News at Pareekh

Engineering Service Industry 4.0

December 2020

Tech services firms expect fresh business opportunities from coronavirus vaccine distribution

Large IT outsourcing contracts back on the market as clients optimise cost

What is driving demand engineering services for Indian IT firms

Apple's India-specific rollouts may be delayed

Are more Indian techies moving to MNCs’ captive centres as H-1B dream sours?

Tech Mahindra wins new contracts from Three UK

What could have led to the recent outages in HDFC Bank's and SBI's IT systems

November 2020

Mid tier it firms need to increase business from europe or face concentration risk says report.

Material growth from cloud will take time to reflect for IT firms, say analysts

IT majors rejig business models to focus on client geographies as service lines blur

TCS buys Pramerica Ireland, takes over 1,400 employees

A year after demerging its engineering services, here is why KPIT Tech is in a sweet spot despite COVID blues

IT companies shore up margins on rising offshore revenue

global companies may look to shift from captives to outsourcing

Can IT services firms gain from the massive Covid 19 vaccine rollout

H. IT hiring yet to go full steam

Can mid tier IT firms get over their dependency issue

H-1B breather for Indian IT industry

Here’s how Wipro CEO Thierry Delaporte wants to change the way the company functions

Will CEO Thierry Delaporte’s strategy help Wipro catch up with its peers?

Will IT services firms’ healthcare segment have more to gain under the Biden administration

H1B visa rules likely to be relaxed

IT outsourcing rising as Covid-hit global companies look to cut cost

October 2020

TCS crosses ₹10 tn m-cap on IT optimism, share buyback

Wipro CEO Delaporte writes to digital natives in strategy to drive growth

After nearly nine months, Twitter gets new CISO in Rinki Sethi

For tier-I tech firms, value-add is mantra to ease pricing pressure

IBM splits to focus on cloud, AI, and it's good news, say industry watchers

Tata Consultancy Services hits Rs 10L-cr m-cap on IT optimism, buyback

It may be sacking people elsewhere in the world, but Accenture has more than 3,000 job openings in India

IT services firms ramp up capability to protect clients from cyber threat

Infosys outperforms TCS in at least three straight quarters year-on-year. Will it continue?

TCS close to buying Deutsche Bank’s IT arm

Wipro CEO Delaporte writes to digital natives in technique to drive progress

September 2020

Engineering India’s growth! These five opportunities could generate $300 billion in the next 5 years

Wipro bags multi-year contract from automotive supplier major Marelli

Coming quarters may see retail revenues improve for IT firms as large US retailers invest in tech

Wipro bags multi-year automotive software engineering contract from Marelli

Will the US move to train local workforce in H-1B skills change the Indian IT talent landscape?

indian it firms see more engineering research and development deals from global clients

Visa issues, digital adoption to drive local hiring by IT firms in the US

Bucking the age myth, IT veteran Ashok Soota has another record-breaking IPO to his credit

Why is Baring PE Asia buffing its IT services portfolio?

Worst over for IT business as firms eye more deals, buys

Where does HCL Tech's confidence to beat its own revenue guidance stem from?

Cash-rich IT service firms on a shopping spree, eye inorganic expansion

Wipro bags multi-year automotive software engineering contract from Marelli

impact of pandemic & h-1b visa: it firms to increase on site operations! -how would it make a difference to employees?

Wipro Signs Multi-Year Contract From Automotive Supplier Major Marelli

Wipro bags multi-year contract from automotive supplier major Marelli

Wipro information: Wipro baggage multi-year contract from automotive provider main Marelli

मोटर वाहन आपूर्तिकर्ता प्रमुख मारेली से विप्रो का बहु-वर्षीय अनुबंध

August 2020

Greater localisation, offshoring to cut visa hike impact for Indian IT cos

Airtel, Amazon Web Services sign pact to offer cloud solutions to businesses

IT firms see jump in Europe business in Q1

Banking, financial-service firms raise tech investments, but IT firms are not gaining a lot

IT firms roll out solutions to help clients return to office smoothly

US court trims fine on TCS to $140 million in Epic Systems suit

Europe to lead recovery for Indian IT firms in September quarter: Analysts

July 2020

Indian IT firms bring back over 2,000 stranded employees from US, Europe

Subsidiaries of Indian firms in China get caught in crossfire

Cash-rich Indian IT services companies go aggressive in M&A space

Will TCS rework its strategy to build its own products and platforms?

