Carlyle-backed Hexaware Tech files for India’s largest-ever IT services IPO
The ₹9,950 cr IPO of Hexaware Technologies is India’s second-biggest public offering of 2024 after Hyundai Motor filed DRHP with SEBI to raise ₹25,000 cr in June this year.
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The Brief: Can TechM ‘Scale At Speed’?
New CEO Mohit Joshi has an uphill battle to achieve the three-year turnaround plan.
New startups in India surge by 37%, jobs up 9%: Report
The overall hiring index experienced a rise from 276 in March 2024 to 300 in April 2024, marking a 9% increase from the previous year.
Wipro shares rise 3% after Q4 beat estimates
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Mastek named supplier in UK govt’s £1.2 bn project; share zooms 17%
Mumbai-based Mastek to provide services in solution, enterprise & tech architecture, data, and innovation to the UK MoD’s DIPS framework
IT sector spending to surge 13.2% to hit $138.9 bn mark in 2024: Gartner
The Indian IT sector's spending is forecasted to hit $138.9 billion in 2024, up from $122.6 billion the previous year, marking a robust growth rate of 13.2%
How We Did It
Fortune India and CIEL HR identify the ‘Future-ready Workplaces’ in India Inc. for 2024.
Bettering Tech’s Big Boys
At a time when big IT services companies are struggling, the agility of mid- and small-cap firms is giving them an edge.
L&T Tech Q3 results: Profit rises 13% to ₹336 cr; revenue zooms 12%
In the December quarter, the company’s revenue from operations surged 12.3% YoY to ₹2,421.8 crore, as against ₹2,157 crore in the same period last year.
