India is hosting the World Congress on IT for the very first time, in partnership with the NASSCOM leadership forum and it is Hyderabad that's witnessing all the IT action. Over 2,500 delegates from tech companies across the globe will be discussing new age technology and investment into India. From the sidelines of the event, CNBC-TV18's Nithya Balakrishnan caught up with Rishad Premji, the Chief Strategy Officer and member of the board, Wipro.
We are working hard for new customer acquisition. We have added Crompton Greaves Consumer Electrical, Wipro and Bajaj Electricals as customers in last two quarters in lighting vertical. We have added Samsung and Lloyd as our customers in the washing machine segment. In television sector, we have added Flipkart, Atul Lall, MD of Dixon Technologies-India said.
Under the shadow of the year long promoter-management conflict, Vishal Sikka resigns as the Infosys top boss.
CNBC-TV18 is the only TV channel to get access to the newly set-up centre of Wipro in Silicon Valley and Shereen Bhan caught up with CEO Abidali Neemuchwala at this new facility and asked him about the company's plans for alliances and investment strategies in the Silicon Valley.
There are many risks to the IT sector and the company needs to respond primarily to the changing customer needs to stay at the top. He feels the Indian IT industry is quite resilient to shocks and Wipro may emerge successful.
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.
Speaking with CNBC-TV18 on the occasion, Suresh Senapaty, former Executive Director and Chief Financial Officer of Wipro who worked with Premji for 36 years shared his view on how the investor and philanthropist played an important role in development of the IT industry.
The anti-corruption watchdog has said that companies in emerging markets have "pathetic levels of transparency", but Indian companies are better of the lot.
We see discretionary budgets actually cut, maybe flat to reducing a little bit going forward as far as the US is concerned. Europe on the other hand just the opposite, said TK Kurien, CEO, Wipro.
According to V Balakrishnan, the only way Infosys can truly transform itself and achieve higher growth rates is by disrupting its existing model.
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.
Speaking to CNBC-TV18‘s Wipro's new digital head Rajan Kohli said the company will be investing in interaction, integration and insight.
Cognizant CEO Francisco D'souza wants to bolster consultancy and digital business through acquisitions. He says the company has a healthy acquisitions pipeline.
In an interview with Poornima Murli, Suresh Senapaty said the company‘s European business continues to remain under pressure.
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
Wipro‘s outgoing CFO Suresh Senapathy spoke to CNBC-TV18‘s Manasvi Ghelani on the application for bank licences and the challenges he faced.
In an interview to CNBC-TV18, Som Mittal, President, NASSCOM spoke about IT sector growth trajectory.
Som Mittal, President, NASSCOM believes that since the macro economic factors have not changed much since their February forecast, they would not be reviewing the forecast at present.
Yogesh Radke, Head-Quantative Research, Edelweiss Securities, Edelweiss, believes that in the Wipro demerger announcement, converting back its shares into the Wipro Ltd. is the best option.
Out performing some of biggest names in IT, Tata Consultancy Services (TCS) has emerged as the poster boy in the country. N Chandrasekaran, CEO, TCS, has been credited for transforming TCS â€“ India‘s largest IT services company into an even bigger juggernaut.
Som Mittal, president, NASSCOM says he expects IT sector growth in double digits. "We had given a guidance that we will have a growth of 11-14 percent this year. Our review, after six months, is that we will still be in double digits. We will still be in double digits and probably closer to the lower end of our guidance, 11 percent," he adds.
Sudin Apte of Offshore Insights and Partha Iyengar of Gartner discuss, on CNBC-TV18, the change of guard in the IT sector in the backdrop of Infosys declaring results today.
Azim H Premji, Chairman and Managing director of Wipro believes that Europe is plagued by uncertainty and slowdown in growth.
Jatin Dalal, chief financial officer - IT Business, Wipro, in a chat with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, gives his view on how a sharp depreciation in the rupee can impact IT companies.