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Indian IT sector News
Indian IT sector
Buy Infosys and Mindtree - Third wave of IT outsourcing cycle ahead, says Goldman Sachs
Tue, Dec 22, 2020
Goldman Sachs has put a 12 month target price of Rs 1369 on Infosys and this implies 17% potential upside vs the sector coverage average of 4%. Goldman Sachs 12 month target price of Rs 1795 on Mindtree implies 23% potential upside vs the sector coverage average of 4%. Digitalization at scale and COVID-19’s acceleration of Work from Anywhere has boosted technology demand across industry verticals and geographies.
End-user IT spending in India to reach $15 bn in 2019: Gartner
Mon, May 06, 2019
The fastest growth will be in the business process outsourcing sector, which is estimated to grow at over 14 percent to USD 1.9 billion, the estimate by the consultancy firm Gartner said.
IT sector generated 8.73 lakh jobs in 5 years, currently employees 41.40 lakh persons: Ravi Shankar Prasad
Wed, Mar 20, 2019
Citing the data by apex industry body Nasscom, he said the IT sector has spawned 8.73 lakh jobs in the past five years under Prime Minister Narendra Modi-led government and currently provides employment to 41.40 lakh persons directly and 1.2 crore persons indirectly.
Alert! What Indian employees fear at workplace after scandals
Thu, Jan 24, 2019
While 74 per cent of Indian workers say new technologies to collect workforce data put trust at risk, recent data scandals make 80 per cent feel that their employee information might be hacked too, a new report from Accenture said on Thursday.
IT Sector in 2018: Tech czars made investors richer; check top tech triggers to takeovers
Fri, Dec 28, 2018
Information Technology sector has performed exceptionally well in the year 2018. The robust jump in trade volume and increase in half yearly guidance has made it one of the better sectors in 2018 for investors.
Tech recruitment in 2019: IT engineers may reap benefit with advent of newer technologies
Tue, Dec 18, 2018
Job opportunities are likely to emerge from major sectors including automakers, banking and financial services firms, consumer goods, manufacturers and drugmakers, which would step up the recruitment for tech graduates, the report said.
Job Alert: India to add over 1.4 million new IT services by 2027
Thu, Nov 15, 2018
The new-age jobs will add more than 5 million positions worldwide by 2027, it said, adding that roles like social media administrator, machine learning designer, and IoT designer would be most sought after in the coming years.
Jobs 2018: Infosys cofounder Narayana Murthy wants India Inc to do this
Wed, Oct 31, 2018
Citing the example of Infosys, he said the company's Mysore training centre has a capacity to train 14,000 people a day. "...Companies like Infosys will continue to do their job. The question is we want every company to focus on providing such a training. We want our universities to bring in innovation in education, we want focus on problem solving, independent thinking," he said adding that the Indian IT sector, overall, has been successful in creating lots of jobs.
Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18
Fri, Nov 03, 2017
This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.
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.
Can govt's focus on job creation help Indian IT sector?
Wed, May 10, 2017
While there were worries about Indian employees of IT companies overseas losing their jobs. Now it seems that employees of IT firms within the country too are going to losing their jobs.