Going forward, the quarterly results will dictate stock-specific action. Infosys has started the season on a positive note.

In the September quarter, most large cap as well as mid-tier IT companies reported broad-based growth, their numbers coming ahead of market expectations.

Mid-sized IT services company Mindtree's consolidated net profit rose by 52 per cent for the quarter ended June 30, 2013 on the back of a healthy growth in consumer packaged goods, retail and insurance verticals.

Food and beverage major PepsiCo is one of the biggest buyers of Indian IT services. Caroline Watteeuw, the company's Global Chief Technology Officer and Senior Vice President of Business Information Solutions, tells BT about the tech bets her company is keen on.

Business Today investigation reveals there are many worms crawling out of the information technology industry's recruitment can that has been prised open by one scandal after another. To address the malaise, placement officers will need to do more along with structural changes.