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Justdial receives approval to raise Rs 1,000 crore for bigger online playWhile Flipkart has raised over Rs 7,200 crore in funding this year, Amazon plans to pour in Rs 12,000 crore into its Indian operations.- IT, Pharma stocks back in demand; could outperform power & banking stocks over the next few monthsAnalysts said investors remain optimistic about select stocks in healthcare sector, which performed in line with analyst expectations in Ja...
- HCL Tech bullish on the year ahead with strong lineup of contracts: CEO Anant GuptaHCL’s comments come at a time when larger rivals Infosys and Tata Consultancy Services have flagged the likelihood of a softer March quarte...
- Drop in TCS scrip wipes out Rs 16,000 crore in investor wealthTCS emphasised that 'weak' India business and lower working days - likely impacted by harsh winters in the US - could drag the quarterly gr...
- Cognizant reshuffles top deck, sets stage for new CEOThe move, announced on Friday, essentially creates a shortlist for the next CEO, according to people familiar with Cognizant management’s t...
- MphasiS may see $100 million drop in HP business next yearDeclining business from its largest customer, Hewlett-Packard, is back to haunt mid-sized technology services company MphasiS.
- Infosys earnings may fall; all eyes on Narayana Murthy againMurthy may have the unenviable task of paring growth forecast for Infosys as cross-currency swings shave off gains from rupee's depreciatio...
- Modest growth and stable margins for large Indian IT outsourcers like Wipro, Infosys and TCSThe first and second quarters are seasonally strong quarters for IT firms from a demand perspective but because of global uncertainty, grow...
- US immigration bill is a big headwind for IT sector: N Chandrasekaran, TCSWhile IT cos are scrambling to minimise the impact of proposed visa rules, analysts expect CTS & TCS to be the most affected.
- Cognizant, TCS revenue largely from US, to be most hit by new visa rulesThe immigration bill says if an employer has more than 50% of employees on H-1B or L-1 visas, it must pay $10,000 fee per additional worker.
- 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...
- MphasiS outlook bleak despite HP’s better than expected earnings“The weakness is likely to persist in the first half of fiscal 2013 as well,” analysts Shashi Bhushan and Pratik Shah wrote in a report for...
- Red flags from IT firms like Cognizant, Infosys & Hexaware put question mark over recovery in 2013The negative sentiment brought on by the barrage of bad news pushed shares of most large-cap IT down during the last two trading sessions.
- Tough time ahead for Mphasis as Hewlett Packard cut its sales forecastMid-sized IT services firm Mphasis seems headed for tougher times after its parent and biggest client Hewlett Packard cut its sales forecas...
- Infosys declines by 1.2 pc on CLSA downgrade talkShares of Infosys declined 1.2 pc on speculation that broker CLSA, in an internal note, cut the stock's target price to Rs 1,566.
- iGATE posts 217.5% jump in Q2 net profit to $12.7 mnSequentially the California based company saw its revenues rise by 2% increase in line with market expectations, while net profit declined ...
- Nomura reiterates preference of TCS over InfosysNomura has reiterated it prefers Tata Consultancy Services over Infosys after both companies declared their first quarter results on Thursd...
- All eyes on Infosys $4-billion cash pileAs Infosys announces its earnings for fiscal 2012, expectation is building that it will hand back some of its $4-billion cash pile as a spe...
- Infosys CFO V Balakrishnan hints at single-digit pay hikeOver the last several years, barring during the 2008-09 financial crisis, the IT sector has given double-digit hikes to employees.
- Infosys stock price target cut, ratings unchangedInfy stock price target is being cut as investors ponder the co's future beyond its founders and its ability to survive in a competitive wo...
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