BUSINESS
The concerns of sellers on Amazon India
A few have claimed Amazon India does not provide its sellers a level playing field.
BUSINESS
L&T Technology Services Q4 earnings sees largest ever growth in FY19
However the company has given revenue guidance of 14-16 percent for FY20, less compared to the 24 percent the company had given for FY19.
BUSINESS
L&T Infotech bets big on digital opportunities to drive growth, says CEO
Sanjay Jalona, CEO and Managing Director for L&T Infotech said that apart from digital transformation the company has also seen broad-based growth.
BUSINESS
The questions over L&T's open offer for Mindtree continue
Even as the time for the recommendation draws close, corporate governance experts have raised questions about the legality of the move. Mindtree said it has asked for clarification from Securities and Exchanges Board of India (SEBI) on the legality of such offer.
BUSINESS
Netgear to start manufacturing in India by 2020
Netgear manufactures networking hardware such as routers for business enterprises and high-end consumers segment.
BUSINESS
Indian IT companies look at Mexico to overcome H-1B visa issue in US
H-1B is the US work visa provided to skilled immigrant work force. Indian IT firms were one of the biggest beneficiaries of the visa for decades before the Trump administration tightened the H-1B visa regulations since 2017 resulting in increased rejection rate and hundreds of Indian techies returning home.
BUSINESS
This week in IT: Despite data driving brilliant growth, privacy is critical
Given the recent instances of privacy breaches, it is hardly a wonder why it is so important. In December 2018, reports that Amazon’s Alexa eavesdropped on a conversation, recorded it and sent it to a friend came to light. Tech giant Google has been fined $5.1 billion by the European Union for abusing its power in the mobile phone market.
BUSINESS
LTTS confident of reaching its 24% revenue guidance, says CEO
Keshab Panda, CEO, LTTS, in an interaction with Moneycontrol on the sidelines of a technology conference on April 26, said the transportation and telecom sector is the fastest growing for the company and is a key driver for growth given that there are huge investment happening in this area.
BUSINESS
Analytics the future for Mindtree to go beyond digital: Rostow Ravanan
For the company, one of the first movers in shifting towards digital, as it accounts for about 50 percent of the total revenue. Ravanan said the vision is to get to the next $1 billion much faster and going beyond digital.
BUSINESS
As revenue from BFS falls, Hexaware expects other verticals to drive growth
The BFS segment accounts for about 40.8 percent of total revenue. In the quarter ended March 31, earnings from BFS dropped 2.11 percent sequentially to Rs 516.2 crore.
BUSINESS
IT hiring picks up; domestic demand and startups key drivers
IT hiring has accelerated in the last six months growing at the rate of 30 percent, according to a report by job search portal Naukri.com.
BUSINESS
H-1B petitions rise reflects renewed interest in US, but rejection rate stays high
Based on the data by the RedBus2US.com, H-1B petitions saw a peak in FY2017 at 2.36 lakh for the cap of H-1B cap of 85,000. After the peak, the numbers dipped in the last two years as the Trump administration tightened the visa regulation. This includes increased scrutinisation of H-1B visa, request for additional documentation and rising rejections.
BUSINESS
Cyberattacks on IT majors emphasise the need for better employee awareness
Experts say that employees need to be careful and there is more sensitisation necessary in this regard.
BUSINESS
Sluggishness in BFSI sector may continue: Experts
Though the companies are confident of the segment growth in the coming quarters, macroeconomic headwinds and reduction in budget could impact growth.
BUSINESS
Will Mindtree's special dividend make L&T up its open offer price of Rs 980/share?
Amit Tandon, Managing Director, Institutional Investor Advisory Services, pointed out that there is nothing illegal about the dividend declared by the company and is in line with corporate governance. But in the light of special dividend of Rs 20, there here is a feasibility to revise the pricing by L&T.
POLITICS
Lok Sabha polls 2019 | A similar tale of distress and apathy plays out in these two towns in Karnataka
While Ramanagara is the silk city, Channapatna is the land of toys. Both are part of the Bengaluru Rural constituency.
POLITICS
In Karnataka, this once prosperous sugarcane district is now counting its dead
There are five sugar mills in Mandya district that owe farmers Rs 140 crore as of April 1, 2019. Of the five mills, two are run by the government
BUSINESS
Questions remain over Mindtree’s announcement of special dividend amid L&T takeover bid
JN Gupta, former Executive Director, Securities and Exchanges Board of India, and Co-founder & Managing Director, Stakeholders Empowerment Services (SES), said that it is well within the regulations for the company to declare an interim and special dividend.
POLITICS
Cash, caste and cinema define Mandya as contest between the Gowda heir and yesteryear actor Sumalatha heats up
The locals have not taken well the dynasty politics of the Gowda family. Combine this with the disappointment the locals harbour for the JD(S)-Congress government, the district might vote for change.
BUSINESS
This week in IT: TCS bullish on FY20 but Infosys cautious, cuts its revenue guidance
The performance by the companies were better than market estimates at revenue growth of 11.4 percent and 9 percent for TCS and Infosys respectively. For TCS it is the strongest revenue growth in the last 15 quarters.
BUSINESS
PayU acquires digital payments security firm Wibmo for $70 million
The partnership will focus on accelerating its credit business in India and offline digital payment space. However Wibmo will continue to operate and serve all of its clients as a wholly-owned subsidiary of PayU.
POLITICS
Will young and articulate BJP candidate Tejasvi Surya make the cut?
His electoral speeches have not garnered much appreciation. His answer to most questions on jobs and development was re-electing PM Modi
BUSINESS
NIIT Technologies' likely merger with Hexaware could benefit both, say experts
Baring has a majority stake in Mumbai-based mid-cap IT company Hexaware and experts believe Baring could consider merging it with its latest acquisition NIIT.
BUSINESS
Companies want to use consumer data, but how far will they go for privacy protection?
According to a report, the data created by the Internet of Things devices is a huge source of the 2.5 quintillion bytes of data we create every day.
