Page 3 - Indian It Industry

Indian IT sector likely to hit $350 billion by 2026, says McKinsey report

McKinsey also pointed that tech business models are reshaping worldwide and IT industry need to refocus

Indian IT sector well-positioned, can double in 4-5 years: HCL Tech CEO

Indian IT players are well-positioned to capture at least 20 per cent share of the trillion-dollar incremental spend on technology over the next 4-5 years, HCL Technologies CEO C Vijayakumar said.

IT industry to grow by 2.3% in FY21 despite dip in tech spends: Nasscom

Exports will go up by 1.9 per cent to USD 150 billion, industry lobby Nasscom said

There is a shortage of digital skills across sectors: Nasscom president

Nasscom president Debjani Ghosh tells Anjuli Bhargava how the non-profit is working to bridge the skills gap and elaborates on its latest initiative, the Future Skills Prime project, for the govt

Trump's biggest H-1B changes blocked: What it means for Indian techies

A US court has blocked two H-1B regulations proposed by the Trump administration to restrict the ability of American companies to hire foreign employees

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Revenue grows 86%; firm revises revenue and margin guidance upward

Indian IT firms to gain as US court blocks Trump ban on H1B, work visas

Order says US President "exceeded his constitutional authority" in his move to ban issuance of non-immigrant visas aimed at creating more employment for American locals

'Trump exceeded constitutional authority': Three key updates on H-1B visa

Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge

India's external storage mkt sees 37% decline in growth on Covid woes: IDC

The majority of the y-o-y decline is due to the impact of Covid-19 resulting in delayed demand for storage across organisations during the quarter, IDC said in a statement

Indian IT companies to see a re-rating similar to FAANG stocks: Edelweiss

Thus far in CY20, the Nifty IT index has risen 15.5 per cent as compared to over 5 per cent decline in the benchmark Nifty50 index.

Data & AI have potential to add $500 billion to economy by 2025: Nasscom

This segment could account for 10 per cent of the country's GDP by 2025, according to the industry body

Nasscom welcomes H1B, L1 visa relaxations; remains 'cautiously optimistic'

"We believe this is a step in the right direction and encourages the implementing agencies to ensure that US businesses' access to critical talent is not hampered," Nasscom said

Mid-sized IT services companies get Cloud, cost-efficiency boost

In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics

Trump signs new order on H1B visa hiring: Only be used to create US jobs

Trump said, H-1B should be used for top highly paid talent to create American jobs, not as inexpensive labour programmes and destroy American job

Bulk of 5G-centric spends to be pushed: TechM's CP Gurnani, Manoj Bhat

"Huawei continues to remain our customer. But they are going through their own cycle, in terms of the US (sanctions) and Covid-19 impact," said TechM's CFO Manoj Bhat

Job seekers confident about career progression as economy reboots: Survey

The LinkedIn Workforce Confidence Index showed a modest increase in India's overall workforce confidence, with a composite score of (+) 50, up from (+) 48 in June 1-14.

Cash-rich Indian IT services companies go aggressive in M&A space

As capital allocation is altered, dividend payout to dip in the ongoing financial year

Covid-19 impact: Govt extends WFH norms for IT, ITeS firms till year end

The decision will help ensure business continuity and employee safety, industry executives said.

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.