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Business News/Industry/ Infotech

Infotech News

A. M. Naik has been associated with L&T for nearly six decades.

AM Naik steps down as non-executive chairman of LTIMindtree, L&T Technology

3 min read . 26 Jun 2024

The country’s $254 billion IT services sector reported the weakest-ever dollar revenue growth of 3.8% in FY24, according to industry body Nasscom. (Photo: Mint)

Why office space is shrinking at Cognizant, Infosys and Wipro

4 min read . 19 Jun 2024

In its second term, the BJP government allotted a nearly $10-billion incentive package for semiconductor projects by the Tatas, Micron and others. (Image: Pixabay)

Decoding the new government's tech agenda: What lies next, in five charts

4 min read . 09 Jun 2024

IT sector's median revenue growth in the fourth quarter of FY24 was 0.7% sequentially in constant currency (CC) terms. (Image: Pixabay)

IT sector FY25 outlook: Uncertain macros to weigh on revenue growth

3 min read . 11 May 2024

Business services are critical to India’s economy. The sector employs 5m people, or less than 1% of Indian workers, but contributes 7% of GDP and nearly a quarter of total exports. (File Photo)

Will chatbots eat India’s IT industry?

4 min read . 11 May 2024

According to a Mint analysis, the overall share of women at TCS, Infosys, Wipro and HCL Technologies remained unchanged at 35.5% as of 31 March, from 35.6% a year ago. Photo: Hemant Mishra/Mint

IT firms must renew efforts to boost women's representation, experts say

3 min read . 09 May 2024

Tech Mahindra was almost single-handedly responsible for the 3% decline telecom revenue at the top five IT firms in FY24, having lost $320 million or 12.1% in annual revenue from telecom clients. Photo: Reuters

Telcos hanging up on tech spending will hurt IT firms

4 min read . 09 May 2024

The three cloud giants together added $2 billion in sequential incremental revenue in the March quarter.

The cloud is building; will TCS, Infosys, Wipro get showers of joy?

4 min read . 08 May 2024

Gartner expects Indian IT services revenue to grow by around 10% this year (Photo: iStock)

Mint Primer | Let the good times roll: IT services eye a better future

2 min read . 22 Apr 2024

After lingering around 18.0-19.0x for most of 2021, the median revenue multiple started its rapid decline in early 2022. It had declined to 6.7x by the beginning of 2023, rebounded to 7.8x at the end of the first half of 2023 and fell again in Q4 of 2023 to 7.2x.

Why investors are wary of SaaS startups, apart from rock-bottom valuations

2 min read . 06 Apr 2024

The number of job offers in the sector in December 2023 declined 21% over December 2022 and 4% over September 2023, according to jobs platform Naukri.com. (Image: Pixabay)

IT hiring will return, but with a difference

3 min read . 21 Feb 2024

Mint had reported that laptop shipments were set to decline in 2023, driven by fewer government contracts, slow tech spending among enterprises, as well as weak consumer demand for new PCs. (Reuters)

Laptop, tablet shipments in India fall amid weak enterprise demand

2 min read . 21 Feb 2024

Net revenue earned by brands selling laptops in India was around $6.5 billion last year, at an average selling price of ₹50,000 per unit. (Bloomberg)

Laptop sales stagnate as enterprise deals slow

3 min read . 06 Feb 2024

Wipro Technologies CEO and MD Thierry Delaporte (PTI/Shailendra Bhojak)

Wipro lost its CFO to Cognizant. Then it lost a big client

3 min read . 01 Feb 2024

Infosys and Wipro have announced that they will skip campus recruitments at least until the end of this ongoing quarter. (Bloomberg)

Bleak year for IT hiring with Big Four at multi-year lows

3 min read . 31 Jan 2024

Shares of Infosys Ltd gained 0.026 per cent to touch ₹1,520.30 on Thursday. (Photo: Reuters)

Infosys Q3 results: Attrition rate declines to 12.9%

1 min read . 11 Jan 2024

Chrome is the most popular web browser globally—over 60% of search engine use takes place on Chrome. (iStockphoto)

Mint Primer | Tracking cookies: Does Google care about your privacy?

2 min read . 11 Jan 2024

Richard Lobo, Tech Mahindra's new chief people officer

Tech Mahindra appoints Infosys veteran Richard Lobo as chief people officer

1 min read . 03 Jan 2024

Many of these departures could also be attributed to slowing growth at both large companies. (HT)

Infosys, Wipro are IT bluechips. But top executives are quitting in droves

3 min read . 25 Dec 2023

MD and CEO Thampy Koshy says the onboarding of new users is being scaled up at a rapid pace on the ONDC protocol. (PTI)

ONDC partners with Google, Meta to reach small businesses

2 min read . 19 Dec 2023

Infotech Stocks

HCL Technologies

₹1,519.250.92%

₹1,647.20.74%

₹5,418.7-0.35%

Tata Consultancy Services

₹4,012.45-0.91%

₹5351.17%