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IT stocks continue to see selling pressure, down up to 3.6%

IT stocks continued to witness selling pressure for the second straight session Thursday, falling by up to 3.6 percent amid rising concerns as the sector is facing challenges on multiple fronts including stricter visa regime in key markets.

Tech Mahindra leads as global engineering R&D services provider

Software major Tech Mahindra has been recognised as a global engineering and R&D services provider based on the comprehensive assessment of its `Design to Build Engineering` capabilities by management consulting firm Zinnov, the company said on Sunday.

Reports of job losses overstated, to hire 20K this year: Infosys

Reports of job losses overstated, to hire 20K this year: Infosys

IT services major Infosys on Friday said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as "overstated".

FITE petitions Labour Commissioner over Tech Mahindra layoff

FITE has requested the Maharashtra Labour Commissioner to order Tech Mahindra to stop illegal removals of IT employees immediately, and establish conciliation between the management and staff.

Layoffs rile India's flagship IT sector, tough times likely to continue

Layoffs rile India's flagship IT sector, tough times likely to continue

IT outsourcing has long been one of India`s flagship industries but experts say automation, a failure to keep up with new technologies and US President Donald Trump`s clampdown on visas is creating industry-wide upheaval.

Tech Mahindra Q4 net profit drops 31% to Rs 588 crore

IT company Tech Mahindra on Friday reported a 31 percent decline in its consolidated net profit to Rs 588 crore for the three months to March 2017.

Layoffs in Indian IT may continue for 1-2 years: Experts

Layoffs in Indian IT may continue for 1-2 years: Experts

As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.

No mass layoffs; workforce realignment happens every year: Nasscom

No mass layoffs; workforce realignment happens every year: Nasscom

Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.

 After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

After Infosys and Wipro, it's now IT firm Tech Mahindra that could hand out pink slips to hundreds of employees as it looks to "weed out bottom performers".

Tech Mahindra to market Huawei enterprise products globally

Under this partnership, Tech Mahindra would take Huawei`s enterprise products and services and build solutions around various platforms and solutions of Tech Mahindra.

NSDL hopes to launch payments bank by May

NSDL hopes to launch payments bank by May

NSDL on Wednesday said it has applied to the Reserve Bank for the final licence for its payments bank and is aiming to launch the entity by May.

Trump effect: Tech Mahindra suspends appraisal cycle for senior employees

Trump effect: Tech Mahindra suspends appraisal cycle for senior employees

The Indian IT industry facing headwinds of uncertainty triggered by H1B visa issues and rising costs appears to have started showing visible signs. 

Indian IT stocks slump over proposed H-1B visa reform bill

Indian IT stocks tumbled during the mid-afternoon trade session on Tuesday as the US government introduced a proposed visa reform bill in the US House of Representatives.

TCS top Indian IT employer; Infosys, Cognizant and Wipro next

TCS top Indian IT employer; Infosys, Cognizant and Wipro next

According to the National Association of Software and Services Companies` (Nasscom) annual rankings of top IT-BPM (business process management) employers in the country for 2016, TCS heads the Indian IT industry, with 362,079 employees.

 Top 10 stocks to be on radar post Brexit

Top 10 stocks to be on radar post Brexit

Here are 10 stocks which should be carefully monitored post Brexit.

Tech Mahindra becomes 3rd entity to quit payments bank plan; cites margin concerns

Tech Mahindra becomes 3rd entity to quit payments bank plan; cites margin concerns

Tech Mahindra is the third applicant to abandon the plan to set up payments bank after Cholamandalam which quit last month and Dilip Shanghvi-IDFC Bank-Telenor combine last Friday.

Tech Mahindra net soars 90% to Rs 897-crore on margin surge, forex gains

Tech Mahindra net soars 90% to Rs 897-crore on margin surge, forex gains

Fifth largest software exporter Tech Mahindra today reported a 90 percent jump in post-tax profit for the three months to March at Rs 897 crore on wider margins from an expanded revenue base, forex gains and lower tax payout.

TechM unveils MoboMoney to cash in on digital payments market

IT major Tech Mahindra on Wednesday launched a new service 'MoboMoney' to cash in on the burgeoning digital payments ecosystem in India.

Mahindra group to acquire Italian design firm Pininfarina

Mahindra group Monday announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore) after months of negotiations.

Tech Mahindra posts 9% increase in Sept quarter profit

Country's fifth largest software firm Tech Mahindra Tuesday reported 9.2 percent increase in its September quarter profit at Rs 786 crore, helped by volume growth and margin expansion.