It Sector

HCL Tech To Buy Select IBM Products In 12,700 Crore-Rupees All-Cash Deal

Business | Press Tust of India | Friday December 7, 2018

The deal entails seven products in areas including security, marketing and collaboration solutions, and represents a total addressable market of more than $50 billion, HCL Tech said.

This Tech Firm Started In A Basement; Now It's Being Sold For $8 Billion

Business | Alex Barinka and Mark Milian | Tuesday November 13, 2018

Last valued at $2.5 billion, Qualtrics makes customer-survey software used by the likes of Microsoft Corp. to General Electric Co., helping boost its revenue more than eight-fold over the past seven years.

In Telangana Manifesto, BJP Proposes Yoga In Schools, Sanskrit University

Telangana News | Press Trust of India | Tuesday November 13, 2018

The BJP in its manifesto for the December 7 Assembly polls in Telangana, has proposed introduction of Yoga in schools and colleges and setting up a Sanskrit University in the state, besides establishment of a board for welfare of IT sector employees.

Infosys Is Boring Again, And That's A Good Thing, Says Nandan Nilekani

Business | Yoolim Lee and Saritha Rai | Thursday November 8, 2018

"We have an excellent CEO in Salil Parekh. Infosys is really on a very stable and forward-looking path," said the chairman.

IT Firms Sue US Immigration Agency For Issuing Shorter-Duration H-1B Visas

Business | Press Trust of India | Tuesday October 16, 2018

ITServe Alliance in its 43-page lawsuit filed last week alleged that the US Citizenship and Immigration Services has recently begun a practice of approving H-1B petitions for shorter than three years duration.

Paul Allen, Microsoft Co-Founder And 44th Richest Person Of World, Dies Of Cancer

Business | Indo-Asian News Service | Tuesday October 16, 2018

Despite always staying in the shadow of Bill Gates, his partner and friend since they were teens, Allen was a passionate lover of computers and a key figure in the creation of Microsoft in 1975.

How Sliding Rupee Is Helping India's Economy In One Big Way

Business | Anirban Nag, Bloomberg | Tuesday September 25, 2018

Rupee's double-digit drop against the dollar this year is helping the nation's services exports, according to HSBC Holdings Plc's chief India economist Pranjul Bhandari.

Mamata Banerjee Unveils New IT Policy In West Bengal

India News | Press Trust of India | Tuesday August 21, 2018

West Bengal Chief Minister Mamata Banerjee has unveiled a new IT policy to make the state as one of the leading states in the country in the sector.

Infosys Announces Bonus Issue, Reports Profit Of Rs 3,612 Crore In April-June

Business | NDTV Profit Team | Friday July 13, 2018

For the financial year ended March 31, 2018, Infosys had reported an increase of 11.7 per cent in its consolidated net profit at Rs 16,029 crore.

Tightening Of H-1B Visa Rules To Impact Indian IT Firms, Says Report

Business | NDTV Profit Team | Wednesday June 27, 2018

H-1B rules: The US is also contemplating on awarding visas to the most skilled or to highest-paid beneficiaries.

H-4 Visa Repeal In Final Stage; Spouses Of H-1B Holders At Risk Of Losing Jobs

Business | NDTV Profit Team | Friday May 25, 2018

Repeal of H-4 visa, which allows spouses of H-1B visa holders to work in the US, is in the final stage of clearance, the Donald Trump administration has said. With that, the US government is set to render thousands of H-4 visa holders jobless. Once cleared, the move is likely to affect some 70,000 highly-skilled professionals from India. H-4 visas...

At 32%, Rate Of Job Offer Decline Is The Maximum In This Sector: Report

Business | Indo-Asian News Service | Tuesday May 22, 2018

In terms of job offer declines, the IT sector is followed by the offshoring sector at nearly 30%.

"Mission Accomplished," Infosys Director Resigns To Pursue New Role

Business | NDTV Profit Team | Friday May 11, 2018

"My seven years on the board have been exciting, rewarding and eventful," said Ravi Venkatesan.

H-1B Visa Approvals For Indian IT Companies Drop Sharply: Report

Business | NDTV Profit Team | Wednesday April 25, 2018

Based on the H-1B visa data obtained from the US Citizenship and immigration Services (USCIS), the foundation said that the Tata Consultancy Services (TCS) received 2,312 H-1B visas in 2017 as against 4,674 in 2015, registering a drop of 51 per cent.

Market Outlook: Global Cues, Quarterly Results To Influence Trend

Business | Indo-Asian News Service | Sunday April 22, 2018

Last week, forecast of normal monsoon rains, along with healthy earnings in the IT sector, had lifted the Indian equity markets.