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The projected 3.8% growth is despite a 50% slide in tech spending and 6% decline in tech contracts in 2023 globally. This means the industry has added $9.3 billion incremental revenue in the fiscal, Nasscom said.

​The domestic technology industrys revenue is projected to grow 3.8 per cent to USD 254 billion this fiscal, industry body Nasscom said on Friday and highlighted creation of 60,000 more jobs during this period.

The domestic technology industrys revenue is projected to grow 3.8 per cent to $254 billion this fiscal, industry body Nasscom said on Friday and highlighted creation of 60,000 more jobs during this period. The industry had clocked a revenue of $244.6 billion in the same period last year, according to Nasscoms annual strategic review report. Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23, as per the report.

Talentica Software, a pure-play product engineering company, has been named a leader in Engineering Research & Development services in the Enterprise

Beating all estimates in the grey market, where shares were said to be trading at a premium of about 80%, Tata Tech shares listed at a 140% premium and then went on to rally another 17% to take the total gain at days high price to as much as 180%. In recent years, the best IPO in terms of listing gain was that of Sigachi Industries which debuted on November 15, 2021, at 253% premium. The stock debuted at Rs 575 per share against an issue price of Rs 163.

The share allotment process for Tata Technologies' initial public offering (IPO), which closed on November 24, is likely to be finalised today

The allotment for the initial public offer (IPO) of Tata Technologies is likely to be finalised tomorrow, November 28. Investors can check their allotment status on the issues registrar Link Intime Indias website as well as on BSE.

Tata Technologies is a subsidiary of automobile major Tata Motors and is a manufacturing-focused Engineering Research & Development

Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LICs record of 73.38 lakh applications in May 2022. Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008.

The Tata Group's much-awaited IPO opened for subscription on November 22, 2023, for three days.