BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape
The US is Taiwan's biggest unofficial ally and is bound by its own laws to provide the island with the means to defend itself
Indian IT services company employs 1,000 people in European nation to serve global clients
Platform will serve financial services, telecom, manufacturing healthcare and other sectors
The development has opened an opportunity for HCLTech and IFS to collaborate and accelerate the adoption of IFS' cutting-edge technologies
According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra
HCLTech Q-Labs, which incubates early-stage research programs, is now a part of the Azure Quantum Network, the ecosystem of quantum innovators and pioneers
Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50
Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking
Indian firm gets US tech giant's highest level of recognition technical innovation in computer networks
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23
Some employees of the American company will transfer to HCLTech and continue providing services
Despite strong performance in Q3, management lowered guidance in services and total revenue growth indicating weak Q4FY23.
Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro scheduled to report earnings on Friday.
Deal pipeline remains strong, may see a moderation in Europe next quarter, says CEO
So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24
HCLTech will drive transformation across Mattel's global technology landscape cutting across applications, infrastructure and information security domains
HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%