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Indian IT could bag a big slice of $160 billion tech deals in Q1 2023Global companies looking to reap the benefit of better pricing amid worsening macroeconomic conditions- COVID-19 pulls down global sourcing market down by 5% in Q2: ISG Index“In line with our prediction last quarter, the managed services market was off 16 percent as enterprises reined in operating expenses in th...
- Small captives may go on the block as a result of Covid-19 pandemicThere are about 1,400 captives in India and about 1,700 in the Philippines and broader Asia-Pacific region. About 40% of all captives have ...
- Indian techies are losing out on all major marketsThe Indian IT industry is grappling with popular protectionist sentiment and efforts to curb labour intake in nearly all its major markets.
- 50 per cent of IT companies will lose part of their work: Digital automation may take bulk of dealsAs deals from Citigroup to BNP Paribas go up for rebid, companies from Infosys to IBM have said they expect cuts on their current contracts.
- PEs, global companies trigger M&A rush in engineering servicesThe engineering services space is seeing a boom in mergers and acquisitions as private equity firms and strategic players look to boost the...
- Wipro eyes $2 billion revenues by 2018 in healthcare businessWipro will look to combine organic and inorganic growth, as it chases its longer-term goal of $2 billion of revenue and target acquisitions.
- Indian IT companies battle it out for Rs 11,000 crore deals in AustraliaIncumbent IT vendors IBM, Infosys and Accenture have sought RFIs and RFPs to participate in mining major Rio Tinto's A$750 million IT-BPO c...
- Shiv Nadar family’s buy doubles share price of HCL InfosystemsThe investment firm Vama Sundari Investments bought two-lakh-odd shares in the beginning of February, translating into 0.1% stake in HCL In...
- Carlyle, Apax among 6 companies to place bids to acquire SourceHOVThe two shareholders have mandated Morgan Stanley for a sale. The initial bids have valued SourceHOV at around $1 billion.
- Tech troubles push IT firms to M&A streetEmerging technologies like cloud computing disrupts traditional biz models. Disruptive technologies & lower spend to drive consolidation.
- Wipro eyes more deals as US banks trim vendor listFor Wipro, winning more business from banking and financial services industry will help it match the growth pace of its rivals.
- Chinese tech cos going private to compete against Indian IT giants in emerging marketsChinese IT companies now have a chance to regroup and better compete against the Indian IT services giants, especially in emerging markets ...
- Indian IT companies create more jobs in US than American peersIndian IT companies have a better track record of creating jobs in the US over the past several years compared to their American peers like...
- Why Infosys is losing momentum in every verticalInfosys's overall revenues dropped below that of Cognizant last year. But what must be worrying the company more is its loss of momentum.
- US Immigration Bill: TCS, Infosys, HCL and Wipro's loss is Accenture, IBM and HP's gainAccenture, IBM and HP stand to gain billions of dollars in revenue at the expense of their Indian rivals if the US Immigration Bill becomes...
- Infosys seeks edge over competition with IPsoft tie-upBy being the first among Indian outsourcing cos to do so, the tieup will give Infosys a head-start on competition in infra management.
- Tech contracts fall: Recovery is unclear, experts say IT cos must learn to survive in new normalAccording to ISG, outsourcing activity sagged in the first three months of 2013, when total value of technology contracts outsourced fell b...
- IT margins headed inexorably downwards, may fall below 20%: AnalystsThe slight improvement in profitability at Indian software services firms in the December quarter is only a flash in the pan, say analysts.
- Quality slips as IT companies may be taking shortcuts to preserve marginsAs India's information technology sector limps out a slump, there is concern that companies may be taking shortcuts to preserve margins.
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