Kumar Rakesh News Today

Nearly 20 per cent of global passenger vehicles will be produced by India by FY27, according to BNP Paribas.

Nearly 20 per cent of global passenger vehicles will be produced by India by FY27, according to BNP Paribas.

On volumes, Delhi-headquartered Hero MotoCorp is estimated to have sold 13.92 lakh units during the quarter, up 10 percent year-on-year.

The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. Factors contributing to this reduction include the economic slowdown, automation, restructuring, and decreased discretionary spending. The drop in headcount reflects the aftermath of excessive hiring during the Covid boom and ongoing industry contraction in demand. However, experts believe that this trend may have bottomed out, ...

Once known for hiring hundreds of thousands every year, five of Indias top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal year.

Automotive clients account for up to 35% of IT services manufacturing clients.Indias top IT firms thus clearly draw meaningful revenue from carmakers around the world.With the advent of electric and tech-laden cars, ITs reliance on automotive revenue is now rising

Operator: Ladies and gentlemen, good day, and welcome to Infosys Limited Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.

Banks spending more on technology to meet regulatory mandates, companies upgrading SAP systems and a broader increase in technology spending after US elections due in November are some of the factors that have raised demand recovery prospects for Indias $245 billion-plus IT services sector next year.

India Business News: After more than a year of slowing sales, India’s software services companies that power corporations ranging from global banks to retailers to planema.

IT Earnings: Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services that helped them cut costs.