Reality Check: Nearshore’s Prospects in Taking on the Mighty Goliath

Too many top level exits in Cognizant in the last one year. Here's why

Listen: IT earnings beat estimates; Google invests $4.5 bn in Jio; Vedantu raises $100 mn

Indian IT firms may report 5-9% contraction in revenues for June quarter

Revenue of IT services firms may drop upto 15% in June quarter: Analysts

India-China border standoff: Another setback for IT firms looking to expand in the region?

Is the worst over for IT? Q1 earnings of firms send out growth feelers

Worse than expected performance puts TCS on a slippery margin path

IT firms bring back over 2,000 employees stuck overseas due to coronavirus: Report

IT companies report spurt in Q1 deal wins amid pandemic

Roshni Nadar Malhotra as HCL chairperson: New boss is under the shadow of the old boss

Headcount fell by 9,000 at the top four IT firms in Q1 due to Covid-19. How will they fare in the next three quarters?

Margins and digital deals help IT firms duck Covid-19 blow

Hiring! IBM wants mainframe, DBMS and UNIX specialists! How to get skilled in these?

Indian IT Firms Winning Big Deals, Clients This Year; Tech Veteran Claims Business Will Increase

Indian economy will suffer due to planned sanction of Chinese firms: Experts

3 Reasons Why Cognizant India’s Top Executives Are Quitting – #1 Reason Is About Cognizant CEO’s Role

Hiring! IBM wants mainframe, DBMS and UNIX specialists! How to get skilled in these?

Indian IT Firms Winning Big Deals, Clients This Year; Tech Veteran Claims Business Will Increase

June 2020

Mid-tier Indian IT firms see deals back after slowdown due to Covid-19

Contracts to outsourcing: How Covid-19 may disrupt India's IT sector

Home-bound techies may give Indian start-up ecosystem a fresh impetus

COVID-19 impact: Is the IT/ITeS industry bracing for negative growth in FY21?

MNC captives halt hiring, cut pay in India to tide over Covid-19 crisis

Will IBM’s exit from facial recognition shape the narrative around this technology?

COVID-19 impact | Not getting any cold calls for products? Here's the reason

Covid-19 impact: Dividend payout by IT firms likely to dip further in FY21

Captive units of global banks embrace work from home to tackle lockdowns

Indian IT firms strengthen Cloud practice as digital adoption picks up

Will reverse migration of techies pave way for IT sector's growth in smaller cities?

IT firms tap freelancers to optimise staff costs amid Covid-19 crisis

Visa suspension likely to cause minimal disruption for Indian IT firms

COVID-19 impact: Cognizant lays off bench employees as business takes a hit

India-China border dispute: Tech firms at risk of losing Huawei link

Cognizant Starts Firing All Benched Employees; 18,000 Employees Can Be Fired?

Mid-tier Indian IT firms see new deals

El sector de TI se prepara para varias interrupciones en un mundo posterior a Covid-19

IT sector braces for many disruptions in a write-up Covid-19 environment

May 2020

IT firms form teams to chase revenue streams emerging from Covid-19 crisis

Wipro appoints Thierry Delaporte as CEO & Managing Director

What makes Jio Platforms command a ₹5 trillion valuation

Why Covid-19 will accelerate the cloud computing era across enterprises

Indian IT industry in a fix as US mulls H1-B visa suspension

Despite Q4 earnings knock, Tech Mahindra could emerge most resistant to Covid-19 lockdown impact

Techies breathe easy as US eases H1-B visa norms

COVID-19 impact | Touchless technology is the future. But are we ready?

