The Rest of the World grew 0.8% sequentially in reported currency, However, if currency related volatility was smoothed out, those regions grew at 7.1%.
Apax Partners has bought out Electra Partner's 23.23% stake in Zensar Technologies for Rs 859 cr . Zensar, is majority owned by Harsh Goenka's RPG Group.
At that pace, Accenture will remain the second-biggest employer in the IT industry. TCS had overtaken the company in headcount in 2013.
Earlier this week, Tech Mahindra said digital was about 13 per cent of its business and could grow to 40 per cent in the next two years.
The Indian IT sector is set to post strong results in the second quarter, with TCS and Infosys leading the growth front, reckoned analysts, despite HCL Tech's warning.
The engineering services space is seeing a boom in mergers and acquisitions as private equity firms and strategic players look to boost their exposure to the sector.
L&T Infotech derives about 9.5 per cent of its revenue from digital businesses and is scouting for buys in the infrastructure management space (IMS),
Quick Heal has hired three investment banks including JPMorgan as underwriters for the issue, which is expected to hit the market in the third quarter.
Accenture to bring startup innovation hub to India; may bring its 3D printing & internet of things solutions
The global consulting and IT giant has innovation hubs centred on new-generation technologies such as internet of things in Silicon Valley to work with startups.
The program will be spread across 35 colleges in seven cities – Nashik, Ahmednagar, Aurangabad, Pune, Kaziranga, Chandigarh and Vizag.
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