Indian It Firms News
Worst over for Indian IT sector? Here’s what experts say as they pick TCS, Infosys, Birlasoft among 12 IT stocks to buy
Large IT stocks in India, including Infosys and TCS, dropped amid US economic slowdown concerns. While some experts predict recovery driven by digital transformation and potential Fed rate cuts, cautious client spending remains a significant challenge for the sector.
6 min read4 Sep 2024IT firms let go of employees on bench for over two months to cut costs
Software services providers HCLTech, Cognizant, Tech Mahindra Ltd, Infosys Ltd, and Wipro are reviewing their bench policy amid slowing client demand.
3 min read28 Aug 2024BPO firms attract top talent from IT services companies in search of greener pastures
BPO companies looking to scale up their operations have been able to lure top executives from IT giants such as TCS, Infosys and Tech Mahindra
3 min read26 Jun 2024IT firms must renew efforts to boost women’s representation, experts say
The share of women in the industry has been flat over the past year, according to a Mint analysis, and experts say the ongoing push to bring employees back to offices will increase the number of women dropouts.
3 min read9 May 2024Telcos hanging up on tech spending will hurt IT firms
After a 3% decline in annual telecom revenue in FY24, India’s top five IT services firms, which earn a tenth of their net revenue from telecom clients, could see revenue from this sector drop another 5% in FY25.
4 min read9 May 2024IT sector outlook: Worst may not be over; Nirmal Bang sees earnings downside risk for FY25-26
Indian IT services sector faces challenges due to low demand, economic slowdown, and US interest rates. Uncertainty post US elections may worsen the situation, leading to downside risks for earnings in FY25 and FY26, according to Nirmal Bang Equities.
3 min read11 Mar 2024Which Indian IT firms are hiring amid layoffs? TCS, Wipro, Infosys, HCL, Tech Mahindra among them
As per a report of Naukri Jobspeak, at an overall level, hiring activity rises sequentially by 9% in February 2023, which is slightly higher than the pre-covid growth rate of 7%.The IT sector recorded 10% rise in hiring during February month.
5 min read1 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared