Page 31 - It Sector News Today

According to sources in the know, Abhinav Kumar, a TCS veteran who has been with the company for over 21 years, will be taking over the role as the new chief marketing and communications officer for its global markets.

Foreign institutional investors (FIIs) sold securities worth ₹1,023.91 crore, while domestic institutional investors (DIIs) bought securities worth ₹1,634.37 crore. Indian equity markets experienced marginal declines, influenced by reduced FPI inflows and rising US bond yields.

ISLAMABAD: Prime Minister Shehbaz Sharif has underlined the need to develop a policy framework for supporting the...

The Mahindra Group firm is likely to report a net profit of Rs 1,107 crore, representing a decline of 2.12 percent YoY amid global headwinds, as per analysts.

The sector’s slowdown is cyclical and correlates to slow global growth, but companies can’t afford to simply wait for the global times to return

Tech Mahindra’s net profit in Q1 was down by 38% QoQ, order book declined 39%

Tech Mahindras Q1 order book declined over 39 percent QoQ to $359 million from $592 million in the previous quarter due to weakness of the CME segment.

The consolidated net profit for the quarter ending June 30 stood at Rs 693 crore, missing analyst expectations amid challenging macroeconomic conditions and spending cuts by clients.

​Things can get worse if the US slowdown worsens. Although increasingly, it is looking like they might just be able to get away with a very mild slowdown or a mild recession, in which case we will probably just hover around the bottoms for the time being.

Under this agreement, Cognizant will manage Gilead’s global IT infrastructure, platforms, applications and advanced analytics, and lead initiatives designed to accelerate its digital transformation.