Big four IT firms unable to meet Nasscom growth target and other Top IT News of the day

A brief round up of the top headlines that dominated the IT sector, nationally and internationally.

Big four IT companies may not be able to meet Nasscom's growth target for FY16, and the industry may just be able to meet the lower end of the guidance even as a tough second half looms. The growth guidance of 12-14% will now depend on captives and BPOs pulling their levels up. (ET)

Tata Consultancy Services (TCS) two employees have been taken into police custody for allegedly tampering with the database of the Gemological Institute of America.

Infosys is considering restructuring its human resources to more of a matrix structure from a linear one as it looks to make itself more attractive to young digitally savvy employees. 

Infosys chairman R Seshasayeemay be cautiously optimistic aboutinvestments picking up in India but appears more confident when it comes to the future of the $9-bil ion IT behemoth, which seems to have found its mojo back over the last two quarters.

Wipro Ltd has announced that it has bagged 5-year contract from Coop Norge Handel. As a part of the agreement, Wipro will transform Coop Norge enterprise SAP software landscape.

Tata Elxsi Ltd reported 61 per cent rise in its net profit at Rs. 38.1 crore for the quarter ended September 30, 2015 as compared to Rs. 23.6 crore for the same quarter in the previous year.

Videocon, in partnership with Microsoft, launched what it is calling the world's first Windows 10-powered LED TV, priced at Rs. 39,990 for the 32-inch panel, and Rs. 52,990 for the 40-inch model. 

Apple announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share.

Twitter, Inc announced financial results for the quarter ended September 30, 2015.
Q3 revenue of $569 million, is up 58% Y-o-Y, and above the previously forecast range of $545 mn to $560 million.

Cyber security firm Avast has alleged that Google, WhatsApp and Facebook spy on their users to find out their interest for serving targeted advertisements but their users are well aware about this.

With the mission of weaving everyone in the world together, connecting with India becomes imperative since it is world’s largest democracy and ideas from Indian students and entrepreneurs can shared with the world via his social media platform. The world cannot be connected without connecting India, says Facebook Founder, Mark Zuckerberg on his visit to India at the campus of Indian Institute of Technology (IIT) Delhi.

hCentive Inc., a leading health insurance exchange solutions company headquartered in Reston, Virginia (Washington D.C. area), has announced ambitious investment and hiring plans for its R&D centre in India.

Data centre player Netmagic has launched what it claims to be India's largest data centre in Mumbai . The new facility would be Netmagic's ninth data centre in the country, and fifth in Mumbai.