The skilled workforce at GCCs, accustomed to serving US and European clients, are prime targets for competing GCCs seeking to onboard personnel without delay, as they enter or expand operations in India. “GCCs, too, are susceptible to attrition risk, in view of rising demand for talent across GCCs, particularly withRead More →
Excluding the Oil & Gas sector, it sees a 10.2 percent growth in EBITDA and 15.1 percent growth in PBT for its coverage universe. According to PL, Auto, Capital Goods, Pharma, Metals, Building Materials, Housing Finance Companies, and Travel will lead growth, however, Chemicals, Media, Education and Telecom will beRead More →
In a recent note, brokerage house IIFL Securities forecasted that it expects 1) Indian GDP growth sustaining at 6%+, 2) globally declining inflation and yields, but 3) weakening global growth thanks to monetary tightening over the last 2 years causing commodities price softness. While monetary easing normally suggests commodities buoyancy,Read More →
Driven by a surge in the shares of IT and financial services companies, the Nifty 50 and the BSE Sensex lifted off for a second straight session, touching new highs of 21,492.3 points and 71,605.76 points during the day. The Nifty 50 closed 1.3% higher at 21,456.65, while the BSERead More →
If you are looking for fireworks in the September quarter earnings (Q2FY24), then don’t look at the information technology (IT) sector. The narrative for the second quarter (Q2) has not changed much versus the recent quarters. Technology companies are poised to clock muted revenue growth despite a robust deal pipeline.Read More →
The wait is over for investors in the Coforge Ltd stock. On Thursday, the midcap inform-ation technology (IT) services comp-any said existing promoter HULST B.V. (Baring Private Equity Asia) sold its entire 26.63% stake in Coforge. This development allays some investor concerns and is sentimentally positive. As analysts from Nuv-amaRead More →
The stock of L&T Technology Services Ltd (LTTS) hit a new 52-week high of ₹4,408.95 on Wednesday. The company’s management recently met analysts and spoke about the improving near-term demand outlook. According to management, barring a few pockets of weakness such as telecom (semiconductors), deal pipeline is improving. Although paceRead More →
Info Edge (India) Ltd was expected to be at the receiving end of the slowdown in the information technology (IT) sector in the March quarter. After all, the company’s recruitment solutions vertical, which includes Naukri.com, derives about half of its billing from IT. However, Info Edge has clocked a decentRead More →
There are no silver linings in Infosys Ltd’s results for the March quarter. Constant currency (CC) revenue fell by 3.2% sequentially, against the widely-held expectation of a marginal growth. For perspective, Tata Consultancy Services Ltd (TCS) had seen 0.6% CC sequential revenue growth. Both information technology (IT) services firms sawRead More →
