News at Pareekh
Engineering Service Industry 4.0
August 2023
M&As in engg services space set to pick up.
Amid low attrition, IT companies see a massive churn in top leadership
Nasscom seeks review of licensing rule for PCs, other equipment
HCL Tech to take on 400 staffers from its client
Midsize IT cos in a fix as deals hit slow lane
IT firms bank on new tech spends by global retailers
Driverless vehicles on our roads?
IT firms focus on acquisitions to tap new revenue streams
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Infosys bags $1.6 billion deal from Liberty Global
Deal wins for IT firms may hit their margins: Analysts
Lower spend on 5G dents IT cos’ top line
TCS, Infosys move beyond US for big BFSI deals
Amid Low Attrition, IT Companies Witness Massive Churn in Top Leadership in 2023
artificial intelligence to replace 5 full time tech jobs annually in five years report
IT Firms Focus on Acquisitions to Tap New Revenue Streams in 2023
IT Firms Bank on New Tech Spends by Global Retailers: A Deep Dive 2023
Two youths from gujarat have created a rickshaw pulling
qr code in mehndi art video goes viral on raksha bandhan
July 2023
HCL to acquire German firm ASAP for $279 million
Caution’s the word as Big IT battles deal rampdowns
IT firms in inorganic route for top line push
GCCs on a hiring spree, IT firms look at their bench for talent
Some midsize IT cos to hit slow lane in Q1
Experts say TCS’ return to vertical ops structure will help it in slump
TCS net up 16.8% in Q1; margin & attrition dip amid a strong orderbook
Indian IT sector’s Gen AI push is more FOMO than actual revenue conversion: Industry experts
Mohit Joshi faces a daunting task ahead at Tech Mahindra: Analysts
IT firms eye fixed price projects to improve margins
Foxconn exits chip-making joint venture in India with Vedanta
Slide in small deals a big headache for IT firms; macro concerns continue to deter clients
Tech hiring to witness a surge in India: Know why
man did a strange jugaad to make ice-cream outdoor by using car tyres see viral video
desi jugaad man making pizza sitting at office desk watch pizza making jugaad viral video sjr
June 2023
India becomes destination for auto OEMs to secure their digital content needs
India’s product engg cos grew at 25-35% in FY23
Midsize IT cos like KPIT, LTTS set to bag big deals
Transamerica cancels $2 billion TCS deal ahead of schedule
For IT firms, age does matter: Only 1-2.5% employees in 50+ age group
Will ChatGPT take big toll on BPM firms now?
From cars to aircraft, the world runs on Indian software and digital tech
IT cos turn focus on vendors
IBM to buy Apptio for $4.6B to help companies optimize IT spend
Does EPAM Systems’ guidance cut signal tough road ahead for Indian IT?
Uncertain economy, rapid tech change bring mega-deals under fire
Price war for big deals to hit IT cos’ margins
Cost of outsourced talent rises for
Only 1-1.25% of Indian IT employees are above 50, more than 50% below 30
IT companies may lose outsourcing deals amid changing technologies
Why TCS' mega deal with Transamerica came to an end
TCS FY23 annual report reveals the age diversity in IT companies, details inside
Evolving technology leads IT companies losing outsourced deals
Indian Technology Powers Aerospace and Automobile Industries Worldwide
What Is Bengaluru's Safety Island? A System That Helped Maldives Man Gets His Lost Items Back
Hope Sprigs on big IT Deal Wins
May 2023
TCS-led consortium bags BSNL’s ₹15,000cr 4G order
IT firms look to cut reliance on subcons
Job cuts may intensify as IBM plans to use AI to replace 30% of back office jobs
Delay in rolling out 5G may hurt Vodafone Idea badly
BPO firm’s exposure in eastern Europe rises
After a dismal Q4 amid macro challenges, what is in store for IT firms in FY24?
Cisco bets on manufacturing in India amid global supply chain crisis
TCS bags Rs 15,000-crore BSNL deal to deploy 4G network across India
IT firms trying to expand their revenue basket
Databricks doubles down in India with staff hires, new R&D hub
April 2023
Laid-off techies struggle for jobs
IT companies see spike in staff cost
The great churn: Tech majors bring in new leadership amid course correction
Improper manpower planning led to delayed onboarding of freshers: Analysts
How Infosys walked into an ‘over-promise, under-deliver’ trap, and took a 9.4% hit on the market
IT firms seen bracing themselves for spending cuts by clients
Generative AI to open up revenue streams for IT firms, say analysts
Big Techs’ India Layoffs: Is The Worst Over Yet?
Poor start. IT firms see decline in client addition in FY23
Low utilisation rate: Muted hiring, pay hikes seen at IT firms in FY24
Employee cost proportion increases for big tech giants
Employee Cost Proportion Rises For Large It Cos