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Ravi Menon's term as managing director of MAS was due to end at the end of the month.
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Ravi Menon has been at the helm of the MAS since 2011 and his current term ends May 31. Chia Der Jiun, one of his former deputies, is tipped to be his successor, the people said, declining to be identified discussing a private matter.
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Tata Consultancy Services on Monday said its attrition rate in the July-September period had jumped to 21.5 percent versus 19.70 percent quarter-on-quarter.
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India's largest software company confirmed this morning that it would consider doing a buyback on February 20.
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Information technology industry body NASSCOM today cut growth guidance for the industry to 8-10 percent in constant currency terms from 10-12 percent. CNBC-TV18 had first reported the possibility of such a cut on November 4.
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While the numbers have been in line with expectation, it has to be seen whether growth has come from outside telecom or not, said Ravi Menon of Elara Capital.
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In an interview to CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara Capital spoke about the results and his outlook for the company.
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HSBC Global Asset Management is planning to launch retirement and pension fund in the country by early next year, a top company official said.
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Speaking to CNBC-TV18, Ravi Menon of Elara Capital outlined his investment picks from the sector.
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Ravi Menon of Elara Capital, in an interview to CNBC-TV18, said there is some uptick in capex in the energy space which might provide some fillip to Wipro's IT business in the coming years. However, for now this vertical will prove to be a drag.
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While growth in northern market has been tepid, southern markets have been growing phenomenally, says Ravi Menon, CEO of Agri Machinery, Escorts.
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Sarabjit Kour Nangra of Angel Broking said that she was disappointed with the guidance number as Wipro has made a few acquisitions and sees a sharp down trend in its stock on Thursday.
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Rahul Jain of Systematix Shares and Stocks pointed out that contribution from the digital segment has seen good improvement, adding, he expects this segment to provide reasonable incremental revenue going forward.
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HSBC has appointed Ravi Menon as the chief executive of its asset management arm in the country, after the elevation of Puneet Chaddha as business head for South East Asia.
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Currently every year a maximum of 85,000 H-1B visas can be issued including 20,000 for those who completed higher education in science, technology, engineering and math (STEM).
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Ravi Menon, Analyst-IT Services at Elara prefers HCL Tech and Infosys over TCS and advises buying Cyient.
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Ravi Menon, Analyst-IT Services, Elara Capital expects TCS to deliver 4.2 percent as constant currency growth and 3.9 percent in dollar terms in Q2.
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Experts feel investors should be comforted as far as margin pressure is concerned over the medium term, especially with the cash outflow that they are looking at.
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In an interview to CNBC-TV18, Ravi Menon, AVP - IT, Centrum Broking, Vibhor Singhal, IT Analyst, Phillip Capital and Sarabjit Kaur Nangra, VP - Research Pharma, Angel Broking spoke about Wipro‘s financial performance in the quarter gone by and the road ahead.
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In an interview to CNBC-TV18, Ravi Menon, I-T Analyst at Centrum Broking, discusses the the deal pipeline of the IT companies and how the sector is poised to move going ahead.
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Ankita Somani, IT Analyst, Angel Broking does not think TCS has surprised in the positive. Margins as well as dollar revenues came in below expectation.
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Ravi Menon, IT Analyst at Centrum Broking feels that Tata Consultancy Services (TCS) may add 15-16 percent from current level.
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Ravi Menon, IT Analyst at Centrum Broking is of the view that eClerx Services may test Rs 1260.
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According to Ravi Menon, IT Analyst at Centrum Broking, HCL Technologies may touch Rs 1540. "We expect possible rerating as infrastructure services is not margin dilutive and it is not asset heavy," he reasoned.
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Ravi Menon, IT Analyst at Centrum Broking is of the view that one may sell Infosys. "For FY15 we expect Infosys to underperform peer groups in terms of revenue growth," he reasoned.
