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It Sector

North Koreas SA-5 surface-to-air missile

Thousands Of IT Contractors Sent Millions Out Of Wages To North Korea To Fund Missile Programme: FBI

Thousands were working on contracts remotely with US companies at the behest of North Korea and were funnelling their wages to fund the North Korean missiles programme, according to an investigation by FBI.

21 October 2023

TCS

TCS Shares Rise Nearly 3% After Q1 Results Meet Market Expectations

TCS shares surged nearly 3 per cent to hit Rs 3,360.00 in Thursday's morning session after the company reported higher-than-estimated June quarter profit on Wednesday

13 July 2023

Although Amlan Borgohains family is based in Hyderabad, the Assam sprinter trains in Bhubaneshwar.

Lloyds Banking Group Names Sirisha Voruganti As CEO Of Lloyds Technology Centre In India

Sirisha Voruganti will assume her role as CEO and Managing Director of Lloyds Technology Centre later this month, overseeing its establishment and longer-term growth strategy, according to a statement

05 July 2023

Bandhan Mutual Fund Announces Launch Of Bandhan Nifty IT Index Fund, NFO Opens Today

The open-ended equity scheme will invest in securities in the Nifty IT index. The new fund offer will close on August 28, 2023. Minimum investment is Rs 1,000 in lump sum and Rs 100 in SIP mode

18 August 2023

nasscom

Data Protection Bill To Solidify India's Position As A Global Innovation Hub: Nasscom

"The Union Cabinet's approval of the Digital Personal Data Protection Bill is a significant milestone that will bolster trust and solidify India's position as a global leading innovation hub," Nasscom said in a statement

07 July 2023

Google

Google Backs Creation Of Cybersecurity Clinics With USD 20 Million Donation

Google CEO Sundar Pichai pledged USD 20 million in donations on Thursday to support and expand the Consortium of Cybersecurity Clinics to introduce thousands of students to potential careers in cybersecurity, while also...

23 June 2023

Infosys

Infosys Shares Fall Over 10% After IT Giant Slashes FY24 Growth Outlook

Infosys shares opened at Rs 1,321 on the Bombay Stock Exchange (BSE), and hit an intraday low of Rs 1,311.60, down 10.40 per cent from its previous close of Rs 1,448.85

21 July 2023

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Hiring Appetite Positive For Jul-Sep Quarter Amidst Layoffs: Survey

According to the ManpowerGroup Employment Outlook Survey of nearly 3,020 employers, the labour market is indicating positive sentiments in the third quarter of 2023 despite news of layoffs and anticipated global economic...

13 June 2023

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06 June 2023
Wipro Shareholders Approve Rs 12,000-Crore Share Buyback

Wipro Shareholders Approve Rs 12,000-Crore Share Buyback

The Wipro board had approved the buyback of 26.96 crore equity shares at a price of Rs 445 apiece


26 May 2023
IT Sector Layoffs Left Nearly 6% Of Indian Contract Workers Without Jobs In March Quarter: Report

IT Sector Layoffs Left Nearly 6% Of Indian Contract Workers Without Jobs In March Quarter: Report

Nearly 3,600 contract workers have lost their jobs in the Indian IT sector


04 May 2023
Why Sunil Singhania Likes Banking, IT, And Pharma Sectors?

Why Sunil Singhania Likes Banking, IT, And Pharma Sectors?

In the ongoing scenario of tightening monetary policy, a spate of hiring and firing in the IT sector, and the global headwinds of high input costs, there are...


02 May 2023
Here’s Where Your Large-Cap Fund Manager Is Investing

Here’s Where Your Large-Cap Fund Manager Is Investing

Active large-cap mutual funds invested more of their funds in banks, IT, and crude oil. Here’s how much these sectors received and why


01 May 2023
Job Demand Declines 5% In April On IT Hiring Corrections: Report

Job Demand Declines 5% In April On IT Hiring Corrections: Report

IT behemoths, startups, and unicorns have all felt the impact of the ongoing global slowdown, said the report, adding that cities with a heavy presence of...


