Page 29 - It Sector News Today

Global capability centres (GCCs) in India are increasing hiring, with 79% of the 1,500 surveyed keen to add to their talent pool, according to a poll from NLB Services. The tech sector is expected to feature in the hiring focus, with increased demand in services and backfill hiring identified as reasons, while certain industries showed higher demand for specialist roles, including data scientists, blockchain experts and AI engineers.

​There are those challenges and that is clearly reflected in the daily price of power if you look at. If you look at the IEX numbers, the power cost is at two, two-and-a-half rupees.

"The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape. Over the years, the Nifty IT Index has generated healthy returns for its investors delivering a handsome 17% annual return over the last 10 years and outperforming major sectors," says Vishal Kapoor, CEO, Bandhan AMC.

IT stocks to buy: After strong revenue growth momentum in FY22 and FY23, analysts believe IT services companies may face challenges on the demand front and margins fueled by the economic slowdown and macroeconomic uncertainties. Watch this Visual Story to see top IT stock picks for FY24.

Restricting imports while also incentivising domestic production under the PLI scheme for IT hardware will achieve the dual purposes of reducing our import dependence significantly, while also boosting domestic manufacturing and employment.

Despite the monumental deal-making, a thought-provoking dichotomy emerges—these multi-billion-dollar deals are stretched over a minimum of five years, thus tempering their immediate quarterly revenue impact, , it sector, it services, infosys, Tata Consultancy Services (TCS), HCLTech, wipro

Infosys will take over the build and operations of Liberty Globals Horizon entertainment and connectivity platforms.

Fitch Ratings predicts that the sectors revenue growth could plummet by 8-10 per cent, marking a stark contrast to the robust 16.5 per cent growth achieved in the previous fiscal year (FY23), , it sector, fitch ratings, revenue, growth, Tata Consultancy Services (TCS), infosys, HCLTech, wipro

The city is suffering a decline in terms of year-on-year comparison as well, with hiring intent up to 68% last year. However, Bengaluru companies still have the highest hiring intent for freshers in the country, followed by Mumbai at 61% and Chennai at 47%.

Discount asks have climbed to 50 percent of new deals but companies are agreeing in 30 percent of the instances, citing cost pressures