Page 13 - It Sector

Indian tech services can touch revenues of $300-350 bn in next 5 years

According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade

Up 1,262% in a year, this IT stock has now scaled fresh record high

Intellect Design Arena today announced that it has bagged a large deal from Concentra Bank to power its exciting new digital banking strategy.

Cognizant launches program for techies looking to restart careers

Cognizant Returnship Program: It is focused on providing returners with a supportive environment and access to training, upskilling, mentorship and other resources

GST technical glitches behind input tax credit frauds: CAG report

CAG recommended fixing a definite time frame for rolling out simplified GST return forms

Two VC firms form SPAC in US, will seek Indian startups planning IPOs

VC investors Ravi Adusumalli and Shashin Shah will lead the SPAC

About 200,000 jobs added in IT sector since 2019: Ravi Shankar Prasad

Prasad informed the Rajya Sabha on Thursday

Samsung Electronics warns of severe chip crunch while delaying key phone

Samsung, one of the world's largest makers of chips and consumer electronics, expects the crunch to pose a problem to its business next quarter

Best of BS Opinion: No space for SPACs, NSE trading outage, and more

Here's a selection of Business Standard opinion pieces for the day

IT sector sales rise 5.2% in third quarter, shows RBI data

Information technology (IT) sector remained in the positive terrain throughout the Covid-19 pandemic period

Wipro's $1.45 bn deal with Capco disappoints Street; here's why

Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector

$500 mn deal with Google pulls Infosys in focus; analysts see 35% upside

Even after a 164 per cent rally since its 52-week lows hit in March 2020, the Salil Parekh-led firm remains Credit Suisse top pick in the IT space

Karnataka govt, Nasscom launch ER&D policy to foster innovation in state

50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones

India's economic revival: PLI scheme likely to take center stage

16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.

India Inc likely to offer average salary increment of 7.7% this year

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey

IT sector continues to see sequential growth in hiring in January: Report

The sector witnessed a 39 per cent growth in job postings in January compared to the previous month, according to a report

Work from home; collaborate in office: Indian IT industry marks change

Zoom calls may work for a few but can they replace a town-hall meeting: Executives are debating

MF energy exposure off 280 bps since July, at near 3-yr low; IT at new high

According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT

Happiest Minds Technologies surges 14%, hits new high amid heavy volumes

Brokerage Nomura initiate coverage on Happiest Minds Technologies with a 'Buy' rating and target price of Rs 480 per share

IT sector to grow by 2% to $194 bn, add 138,000 employees in FY21: Nasscom

Industry bucks Covid trend on the back of rapid digital transformation and tech adoption; Exports set to touch $150 bn

IT industry to grow by 2.3% in FY21 despite dip in tech spends: Nasscom

Exports will go up by 1.9 per cent to USD 150 billion, industry lobby Nasscom said