Tag: IT

IT spending in India to grow 8% in 2021 amid pandemic

Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6 per cent from 2020.

July 14, 2021

Commodities, IT, finance stocks dominate Nifty’s 10K-15K journey

The 'India Strategy Report' noted that in the first leg of the up move from 7,600 to 10,000, Reliance Industries, along with pharma and auto stocks, led the gains.

February 9, 2021

Sensex recovers over 200 pts in early trade

The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.

May 7, 2019

Sensex, Nifty up by 1%, IT slips in red on strong rupee

On Wednesday, provisional data with the exchanges showed that foreign institutional investors bought stocks worth Rs 961.26 crore.

November 29, 2018

IT minister Ravi Shankar Prasad discusses data sovereignty with USIBC

The minister also noted that "democratic countries including the US and India" need to work together on both the opportunities and challenges emerging in the digital space, he said.

November 13, 2018

Is Anand Mahindra coming out with alternative to Facebook?

Amidst talks of Facebook ‘data breach’, chairman of Mahindra group Anand Mahindra has mooted the idea of establishing a domestic alternative of the American-based social media giant. Anand Mahindra in a tweet said, “Beginning to wonder if it’s time to consider having our own social networking company that is very widely owned & professionally managed...

March 27, 2018

Trends to keep in mind

The change in the world of technology is happening at a pace which we have not experienced in the past. Implementation of new cutting-edge technology is moving out from a drawing board stage to being practiced by companies across the world. As more and more organisations undertake the process of digital transformation to offer tech...

February 9, 2018

Hollywood superheroes won the Indian box office game

Be it Wonder Woman, Spider-Man, Thor or Hulk, stories about superheroes battling supervillains in a fantasy world turned out to be the hit formula for Hollywood at the Indian box office this year. Even as Indian actresses Priyanka Chopra and Deepika Padukone didn’t quite live up to box office expectations around their Hollywood debuts —...

December 29, 2017

IT department conducts surveys at bitcoin exchanges

The Income Tax (IT) department on Wednesday conducted “surveys” at nine bitcoin exchanges around the country to gather information about the investors and traders of the crypto-currency. “The department has carried out surveys at nine bitcoin exchanges located in various cities including Delhi, Mumbai, Pune, Bengaluru, Hyderabad, Ghaziabad and Gurugram,” a senior IT department official...

December 13, 2017

Top eight BSE companies add Rs 57,998 cr to market valuation

The combined market valuation of eight of the top 10 valued firms soared by Rs 57,998.58 crore last week, driven by FMCG major Hindustan Unilever (HUL) and the country’s largest carmaker Maruti Suzuki India. India’s largest IT services firm Tata Consultancy Services (TCS) and HDFC Bank were the only losers among 10 most valued firms...

December 10, 2017

West Bengal to announce new IT policy in January: CM

The West Bengal government will announce a new information technology (IT) policy at Bengal Global Business Summit (BGBS) in January, chief minister Mamata Banerjee said today. The government has had discussions with industry bodies such as ASSOCHAM, CII and Nasscom before framing the policy, she said. “We have decided to announce a new IT policy...

December 7, 2017

Stock-specific buying pushes equity indices higher

Healthy buying in IT, metals and healthcare stocks pushed the key Indian equity indices higher during the mid-afternoon trade session on Monday. According to market observers, a surge in stocks of IT major Infosys, along with other index heavyweights like Tata Motors, Bharti Airtel, HDFC and Hindustan Unilever added to the upward trajectory of the...

December 4, 2017

No change in law for H1B visa system: US govt

Amid the H1B visa row in India, the US government on Friday said there has been no change in law regarding the H1B regime and the system continued to be as before. Acting Deputy Assistant Secretary for State for South Asia Thomas Vajda said no legislation has been passed so far on the particular category...

December 1, 2017

Income Tax officials raid 33 places in Tamil Nadu

Income Tax (IT) officials on Tuesday raided 33 premises in Tamil Nadu here and Madurai belonging to three business groups. It is a follow-up to its earlier searches linked to jailed AIADMK leader V.K. Sasikala’s kin and business associates, said a senior official. “Search operations are on… The officials are carrying out searches in the...

November 28, 2017

Indian government’s IT spending to hit $8.5 bn in 2018

Picking up the pace after demonetisation and a drop in industrial production, IT spending in the Indian government sector is projected to reach $8.5 billion in 2018. This is an increase of 8.9 per cent from the 2017 estimated spending of $7.8 billion as software and IT services continue to exhibit strong growth along with...

November 15, 2017

IT spending in India to hit $87.1 bn in 2018

Riding on the wave of digital transformation, the IT spending in India is forecast to hit $87.1 billion in 2018 — an increase of 9.2 per cent from $79.7 billion (estimated) this year, Gartner said on Tuesday. Enterprise software and IT services continue to exhibit strong growth, with devices segment driving the majority of overall...

November 14, 2017

IT spending in Indian banking sector to hit $9.1 bn

Buoyed by the transition of the banking sector into a cashless society, IT spending in the banking and securities firms in India will hit $9.1 billion — an increase of 11.7 per cent — this year, Gartner said on Monday. Several top banks in India are investing heavily into contactless payment that uses near-field communication...

November 13, 2017