Page 52 - It Sector News Today

​​According to Karanth, it is clear that the IT sector is going to be driving the job growth this year as it is showing "huge bullishness" in terms of hiring. "​​​We see close to 30,000 active jobs getting recruited by the IT sector every month for the next 12 months," he said.

A spurt in most commodities over the past few weeks has brought the spotlight back on inflation, which many fear will adversely impact the earnings of India Inc. While the scenario may hold true for the non-Nifty baskets, the Nifty50 index earnings may largely remain unscathed, suggests a report by domestic brokerage Motilal Oswal Financial Services (MOSL). Historical data shows that rising commodity prices have had a positive impact on aggregate index earnings, MOSL said, and since the last ...

Pay hikes may get fatter in 2018 after trimming of jobs in 17 Pay hikes may get fatter in 2018 after trimming of jobs in 17 As Per Various Estimates, Just About 20 Per Cent Firms Have Made Workforce Additions In 2017, Though A Majority Of 60 Per Cent Managed To Retain Their Staff Strength Unchanged Without Any Major Layoffs. PTI | Updated on: 10 Dec 2017, 03:09:28 PM New Delhi : India Inc is promising better pay hikes of 10-15 per cent for the right talent in 201...

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IT major Wipro on Wednesday said it expects to have access to about one lakh doses of COVID-19 vaccines for its employees and their families, beginning early June. The Bengaluru-based company said it has partnered with top-tier hospitals and a tech-enabled online-to-offline delivery platform - which specialises in primary care and urgent response services - to provide COVID-19 vaccination support to its India-based employees. "As part of this partnership, beginning early June, subject to ava...

Exclusive content, features, opinions and comment - hand-picked by our editors, just for you. Pick 5 of your favourite companies. Get a daily email with all the news updates on them. Track the industry of your choice with a daily newsletter specific to that industry. Stay on top of your investments. Track stock prices in your portfolio. NOTE : The monthly duration product is an auto renewal based product. Once subscribed, subject to your c...

India’s IT companies scramble to handle Covid-19 surge Workers are working 13-14 hours daily, struggling to deliver on projects as staff call in sick REUTERS April 29, 2021 Software professionals assisting municipal authorities work on their terminals inside a "war room" focused on tracking the spread of the coronavirus disease (Covid-19) at the Bruhat Bengaluru Mahanagara Palike office in Bengaluru, India July 2, 2020. PHOTO: REUTERS India’s giant IT firms in Bengaluru and other cities h...

Tech Mahindra stock received a lukewarm response from the investors on Dalal Street following a mixed set of March quarter results. The IT majors Q4 performance missed Streets estimates on the revenue and profit after tax (PAT) front although margins and deal win surprised positively. Following this, the stock was trading marginally lower by 1.5 per cent at Rs 948.65 on the BSE. It had touched a high of Rs 985.65 in opening trade. Tech Mahindra announced a net profit of Rs 1,081 crore for the f...

Shares of HCL Technologies slipped over 3 per cent in Mondays intra-day session after the IT majors March quarter results for the financial year 2020-21 (FY21) missed Street estimates across the board. Impacted by higher taxes and one-time bonus payment, the company on Friday reported a 6.1 per cent fall in its fourth-quarter net profit at Rs 2,962 crore. The profit was down 25.6 per cent on a sequential basis. The provision for tax nearly doubled sequentially in Q4 to Rs 1,191 crore. The Ma...

Shares of Mphasis jumped over 6 per cent in intra-day trade on Monday after private equity (PE) firm Blackstone Group said it will buy a majority stake in the company for a consideration of $2.8 billion. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will be co-investing along with Blackstone. Following the development, the shares of IT outsourcing services provider touched a high of Rs 1,805 on the BSE. At 1.55 pm, the scr...