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IT Services News

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The report expects large-cap Indian IT companies to post a quarter-on-quarter revenue decline of 0 to 2 per cent in dollar terms. 
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The steady growth highlights the sector’s resilience and its crucial role in India’s digital economy.
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Major hubs like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR have led this transformation, while smaller cities have increasingly contributed to the nation's entrepreneurial momentum.  
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The price premium of GenAI-enabled offerings across customer relationship management (CRM), email and authoring, and analytic platforms will drive software spending, resulting in the growth of this segment. 
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TCS Variable Pay Q2 2024: In April 2024, TCS updated its attendance policy, requiring employees to achieve at least 85 per cent office attendance to qualify for their full variable pay.  
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The Tech Mahindra scrip settled at Rs 1,688 apiece on the BSE on Friday, down 0.68 per cent from the previous close.
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Infosys has received assessment orders for subsidiaries as well, totalling Rs 277 crore.
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It became the inaugural tech company to establish a specialized business division solely focused on AI and cloud services in 2023.
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The net profit was down 20.6 per cent on a year-on-year basis, according to a filing. Wipro net profit was down 20.6 per cent on a year-on-year basis.
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Did you know that more than 2.14 billion consumers are already actively shopping for goods and services over the internet?
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The Devices segment, Data Centre Systems and Communications Services are expected to grow by 5 per cent, 1.8 per cent and 2.2 respectively to reach $697 billion, $176 billion and $1,417 billion spending.
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HCL had, in April this year, announced it will acquire Urban Fulfilment Services, a provider of mortgage business process and fulfilment services.
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For the third quarter, it expects revenues to be in the range of USD 3.73-3.78 billion.
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Consolidated profit rose to 20.83 billion rupees ($323.35 million) for the three months to June 30, Wipro said in a statement.
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IT major Wipro Ltd has listed US President Donald Trump's policies as a risk factor that could impact its business, citing promotion of "greater restrictions on free trade" among key worrying points.
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India has stepped up its lobbying effort against moves in the U. S. Congress to impose curbs on visas for skilled workers that threaten the South Asian nation's tech sector, which employs more than 3.5 million people.
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Tata Consultancy Services, a leading global IT services, consulting and business solutions firm, today announced its ranking as the 58th most valuable US brand in an annual survey by a top brand valuation company.
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German automaker Volkswagen on Thursday said it has started an in-house arm in Pune to serve the information technology-related needs of all its global brands.
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The country's telemedicine sector is expected to double to USD 32 million (about Rs 210 crore) by 2020, industry body Assocham has said.
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Infosys Ltd, India's second- largest IT services firm, on Friday reported better-than-expected 16 percent rise in the fourth-quarter net profit and forecast strong revenue growth for the current fiscal on new client additions.






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