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Indian IT companies

Worst day for Nifty IT in 11 months as Infosys disappoints Street with Q4 results, dividend

Worst day for Nifty IT in 11 months as Infosys disappoints Street with Q4 results, dividend

Mon, Apr 17, 2023

A sharp fall in Infosys shares on Monday dragged the Nifty IT — whose 10 constituents include Tata Consultancy Services (TCS), Wipro, HCL Technologies and Tech Mahindra — 4.7 per cent for the day. Besides Infosys, TCS, LTIMindtree and Tech Mahindra posed the maximum pressure on the IT index.

What led to correction in Indian IT stocks in 2022?

What led to correction in Indian IT stocks in 2022?

Wed, Dec 21, 2022

Among the heavyweights, Wipro posted the weakest performance as it tumbled around 46 per cent, followed by Tech Mahindra down 42 per cent on the NSE. Likewise, Infosys cracked around 21 per cent, HCL Tech declined over 22 per cent, and TCS tumbled over 15 per cent.

What lies ahead for Indian IT companies after Accenture's Q1 results

What lies ahead for Indian IT companies after Accenture's Q1 results

Mon, Dec 19, 2022

The pressure in IT stocks on Monday could be attributed to weak commentary from Accenture. The Nifty IT index settled 0.51 per cent lower.

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Goldman Sachs Expects 28 To 42% Stocks Price Correction In IT Companies

Goldman Sachs Expects 28 To 42% Stocks Price Correction In IT Companies

Fri, Jun 10, 2022

How is the move of IT stocks? What is the effect of lethargy in the US? What is the opinion of Goldman Sachs on Indian IT companies. Know full details from Kushal Gupta.

Coronavirus: Revenue of Indian IT services cos could be hit, says Kotak report

Coronavirus: Revenue of Indian IT services cos could be hit, says Kotak report

Thu, Mar 12, 2020

Revenue of Indian IT services companies is likely to be hit as coronavirus outbreak forces clients to enforce travel restrictions, and their deteriorating health could potentially lead to reduction in budgets, as per a report by Kotak Institutional Equities

Sweden to emerge as potential market for Indian IT sector: Nasscom

Sweden to emerge as potential market for Indian IT sector: Nasscom

Thu, Aug 10, 2017

Nasscom's report said that Sweden being one of the highest spenders on IT among the Nordic counties could emerge as a key market for the Indian IT companies.

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Sun, May 28, 2017

Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.

How a stronger Indian Rupee can hamper your career in India's IT sector

How a stronger Indian Rupee can hamper your career in India's IT sector

Fri, May 19, 2017

Samir Tripathi, analyst, ICICI research said, “Overall Rupee trajectory over a one year time frame is expected to be stronger than the one-year forward rates. From medium term perspective, we expect rupee to trade around 65.50 levels by March 2018 – with a variation of around 2%.”

No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom

No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom

Sat, May 13, 2017

India's IT industry body Nasscom on Friday has issued a statement denying a mass layoffs by IT companies in the country stating that the workforce realignment linked to performance appraisal processes is a regular feature every year.

Ample opportunities in India; no need to worry about tightening visa regime: Cabinet Secretary

Ample opportunities in India; no need to worry about tightening visa regime: Cabinet Secretary

Sat, Apr 29, 2017

However, he observed that "we need not worry too much about the visa restrictions as we will have ample opportunities here itself".

Why India could lose its top spot in remittances to China in 2017

Why India could lose its top spot in remittances to China in 2017

Wed, Apr 26, 2017

With US tightening its restrictions on Indian employees holding H-1B visas, we could see a lot of them being sent home after their visa expires.

H-1B visa: Greatly value investments by Indian companies, says US govt

H-1B visa: Greatly value investments by Indian companies, says US govt

Tue, Apr 25, 2017

"We greatly value Indian companies' continued investment in the US economy, which also, of course, supports thousands of US jobs," Toner said.

Nasscom hits back at US govt claims over Indian IT firms violating H-1B visa norms

Nasscom hits back at US govt claims over Indian IT firms violating H-1B visa norms

Mon, Apr 24, 2017

It said that the US Department of Labor estimates that there will be about 2.4 million unfilled science, technology, engineering and mathamatics (STEM) jobs by 2018.

TCS unperturbed by possible changes to H1-B visa regime: CEO

TCS unperturbed by possible changes to H1-B visa regime: CEO

Tue, Apr 18, 2017

"Some of these engagements actually help get that message out also. People will understand us better for who we are, and I think engagement, communication and collaboration is the best way to deal with the political lack of understanding which comes. Democracy ought to deal with the emotional response that you see and you have to get over it and engage positively," Gopinathan said.

No policy yet in US to curb visas, we are talking: Swaraj

No policy yet in US to curb visas, we are talking: Swaraj

Thu, Mar 30, 2017

External Affairs Minister Sushma Swaraj said in the Rajya Sabha that the Indian government is talking to the Trump administration as well as the US Congressmen, giving proper data and reasoning to press home the point that the relationship between Indian IT companies with the US is mutually-beneficial.

Need to scale up and ramp down H-1B visas: Senator

Need to scale up and ramp down H-1B visas: Senator

Wed, Mar 29, 2017

"They (H-B visa numbers) need to be scaled up and ramped down based on the needs of the US economy in the supply of the resources to fill some of the roles," Tillis said.

IT companies ganged up to keep freshers' salary low, says former Infosys CFO T V Mohandas Pai

IT companies ganged up to keep freshers' salary low, says former Infosys CFO T V Mohandas Pai

Tue, Feb 21, 2017

Infosys former CFO T V Mohandas Pai has recently said that big Indian IT companies are coming together talking to each other not to increase freshers' salaries which is not a good sign for the Indian IT industry.

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Sun, Jan 22, 2017

New US President Donald Trump's 'Buy American-hire American' rallying cry has put the USD 150- billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourcing and movement of skilled workers.

Trump nominee for Attorney General promises curbs on H1B visas

Trump nominee for Attorney General promises curbs on H1B visas

Thu, Jan 12, 2017

In the past both Sessions and Grassley have worked together to bring legislations on H-1B visas that badly hit Indian IT companies.

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