In IT sector, our pecking order of preference would be Infosys in the largecap space followed by Wipro. Within the midcap space we like L&T Infotech and MindTree, says Head of Retail Research, MOSL. Looking at the tearaway rally that Reliance is on, it seems like there is still a lot of pent up appetite … Read more
Gopalakrishnan, however, said that there are no contradictions between the recommendations, as the context in which they had discussed sharing of algorithmic data was different. SynopsisAn authority which will be set-up to regulate NPD will decide what constitutes a fair or an unfair request for data from a competing company, Infosys co-founder Kris Gopalakrishnan said … Read more
PUNE: Indian IT services firms are estimated to have brought back more than 2,000 employees and their families, stranded overseas on account of the Covid 19-induced travel bans. Companies such as Tata Consultancy Services, Tech Mahindra and Wipro have a significant employee base at client locations, primarily in the US, as well as the UK, … Read more
We remain positive on the Indian private sector banks, particularly the retail lending private sector banks and not so much on the retail lending NBFCs, says the Asia-Pacific Head of Equity Research and Asian Equity Strategist, BNP Paribas. It has been a one-way move up for markets, not just back home in India but globally … Read more
Mumbai: The sentiment in the market was upbeat last week, as June quarter earnings surprised investors, and hopes of a vaccine kept global markets firm. Even as the frontline indices logged gains for the fifth straight week, the market breadth was weak with only 202 of BSE 500 stocks registering gains in the week. IT … Read more
Tech Mahindra chief executive CP Gurnani earned 28% more in fiscal year 2020, with annual salary and exercise of stock options taking it to Rs 28.57 crore, the company said in its annual report. While his base salary was Rs 2.79 crore, 21% lower than the previous financial year, vesting of stock options worth Rs … Read more
America is great because of its willingness to accept talented immigrants. That’s what Nandan Nilekani, the billionaire co-founder of Infosys Technologies, would tell President Trump if he had the opportunity. “If you really want to keep the U.S. … globally competitive, you should be open to overseas talent,” Nilekani said on the sidelines of CNN’s … Read more
ET Now caught up with former Infosys Board Member Mohandas Pai for his views on the top level exits in Infosys. Excerpts: ET Now: There are two ways of looking at it the top level exits in Infosys. On the one hand, a lot of people say that there was a team that was probably … Read more