Page 8 - It Companies
Cyient to acquire Singapore-based Grit Consulting for Rs 284 crore
IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for $37 million in an all-cash deal.
 "Cyient to acquire Singapore-based Grit Consulting for Rs 284 crore")
IT company Cyient to acquire Finland-based Citec for nearly Rs 800 cr
Cyient said that it will be the largest outbound acquisition by an Indian engineering services company and even the company's largest acquisition to date
 "IT company Cyient to acquire Finland-based Citec for nearly Rs 800 cr")
Despite good prospects, valuations concerns may cap upside in L&T Infotech
L&T Infotech's new deal wins and pipeline indicates strong demand environment.
 "Despite good prospects, valuations concerns may cap upside in L&T Infotech")
NITES files complaint against Infosys over employment clause for staffers
NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor
 "NITES files complaint against Infosys over employment clause for staffers")
Market outlook: What will dictate market trend this week?
The Q4 numbers and rising bond yields kept market sentiments subdued last week. Analysts expect the upcoming trading sessions to be volatile for equities as well because of global headwinds
 "Market outlook: What will dictate market trend this week?")
TMS Ep152: IT skills, Elon Musk and Twitter, Markets, Iron Beam
Which IT skills can land lucrative job offers? Will Twitter purchase add to Elon Musk's India troubles? What will dictate market trends this week? What's Iron Beam air-defence system? All answers here
 "TMS Ep152: IT skills, Elon Musk and Twitter, Markets, Iron Beam")
Which IT skills are likely to land you lucrative job offers?
People with skills in AI, cloud etc have been quitting jobs since 2021, giving employers a tough time. Take a look at the skills that are in demand amid the competition between IT firms and start-ups
 "Which IT skills are likely to land you lucrative job offers?")
Operating profit margins of TCS, Infosys decline to two-decade low
TCS & Infosys report average Ebidta margin of 27.6%, down from 30.1% last year
 "Operating profit margins of TCS, Infosys decline to two-decade low")
'Zzzzz … excuse me'
Why India must create new programming languages …
 "'Zzzzz … excuse me'")
Bosch Global Software Technologies to set up new centre in Pune's Balewadi
BGSW plans to ramp up capability in Pune to 1,500 professionals in the first year of its operations and will focus on global projects delivery.
 "Bosch Global Software Technologies to set up new centre in Pune's Balewadi")
Q4 preview: IT companies may beat Ukraine crisis, inflation worries
Analysts believe top-line growth will be driven by broad-based demand
 "Q4 preview: IT companies may beat Ukraine crisis, inflation worries")
IT companies focus on reliable information for Ukraine: Google chief
Information technology companies are focused on providing reliable information and stymying Russian propaganda about the invasion of Ukraine, the CEO of Google and Alphabet Inc. said Tuesday
 "IT companies focus on reliable information for Ukraine: Google chief")
HCL Tech to provide global service desk, on-site support to Novo
IT services company HCL Technologies on Monday said it has been selected to provide global service desk and on-site support to global healthcare company Novo Nordisk
 "HCL Tech to provide global service desk, on-site support to Novo")
TMS Ep134: Zomato delivery, IT majors, markets, hypersonic weapons
Is Zomato's 10-min food delivery a game-changer? What is attracting IT giants to smaller cities? Are the markets pricing in fuel-led inflation? What are hypersonic weapons? All answers here
 "TMS Ep134: Zomato delivery, IT majors, markets, hypersonic weapons")
What is attracting IT giants to smaller cities?
Tech companies are venturing into smaller cities in search of talents. And they are finding many in cities like Coimbatore, Bhubaneswar, Lucknow and Jaipur. What are the reasons for this trend?
 "What is attracting IT giants to smaller cities?")
Equinix to invest over USD 9 million for expansion in Chennai
The parcel of land located in State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Siruseri on the Old Mahabalipuram Road, popularly known as the IT corridor of the city
 "Equinix to invest over USD 9 million for expansion in Chennai")
Accenture Q2FY22 results and what it means for the Indian IT sector
Accenture's order wins, downward revision in Ebit margin, and the evolving Russia-Ukraine conflict need to be closely watched, said analysts
 "Accenture Q2FY22 results and what it means for the Indian IT sector")
Coforge's promoter sells 10% stake in IT firm for Rs 2,560 crore
According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh shares, aggregating to 9.85 per cent stake in the company
 "Coforge's promoter sells 10% stake in IT firm for Rs 2,560 crore")
TCS plans overhaul with aim to double revenue to $50 bn before 2030
The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar
 "TCS plans overhaul with aim to double revenue to $50 bn before 2030")
Info Edge acquires 76% stake in online dating firm Aisle for Rs 91 crore
Aisle had a turnover of Rs 7.56 crore in 2020-21, the filing said
 "Info Edge acquires 76% stake in online dating firm Aisle for Rs 91 crore")
