 10-12% in 2021 as global purse strings loosen: TeamLease

Growth to be led by demand for contractual staff, advanced technology skills

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

PNB completes IT integration of all branches of two merged entities

State-owned Punjab National Bank (PNB) on Monday said it has completed IT integration of all branches of erstwhile United Bank of India with itself.

Large IT outsourcing contracts back on the market as clients optimise cost

In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

Wipro's Rs 9,500-crore share buyback offer to open on December 29

IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021.

Recent multiple deal wins point to improved outlook for L&T Technology

Analysts have revised their growth guidance for FY22

Infosys may roll out hybrid work model for employees starting next year

Such a setup would allow more women to become a part of workforce, says company

HCL Tech to hire over 3,000 people in 3 years in Hanoi, Vietnam

HCL Technologies began its business operations in Vietnam in July this year

Hired more than 7,000 employees in UK in last five years, says TCS

Women make up 28 per cent of employees, much higher than the 17 per cent average in the UK IT sector.

Sebi's proposed delisting norms to boost re-listings, say experts

Companies particularly in IT space could look re-enter the market given attractive valuations for stocks in the sector

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

F C Kohli, the man who made Indian IT go places, passes away at 96

Kohli believed that though the software industry will continue to do well, it is the local language computing that needs attention

India's IT, business services market to hit $13 billion by December: IDC

The segment grew 5.3 per cent year-on-year (y-o-y) in January-June (H1) 2020 period as compared to 8.9 per cent growth in H1 2019, IDC said

Wipro sets December 11 as record date for Rs 9,500 cr share buyback plan

Its Board of Directors and shareholders have already approved its proposal to buyback up to 23,75,00,000 equity shares of the company at Rs 400 per share

Wipro shareholders approve up to Rs 9,500-cr buyback plan at Rs 400/share

IT services major Wipro on Tuesday said its shareholders have approved its up to Rs 9,500 crore share buyback plan. Wipro's board of directors had last month approved a buyback proposal for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. "...resolution (special resolution seeking approval for buyback of equity shares) has been passed by members through postal ballot by remote e-voting process with requisite majority," the company said in a regulatory filing on Tuesday. The voting, which started on October 18 and ended on November 16, saw 99.78 per cent of the votes being cast in favour of the buyback offer. There was 100 per cent voting in favour of the proposal by the promoters, 98.73 per cent by public institutional shareholders and 98.49 per cent by public non-institutional shareholders. Wipro's larger rival Tata Consultancy Services (TCS) has also proposed a mega Rs 16,000-crore buyback plan at Rs 3,000 per equ

Wipro rejigs structure, operating model under new CEO to broad base growth

The company to have four strategic market units and two business lines

HCL Corp sells HCL Tech shares worth Rs 390 cr to another promoter entity

According to block deal data available on the BSE, HCL Corporation sold a total of 45,85,000 shares of HCL Technologies at an average price of Rs 852 per share.

TCS to acquire 100% shares of Postbank Systems from Deutsche Bank

India's largest IT services firm Tata Consultancy Services (TCS) on Monday said it will acquire 100 per cent shares of Postbank Systems AG (PBS) from Deutsche Bank AG.

Relaxation of WFH norms will create jobs in small towns, says industry

Unlike the IT-services industries, the transition into WFH was not smooth for the ITeS sector.