Page 7 - It Industry

Trump's temporary ban on immigration visas leaves tech industry miffed

The US press reported that the Trump administration is also weighing several additional changes to legal immigration via regulation

Infosys expects 35% of staff to work from home amid Covid-19 crisis

More than 90 per cent of staffers of most IT services firms are working from home. The companies are in no hurry to bring them back despite the relaxation in lockdown.

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

Contracts to outsourcing: How Covid-19 may disrupt India's IT sector

Cornavirus pandemic likely to push the sector to bring in changes to operating and delivery models.

Muthappa Rai, don of an era whose story was linked with Bengaluru's rise

Rai, 68, died on 15 May, after he lost the battle with cancer.

'Polarised' and 'sell on rally' may define markets' character, say experts

With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast

L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4

Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.

Coronavirus lockdown a blessing in disguise for IT sector, say executives

Companies across the services sectors, including banks, are set to have fewer people work from the offices in the future

Job offers revoked, IIT students find takers in IT and biotech firms

IITs have collectively written to all recruiters asking them to honour their offers

Manufacturers reach out to govt for clarity, tweaks in lockdown norms

The guidelines provided a broad road map for staggered opening up of more industries and factories across the country with stiff restrictions

Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts

Tech firms with niche capabilities are on the radar of IT biggies

HCL does not expect coronavirus outbreak to dent its Q4 numbers much

HCL says its business model is a mix of recurring product revenues, managed services and discretionary spending-led professional services

Indian IT, telecom safe-haven bets amid coronavirus scare: BNP Paribas

Among the Asian economies, the ensuing decline in trade and tourism could impact Thailand, Singapore, Malaysia and Korea the most - in that order, and Indonesia and India the least

Bengaluru highest paying city, IT employees bag highest salaries: Report

Bengaluru had topped the list in 2017 and 2018 Salary Trends report as well

Nasscom opposes US bill S.386, says could have damaging effect

Nasscom Vice-President and Head - Global Trade Development Shivendra Singh said Nasscom strongly supported the removal of the per country caps on green cards as was the original intent of the Bill

Budget 2020: IT firms want 15% corporate tax for services companies in SEZs

The sunset clause for SEZ nearing - March 31, 2020 - and the IT industry has been a big beneficiary of the policy

Tech Mahindra posts Q2 revenue growth of 5.1% at Rs 9,070 cr, PBT down 7.5%

A strong digital growth and new deals, however, helped it clock 5.6 per cent YoY growth in profit after tax (PAT) to Rs 1,124 crore

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters

Ravi Shankar Prasad to talk sector issues with electronic industry CEOs

The meeting comes at a time when India has set its sight on creating a $400 billion (around Rs 28.43 trillion) electronic manufacturing ecosystem by 2025