IT firms seek higher volume of work from clients amid price discount demand

TCS will have 75% of its employees WFH by 2025, but not many are convinced

Layoffs at IBM, Cognizant signal declining confidence in demand rebound

IT firms to face heat as global enterprises put digital projects on hold

IT firms with higher fixed-price contracts may see lower impact on top line

Who is Thierry Delaporte - the new Wipro CEO?

Wipro's new CEO: Can foreign executives succeed at Indian IT firms?

Google's investment in Vodafone Idea can create next big digital ecosystem

75% TCS Staff Will Work From Home: But Mental Health, Productivity Factor Persists

US possible work visa ban and Chinese journalist restrictions

Wipro’s new CEO: Can foreign executives succeed at Indian IT firms? – Moneycontrol

Wipro’s New CEO : Thierry delaporte

After Infosys, Wipro now recruits Capgemini senior executive in the role of CEO & MD

After Infosys, now Wipro hires a Capgemini prime government as CEO & MD

April 2020

Coronavirus outbreak pushes up demand for scenario planning by IT firms

As Covid-19 crisis escalates, IT services sector prepares for bleak FY21 earnings forecast

Indian IT majors may hire more Americans after Trump’s tough talk on immigration

How Jio is set to leverage FB’s Whatsapp potential

Hiring of IT freshers by firms may be delayed amid coronavirus outbreak

Coronavirus pandemic: Impact on aviation to hurt IT firms, revenues may drop 1-7%

Coronavirus: Promoters of mid-tier IT firms increase stake as shares crash

Coronavirus impact: Dip in valuation prompts IT firms to bet on buyouts

Coronavirus impact | IT firms stare at tepid Q4 numbers

Coronavirus impact | Global firms approach Indian IT firms for scenario planning: Report

IT services firms should rein in optimism; FY21 will be a washout year: Analysts

How Jio is set to leverage Facebook’s WhatsApp potential

Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

March 2020

Market crash: Top 3 IT firms lose $31 bn in a fortnight amid virus scare

Tech Mahindra's head of engg solutions Karthikeyan Natarajan

Economy panic over coronavirus pandemic

IT captives see project delays amid lockdown

Coronavirus impact: IT firms may see drop in new deal conversions

Coronavirus scare: IT firms stare at delay in bagging large contracts

Arundhati Bhattacharya's new role: Can the former banker fast-track Salesforce’s India growth?

Top three IT firms taste loss in a fortnight due to COVID-19 outbreak

Coronavirus outbreak: IT services companies widen travel restrictions

Mid-tier IT companies may do better than larger peers, say analysts


IT firms stare at increasing client issues over coronavirus pandemic

February 2020

Neemuchwala resigns after 4 years as Wipro CEO citing 'family commitments'

Mobile handset prices may rise by 2-7% due to customs duty hike

Simplus acquisition shows Infosys' bet on inorganic route for growth

A battle in the Clouds is brewing in India for Microsoft's Satya Nadella

January 2020

Big domestic IT services firms may see tepid revenue growth in Q3

Nordic countries are the new hotspot for Indian IT

Indian IT services firms stare at revenue loss as core business falters

IT firms working vigorously, investing heavily to scale up product business

Small units to be bigger as TCS revisits 2011 strategy to boost revenue

Rishad Premji to be non-executive chairman at Wipro, nod likely on Jan 14



December 2019

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Cyient, TCS slip over 0.5% amid report Boeing 737 Max crisis to hit IT cos

Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

TCS, Infosys, HCL Tech, Infosys at risk as Boeing’s contracts worth $1bn may get terminated: Report

November 2019

Midsize IT scripts a growth story around top clients

Indian IT firms open up to cloud, seek to ramp up spending next year

Robotics automation firms may not hold on to their high valuations for

October 2019

Automotive sector becomes the new sweet spot for IT services firms

Why the imminent global economic slowdown is a growth opportunity for Indian IT services firms

Tech Mahindra sees a return to days of larger deals

Can new CEO Brian Humphries restore Cognizant to its former glory?

