A similar notice was issued earlier this month to another IT firm, Wipro, on a complaint alleging that the firm was benching its employees
The company is in talks with clients to seek approval, and is building a control system to track staff productivity in real time
Revenue for the quarter stood at Rs 9,490 crore, a growth of 6.7 per cent YoY, though it fell 1.7 per cent sequentially.
This week, a total of 17 companies are scheduled to announce their quarterly earnings which includes HCL Technologies, Kansai Nerloac Paints, and YES Bank among others
So far, information technology (IT) companies have reported a mixed set of numbers for the quarter ended March 2020.
According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later
Most companies are going to continue to let employees work from home
In a recent report, global analyst firm ISG said that while 80% of employees associated with IT sector globally are working from home during the ongoing lockdown
India has spent only 0.3 per cent (of the GDP) and the World Bank has suggested the countries to spend up to 6-7 per cent, said Gurnani
The date for tracker is obtained from credible sources including Ministry of Health and reputed news outlets, according to the developers
Impact likely to be higher for Infosys and TCS who have higher dependency on discretionary spend, say experts
Zen3 Infosolutions has expertise in artificial intelligence, machine learning, annotations, cloud engineering etc which are high growth area.
The two firms are IT support contractors for the portal
In the past three months, Tech Mahindra outperformed the market by gaining 8 per cent, as compared to a 1.5 per cent rise in the S&P BSE Sensex till Friday.
Valuation of over 13 times its FY21 estimated earnings reasonable
In constant currency terms, revenue grew 4.3 per cent. In US dollar terms, revenue rose 5.1 per cent to $ 1,353 million.
Emkay Global Financial Services has built in a 3.1 per cent QoQ CC revenue growth with nearly 60 bps cross-currency tailwinds leading to a 3.7 per cent QoQ US dollar growth.
A total of 25 companies including Havells, Polycab, ICICI Pru Life, and Zee Entertainment Ènterprises Ltd. are scheduled to announce their results later in the day
The Nifty has provided a sell crossover on its hourly charts and with that, the index seems to have reversed the overall trend in the short term.
UltraTech Cement has recently surpassed the hurdle of multiple moving averages on the daily chart and is likely to witness fresh momentum