Reliance Industries Ltd witnessed a rise of Rs 31,506.3 crore to Rs 9,30,006.19 crore in its valuation
HCL Tech, Wipro have more than 60% of revenue coming from such contracts, while Infosys has more than 50% share
The Pune-headquartered company reported Rs 804 crore in consolidated net profit for the March quarter (Q4FY20), a decline of 29.1 per cent on year-on-year (YoY) basis
Firms drawing higher revenue from software products and platforms have edge over peers
TCS showed marginal rise in their employee count, as Infosys and Wipro witnessed drop in their staff base on sequential basis
The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls
Parekh said that as the situation improves, the company is 'extremely comfortable that we will emerge stronger'
Q4 results also indicate the quantum of pain Infosys is witnessing due to the Covid-19 pandemic
All that happened in the markets today
Trump talked about suspending immigration visas, and the H-1B visa, which is more popular among Indian IT professionals, is a non-immigrant visa
Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, HCL Technologies, Hexaware Technologies, NIIT Technologies and Mindtree were down 1 per cent to 5 per cent on the NSE in intra-day trade
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
Here's a selection of Business Standard opinion pieces of the day
Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business
Firm suspends guidance because of pressure in key geographies
Company abstains from giving annual revenue projections owing to COVID-19 uncertainties, appoints new board member
Today, IT giant Infosys is scheduled to come out with its Q4 numbers and analysts are penciling in a 1 per cent QoQ hit in its revenue growth in constant currency terms for the quarter
"We expect revenues to grow 0.2 per cent quarter-on-quarter (QoQ) in constant currency terms (presuming 1 per cent hit due to Covid-19), said ICICI Securities.
TCS and Wipro have already said they will hold back increments; other companies are likely to follow suit.
Most companies are going to continue to let employees work from home