[ad_1] NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore … Read more
[ad_1] New Delhi: The tech industry has experienced a growth in full-time job opportunities while contractual and part-time jobs witnessed a decline from April 2019 to April 2023 in India, a new report has shown. The data released by leading job portal Indeed showed sluggish job growth in part-time and contractual tech jobs, with only a … Read more
[ad_1] New Delhi: IBM has signed a deal buying cloud software company Apptio at the cost of $4.6 billion. Apptio is founded by Indian – American Sunny Gupta who is a renowed entrepreneur and technology visionary. The software giant aims to expand its existing IT automation software and AI platform to offer businesses solutions. “The acquisition … Read more
[ad_1] New Delhi: IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price … Read more
[ad_1] BENGALURU: Employee costs as a percentage of revenue has risen in large Indian IT services companies in the past quarter, which explains why some of them are laying off staff, or sharply reducing hiring.TCS reported a sequential revenue increase of only 0. 6% in constant currency, and the employee cost as a percentage of … Read more
[ad_1] Last Updated: April 14, 2023, 05:58 IST The country’s imports also grew by 16.5 per cent to USD 714 billion in 2022-23 as against USD 613 billion in 2021-22. (Representative image) The total goods and services exports during the last fiscal grew by 13.84 percent to USD 770.18 billion The country registering an all-time … Read more