Infosys today offered to buyback equity shares not exceeding Rs 13,000 crore at a price of Rs 1,150 per share.
Any change in immigration policies by the new US President elect Donald Trump is unlikely to hit HCL Technologies much as 65 percent of its US workforce is local, CFO Anil Chanana told CNBC-TV18.
Mphasis looks to acquire companies that fall in the intersection between digital, risk, compliance and governance, says chief Ganesh Ayyar.
On Friday, HCL Technologies announced it would buy Geometric for Rs 1,237 crore while this morning, private equity firm Blackstone said it would buy majority stake in Mphasis in a deal that may be valued up to Rs 7,071 crore.
The deal is complementary in terms of clients and skill-set, said Manu Parpia, Founder & CEO, Geometric.
The acquisition of 'Strength of Nature' by Godrej Consumer Products will help the firm's international revenues exceed its Indian sales in FY17, says Godrej Group Chairman Adi Godrej.
Speaking to CNBC-TV18, Pankaj Tagra, Head of Nordics Business at HCL Tech says the external business is a fraction of the total internal business, which HCL would be acquiring.
A day before New York Marathon, TCS CEO N Chandrasekaran takes pride in the achievement of the company. He says in order to serve its clients holistically TCS will need to venture into new territories ahead of time, venture into new markets, venture into new industries and venture into new service lines.
CEO Anant Gupta shared the company‘s success with its employees and customer and said that the company will continue to reinvent itself in 2014.
â€œI would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant,â€ said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Som Mittal, President, NASSCOM spoke about IT sector growth trajectory.
While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
Going ahead, product is going to be packaged as part of the service and is going to be offered on a per user per month, per usage basis
Anil Chanana of HCL Technologies said they have not seen any pricing pressure and their realisations continue to be the same.
There has been significant vendor churn in the last months amid global economic uncertainties led by the Euro zone debt crisis, Vineet Nayar, Vice Chairman and CEO of HCL Technologies said on Monday.
After all the bad news from the Europe and US, IT companies finally have something going their way. The sudden depreciation in the rupee will positively impact the revenues of the IT sector.
Turmoil in US and UK markets has largely impacted IT companies that are dependant on their foreign clients. HCL Technologies is one such company that may face difficulties due to the global environment. However, Vineet Nayar, vice chairman and chief executive officer said that the company’s growth outlook remains unchanged.
In an interview to CNBC-TV18, Vineet Nayar, chief executive of HCL Technologies said that bad macro-economic condition in developed world is good for Indian IT industry.
HCL founder Shiv Nadar is all set to kick start the second Shiv Nadar University, a multi-disciplinary university, on the outskirts of the capital in Noida. In an interview with CNBC-TV18, Shiv Nadar, discuss his further plans for the university.
In an interview with CNBC-TV18’s Kritika Saxena, Shiv Nadar from HCL Tech said that they would be go ahead with restructuring if the clients’ need demands it and how do they consider it as an opportunity to adapt.
Phaneesh Murthy, CEO of iGate is upbeat on the deal. In an interview to CNBC-TV18, he said that the first preference is to make both iGate and Patni into a complete integrated one company. However, his first option will be to have an US listing and if not then go for Indian bourses.