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21 April 2023
IT Hubs Hyderabad, Delhi, Bengaluru Top Locations For Apprentice Job In Q4: Report

IT Hubs Hyderabad, Delhi, Bengaluru Top Locations For Apprentice Job In Q4: Report

From a pan-India perspective, 79 per cent of employers showed the intent to increase their apprentice intake during January–March 2023 compared with 77 per...


19 April 2023
Sensex, Nifty Fall For 3rd Day On Selling In IT, Banking Shares, FII Outflows

Sensex, Nifty Fall For 3rd Day On Selling In IT, Banking Shares, FII Outflows

Among sectoral indices, IT fell by 1.68 per cent, and teck declined by 1.48 per cent, while power (1.13 per cent), utilities (0.97 per cent), capital goods...


05 April 2023
TCS To Kick Start Q4 Earnings Season With Marginal Revenue Growth; Infosys, Wipro, Tech Mahindra To Follow Suit

TCS To Kick Start Q4 Earnings Season With Marginal Revenue Growth; Infosys, Wipro, Tech Mahindra To Follow Suit

TCS is expected to lead the IT pack with sequential revenue growth of 1 per cent. While, Infosys, Wipro and Tech Mahindra are expected to register flat revenue...


05 April 2023
Small & Medium IT Companies Hit By High Attrition Rate After Lockdown, Says Survey

Small & Medium IT Companies Hit By High Attrition Rate After Lockdown, Says Survey

According to the survey, technology companies in the MSME sector are facing tough competition from large and multinational companies


31 March 2023
Global Headwinds To Deeply Impact IT Revenue Growth In FY24, Says Crisil

Global Headwinds To Deeply Impact IT Revenue Growth In FY24, Says Crisil

The sector, which supports over 50 lakh people directly, has witnessed a slew of changes lately including some top companies reporting a decline in head count


27 March 2023
ITR Filing: Here’s What You Should Do If You Find Errors In Your Annual Information Statement

ITR Filing: Here’s What You Should Do If You Find Errors In Your Annual Information Statement

If a taxpayer identifies errors in the financial transactions stated on his/her annual information statement (AIS), he/she can raise the issue with the income...


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23 March 2023
D Sundaram To Take Charge As Infosys' Independent Director As Kiran Mazumdar-Shaw Retires From The Board

D Sundaram To Take Charge As Infosys' Independent Director As Kiran Mazumdar-Shaw Retires From The Board

Kiran Mazumdar-Shaw was appointed to the Infosys board as an independent director in 2014, and as lead independent director in 2018


19 March 2023
Where Your Fund Managers Are Investing? Here Are The Details

Where Your Fund Managers Are Investing? Here Are The Details

Investing in a mutual fund scheme is about trusting your fund managers to invest your money in winning sectors and related companies to deliver better returns.


10 March 2023
Deloitte In India Nearly Doubles Workforce In 3 Years

Deloitte In India Nearly Doubles Workforce In 3 Years

Deloitte announced completion of a pilot project to help address the issue of stubble burning in North India


07 March 2023
Nine Of 10 Companies Lack Culture, Organisational Structure To Unlock Digital Growth: Infosys Report

Nine Of 10 Companies Lack Culture, Organisational Structure To Unlock Digital Growth: Infosys Report

The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational...


27 February 2023
Andhra Pradesh: The IT Factor

Andhra Pradesh: The IT Factor

In recent history, dating back to the Y2K years, Andhra Pradesh has been synonymous with a vibrant IT sector. The sector has been a key driver in the growth of...


23 February 2023
Wipro Salary Cut Row: Employee Union Writes To Labour Minister Calling For Strict Action Against Company

Wipro Salary Cut Row: Employee Union Writes To Labour Minister Calling For Strict Action Against Company

Wipro recently reached out to candidates to whom it had earlier rolled out an offer of Rs 6.5 lakh per annum (LPA) asking them if an offer of Rs 3.5 lakh in...


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