Tech Mahindra's communication services business is showing recovery and growth, says Tech Mahindra, Chief Executive Officer CP Gurnani. He adds that he continues to remain bullish on the vertical.brexit impact temporary co; benefi...
23 Sep 2016, 12.10 pm | Source: CNBC-TV18
In a filing to the BSE, FTIL said: "The company has received a provisional attachment Order from the Directorate of Enforcement, Mumbai, attaching mutual funds amounting to Rs 306.70 crores." The company is taking appropriate step...
22 Sep 2016, 2.58 pm | Source: PTI
The company last June 30 acquired a 'significant portion' in Mphasis' BPO business for Rs 17 crore.
21 Sep 2016, 9.02 am | Source: PTI
The exodus at Infosys continues with its Executive Vice-president and Global Head of Consulting Sanjay Purohit being the latest to quit the company.
19 Sep 2016, 9.31 pm | Source: CNBC-TV18
Infosys may slash its revenue guidance for the second time this fiscal, stung by "risks" like challenges in the banking and financial services sector and cancellation of projects.
19 Sep 2016, 8.33 am | Source: CNBC-TV18
While announcing its first quarter earnings, Infosys had slashed its annual sales growth guidance to 10.8-12.3 percent in US dollar terms for 2016-17, down from the previous forecast of 11.8-13.8 percent.
16 Sep 2016, 10.02 am | Source: PTI
At a JPMorgan conference, Infosys CEO Vishal Sikka talked about the company's outlook on the second quarter, and what the company is doing to cut costs, introduce more automation and improve design thinking.
15 Sep 2016, 5.41 pm | Source: CNBC-TV18
In an interview with CNBC-TV18, KK Singh, CMD of Rolta said that the company has been consciously cutting down software work to focus on its IP business and does not expect more erosion of revenue due to pruning of system integrat...
15 Sep 2016, 1.47 pm | Source: CNBC-TV18
Infosys, which has signed an agreement to provide engineering services to thermoelectric power plants producer Ansaldo Energia, will support the entity through the development centres in Karlovac, Croatia and Moscow, Russia.
15 Sep 2016, 9.08 am | Source: PTI
Indian IT companies need to pivot to the cloud technology to stay ahead of the curve -- that's the advice to the likes of Wipro and Infosys from Adobe's Shantanu Narayen.
14 Sep 2016, 9.37 pm | Source: CNBC-TV18
In this episode of HSBC Making It Big Season 7, CNBC-TV18’s AB Ravi spoke to Anand Deshpande, CMD at Persistent Systems and Sandeep Uppal, MD and Head, Commercial Banking at HSBC India where they spoke about how Persistent Syste...
13 Sep 2016, 5.34 pm | Source: CNBC-TV18
The Bengaluru-based company has also tied up with Israel- based IntSights Cyber Intelligence to bolster and expand its 'Threat Intelligence as-a-Service' offering.
12 Sep 2016, 7.18 pm | Source: PTI
Four of the 10 most valued Indian companies together lost Rs 40,779.97 crore in market valuation last week, led by IT major TCS.
11 Sep 2016, 11.20 am | Source: PTI
Speaking to CNBC-TV18 Vineet Nayyar, Executive Vice Chairman of Tech Mahindra said that lower orders for IT companies in India were not because of economic slowdown but was because of tech disruptions like cloud computing. “The ...
09 Sep 2016, 9.00 am | Source: CNBC-TV18
Financial Technologies India Ltd (FTIL) today reported a net profit of Rs 12.36 crore for the quarter ended June.
08 Sep 2016, 8.46 pm | Source: PTI
Industry analysts believe that the Brexit in Europe and macro-economic issues in the United States will continue to weigh on Indian IT companies.
08 Sep 2016, 11.35 am | Source: Moneycontrol.com
The analysts are bearish on the entire IT pack and believe that the sector will underperform in coming quarters. However, industry body Nasscom says that various factors are the reason behind volatility in the sector.
08 Sep 2016, 10.35 am | Source: CNBC-TV18
No financial details of the deal were disclosed. The Wipro-enabled back-bone of IT infrastructure services will enable NSB to achieve greater flexibility, scalability, cost efficiency and offer an enhanced end-user experience, it ...
08 Sep 2016, 9.42 am | Source: PTI
Tata Consultancy Services (TCS) is seeing some sequential loss of momentum in Banking and Financial Services Solution (BFSI) business in US. The company further said it is holding back discretionary spending seen in the segment. ...
08 Sep 2016, 8.40 am | Source: CNBC-TV18
Alleging that Employees' State Insurance Corporation (ESIC) has withheld certain payments due to it in an "ad-hoc and arbitrary manner", IT services provider Wipro today said it will seek legal recourse if the issue is not resolve...
07 Sep 2016, 8.00 pm | Source: PTI
n a tepid debut two months back, L&T Infotech listed 6 percent below its listing price of Rs 710. It closed up 1 percent yesterday at Rs 652.10 on the BSE against a Sensex rally of over 1.6 percent.
07 Sep 2016, 7.38 pm | Source: PTI
The move will help the online eyewear retailer gain from Premji Invest's extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal told PTI.
07 Sep 2016, 9.12 am | Source: PTI
Late last month, HCL Technologies Board had approved a proposal to confine the India system integration business and not integrate the unit with HCL Comnet.
07 Sep 2016, 8.54 am | Source: PTI
Mindtree's recent revenue warning for the September quarter is indicative of a "difficult" FY2016-17 for the Indian IT sector, analysts said today.
06 Sep 2016, 9.30 pm | Source: PTI
"Europe is beginning to look better. Brexit has hurt the UK. America... we have to see what happens. Some industries are going quiet. So, we need some time, it's too premature to say anything. In 30 days, we will have a clear pict...
06 Sep 2016, 3.48 pm | Source: PTI
Infosys will hold 70 percent interest in the joint venture while SPC will have the remaining 30 percent, the company said in a regulatory filing.
03 Sep 2016, 12.58 pm | Source: PTI
Mindtree has cut its second quarter guidance. Speaking to CNBC-TV18, Rostow Ravanan, MD & CEO, Mindtree said that margins will be lower than planned. However, he did say that the confidence in its clients is strong.
02 Sep 2016, 8.18 pm | Source: CNBC-TV18
Tata Consultancy Services today announced that it has developed an innovative digital solution along with General Electric to revolutionise gas turbine manufacturing which could save significant time and costs in the manufacturing...
30 Aug 2016, 8.52 pm | Source: PTI
Country's second largest software services firm Infosys is creating smaller business units, headed by a new line of leaders, as part of its efforts to improve market penetration and client management.
30 Aug 2016, 8.48 pm | Source: PTI
Tata group firms such as Tata Sons, TCS and JLR have signed agreements with the world's leading academic institutions, including Harvard University, to fund research and development opportunities.
29 Aug 2016, 6.36 pm | Source: PTI