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1/08/2013

Top 20 IT Companies in India

As per NASSCOM, Below are the list of Top 20 IT Players in IT services for the year 2011-2012
S.No Company Name
1 Tata Consultancy Services Ltd
2 Infosys Ltd
3 Wipro Ltd
4 HCL Technologies Ltd
5 Mahindra IT & Business Services
6 MphasiS Ltd
7 iGate
8 Larsen & Toubro Infotech Ltd
9 Syntel Ltd
10 CSC, India
11 Polaris Software Lab Ltd
12 MindTree Ltd
13 Zensar Technologies Ltd
14 Infotech Enterprises Ltd
15 Hexaware Technologies Ltd
16 KPIT Cummins Infosystems Ltd
17 Honeywell Technology Solutions Lab Pvt Ltd
18 NIIT Technologies Ltd
19 3i Infotech Ltd
20 Infinite Computer Solutions (India) Ltd

List of Top 20 IT Players in IT services for the year 2012-2013
S.No Company Name
1 Tata Consultancy Services Ltd
2   Infosys Ltd
3 Wipro Ltd
4 HCL Technologies Ltd
5 Tech Mahindra Ltd
6 iGate
7 Mphasis Ltd
8 L&T Infotech Ltd
9 Syntel Ltd
10 CSC, India
11 Genpact India Pvt Ltd
12 MindTree Ltd
13 Robert BOSCH Engineering and Business Solutions Ltd
14 KPIT Technologies Ltd
15 Polaris Financial Technology Ltd
16 Hexaware Technologies Ltd
17 Infotech Enterprise Ltd
18 NIIT Technologies Ltd
19 Zensar Technologies Ltd
20 CGI Information Systems & Management Consultants Pvt Ltd

*Source:- http://www.nasscom.in/industry-ranking

Fiscal Cliff bill explained | Impact on India | Outsourcing - IT recession 2013 | Warning on Investor

US President Barack Obama signed into law a bill on the so-called fiscal cliff - number of tax increases and spending cuts to reduce its debt load. America’s debt load - which currently stands at $16.4 trillion and counting.

Low-income households are most affected by expiring expansions of the child tax credit and earned income tax credit. Middle-income households are affected most by the payroll tax and income tax. Households at the top income level are most affected by the income tax and the tax increases on unearned income such as capital gains.

Due to Fiscal cliff, major US companies could miss estimates for fourth-quarter earnings led some corporate clients to tighten their Spends which in turn reduce outsourcing. It Could affect IT Companies in India like CTS,TCS,Wipro,HCL,Mahindra Satyam,Infosys where its ¾ th of its revenue is from US.

Experts around the world warned that this fiscal cliff would bring weak US economy in to recession.

Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

The bill that would back the United States away from its fiscal cliff awaited President Obama's signature.