Tata Teleservices (Maharashtra) Ltd rose 9.7 per cent while Reliance Communications jumped 7 per cent, surging to session highs of Rs 6.67 and Rs 35.45, respectively.
Replacing Mr Chandra at TCS will be Rajesh Gopinathan, who will assume the role of chief executive officer and managing director from tomorrow.
The remarks from Capgemini India come days after IT industry body Nasscom said there is a need to re-train up to 1.5 million, or nearly half of its sectoral workforce.
Given the present spectrum holding, revenue and subscriber base, both the companies need to work on synergy to comply with rules.
Cellular operators under industry body COAI had approached telecom regulator TRAI against the limited fixed mobile telephony services announced by BSNL.
Vodafone and Idea Cellular, the second and third biggest telecom companies in the country, confirmed last month that they are in talks to create a telecom giant which will take on Reliance Jio and Bharti Airtel.
Mr Gates, one of the world's richest men, said he believes that governments should tax companies' use of robots, as a way to at least temporarily slow the spread of automation and to fund other types of employment.
COAI's letter to the telecom department came in response to a meeting by the telecom department on the issue of re-verification of existingsubscribers through Aadhaar-based e-KYC.
Total hiring by the top 4 Indian IT companies - TCS, Infosys, Wipro and HCL Tech - in the December quarter was at 13,100, down 12% on a year-on-year basis.
These contentious issues would be debated as part of a consultation paper on 'Regulatory Principles of Tariff Assessment' issued by TRAI.
India Ratings and Research (Ind-Ra), a Fitch group company, said the revision of outlook on the sector to negative for 2017-18 from stable-to-negative for 2016-17 is due to "increasing competition".
He argued, one needs to ensure that this system is not manipulated to undercut domestic wages or displace American workers.
The monthly average mobile data speed published by the Telecom Regulatory Authority of India showed that the download speed on Airtel network has almost doubled in January to 8.42 mbps from 4.68 mbps.
The platform's users will be able to find help-wanted posts at business pages on Facebook or by looking in a new 'jobs' bookmark on the leading social network's mobile application.
Nasscom had said the sector will grow at the lower end of its revised target in fiscal 2017, but deferred guidance for the next financial year by a quarter, as the headwinds rise.
The Ministry is tasked with promotion of e-governance for empowering citizens, promoting inclusive and sustainable growth of the electronics, information technology and information technology-enabled services industries.
The Indian IT industry is facing multiple headwinds - changing technology landscape, global events like Brexit and concerns over tightening of H-1B visa regime.
As growth rates come down and share prices suffer, many analysts have said that IT companies should use the cash pile to buy back shares, which will help prop up their share prices.
The company's artificial intelligence platform Watson will be touching the lives of 1 billion people across the world including 200 million people each in the fields of healthcare and education.
"When we started Jio, we set a target for ourselves that we will acquire 100 million customers in shortest time. Even we didn't imagine that we would do it in months," Mr Ambani said at the three-day Nasscom leadership forum.