Domestic IT services companies increasingly absorbing staff of clients

Infosys' Irish buy will help expand its EU customer base

Q2 results analysis: More pain in store for IT firms in 2020, say experts

Q2 earnings reflect various approaches to push revenue growth of TCS, Infy

Gartner sees Indian IT firms growing faster in 2020 on rising client spend

September 2019

Manufacturing slowdown may cause downtime in Indian IT industry

Latest PSB merger could create Rs 5,000 cr business in IT outsourcing

TCS-General Motors deal may spur a new wave

Corporate tax rate cut will give impetus to semiconductor and chip manufacturing ecosystem:Experts

IT sector sees highest-ever hires in AMJ quarter

Slow US economy, challenges in BFSI sector may drag IT firms in FY21

HCL Technologies has scope for raising growth guidance, say experts

Accenture earning, record order bookings hint at good time for IT sector

August 2019

Client-specific risks a trip factor for IT companies, says analyst

Tata Elxsi slows work on driverless car tech

Outsourcing deal concerns IT firms, weakness in BFSI could impact: Experts

Can Indian IT companies finally break into the Chinese market, the second largest in world?

Slow revenue growth of top four US banks likely to affect Indian IT firms

HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra

With its Microsoft partnership, Reliance could pull off a Jio in tech space

Reliance Jio-Microsoft cloud tie-up likely to hurt Amazon Web Services

Cognizant looks to raise sales headcount to spur digital revenue

IT firms see rise in bench strength due to slowdown

IT Firms Hired 85,000 Employees, Break 6-Year Hiring Record; But No One To Claim These 2.5 Lakh IT Jobs

Pink slips resurface in Indian IT industry, but for different reasons this time

July 2019

Altran to boost Capgemini's ER&D outsourcing to India

Indian IT firms unfairly targeted in Boeing 737 Max fiasco, says industry

Outsourcing deal concerns IT firms, weakness in BFSI could impact: Experts

Boeing 737 Max: Indische Ingenieure sind nicht immer schuld

Boeing 737 Max failure: Indian IT fraternity irked by the unfair blame on HCL Tech, Cyient

Indian Engineers Call Foul After Being Connected To Boeing 737 Max Failure

Patents more crucial in winning deals than revenue generation

When tech is the target: Cybercriminals look for chink in IT firms' armour

Task cut out: New Mindtree CEO will need to focus on these 3 areas

June 2019

Insourcing threat looms large over IT services providers

Intellectual property lawsuits pose risk to Indian IT firms' growth

IT service companies are buying niche firms to grow in emerging area

Why Azim Premji is the trailblazer in India's philanthropic world

New Wipro chief Rishad Premji likely to place big bets on product space

Mindtree-L&T saga: Oversight, price correction behind Nalanda's U-turn

May 2019

Insourcing threat looms large over IT services providers

Intellectual property lawsuits pose risk to Indian IT firms' growth

‘Theft’ case may leave Brand TCS bruised

Indian IT looks homeward as digital transformation kicks in

One year on, GDPR helps EU combat data privacy concerns, raises bar worldwide

What does the recent TCS lawsuit mean for the company and IT sector

Cognizant may cut jobs, mostly in India; mid-level staff to be worst hit

Price premium concerns continue for IT sector on cramped client spending

Mid-tier IT services companies hiring top executives from larger peers

How HCL Tech balances its organic and inorganic strategy will determine its growth

Indian IT has a talent challenge as engineers flock to global tech centres

Focus in select verticals and geographies have helped mid-cap IT companies drive growth

Client spend in BFSI, health care to hit IT outsourcing opportunity

IT’s new CEOs driving double-digit growth at mid-cap companies in India

April 2019

Planning for Snakes

Skill gap in cyber security hobbles IT industry

Neck-and-neck in 2007, TCS is now $9-billion ahead of Infosys in revenue

L T Technology Services Concludes 3rd Season of TECHgium® in a Grand Ceremony Announces Award.

