Private Equity Firms See Gold In Mid-Size Indian IT Firms

Indian IT firms, especially in the mid-tier segment, have seen a rise of private equity firms placing stakes on them. While faster technology at mid-size IT services companies have attracted PE firms such as Blackstone, Carlyle, ChrysCap, Bain Capital, The Baring Asia and others to invest in the sector; PE-backed companies have seen faster growth at a time when their large listed peers slowed down due to uncertain market.

Tech Mahindra Sacking: IT Cos’ HR Policies Need To Change

Anand Mahindra’s tweet seeking apology for the rude sacking of an employee, though admirable, glosses over the problems faced by Tech Mahindra in particular and the IT sector in general.

Nasscom Pegs IT-BPM Exports Growth Rate At 7-8 Per Cent For FY17-18

Industry body Nasscom projected software export growth in fiscal 2017-18 at 7-8% in constant currency, down from 8.6% last year.

If Only India’s IT Companies Could Focus On Real Transformation Instead Of Appeasing Trump

On May 02, Infosys, India’s second largest information technology (IT) company, announced that it will hire 10,000 American workers over the next two years. Three days later, on May 05, Nasdaq-listed Cognizant Technology Solutions, which has a large presence in India, also revealed plans to significantly ramp up hiring in the US. if and when they do end up attracting talent, Indian IT companies may have to pay through their nose for it.

Nightmare On IT St: Thousands To Be Sacked

Infosys, Tech Mahindra and Wipro, which went on hiring frenzies when times were good, are today in the process of laying off thousands of their workers across various locations and experience levels. Industry watchers believe that more layoffs are inevitable.

Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries

India’s famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US and European markets.

Trump Visa Crackdown Prods IT To Create US Jobs

With President Donald Trump making it abundantly clear that he will curb immigrant work visas to protect domestic jobs, technology outsourcing firms such as Tata Consultancy Services, Infosys and Wipro are focusing on localisation and hiring more Americans to serve their clients in the U.S.

Realigning To New H1B Realities: Infosys Announces Hiring Plans For US

On May 2, 2017 Infosys announced plans to hire 10,000 American workers over the next two years. 

At Greyhound Research we believe, steps such as these by IT Services Providers eloquently tell a tale of the pressure they are experiencing under the new Trump administration.

H-1B, Singapore Protectionism: Calm Down, This Is No Do Or Die Battle, Indian IT Has Weathered Bigger Storms

With the latest missive from the Donald Trump administration on H-1B visa, cautioning companies against misuse, the immigration issues of the Indian IT sector are back in news. And it is not the US alone that is drumming up protectionism for political gains. However, industry observers say that Indian IT services companies are resilient enough to weather such issues.

Trump Begins Clampdown On H-1B Visas

In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme.

Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries

India’s famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US and European markets.

Are Indian Techies Safe Abroad?

In this era of globalization, competition is increasing in every field. In India, jobs in IT sector are multiplying day by day and the craze among the employees to go abroad is on a high note.

How terror is affecting Indian techies overseas

When Nirmal Jain, an IBM employee, was about to be sent to Jordan on his first onsite posting, his family had serious concerns about security.

However, for Jain, now 24, it was a blessing in disguise. IBM paid him a daily hardship allowance of about 40 Jordanian Dinar (roughly ₹4,000) as the country, which borders Syria and Iraq, is considered a high-risk location.

The Dealmaker – TechMahindra

When Vineet Nayyar joined Tech Mahindra (called Mahindra British Telecom), it was a mere $110-million company. Today, it has revenues close to $3.9 billion, and is the second biggest company in the Mahindra Group with a share of 23 per cent of group revenues. It is also No. 6 in the Indian IT services pecking order – after TCS, Cognizant, Infosys, Wipro, and HCL Technologies. Most of the growth has come in the past three years, as the company followed an aggressive acquisition-led strategy. Sitting in his plush yet elegant home in Delhi’s tony Friends Colony, and surrounded by several paintings of M.F. Husain, Nayyar, Vice Chairman of Tech Mahindra, says: “There are two aspects (to acquisitions). One is finding the right asset. But, far more important is to make it work. And that is where we differentiate.”

Vodafone in talks with IBM to renew ₹6600 Cr outsourcing contract

Vodafone India has started talks with software major IBM for renewal of a $1 billion (Rs 6,600 crore) outsourcing contract that is set to expire in June 2016, while also sounding out Wipro, Tata Consultancy Services, Infosys and Tech Mahindra, two people familiar with the matter said.

