Speaking to CNBC-TV18 Nasscom President R Chandrashekhar spoke about TCS Chief and MD Natarajan Chandrasekaran‘s elevation to the Tata Sons Board. He said that the move signifies the rising importance of IT in a large multi-sector conglomerate‘s business portfolio.
Some knee-jerk reaction to the new is expected, but no damage over long-term is expected, said Ramesh Damani, member of BSE & NSE adding that “though it will expose dirty linen of Tata Group to public eye.â€
In an interview to CNBC-TV18, R Chandrashekhar, President of NASSCOM said a lot of short-term cues are negatively impacting IT industry.
Macroeconomic conditions across countries are not great and nations need real reforms to spur investor confidence, BCG Chief Executive Richard Lesser told CNBC-TV18. He, however, added that investors across the globe have a lot of confidence that such crucial reforms have started in India.
Indian IT companies need to pivot to the cloud technology to stay ahead of the curve -- that's the advice to the likes of Wipro and Infosys from Adobe's Shantanu Narayen.
The analysts are bearish on the entire IT pack and believe that the sector will underperform in coming quarters. However, industry body Nasscom says that various factors are the reason behind volatility in the sector.
Tata Consultancy Services (TCS) is seeing some sequential loss of momentum in Banking and Financial Services Solution (BFSI) business in US. The company further said it is holding back discretionary spending seen in the segment.
Vineet Nayyar, Executive Vice Chairman of Tech Mahindra feels Brexit cannot be fully blamed for Infosys losing out on the Royal Bank of Scotland (RBS) deal. The only thing that can hit technology right now is better technology, he says.
After Tamil Nadu issued a notification bringing IT sector in Tamil Nadu under the ambit of Industrial Disputes Act, Mindtree Executive Chairman Krishnakumar Natarajan says the sector shouldn't be worried about the development.
On Friday, HCL Technologies announced it would buy Geometric for Rs 1,237 crore while this morning, private equity firm Blackstone said it would buy majority stake in Mphasis in a deal that may be valued up to Rs 7,071 crore.
TCS CEO N Chandrasekaran spoke to CNBC-TV18's Kritika Saxena from the sidelines of the NASSCOM Summit.
FC Kohli, Founder, Tata Consultancy Services defends the company's below-than-expected earnings growth in the last few quarters and says that TCS is not only well positioned to beat global peers but can also beat macro-economic and quarterly volatility.
"Private investment comes when you have infrastructure development," Mitra says in an interview to CNBC-TV18, adding that capital expenditure has risen more than six-fold to Rs 13,325 crore since the time Trinamool Congress came to power in 2011
In an interview to CNBC-TV18, Mitra discussed a whole host of issues: the state's economy, policy and well as the TMC government's stand on contentious issues such as the land bill.
According to V Balakrishnan, the only way Infosys can truly transform itself and achieve higher growth rates is by disrupting its existing model.
Appearing on CNBC-TV18's special edition from Bengaluru, Chairman of Manipal Global Education TV Mohandas Pai says the world has changed since it has got a very stable IT platform.
Speaking to CNBC-TV18 Kailash Lalpuria, ED, Indo Count Industries says that stable cotton prices will be helpful for the company's exports in US and the other developed nation markets like European Economic Communities (EEC), UK, Melbourne, Australia and Canada.
American companies are benefiting from the Indian outsourcing in the IT sector,Sarabjit Kaur Nangra of Angel Broking told CNBC-TV18.
According to Pai, management transformation is the key to success for the IT companies now.
Cognizant CEO Francisco D'souza wants to bolster consultancy and digital business through acquisitions. He says the company has a healthy acquisitions pipeline.
According to R Chandrashekhar, President, Nasscom, digital has been the fastest-growing business for the industry, growing by 15 percent for the past 2-3 years.
In an interview to CNBC-TV18, Thakur says he expect the coming financial year to better than the current one as the US market is recovering
In an interview to CNBC-TV18‘s Kritika Saxena, Chandrasekaran said the company has been seeing growth across markets and will be able to beat 13.1 percent growth guidance for FY15. He feels the government‘s push to digital will boost revenues.
Speaking exclusively to CNBC-TV18‘s Menaka Doshi, N Chandrasekaran, managing director and chief executive officer, Tata Consultancy Services says the company faced a number of headwinds in the form of working days and furloughs in Q3.
Nasscom president R Chandrasekhar says it is very important for the government to take a balanced view on what can be done by the private sector and what is best done by the private sector and leave it to them but there will be areas where the government has to step in to supplement this.