Page 58 - It Sector News Today

If this rule gets implemented, then H-1B employees will be paid higher wages than their US counterparts. Representational image&nbsp New Delhi: As Joe Biden is set to sworn in as the next U.S. President on January 20, the Trump administration is using the last few days in power to fulfil its ‘protectionist’ agenda. Late Tuesday, the department of labour announced introduction of final wages rules, which hiked the prevailing wages across all four skill levels for those working...

Infosys shares decline 5% after earnings PTI New Delhi | Updated on January 14, 2021 The company posted a 16.6% rise in consolidated net profit for the December 2020 quarter Shares of Infosys on Thursday early trade dropped 5 per cent even after the company posted a 16.6 per cent rise in consolidated net profit for the December 2020 quarter, and increased its revenue growth guidance for FY21. The stock plunged 5 per cent to ₹1,318.05 on BSE. On NSE, it declined 4.95 per cent to ₹1,318.45. I...

Sensex at 1,00,000! When and how? The S&P BSE Sensex index first hit 25,000 in 2014 after the BJP-led NDA government came to power with a record majority Aprajita Sharma January 21, 2021 | Updated 10:54 IST Talking about emerging trends in the stock market, Jain says that insurance and AMC firms will play a significant role, having larger weightage in key indices With the S&P BSE Sensex a few hundred points away from the 50,000-mark on Thursday, marketmen believe its only a matter of couple of...

Reporting one of its strongest quarters in recent years, Bengaluru-based information technology (IT) firm Wipro on Wednesday posted 20.9-per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,968 crore for the December quarter. It had reported a profit of Rs 2,456 crore in the corresponding quarter last year. The company said its dollar revenue growth was the highest in 36 quarters. It clocked a consolidated revenue of Rs 15,670 crore, marginally up 1.3 per cent, from Rs 15,471...

Thierry Delaporte, CEO and Managing Director said, “Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins."

Infosys Q3 preview: Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, IT bellwether Infosys may post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). The revenue could rise between 2.5-3.5 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 3-4 per cent in dollar revenue terms. The Bengaluru-based firm, which is slated to r...

Wipro Q3 preview: Following hopes of a solid earnings performance by most IT companies in an otherwise weak quarter, analysts expect Wipro to post decent revenue growth, minimum-to-no impact on EBIT (earnings before interest and tax) margins and a 5-10 per cent year-on-year (YoY) jump in its net profit for the October-December quarter (Q3FY21). Indias third-largest IT company, in terms of workforce, is slated to post its Q3 results on Wednesday, January 12. Deal wins and pipeline commentary, u...

Read more about Large IT outsourcing contracts back on the market as clients optimise cost on Business Standard. In the past 10 months, large Indian IT services firms had signed a number of major outsourcing projects involving millions of dollars.

It is packed there. back to the jobs report. a tremendously disappointing number in terms of job growth, even though the unemployment rate did go down. 88,000 jobs were added in march. at the same time, the rate fell to 7.6%. some of the reasons, both the number of employed and unemployed americans fell last month. in fact, the labor participation rate in march fell to 63.3%. its the lowest number since may of 1979. number of jobs added was less than half of what analysts had been expecting. t...

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