Page 15 - Information Technology
Decline in global client spending may put Indian IT sector under stress
Though global IT services spending is likely to cross the $1-trillion mark to reach $1.031 trillion, growth rate will slow to 3.8% in 2019, compared to 6.7% last year according to reports
 "Decline in global client spending may put Indian IT sector under stress")
Street prefers large-cap information technology firms over mid-tier peers
Better cost management, execution have led to higher multiples for tech majors
 "Street prefers large-cap information technology firms over mid-tier peers")
IT midcaps tap into transformational deals, digital play drives higher TCV
However, billion dollar deals still continue to be a preserve of large caps like TCS and Infosys
 "IT midcaps tap into transformational deals, digital play drives higher TCV")
Experts' group asks govt to withdraw changes in intermediary guidelines
The coalition asked the government to withdraw the draft amendments proposed to the Information Technology (Intermediary Guidelines) Rules
 "Experts' group asks govt to withdraw changes in intermediary guidelines")
Effective regulation
Rules for social media platforms must be thought through
 "Effective regulation")
IT sector, startups expected to hire 500,000 people in 2019: Mohandas Pai
The year 2019 is going to be better for entry-level guys because hiring is going to be much better, said Pai
 "IT sector, startups expected to hire 500,000 people in 2019: Mohandas Pai")
Information technology companies slam brakes on fresh investment
Top companies have reported a decline in assets for the first time in many years
 "Information technology companies slam brakes on fresh investment")
Growth uptick, multiple tailwinds to prop up information technology sector
Weak rupee, expectations of higher IT spending by US clients and undemanding valuations keep frontline stocks in demand
 "Growth uptick, multiple tailwinds to prop up information technology sector")
Around 20 phone makers respond to govt's directive on theft of user data
Govt is taking all required steps to make sure that the cyber ecosystem is secure, says Ajay Kumar
 "Around 20 phone makers respond to govt's directive on theft of user data")
IT firms eye new markets in Japan, China, Germany
Stricter regulations in US forces industry to look at these countries with a market size of $300 bn
 "IT firms eye new markets in Japan, China, Germany")
India's IT story isn't over yet: Future lies in mastering machine learning
It is capable of rediscovering its mojo and finding a way back to growth trajectories
 "India's IT story isn't over yet: Future lies in mastering machine learning")
PE less than 16 is attractive
Unless the growth prospects are truly exceptional, avoid paying a higher discount
A survival guide on how to beat the looming job crisis
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills
 "A survival guide on how to beat the looming job crisis")
Captives cut outsourcing to Indian IT to solve digital challenges inhouse
India is witnessing captives cut outsourcing to Indian outsourcing vendors and move work in house as they work on emerging areas such as artificial intelligence, cloud and digital technologies.The focus to move work inshore comes at a time when global firms are investing on digital technologies and automation and even outsourcing companies are struggling with the shift. One-fourth of the 300 odd captives on pure engineering and engineering design set up across the world in the last 12 months were in India."The number of captives on pure technology services, especially on digital technologies like Artificial Intelligence, are growing too," said Pareekh Jain of HfS Research India. James R Fowler, CIO, General Electric, CIO, recently said 70 per cent of the services were outsourced before he took over the responsibility as chief information officer. He decided to make it 50 per cent. "We made a decision for 50:50, and there is still a role for contractors to play, business partners to ..
 "Captives cut outsourcing to Indian IT to solve digital challenges inhouse")
IT may prove to be the dark horse in 2017
Firms have levers to cushion impact of stricter US visa norms
 "IT may prove to be the dark horse in 2017")
AI dominates: Indian IT stares at talent shortage in digital, cloud skills
As clients seek cloud-based and other digital tech services, firms need to train work force faster
Domestic IT spend to grow 13% to Rs 2.14 lakh crore this year
The performance in 2016 has been below the estimates given the delays in the GST implementation
 "Domestic IT spend to grow 13% to Rs 2.14 lakh crore this year")
IT shares gain; Nifty IT index up over 1%
TCS, Infosys, HCL Technologies, KPIT Techno, Tech Mahindra and Tata Elxsi were up 1%-3% on the NSE
 "IT shares gain; Nifty IT index up over 1%")
Mid, small IT stocks extend gains; rally unlikely to sustain, say experts
Experts believe this could be a speculative rally and may not sustain for long
 "Mid, small IT stocks extend gains; rally unlikely to sustain, say experts")
Mid, small IT stocks rally; Intellect Design, Tanla Solutions soar 20%
Smartlink Network, Trigen Technologies, D-Link, Aurionpro Solutions, Allied Digital and Polaris were up 10%-20%
 "Mid, small IT stocks rally; Intellect Design, Tanla Solutions soar 20%")
