Page 57 - It Sector News Today

Read more about Spike in localised hiring, travel curbs may prune visa demand in top IT cos on Business Standard. TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 yrs

Gartner forecasts that worldwide IT spending will total $3.9 trillion in 2021, an increase of 6.2% from 2020.

53% companies in India looking to increase headcounts in 2021: Report January 25, 2021 × According to Michael Page India’s ‘Talent Trends 2021 Report, technology and healthcare sectors are witnessing significant activity Businesses across sectors are working towards a healthy recovery with a renewed positive outlook in terms of hiring in 2021 according to Michael Page India’s ‘Talent Trends 2021 Report. According to the report, nearly 53 per cent of companies in India are looking to in...

Indias IT spending to rise 6.8%, reach $88.8 billion in 2021, says Gartner Spending on all IT segments is expected to return to growth in 2021, with enterprise software leading the chart recording an 8.8 percent growth. Representative image. Indias information technology spending is projected to reach $88.8 billion in 2021, which is an increase of 6.8 percent from 2020, research firm Gartner Inc said in its latest forecast. The report stated that earlier in 2020, the countrys IT spending ...

TCS Becomes Worlds Most Valued IT Company, Surpassing Accenture FOLLOW US ON: TCSs market capitalisation crossed $169.9 billion inches ahead of rival Accenture. TCS had also zoomed past Accenture to become the most valuable IT services company in the world in October last year. Back in 2018, IBM was at the top of the market with 300% more revenue than TCS, followed by Accenture in second place. However, in April that year, TCS touched the $100 billion valuation mark and overtook Accenture’...

Read more about IT sector biggest contributor to India Inc dividend pool in the past decade on Business Standard. The average payout by the 186 companies in the past decade had been 41% and annualised returns for their stocks had been 8%.

The numbers of these large-cap IT players came on the better side of expectations and the outlook for the sector looks positive.

BMC engineer arrested for taking bribes, allowing UK returnees to skip compulsory quarantine at Mumbai airport The BMC stated that junior engineer Dinesh Gawande has been suspended with immediate effect and a probe has been instituted File image of BMC headquarters. Wikimedia Commons Mumbai: A BMC junior engineer deputed at the Mumbai international airport was arrested by Sahar police for allegedly illegally exempting travelers fro...

HCL Tech bagged 13 metamorphic deals across industry verticals. HCL Technologies, Indias third-largest software services provider, on Friday reported a 26.7 per cent jump in consolidated profit for the quarter ended December 2020 at Rs 3,982 crore against Rs 3,142 crore in the previous quarter. The IT companys consolidated Q3 revenue grew by 3.8 per cent to Rs 19,302 crore, fuelled by broad-based growth in geographies and segments. Revenue stood at Rs 18,594 crore in the September quarter. Re...

Shares of HCL Technologies dipped 2 per cent to Rs 1,007 on the BSE in early morning trade on Friday, down 5 per cent in the past three trading days, on account of profit booking after the company reported a 26.2 per cent quarter on quarter (QoQ) growth in consolidated net profit at Rs 3,969 crore in December quarter (Q3FY21) earlier today. The stock of the information technology (IT) consulting and software company hit a record high of Rs 1,073 on Wednesday, January 13, 2021. Despite the pas...