Page 11 - It Companies
VVDN gets approval under PLI Scheme for IT hardware manufacturing
VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...
 "VVDN gets approval under PLI Scheme for IT hardware manufacturing")
Strong deal pipeline may boost Q1 show of IT companies: Analysts
Margins will be a concern with salary hikes and attrition taking centre-stage
 "Strong deal pipeline may boost Q1 show of IT companies: Analysts")
IT, financial players most ESG compliant; Infosys tops CRISIL rankings
Infosys tops the list, with a score of 79 on 100, while among the financial sector players, Kotak Mahindra Bank has a score of 75
 "IT, financial players most ESG compliant; Infosys tops CRISIL rankings")
Wipro IT Services to issue $750 mn dollar denominated notes on Jun 23
Wipro IT Services will issue US dollar-denominated notes worth $750 million on June 23
 "Wipro IT Services to issue $750 mn dollar denominated notes on Jun 23")
'Time for compassion': Indian tech firms help young workers in Covid trauma
Firms are trying to figure out how to address the mental-health fallout for a generation of employees.
 "'Time for compassion': Indian tech firms help young workers in Covid trauma")
Global tax, local complexities: What G7 corporate tax deal means for India
The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities
 "Global tax, local complexities: What G7 corporate tax deal means for India")
Telangana's IT exports grew by 13% despite coronavirus pandemic
The state's IT exports crossed Rs 1.45 trillion during 2020-21.
 "Telangana's IT exports grew by 13% despite coronavirus pandemic")
IT firm Wipro sells entire stake in Denim Group for $22.4 million
IT company Wipro on Wednesday said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).
 "IT firm Wipro sells entire stake in Denim Group for $22.4 million")
K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs
IT company K2V2 Technologies expects its newly-launched SME-focused CRM software Kylas to break-even in six months and touch annual revenue rate of Rs 70 crore in the third year of operation.
 "K2V2 Tech expects Kylas CRM software to be Rs 70 cr revenue rate in 3 yrs")
Capgemini announces Covid-19 vaccination drive for its 125,000 employees
Capgemini said it's working with Aditya Birla, Reliance, Apollo, MGM and Rainbow to facilitate the vaccination drives.
 "Capgemini announces Covid-19 vaccination drive for its 125,000 employees")
High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%
Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out
 "High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%")
Valuation of India's top IT companies way above earnings growth trend
Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21
 "Valuation of India's top IT companies way above earnings growth trend")
Sify's Q4 net profit jumps over 6-fold to Rs 90 cr due to digital changes
IT company Sify Technologies posted over a six-fold jump in profit at Rs 90.4 crore for the March ended quarter due to rapid digital transformation of business amid COVID-19 pandemic.
 "Sify's Q4 net profit jumps over 6-fold to Rs 90 cr due to digital changes")
IT giant Infosys to hire 1,000 workers in UK over the next 3 years
The firm said this is part of efforts to support the country's economic recovery and growth.
 "IT giant Infosys to hire 1,000 workers in UK over the next 3 years")
Our deal pipeline at present is the best in last few years: Tech Mahindra
The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace
 "Our deal pipeline at present is the best in last few years: Tech Mahindra")
The start, not the end, of Unicorn seeding
Conditions are ripe in a broad range of sectors for strong growth and innovation
Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million
The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020
 "Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million")
Despite some slowdown, the outlook for IT firms appears reasonable
Weak rupee, recovery in US, lower valuations and domestic market volatility are tailwinds
 "Despite some slowdown, the outlook for IT firms appears reasonable")
With attrition back, top IT players head to the campus for hiring
Employee exits could well impact their double-digit growth plans. Going by the commentary the top three IT services will hire over 75,000 campus freshers for FY22
 "With attrition back, top IT players head to the campus for hiring")
Growth back to double digits, TCS sets eyes on global consulting business
IT players have preferred to enter consulting through acquisition, but TCS will build this organically
 "Growth back to double digits, TCS sets eyes on global consulting business")