VodafoneIn has a new ally in IBM for a whopping $1 bn deal

Vodafone, one of India’s top telecom operators, is now in talks with the software major IBM for the renewal of a $1 billion outsourcing contract that will expire in June next year.

The mobile network operator outsources services like management of application development and the network services in the IT sector. IBM, which is trying to retain the deal, is also planning to sell its data analytics solutions to Vodafone, as published in an Economic Times report, adding that companies like Wipro, TCS, Infosys and Tech Mahindra are also under consideration for the deal.

Jaspreet Bindra to helm Mahindra Group Ecommerce Plan

The Mahindra Group is drawing up a digital and ecommerce strategy and has hired Jaspreet Bindra, an angel investor and former CEO of Askme.com, to helm the initiative, as India’s oldest business houses begin to seriously tap technology.

Jaspreet Bindra to helm Mahindra Group’s digital, ecommerce plan

The Mahindra Group is drawing up a digital and ecommerce strategy and has hired Jaspreet Bindra, an angel investor and former CEO of Askme.com, to helm the initiative, as India’s oldest business houses begin to seriously tap technology.

Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing

Capgemini’s $4 billion offer to acquire iGATE–the largest buyout of an India-related IT services firm–could well be a harbinger of a clutch of merger and acquisition (M&A) deals involving mid-size firms, say industry watchers.

With IT Companies The King Of Good Times, Clients Want To Be Prince

Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from the labour-based model.

Big Local Tech Buyers Push IT Vendors For Rate Cuts

Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from the labour-based model.

Eyeing The Smart City Pie

A smart city is definitely much more than the ICT deployed in it but at the same time there is no doubt that it is the ICT solutions that go into making of the city and turning it smart for its citizens making it livable. According to the National Institute of Urban Affairs (NIUA), the level of urbanization will reach 50 percent in India by 2039 from the current 31%. The government-led smart city initiatives will buttress IT companies to grow in the region, underpinned by intelligent networks.

Q2 Call: HCL Technologies Expects A 210 bps Hit On Its Revenue

India’s fourth ­largest information technology outsourcing company HCL Technologies said on Tuesday that it expects a strong dollar to adversely impact its revenue in the second quarter ending December 2014.

Deal stream: Six deals worth Rs 27,153 crore closed in just seven days

With markets hitting new highs almost everyday and business sentiment improving, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs 27,153 crore in just seven days.

Deal Street Sees Rs. 27,000-Crore Mergers and Acquisitions in a Week

With the markets hitting new highs almost every day and an improving business sentiment, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs. 27,153 crore in just seven days. The deal makers are expecting more such “frenzied” weeks and months ahead with domestic deals overshadowing both outbound and inbound deals due to the rising market sentiment.

Tech Mahindra Buys LCC For $240 Million In Largest Indian IT Deal This Year

In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal.

Tech Mahindra buys LCC for $240 million in largest Indian IT deal this year

In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal.

Tech Mahindra Q2 Net at Rs 719.7 cr

Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 Net at Rs 719.7 cr

Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 Net at Rs 719.7 cr

Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 Net at Rs 719.7 cr @the_hindu

Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 revenue grows by 15 per cent, to Rs 5,487 crore @BT_India

Country’s fifth largest software services firm Tech Mahindra today posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 Net at Rs 719.7 cr @zeenews

Country’s fifth largest software services firm Tech Mahindra today posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

Tech Mahindra Q2 Net at Rs 719.7 Cr @bsindia

Country’s fifth largest software services firm Tech Mahindra today posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals.

#GreyhoundInMedia: Asia-Pacific, Middle East new focus areas for IT services firms #Press #Media #Mint

Indian software services exporters have begun sharpening their focus on countries like Japan, China, Malaysia, Australia and those in the Middle East, given the growth potential of these markets.

#GreyhoundInMedia: 马恒达科技公司第一季度利润下降 8% #Press #Media #Cailiao

马恒达科技公司,印度第五大软件服务公司,表示第一财季盈利下降8%,错过分析师的预期,较高的签证和雇佣成本。净利润下降至631亿卢比,在三个月截止六月三十日,从去年同期的686亿卢比,该公司周四表示。利润从之前三个月上涨了2.7%。马恒达科技公司的营收同比增长24.8%,至5122亿卢比。41个调查的分析师预计收入为5078.3亿卢比,而38个分析师预计净利润为680.4亿卢比,在6月的季度。以美元计算,收入上升18.1%,至8.55亿第二季,从上一季度的3.63%。