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Information technology

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

JP Morgan's Insightful Report: Recovery Signals and Stock Upgrades in IT

Thu, Jan 04, 2024

JP Morgan's report on ITSector, expecting recovery in the sector, upgraded some stocks, upgraded Infosys and LTTS to Overweight rating, know complete details in this video

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

IT Industry Budget Boom in the New Year and IT Index 20-Month High on

Thu, Dec 14, 2023

IT companies boom in 2024! IT budget is going to increase in the new year, growth triggers for IT companies, #ITIndex at 20 month high, change in guidance of IT companies also possible

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Surge in Confidence: Why Global Brokers Are Betting Big on IT Companies

Thu, Oct 05, 2023

Global brokerages bullish on T companies. Why did trust in IT companies increase? Top pick in IT of Global Brokerages? See complete details in this video

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TCS share buyback will not affect rating: S&P

TCS share buyback will not affect rating: S&P

Wed, Feb 22, 2017

Abhishek Dangra and Ashutosh Sharma, analysts at S&P said, "TCS' operations continue to perform in line with our expectations and support the rating. We believe TCS will maintain its net cash positive financial position, even if its offer for share repurchase were to be fully subscribed."

Verizon, Yahoo agree to lowered $4.48 billion deal

Verizon, Yahoo agree to lowered $4.48 billion deal

Wed, Feb 22, 2017

The deal brings to Verizon Yahoo`s more than 1 billion users and a wealth of data it can use to offer more targeted advertising. Verizon will combine Yahoo`s advertising technology tools as well as its search, email and messenger assets with its AOL unit, purchased for $4.4 billion in 2015.

TCS share buyback: Should Infosys follow suit?

TCS share buyback: Should Infosys follow suit?

Tue, Feb 21, 2017

However, analysts and industry experts have now trained their eyes towards the other IT behemoth -- Infosys Ltd. Should Bengaluru-based bluechip that is currently in a corporate governance storm follow TCS and announce its own share buyback to appease shareholders?

Adopt tech and be agile, else become history: Mundra to banks

Adopt tech and be agile, else become history: Mundra to banks

Tue, Feb 21, 2017

Reserve Bank deputy governor SS Mundra warned that unless traditional banks quickly convert themselves in to a new-age digital banks, they face the risk of becoming history.

Infosys refutes whistleblower's charges on Panaya deal

Infosys refutes whistleblower's charges on Panaya deal

Tue, Feb 21, 2017

"We refute the allegations made in the anonymous whistleblower letter. The assertions are libellous and aimed at tarnishing the company`s image and its management," asserted the IT major in a statement here.

Tata Consultancy Services approves buyback plan; to spend Rs 16,000 crore

Tata Consultancy Services approves buyback plan; to spend Rs 16,000 crore

Mon, Feb 20, 2017

TCS said, "The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanishm in accordance with the provisions contained in Sebi.

Tech Mahindra sees bigger business from Vodafone-Idea merger

Tech Mahindra sees bigger business from Vodafone-Idea merger

Sun, Feb 19, 2017

"It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend.

GST's IT infra firm under scrutiny for tax evasion

GST's IT infra firm under scrutiny for tax evasion

Sat, Feb 18, 2017

"It is a preliminary inquiry to seek clarification. But as a first step, we just send a letter and summon comes only as the second resort. In this case, it looks like the work of an over-enthusiastic assessing officer who has skipped the first step and directly given a summon, which is wrong," the source told IANS.

China's 4G users reached 770 million by 2016 end

China's 4G users reached 770 million by 2016 end

Sat, Feb 18, 2017

Zhang Feng, spokesperson and chief engineer for the Ministry of Industry and Informational Technology, on Friday said China has made great progress in the research and development of TD-LTE, the nation`s fourth-generation (4G) telecommunications technology, even forming a relatively complete industry chain that includes the 4G system, terminals, chips and metres, the People`s Daily reported.

Disappointed with Infosys' explanation on issues: Balakrishnan

Disappointed with Infosys' explanation on issues: Balakrishnan

Tue, Feb 14, 2017

Infosys former CFO V Balakrishnan on Monday, said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

Pai urges investors to question Infosys' cap allocation policy

Pai urges investors to question Infosys' cap allocation policy

Sun, Feb 12, 2017

"Capital allocation is very important. Institutional investors should raise those questions. They have a duty...Institutional investors should raise questions on governance because it concerns the company's reputation," Pai told PTI in an interview.

LIC's stake in Infosys rises to 7.02%

LIC's stake in Infosys rises to 7.02%

Sat, Feb 11, 2017

The disclosure comes at a time when the company's founders and its board have clashed over the issues of corporate governance, CEO compensation and severance pay of former CFO.

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Tue, Feb 07, 2017

The Central Board of Direct Taxes announced on Tuesday of signing four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.

Tech Mahindra's Q3 net profit up 14%

Tech Mahindra's Q3 net profit up 14%

Mon, Jan 30, 2017

Vineet Nayyar, Vice Chairman of Tech Mahindra said, “The strong deal wins and business momentum during the quarter reaffirm that we are on the right track to capitalize on the opportunities from the global digital transformation and see measurable benefits from that."

Can Tech Mahindra overcome its Q2 decline this Q3?

Can Tech Mahindra overcome its Q2 decline this Q3?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Trump's 'Buy American-hire American' pledge unnerves Indian IT

Sun, Jan 22, 2017

New US President Donald Trump's 'Buy American-hire American' rallying cry has put the USD 150- billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourcing and movement of skilled workers.

Will continue my association with TCS: Chandra to employees

Will continue my association with TCS: Chandra to employees

Sat, Jan 14, 2017

"I have enjoyed every one of the 31-plus incredible years I have spent with the company. The successes TCS and I have enjoyed during this period would not have been possible without the amazing support from all of you, my colleagues," said Chandrasekaran.

Attrition rate at Infosys, TCS slows in Q3

Attrition rate at Infosys, TCS slows in Q3

Fri, Jan 13, 2017

The attrition rate at two of India’s top IT firms slowed in the third quarter (Q3) of the financial year (FY17).

IT stocks shrug uncertainties over Trump's H1-B curbs

IT stocks shrug uncertainties over Trump's H1-B curbs

Thu, Jan 12, 2017

A PTI report on Thursday said, “US President-elect Donald Trump's nominee for the post of Attorney General has assured lawmakers of taking steps towards pushing legislative measures to curb misuse of H-1B and L1 work visas significantly used by Indian IT professionals.”

Tata Consultancy Services to announce third quarter results today; here's what to expect

Tata Consultancy Services to announce third quarter results today; here's what to expect

Thu, Jan 12, 2017

Sandip Agarwal and Pranav Kshatriya analysts of Edelweiss Financial Services said, “TCS’ execution capability, client relationships and leadership are impeccable. We believe, few niggling issues like LATAM, Diligenta and Japan, which have taken a toll on the company’s overall growth rate in past few quarters, are probably in the last leg and be largely over by FY18."

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