Even as the larger IT majors are struggling for growth, smaller IT companies are forging ahead and bagging transformational deals in key markets. Mphasis, after the change of ownership last year, has had a blowout first quarter with TCV of $183 mn. In an interview with Moneycontrol, Mphasis CEO Nitin Rakesh expects growth momentum to sustain as they are focused on what clients want.
"There is continuity of a lot of things that involves business, that will really be the focus, especially can we accelerate within that continuity," Rakesh told reporters in response to a question.
Rakesh, who was till recently the chief executive and president of Syntel Inc, has a track record of delivering profitable growth at industry leading operating margins, the company said in a release.
IT services provider Mphasis Limited today announced the appointment of Nitin Rakesh as its Chief Executive Officer and Additional Director on the Board with effect from January 29 2017.
Syntel, Inc. (Nasdaq:SYNT), a global provider of digital transformation, information technology and knowledge process services to Global 2000 ...
Software company Syntel reported a 31 percent decline in its net profit at USD 40 million for the first quarter ended March 31, 2015 on account of sluggish business activity and spending cuts by clients.
He replaces Prashant Ranade who is moving to a higher role as Executive Vice Chairman of the Board of Directors of of Syntel Inc effective April 21.
Nitin Rakesh, President-Americas, Syntel Inc, says that high current account deficit (CAD) figures which recently came out have impacted the sentiments of the markets. Core growth has fallen sharply and it will scare many bullish voices in the market.
Nitin Rakesh, president, Americas - Syntel Inc says that the market is expecting measures to ensure fiscal discipline and the provision of a reform roadmap in the Budget.
Nitin Rakesh, President - Americas, Syntel Inc says the earnings season has been better-than-expected so far. He feels the earnings may have bottomed out last quarter. "We need to see how the rest of the season pans out," he told CNBC-TV18 in an interview.
Though not much is expected from the European Union Summit, it will instill confidence in the market if it manages to deliver. The summit is expected to result in a stimulus package of some 130 billion euros in infrastructure bonds, regional aid funds and European Investment Bank loans.
The Motilal Oswal ETF Conclave 2012 breaks down how we can build portfolios using simple and inexpensive products such as ETFs and index funds. Effectively an advisor can add value in many ways because there are three sources of return in the market.
From a macro perspective, Nitin Rakesh, the chief executive officer of Motilal Oswal Asset Management finds that there are a couple of things that are happening globally.
Nitin Rakesh, CEO, Motilal Oswal Asset Management Company is neutral on Reliance Industries.
As the Indian market is looking firm with expectations of a rate cut uplifting sentiments, investors are building new positions in equities. Experts feel that the market seems to be on a strong foot and may rally further leading to the credit policy review.
Nitin Rakesh, MD & CEO, Motilal Oswal advice investors to stay invested in IT space.
Nitin Rakesh, chief executive office of Motilal Oswal Asset Management Company says, the market is going to drift down further.
Nitin Rakesh, managing director and CEO of Motilal Oswal AMC believes the soon to start fourth quarter earnings season and the RBI April policy will be the next trigger for the market.
The Indian market has to not only deal with global woes, but also domestic problems. Nitin Rakesh, chief executive officer of Motilal Oswal Asset Management Company says, volatility is high. “It has to be fairly bottom-up approach, if we have to survive this volatility.”
The Indian market has to deal with not only global, but also domestic issues, says Nitin Rakesh, chief executive officer of Motilal Oswal Asset Management Company. “Till such time that we have a little more clarity on both, I think the market will continue to stay range-bound,” he adds.
Nitin Rakesh, Motilal Oswal AMC shares his view on ADAG.
Nitin Rakesh, Motilal Oswal AMC shares his view on metal space.
It's a weak start to the October series. The markets saw a volatile session on back of negative European cues. All attempts by the Nifty to cross the 4950 mark failed as it closed 72 points down at 4943. The Sensex too shut in red at 16543 down 244 points.
Nitin Rakesh, chief executive officer, Motilal Oswal Asset Management Company, tells CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee that if the Fed announces the third round of quantitative easing in the Jackson Hole meeting, then it will not be good for the Indian market as commodities will take a big jump.
The global markets mayhem has send the Indian market crashing but a late recovery helps the Nifty defend the 5,200 mark. The global markets haven't seen falls like this since the height of the financial crisis back in 2008-09. Broad-based selling across asset classes wreaked havoc on the sentiment back home too.