Page 13 - Information Technology

IT catches Covid-19 bug: Sector's outlook takes a hit on demand concerns

Analysts expect top line pressure to reflect from Q4 itself

Customs allows online clearance for moving laptops from STPI units

The Software Technology Parks of India allow for this approval online, but Customs clearance required one to physically take approval.

Analysts see dull growth for Indian IT companies as US combats coronavirus

IT companies earn over 50 per cent of their topline from the US.

Coronavirus scare: IT firms stare at delay in bagging large contracts

According to outsourcing advisory experts, severe restrictions on the mobility of human resources as well as the likely delay in decision making by the clients are seen as the key reasons

We expect markets to remain polarised: Centrum Broking's Nischal Maheshwari

Given the ongoing global risk sentiment, investors are flocking to safe-haven asset classes and avoiding risky EM asset classes, said Maheshwari

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

I-T department approaches 5,627 entities to avail Vivad se Vishwas scheme

Of this, a total 1,730 assessees, involving a tax demand of Rs 1, 578 crore, have agreed to come under the scheme

Canada keen to partner with Bhubaneswar on Smart Cities, IT and education

A first-of-its-kind day-long roadshow 'Brand Canada' by Indo-Canadian Business Chamber and Air Canada reached out to the business and trade community here, showcasing areas of partnership

MP provides legal backing to time-bound clearance to industrial licences

The new law will be applicable to greenfield industrial projects under Information Technology, Tourism, MSME and Industries categories

India's IT giants see product-led growth strategy as next big opportunity

Once seen as pure-play services players, Indian IT firms are slowly building up their own product and platforms in order to better serve their clients

HCL Tech to hike workforce in Lucknow by 50% to 6,000 by March 2021

Firm currently serves 103 global clients from Lucknow centre, of which nearly 70% are US-based

Budget 2020: IT sector for wider use of artificial intelligence in economy

AI is expected to have a huge impact not only in commerce, but also in health, national security, cybersecurity, food security, education and global warming

Igate co-founder Ashok Trivedi bullish on biosciences opportunity for India

"What is happening right now is that emerging biotech companies are getting showered with risk capital," Trivedi said

IT firms working vigorously, investing heavily to scale up product business

TCS, Infosys and HCL Technologies lead the race with huge investments to fuel next phase of growth

How Indian IT can drive global innovation

India is steadily working to become a pool of market-ready talent for the world at large, not just for domestic needs. Its ample intellectual and human capital will help it get there

Global IT spending projected to reach $3.9 trillion in 2020: Gartner

Global IT spending is expected to cross into four trillion dollar territory next year, the research firm said

Sebi asks InvITs to file draft papers 30 days before opening of issue

The draft placement memorandum shall be filed through a Sebi registered merchant banker, the markets watchdog said in a circular

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Large Indian information technology firms may steal a march over global peers to clinch deals

Gadkari praises FASTag for surge in revenue; bats for IT, e-governance

He said positive and development orientated approach, transparency, corruption-free system, fast track decision making process and social and national commitment will lead to good governance.

Mindtree launches Immersive Aurora, set to develop new tech experience

The company is collaborating with global software company PTC to "unleash new possibilities and transform interactions" throughout the customer experience and Industry 4.0 touch points