People living in Mumbai paid an average of 18% more for renting their homes last year. Rents rose on average by 15% in Chennai and 14% in Bengaluru last year.
According to the capital allocation policy approved by the shareholders in April last year, Infosys plans to give back around Rs 10,400 crore to shareholders by the end of this financial year.
2019, however, will be a bigger test as the firm continues to deal with rising attrition and margin pressure.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
Canada and Mexico emerge as preferred destinations to service clients in the US; east Europe and Nordic nations are favoured alternatives
The initiative is being undertaken by the government of Karnataka, considered one of the leaders in the technology space. Currently, India doesn't have such a platform and, globally, there are very few privately-run platforms.
The recent ruling by the Authority of Advance Rulings making back-office services provided by a company to global firms taxable under GST, has sent shockwaves through the information technology and business process outsourcing industry.
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
NRI demand would help offset the liquidity problem, which is presently affecting realty sales.
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
The advent of internet of things, blockchain, data analytics, artificial intelligence, and self-driving cars has also created huge business opportunities for online training platforms such as Udacity and Coursera.
The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
As IT majors face a decline in their legacy business, they are realigning their sales strategies to push up revenues from newer technologies.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
Thousands of retail investors are reaping the benefits of the disruption that the latest technologies have brought to the equity market. Brokerage firms are aggressively investing in technologies such as artificial intelligence, machine learning, big data and analytics, social media, chatbots, virtual assistants and so on.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
The strategy of returning cash to shareholders through stock purchases could hinder their digital expansion plans
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
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