Mumbai: Kotak Institutional Equities said the Indian market continues to be a mix of being “rightfully optimistic and mistakenly euphoric”. The brokerage said parts of the market rightfully reflect the strength of the Indian economy and its long-term growth prospects, while the other parts reflect “extreme euphoria linked to baseless narratives.” Kotak said the market … Read more
Good news for IT sector job seekers! Technology talent demand surged to a new high in February, sparking hopes of recovery in the IT services job market. In February, hiring mandates for IT professionals reached 124,000, a significant 50% increase from January and 33% higher than December, according to data from Xpheno, a staffing firm.However, … Read more
NEW DELHI: The joint venture of tech consulting firm LTIMindtree and Aramco will mirror India’s strategy to build a technology talent pool in Saudi Arabia and enhance women’s employment in the country, a senior official of the Indian IT company said. LTIMindtree and Aramco have formed a joint venture to create a next-generation digital and … Read more
Wipro Q3 results: Wipro Ltd faced a challenging quarter ending in December, reporting a 12% year-on-year decline in consolidated net profit to Rs 2,694 crore. The overall consolidated revenue also witnessed a 4.4% drop to Rs 22,205 crore during this period.According to ET, both the bottom line and top line results aligned closely with expectations. … Read more
BENGALURU: The IT services winter shows no signs of abating. TCS and Infosys’s results for the December quarter showed just how bad the global environment for the industry is. TCS’s revenue grew just 1.7% year-on-year in constant currency (which discounts impact of currency fluctuations), while that of Infosys declined by 1%. In dollar terms, TCS’s … Read more
LTIMindtree has announced integration of its subsidiaries; Syncordis and Nielsen+Partner to form a specialized Banking Transformation Practice (BTP). LTIMindtree’s BTP is designed to deliver end-to-end Consulting, Digital and IT services, leveraging commercial off-the-shelf (COTS) products and platforms serving Banks and Capital Market firms. Nachiket Deshpande, Whole-Time Director and Chief Operating Officer, LTIMindtree, said, “We envision … Read more
NEW DELHI: IT services firm SourceFuse expects to cross Rs 200 crore revenue mark this fiscal driven by its machine learning solution segment, a senior company official said. SourceFuse Co-CEO and Co-Founder Gautam Ghai told PTI that the company plans to increase headcount by about 25 per cent to 700 people next year from around … Read more