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BFSI NORTH AMERICA
Tech Mahindra to buy 85% in Canada’s Avant Techno SolutionsTech Mahindra is acquiring an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. This strategic move a...- TCS going all-in on AI as $2.3 billion revenue takes shape. 5 takeaways from Q4 resultsTata Consultancy Services signalled a decisive shift by positioning AI as a core growth engine rather than an experimental bet. With annual...
- IT firms upbeat on BFSI discretionary spends takeoffThe BFSI (banking, financial services and insurance) sector, the largest revenue generator for the Indian IT industry, is the biggest techn...
- How BFSI is playing a lead role in Indian IT services comebackIndia’s $250-billion IT services industry is experiencing a rebound, with the banking, financial services, and insurance (BFSI) sector taki...
- The big Indian IT reset: green shoots in Q1 earningsK Krithivasan, chief executive and MD at TCS, said during the Q1 earnings call that BFSI, its biggest vertical, returned to growth sequenti...
- What to expect from HCL Tech Q1 earnings? Omkar Tanksale answersThis largely impacted the operating margin negatively. However, the worst is over, and there are green shoots in terms of demand as they ha...
- Current quarter trajectory better than in last three quarters; we are hopeful FY25 will be better than FY24: TCS CFOTCS leaders discuss integrating with top academic institutions, AI evolution, margin improvement, productivity focus, back to office transi...
- TCS bags deal from regional US lender Central BankCentral Bank manages more than $20 billion in assets serving more than 150 locations in 78 communities throughout Missouri, Kansas, Illinoi...
- Can start nibbling in Infosys; midcap IT may outperform largecaps: Apurva PrasadHDFC Securities has downgraded Infosys from a buy to an add rating, cutting estimates by 5%. While there is an element of sectoral risk fol...
- TCS reports weaker than expected Q4 numbers; flags pain in North American marketOutgoing CEO & MD Rajesh Gopinathan told reporters on Wednesday that the fourth quarter numbers were “definitely weaker-than anticipated.”
- Suresh Muthuswami elevated as chairman of TCS North AmericaTaking over Muthuswami’s role will be Amit Bajaj who will assume the role of president, TCS North America. Bajaj has worked with TCS for 24...
- Accolite Digital goes on a hiring spree to scale up in India, North AmericaThe Texas-based company, which has digital laboratories in Bengaluru, Hyderabad, Gurgaon and Chennai, has hired a new chief financial offic...
- Cognizant appoints Daniel Cohen as head of North America banking businessCohen has worked at French IT services firm Atos and has spent over 27 years at IBM.
- Global brokerages lap up TCS' Q1 nos, quickly raise target pricesMacquarie upgraded TCS shares to 'outperform' from 'neutral' with a target price of Rs 2,015.
- TCS is focussed on getting back to double-digit growth: Subramaniam"I think the exit rate has been very good, and look for good times."
- Top five takeaways: What powered TCS to beat Street estimates on Q3 earningsDuring Q3, growth was led by energy and utilities segment (up 5.8% QoQ), hi-tech (up 2.6% QoQ), BFSI (up 2.1% QoQ), manufacturing (up 2.1% ...
- Wipro doubles down on banking customers, rejigs the unitWipro currently generates just over a quarter of its overall revenues from the BFSI business, which pales in comparison to rivals such as T...
- Mahindra Satyam opens delivery centre in North AmericaMahindra Satyam, a leading global consulting and IT services provider, today announced opening of its new delivery centre at Fargo in North...
- Infosys still the industry bellwether, but may be affected by weak US recovery: Nitin RakeshWhenever you have a stimulus driven recovery in the economy, like US, it is not something that sustains discretionary spending, especially ...
- Firstsource sees 150-200 bps rise in operating marginsBack-office firm Firstsource Solutions Ltd sees a 150-200 basis points rise in operating margins in next few quarters on higher productivit...
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