L&T’s takeover of Mindtree got off to a rocky start, but Nalanda Capital tendered its shares in open offer after earlier speaking against the offer, giving a fillip to the engineering major’s plans.
Until the open offer’s results are out, shareholders and institutional investors will have a lot to ponder over
TCS has had the foresight to take on the tumultous changes in the IT industry
Conversely, nine sectors are trading at a premium compared to their long-term averages. They are auto, banks, NBFC, cement, consumer, retail and IT, among others
This is the first time the Jet Airways founder is summoned for alleged irregularities in the company.
Stanford Masters talks to Prince Thomas about Wipro CEO Azim Premji handing over to his son Rishad and what would be the impact.
The IT minister has said that implementation of data protection will be one of the top priorities for the new government
We are of the opinion that the discretionary consumption would bounce back if the monsoon is ‘normal’, liquidity situation eases and stable government is in place, said Arun Thukral of Axis Securities
If the executives earning over Rs 1.02 crore more than doubled last fiscal compared to FY18, the number of executives who earned over Rs 3 crore salary saw significant jump as well.
In all, the infrastructure major is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore.
The fifth part in the series looks at how the bench, which was an important part of a company's hiring strategy, has evolved over years.
In the third of the IT hiring series, we look at the niche skills that are in demand.
In the first part of the hiring series, we look at how IT firms are looking at hackathons and gaming to recruit professionals.
It will be a big boost to entrepreneurs in the country
At 1121 hrs, the Nifty IT index was trading at 16,191.35, down 1.29 percent. All the constituent stocks are trading in the negative, with TCS being the biggest loser, down 2.05 percent
Sanjay Jalona, CEO and Managing Director for L&T Infotech said that apart from digital transformation the company has also seen broad-based growth.
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.
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.
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.
Generally, banking is the most preferred sector with fund managers as they cannot take a bearish call on the banking sector, given the sector’s 31 percent weight in the S&P BSE index
Experts say that employees need to be careful and there is more sensitisation necessary in this regard.
Though the companies are confident of the segment growth in the coming quarters, macroeconomic headwinds and reduction in budget could impact growth.
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.
HCL’s US team has 15,000 employees, 63 percent of whom are locals.
The survey added that US job applicants have better coding skills than Indian and Chinese candidates.