Foreign institutional investors (FIIs) continued their selling spree on Thursday, offloading Indian equities worth Rs 6,867.72 crore even as domestic buyers remained net buyers at Rs 3,718.38 crore. Notwithstanding the sell-off by foreign investors, Indian headline indices on Thursday ended in the green for the second day in a row aided by strong gains in … Read more
The Indian IT industry has been rapidly growing. The Indian CEOs of these companies have played a major role and are behind the success. The list of biggest IT companies in India comprises Tata Consultancy Service (TCS), Infosys, HCL, and Wipro among others. Let’s find out how much money the CEOs of TCS, HCL, Tech … Read more
Shiv Nadar is a renowned businessman, best known as the founder and Chairman Emeritus of HCL Technologies, one of India’s largest software services companies. In 1976, he founded HCL in a garage with the aim of manufacturing calculators and microprocessors. Currently, HCL Technologies, with a revenue of $11.8 billion, is one of the leading software … Read more
Mumbai: Analysts expect IT spending in the US to remain mostly resilient in the near term, but advise that investors need not be in a hurry to lap up shares of Indian technology companies despite the recent decline in prices. Though Indian IT companies have reported strong revenue growth in the June quarter, with most … Read more
Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more
NEW DELHI: HCL Technologies, the third largest IT services company in India, is likely to report mid-teens revenue growth and a strong profit growth for the March quarter on Thursday. Analysts expect year-on-year (YoY) revenue growth in the range of 15-16 per cent, while the growth in USD terms will likely be closer to 10 … Read more
There might be a 5-7% revision in price targets because we have already upgraded it a bit. We also need to see how 3Q, 4Q margins will be because the currency is appreciating and there are wage hikes as well, says Madhu Babu, analyst, Centrum Broking. The TCS buyback quantum is a little lower than … Read more
India’s leading IT company HCL has set up its first development centre in Sri Lanka, the Indian High Commission here said on Tuesday. Prime Minister Mahinda Rajapaksa, who attended the inauguration ceremony, spoke about Sri Lanka’s efforts to accord priority to the IT sector and develop the country as a global technology hub. He observed … Read more