With Salil Parekh at helm, stability back at Infosys; next move awaited

Jio has FANG, technology that will edge in every aspect of digital economy

Baring's move to buy 30% stake in NIIT Tech reflection of a new trend

Ongoing buybacks may boost Infosys shares after April 12 results

External factors add to Infosys' struggle to contain rising attrition

March 2019

IT rainmakers who engineer business

IT firms compete for larger share of global engineering services contracts

L&T launches 'Nxt' generation tech, services for Industrial clients

L&T inches closer to a deal as Mindtree shelves buyback plans

Brexit may not cut IT outsourcing, but large deals will be fewer

Wipro shedding low-margin and non-core units to match its peers

Mindtree takes share buyback route to fend off L&T; size may be Rs 1,000 cr

February 2019

Mid-tier IT firms to grow faster on strong deal win

IT firms find new ways to reskill senior and mid-level managers

Domestic IT firms may face growth headwinds in second half of 2019

TCS, HCL Tech's product play likely to eat into services revenue

IBM to contest tax demand of Rs 620 crore due to undervaluation of imports

Tech Mahindra to buyback Rs 1,956 crore worth shares at Rs 950 apiece

Wipro to sell part of its Appirio business to Alight for $110 million

January 2019

IT firms looking at executing projects with a lesser number of employees

Infosys' in classroom training drops as online activity grows

DXC Technology to acquire Luxoft for $2 billion

Major firms may report a good show in Q3 on back of large deals signed recently

Higher digital spends likely to boost IT budgets in 2019, say experts

Infosys plans less staff deployment to meet future demands, check attrition

With rise in consumer-facing biz, service firms emerge as PE sweet spot

Asian firms bet on India to set up R&D units to boost tech innovations

IT companies eye $80-billion pie as contracts up for renewal in 2019

From NEC to Fujitsu, Japanese IT firms scout for acquisitions in India

IT fortunes shifting to Indian shores as clients move to execution stage

December 2018

India's engineering footprint in Airbus & Boeing is growing

Indian IT players look at capital allocation models of foreign firms

Post HCL-IBM deal: Domestic IT sector likely to see more IP buyouts

Engineering services revenue of seven Indian companies grew at double the pace

Capgemini appoints Ashwin Yardi as India CEO, Srinivas Kandula as chairman

Wipro arm plans WINning solutions with Rockwell

Indian IT opts for nearshoring due to stricter H-1B visa norms under Trump

Tackling the product-services conundrum

HCL acquiring intellectual properties from IBM a risky bet, say experts

HCL Technologies taking more risks over product play, say experts

Serious talent crunch sees India battling to meet data skills demand

November 2018

Capgemini appoints Ashwin Yardi as India CEO, Srinivas Kandula as chairman

TCS wins US lawsuit over alleged staff discrimination

From Wipro to Infosys, IT firms to realign client base on digital push

Client insourcing hits BFSI revenues of big IT services companies

Indian engineering services firms beginning to get large deals

Big data and analytics may be the hottest sector, but India has a serious dearth of data scientists

October 2018

Fast-changing large IT services contracts come with strings attached

Indian IT companies fight back against US visa regulations

IT companies tapping startups to scale business globally

Tech companies test their smart wares on themselves first

Wipro to carve out separate business line for end-to-end HR solutions

Wipro wins biggest contract of over $1.5 billion from Alight Solutions

September 2018

Cloud business a double-edged sword for IT companies, say analysts

Wipro wins biggest contract of over $1.5 billion from Alight Solutions

HCL Technologies aims to overtake Infosys in revenue over the next 5 years

HCL Technologies eyes financial services and retail to boost income

From TCS to Infosys, growth bumps in legacy business hit IT majors hard

August 2018

HCL, TCS, Wipro up in engineering services ranking

TCS may make cognitive automation software ignio as a standalone firm