Indian Shares

The demand for skilled IT professionals in India is so high that companies are starting to find it hard to find suitable recruits. Infact some India companies (such as Intel) are setting up programmes to attract Indian's working abroad back to India. Software industry body Nasscom has warned that India faces a shortfall of half a million skilled workers by 2010

 

 

The main stock market in India for Indian shares closed at a record high today as it passed the 13,000 mark. The SENSEX has risen 36% during 2006 despite a turbulent patch earlier in the year. The rise is attributed to strong earnings from key banks and technology firms like (InfoSys, Wipro, Satyam and TATA Consulting).

New research has found that shares in the major India-based IT services providers have vastly outperformed their western rivals so far this year, despite falling sharply in May and starting from valuations based on much higher multiples of earnings and revenues.

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