Discretionary Spend

In a call with analysts, Infosys President UB Pravin Rao said he was expecting to witness quarterly volatility in discretionary spends of IT companies. Rao also said he expected challenges in spends from Infosys‘ clients in the telecom, pharma and utilities sector while banking and manufacturing should do well.

Infosys likely turning the corner; up target: JP Morgan

JP Morgan has raised its target price on Infosys to Rs 3,200 from Rs 3,100, maintaining an "overweight" rating, saying the software services exporter is likely "turning the corner" in an improving demand environment.

Tech companies betting big on IT infrastructure services

With discretionary spend going down, Indian technology players are looking at building up capabilities in IT infrastructure services, reports CNBC-TV18's Shreya Roy.

Budget Reactions: Retail sector needs more bold policy steps, says E&Y

The retail sector needs some bold policy steps on more structural issues like infrastructure, funding and capacity building, believes E&Y.

Situation to take time to improve, deal demand strong: TCS

Noose around the IT companies is just getting tighter with almost no solution to the European debt crisis. Companies like TCS and Infosys are trying their best to get the clienteles intact and more deals coming in even in an adverse situation.

Hexaware not to be impacted by IT slump in US

Slowing demand from the western economies and mounting cost pressure could tinker with the margins for domestic companies, experts opine. Atul Nishar, chairman of Hexaware joins CNBC-TV18 to give an outlook of his company performance and show the way forward for Hexaware.

Downgrade bludgeons IT cos but no decline in demand: Expert

Andrew Bartels, Vice President and Principal Analyst at Forrester Research believes the US downgrade will have a significant psychological impact on the global business environment, especially, the IT sector.

TCS beats Infy in Q3; expects 2011 to be better than 2010

In an exclusive interview with CNBC-TV18, the company's board including MD and CEO N Chandrasekhar, CFO S Mahalingam, ED-corporate affairs Phiroz Vandrevala and global head of HR Ajoy Mukherjee, said the business momentum continues to be good.