Budget 2021: What edtech industry expects from Nirmala Sitharaman
Budget 2021 expectations: Industry believes that a GST rate cut could go a long way in encouraging learners to take up online education. Educational institutions and courses are taxed 18 per cent which the industry wants to reduce to 5 per cent
Anwesha Madhukalya | February 1, 2021 | Updated 09:42 IST
Budget 2021: What does edtech industry expect?
Budget 2021: While there has been little to no silver lining in the dark clouds of the coronavirus pandemic, the sun shone brightly on the edtech industry. Following the shutting of classes and schools, the education sector vastly moved online. From day schools to tuitions to additional classes to hobby classes, learning in all its forms continued, albeit online. As the edtech industry witnesses momentous growth, it is up to the government to support its expansion.
CF3D technology uses snap-curing thermoset materials to reduce high cost, long lead times and design constraints. Photo Credit: Continuous Composites
In September 2020, continuous fiber 3D printing specialist Continuous Composites (Coeur d’Alene, Idaho, U.S.) announced a strategic partnership with specialty materials company Arkema (Colombes, France) through its Sartomer business line, to combine Continuous Composites’ patented Continuous Fiber 3D (CF3D) printing technology with Arkema’s photocurable N3xtDimension resin solutions. The combination is expected to result in development, certification and commercialization of a library of advanced material solutions to suit the needs of a wide variety of applications and industries.
Budget 2021: Here s what the Indian startup ecosystem is hoping for
Ahead of this year’s Union Budget on February 1, here’s what business leaders, entrepreneurs, investors, and other stakeholders from the Indian startup ecosystem expect from the Indian government.
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2020 was a year full of challenges for livelihoods and the overall economy of the country, sparked by the COVID-19 pandemic. According to the
National Statistical Office (NSO), India s GDP is estimated to contract by a record 7.7 percent during 2020-21 fiscal as the pandemic severely hit key manufacturing and services segments.
The Union Ministry of Finance is all set to roll out additional measures to revive the slowing economy, post the Rs 20 lakh crore COVID-19 relief package announced in May 2020.
Updated Jan 11, 2021 | 15:31 IST
TCS management aims for double-digit growth even beyond FY22. Stellar Q3 lifts stock and Nifty IT index to fresh highs and brokerages hike earnings estimate and Target price; Edelweiss TP at Rs 4176/share. Representational Image
Key Highlights
TCS CEO: “There is absolutely no doubt that TCS is going for double digit growth (even beyond FY22)”
Goldman Sachs: TCS key beneficiary of current wave of IT outsourcing and cloud migration
Edelweiss: Raises target price to Rs 4,176/share on strong growth and exceptional execution
A stellar Q3 (October-December quarter) lifted TCS and Nifty IT index to fresh record highs as the IT major Tata Consultancy Services (TCS) posted strongest Q3 in nine years despite Q3 being a seasonally weak quarter. Most brokerages hiked earnings estimate and Target price to anywhere around Rs 3400 per share and beyond. TCS became the first IT company to cross a market capitalisation of over R
IT companies to see double-digit growth on mega deal wins
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Synopsis
Goldman Sachs estimates that the double-digit growth momentum driven by large-scale shifts (of applications) to the cloud, building applications for the cloud native world and collaboration between IT vendors and customers to build new solutions could usher in the “third wave of IT outsourcing”.
Agencies
In October, Infosys said it will grow 2-3% in the fiscal year 2021 due to rising demand from clients for digital services.
Bengaluru: Indian IT services firms will see double-digit growth in fiscal year 2021-2022, say analysts, as these companies win blockbuster deals from global clients looking to step up technology spends as they shift applications to the cloud and deepen digital services.