India's IT Sector

German Chancellor Olaf Scholz said on Sunday that his government wants to make it easier for information technology experts from India to obtain work visas in Germany as the country struggles with a shortage of skilled labour. Scholz said improving the legal framework so Germany becomes more attractive for software developers and those with IT development skills is a priority for his government this year. "We want to make the issuing of visas easier," he told reporters during a visit to India's high-tech hub of Bengaluru. "Aside from the legal modernisation we want to modernise the entire bureaucratic process as well, Scholz said. Asked about workers who don't speak the language when they come to Germany, he said it should not be seen as a hurdle if people arrive in the country speaking English first and then acquire German later on. Scholz was speaking on the second day of his trip to India, after meeting Saturday with Prime Minister Narendra Modi to discuss the fallout from the

But valuations have turned attractive after sharp corrections since January

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Employees will need prior permission; no-tolerance policy will be followed if they hide, he adds

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties

In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting

Only 9% of managers say hybrid work model gives them confidence that employees are productive

BENGALURU (Reuters) -India's Wipro Ltd on Wednesday forecast higher revenue growth from IT services on the back of a strong project pipeline, and said margins likely bottomed out after higher expenses dented June-quarter profit.

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Most analysts forecast a nearly 20 per cent year-on-year (YoY) jump in Infosys' revenue during the second quarter of the financial year 2021-22 (Q2FY22)

Work-from-home and increased local hiring should help mitigate its impact

Firms drawing higher revenue from software products and platforms have edge over peers

The state government is keen to rope in IT and BPO (Business Process Outsourcing) firms who are keen to expand footprint but mindful of the costs of organic growth

The growth will be at par with the 9.1 percent growth achieved by the sector in FY19, according to industry lobby Nasscom

Aided by currency movements, operational efficiency and automation, IT companies are expected to report improvements in EBIT margins in the January-March quarter of FY18

V Balakrishnan said Indian cos' ability to grab growth opportunities is critical

The technology industry in the country started as a services business to handle outsourced work from Western organizations