Wipro's move to pause variable pay and defend margins comes amid fears of a possible recession in the US
Balaji Solutions files draft papers with SEBI to raise funds via IPO
Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the macroeconomic environment as "these are things one has to monitor on a constant basis".
More awareness among customers and employees essential to prevent data leakage, the CISO said
The KPIT management reiterated the revenue guidance of 18-21 percent in CC terms for FY23, with an 18-19 percent EBIT margin
At the closing bell, the 30-share BSE benchmark jumped 547.83 points or 0.99 percent to settle at 55,816.32.
A Moneycontrol analysis of 169 companies, which have announced their June quarter earnings and for which data is available for the 25 preceding quarters, shows that aggregate operating profit margin was at 20.83%, the lowest growth since June 2020
The IT major has collaborated with the Infocomm Media Development Authority of Singapore and the hiring plan was in keeping with its commitment to the firm's localisation strategy, Infosys has said
Mphasis's revenue has grown at a 5-year CAGR of 14.5 percent over 2017-22 on the back of direct deal wins, which have grown at a CAGR of 31 percent over the same period, the bulk of them in new-gen businesses
Infosys revised its revenue growth guidance to 14-16 percent from 13-15 percent for FY23.
Minister of state for electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said there has been an increase in both manufacturing and exports of electronic goods in the country in the last five years.
A new rule has been added that applies to employees of IT/ITeS units, employees who are temporarily incapacitated, those who are travelling and those who are working offsite
Information technology, pharmaceutical and textile industries may benefit because they are net exporters. Oil and gas and aviation are some of the sectors which will have a negative impact on the rupee weakness.
India has also taken up with Australia the delay in processing visas for students heading to Australia for higher studies
Under the collaboration, Kyndryl will help Honda Motorcycle and Scooter India (HMSI) elevate its IT and security transformation journey across its manufacturing plants, the company said in a statement.
The acquisition is scheduled to close during the second quarter of 2023 fiscal.
Indian Staffing Federation said the new additions are almost 22 percent more than the year before period, and projected that some of the sectors including fintech, IT and IT-Infra will continue to do well in FY23.
While the Business Transformation Group grew 5.6 percent in the first quarter, Relationship Incubation Group reported over 5 percent growth and the Enterprise Group grew by 17 percent YoY
This assertion from staffing firms and job aggregators also syncs with broader government figures related to merchandise export, GST collections and payroll numbers.
Net Sales are expected to increase by 3.4 percent Q-o-Q (up 15.2 percent Y-o-Y) to Rs. 52,320 crore, according to Motilal Oswal.
Net Sales are expected to increase by 4.4 percent Q-o-Q (up 16.5 percent Y-o-Y) to Rs. 1,230 crore, according to Motilal Oswal.
Attrition continues to be high in sectors like IT (22%), educational services (13.11%), healthcare and pharma (12.25%) and ecommerce (11.04%) .
Hiring sentiment has also witnessed a 7% increase over the last quarter.
Net Sales are expected to increase by 2.8 percent Q-o-Q (up 26.6 percent Y-o-Y) to Rs. 1,190 crore, according to Motilal Oswal.
Net Sales are expected to increase by 5.9 percent Q-o-Q (up 26.2 percent Y-o-Y) to Rs. 1,850 crore, according to Motilal Oswal.