IT service management company Gartner has predicted a massive spending boost of $93 billion in India's IT sector in 2021. The prediction reported 7.3% increase from 2020 figures which is lower than the global average increase of 8.4%. Devices and enterprise software sector will see the highest growth as businesses continue to innovate their workforce, it added. Notably, Cloud will garner the major software growth in India during 2021.
The Azim Premji-promoted IT giant Wipro is all set to acquire British consultancy firm Capco in a $1.45-billion deal. Accounting for the highest investment in technology by the company, the deal will help Wipro gain over 30 new banking and financial services, and insurance clients. Based in London, Capco offers services to financial institutions in American, European, and Pacific regions. Wipro had Rs 45,234 crore cash on its book at the… read-more
Courtesy: The Financial Express