PSB Consolidation May Shrink IT Firms’ Business

Technology companies offering niche services to banks face a challenge as public sector lenders consolidate, with issues around shrinking revenue, reduced clients and heightened competition, industry experts have said. Banks may consider changing their technology infrastructure, analysts said. This means,…

New-Age Internet Companies Are Going Big On Soft-Skill Training

New-age internet companies across the eCommerce, food-tech and fintech sectors are increasingly using soft-skill providers to train their workforce. These human resource development programmes have traditionally been used by the manufacturing and automobile industries for their staff. “Even larger companies…

Banks May Take 3 Years For Tech Merger

Banks may take 2-3 years to standardise core technology, products and customer applications after the government proposed to merge some prominent public sector lenders last week, analysts said. “The integration process would take 24-36 months. Website, mobile apps, IVR —…

Mukesh Ambani Sets Out To Dominate Digital India

For all the publicity blitz accompanying Mukesh Ambani’s $30bn charge into the digital economy, the details of his long-term strategy remain a closely guarded secret. Mr Ambani’s Reliance Jio venture has upended India’s telecom sector, devastating the profits of incumbent operators…

India Has Added Two New Tech Unicorns In Just The Last Month

2019 is turning out to be great for Indian internet ventures. It’s not even mid-way into the year, and the country has already seen two internet firms achieve unicorn valuations, and at least one more is close to the milestone.…

Who Wins And Who Loses If India’s Draft eCommerce Rules Are Implemented

In proposing to tighten the rules around e-commerce, India is both offering respite and ruffling feathers in equal measure. The draft e-commerce policy released by the Modi government on Feb. 23 is poised to shake up the country’s nearly $40 billion (around Rs2.8 lakh crore) online…

E-commerce Policy Draft: DPIIT Digs Heels On Data Localisation

Following the ‘data is oil’ argument often used by businesses, the latest e-commerce policy draft focuses on different aspects of data localisation, while also seeking to establish data as an economic resource, said experts. The government has made its intent to regulate…

Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes

As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…

Digging Deeper – Data localisation: RBI deadline ends

The RBI's deadline of 15 October for all payment system operators to comply with the central bank’s data localisation norms just went by. Companies like Visa, American Express, Facebook, PayPal, Mastercard, Google and WhatsApp are required, as per the Reserve…

Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes

As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…

RBI Unlikely To Extend Oct 15 Deadline On Data Localisation

The Reserve Bank of India is unlikely to extend the October 15 deadline for the payments ecosystem players to set up a facility to store transaction-related data in India. Those players that do not comply with the central bank’s April…

Why Indian Startups Are Worried About GDPR Complaince

Indian companies, including startups, have been trying to make sense of the European Union's General Data Protection Regulation (GDPR), which came into effect on May 25, while taking initial steps to inform their customers about the new law and protecting…

Meet The Love Child Of Hermes And Apple: Apple Watch Hermès

On September 9, 2015, Apple announced a new collection of Apple Watch - Apple Watch Hermès. The collection consists of the Apple Watch in stainless steel case with handcrafted leather straps by Hermès, available in three designs. Double Tour. 38mm…

KeyPoint plans to raise £10 million

Move meant to accelerate product rollouts and enter growth markets in Europe, Americas and Asia-Pacific KeyPoint Technologies (UK) Ltd, the company behind the Adaptxt predictive keyboard application, is looking to raise £10 million by December to accelerate product rollouts and…

HCL Tech Net Misses Estimates, Sinks 12% In March Quarter

HCL Technologies recorded a 12% drop in net profit sequentially for the March quarter, missing street estimates as cross-currency movements impacted earnings adversely. The IT major’s net profit during the period stood at Rs 1,683 crore, while it also disappointed…

HCL Tech Profit Up 3.6% In Q3

HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…

HCL Tech Profit Up 3.6% In Q3

HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…

HCL Tech Q3 Profit Rises 3.6%, Misses Estimates

HCL Technologies Ltd, India’s fourth largest software exporter, on Wednesday posted a 3.6% rise in net profit to Rs.1,683 crore for the three months ended March compared with the year-ago period, missing analysts’ expectations. Net sales rose 11% to Rs.9,267…

HCL Tech Misses Estimates, Disappoints Markets

HCL Technologies, the fourth-largest information technology (IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. "These results are a…

HCL Tech Misses Estimates, Disappoints Markets

(IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June.  These results are a mixed bag - while on the…

Topsgrup To Raise $100 Million From International PE Firms

Security firm Topsgrup, run by Tops Security Ltd, is planning to raise $100 million from international private equity (PE) firms to fund acquisitions and provide existing investors a profitable exit. The Rs.1,200 crore company would conclude the private equity deal in…

#GreyhoundInMedia: Wipro (@Wipro) fails to meet Street expectations #Press #Media @financialxpress

Wipro, India’s third-largest IT services exporter, has reported a 0.9% sequential decline in net profit in rupee terms for the September quarter, impacted by wage hikes and its top clients curbing their technology spends. The net profit stood at R2,084…

#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @mybangalore

Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. “With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…

#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @financeeveryday

Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters.In the quarter ended September 30, the Bangalore-based firm reported an eight per cent rise in net…

#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @bsindia

Wipro, India's third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters. "With a sequential growth of 1.8 per cent, we believe that this quarter has been poor…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #theshadow.in

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #indianexpress

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @saharasamay

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media #millenniumpost

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

#GreyhoundInMedia: HCL Technologies (@hcltech) Q1 net profit up 32.3% at Rs 1,873 crore #Press #Media @ibnlive

India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.…

Open chat