E-PaperIt Spend News
Kotak cautious on midcap IT stocks amid stretched valuations; prefers Cyient
Concerns linger due to stretched valuations, particularly impacting the outlook for L&T Tech, KPIT Technologies, Tata Elxsi, and Tata Technologies, said Kotak, but prefers Cyient as it stands out due to its improved business portfolio and relatively more reasonable valuations.
4 min read12 Feb 2024S&P revises TCS outlook to stable from positive on weakening business sentiment
TCS' revenue growth and profitability over the next 12-18 months will be weaker than we earlier anticipated, says the rating agency
2 min read25 Aug 2020Global government IT spending to decline 0.6% in 2020: Gartner
Government IT spending in North America will be the largest globally, reaching $191 billion in 2020, followed by Western Europe at $94 billion and Greater China at $39 billion
1 min read5 Aug 2020Covid-19 Impact: IT spending in India to fall 8% in 2020, says Gartner report
To adhere to the government's guidelines on social distancing, firms will have to spend more on business continuity, remote working and workforce collaboration
1 min read3 Jun 2020FY20 saw remuneration growth for top IT chief executives, barring TCS
Tata Consultancy Services reported a drop in its CEO salary after company executives took a pay cut due to the covid-19 pandemic
2 min read2 Jun 2020CIOs to tweak IT strategies for post covid-19 world: Report
Firms will move away from investing in internal data centres to engaging cloud service providersIn most cases, IT spend in FY21 will comprise basic minimum outlay required to keep businesses running
2 min read20 May 2020Global IT spending to reach $3.8 trillion in 2020: Gartner
The overall IT spending is expected to grow at 2.8 per cent in 2020Spending is moving from saturated segments to cloud services and Internet of Things (IoT) devices, said Gartner
1 min read29 Jan 2019Global IT spending to touch $3.68 trillion this year: Gartner
Global IT spending, at about $3.52 trillion currently, is expected to grow further by 2.7% next year to touch $3.78 trillion, according to research firm Gartner
1 min read16 Jan 2018IT spend by Indian banks, security firms to cross $9 billion: Gartner
IT spending in Indian banking and securities firms is expected to grow by 11.7% to reach $9.1 billion this year, driven by investments in digital payments infrastructure, Gartner said
1 min read13 Nov 2017Infosys says investing heavily in Europe, hiring locals
Infosys says yet to see Brexit impact of IT spending and that it is witnessing a broad-based growth across sectors in Europe
1 min read30 Jul 2017Popular 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