"Indian IT"
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WhatsApp banned over 66 lakh accounts in India during may, know whyWhatsApp also received 11 orders from the Grievance Appellate Committee in the country and complied with both, according to its monthly compliance report as per the new Indian IT Rules 2021.DNA - Published | |
Why New Jersey is emerging as the new hub for Indian IT companies and their top executivesNew Jersey is emerging as a top destination for Indian IT firms. New Jersey is home to the headquarters of several India-centric and Indian IT firms, such as Cognizant, Coforge, and CitiusTech.IndiaTimes - Published | |
Infosys & Wipro see sharp decline in number of employees earning over Rs 1 crore - here’s whyNumber of crorepati employees at Indian IT companies dips! The post-pandemic surge in demand for digital services had initially led to a fierce talent war, with companies like Infosys, Wipro, TCS, and..IndiaTimes - Published | |
Accenture jumps 7% on $2bn GenAI sales in yearAccenture's share price soared over 7% in early trade on Thursday in New York as its AI bookings surged to $2 billion and revenue reached $500 million year-to-date. The company also achieved strong new..IndiaTimes - Published | |
Higher utilization & GenAI at work? Why bench strength at top Indian IT outsourcers has nearly halvedThe reduction in bench strength at top Indian outsourcing firms, amidst the industry's toughest business cycle, is driving higher utilization rates and the adoption of GenAI. Companies are..IndiaTimes - Published | |
Will Indian IT companies be forced to exit H1-B visa program? Steep fee hike to make significant dent in pocketsUSCIS's sharp rise in US H-1B visa fees poses challenges for Indian IT service providers, impacting business operations. The fee hikes, including a 2050% increase in registration fee and a $600 asylum..IndiaTimes - Published | |
Wipro's Ex-CEO Thierry Delaporte Becomes Highest Paid Indian IT CEO For FY24In addition to his salary and commission he received 7 million dollars in additional payments and over 4 million dollars in long-term compensation.Zee News - Published | |
Meet man, hired by Azim Premji's Rs 244000 crore firm, became highest paid CEO in Indian IT sector, he earned...Thierry Delaporte has become the highest-paid CEO in the Indian IT industry for FY24 as he earned more than $20 million (or over Rs 165 crore).DNA - Published | |
Why Indian IT’s reliance on H-1B work visas has plunged 56% in the last 8 yearsIndian IT companies adapt to US visa changes, shifting to local hiring and digital services, while American tech giants like Amazon and Google see notable increases in H-1B visa approvals.IndiaTimes - Published | |
Good signal for Indian IT sector job seekers: Contractual hiring shows demand uptickIndia's information technology companies are seeing a surge in contractual hiring, indicating improvements in the demand environment for IT services providers. The uptick in contractual hiring follows..IndiaTimes - Published | |
US tech jobs pick up, green shoots for Indian ITTech hiring revival in the US supports Indian IT companies like TCS, Infosys. Growth in tech services and job openings in major US cities indicate a positive trend for the sector's recovery and..IndiaTimes - Published | |
Do non-Indian CEOs at IT firms fit culturally?Non-Indian CEOs, like Thierry Delaporte and Brian Humphries, faced cultural misalignment in Indian IT firms. Delaporte de-complicated Wipro but left as a remote CEO. Cognizant's Humphries lacked..IndiaTimes - Published | |
Cos enlist firms to run moonlighting checksThe Indian IT services industry continues to tackle moonlighting issues post-pandemic. Companies employ background verification firms to prevent dual-employment. Moonlighting rates decreased from 4-5%..IndiaTimes - Published | Brace for disappointment! Indian IT sector employees likely to see flat salary hikes and deferred increments this yearIndia's $250 billion IT sector is expected to witness stagnant salaries in 2024 due to global challenges impacting company operations. Average salary appraisals are projected to range from 8.4% to 9%,..IndiaTimes - Published |
This Noida firm's stock turned Rs 1 lakh to Rs 14 crore, led by Australia's richest Indian, it is...Today, it trades at Rs 112.85, yielding a staggering return of 138,900% for investors over this period.DNA - Published | TCS gives final warning to staff: Resume work from office or face consequencesIndian IT giant TCS has extended the deadline for employees to return to the office until the end of March. Failure to comply will result in consequences. TCS highlights the importance of work culture..IndiaTimes - Published |
Meet actor who gave 25 hits in one year, most by an Indian, it's not Shah Rukh, Rajinikanth, Amitabh, Akshay, SalmanThis Indian actor, who started working at 18, has given the maximum number of hits in one year.DNA - Published | After TCS, Infosys, Wipro & HCL Tech results, experts suggest Indian IT sector rebound likely in FY25Experts predict a revival in India's information technology (IT) sector in the next fiscal year, despite lackluster performance from the country's top IT companies. Tata Consultancy Services reported a..IndiaTimes - Published |
Can't enforce IT freshers' 'non-competes': ExpertsIndian IT companies are coercing campus hires into signing unenforceable non-compete clauses. Companies like TCS, Infosys, Wipro, HCLTech, and Tech Mahindra have non-compete clauses ranging from 6-12..IndiaTimes - Published | Big fight! How Indian IT firms Wipro, Infosys are looking to prevent rivals from poaching talentIT majors fight it out! IT companies in India are taking strong actions, including legal measures, to prevent their top talent from being poached by competitors.IndiaTimes - Published |
Accenture Song is size of Infosys, clocks $18 billion in revenueAccenture Song, formerly known as Accenture Interactive, recorded $18 billion in revenue in the 2023 fiscal, a 14% increase from the previous year. It offers digital creative services and has doubled..IndiaTimes - Published | Indian IT firms to see 5-6% rise in hiring - here are the most in-demand skills for jobsThe Indian IT services industry is witnessing a revival in hiring after a period of stagnation. Recruitment firms report a 5-6% year-on-year increase in hiring, driven by the improvement in demand for..IndiaTimes - Published |
Salary of TCS, HCL, Infosys, Wipro employees: Know monthly remuneration of top Indian IT firmsMedian remuneration is a valuable indicator as it represents the middle point of the employee compensation distribution.DNA - Published | BFSI GCCs eat into IT firms’ businessBFSI-focused GCCs in India are gaining ground in the insourcing trend, challenging Indian IT firms. State Street consolidates operations by acquiring 49% of State Street HCL Services. Lloyds Banking..IndiaTimes - Published |
Average to poor work life balance: Indian IT sector employees forced to work 50 hours a weekIndian IT employees are working longer hours than the industry standard, averaging 45-50 hours per week. However, this does not necessarily lead to increased productivity. Factors such as counting..IndiaTimes - Published | Following TCS and Infosys, Wipro Implements Big Changes In Hybrid Work Policy For All EmployeesIndian IT company Wipro has announced that all employees must work from office at least 3 days each week starting from November 15.Zee News - Published |
Nasscom: Some sections of the proposed H-B modernization rule raise concerns for the IT industryThe Indian IT sector, represented by Nasscom, has expressed concerns about certain aspects of the proposed rule for H-1B visa modernization released by the Department of Homeland Security (DHS). The..IndiaTimes - Published | Why Indian IT sector giants are likely staring at slowest growth everIndia's top IT companies, including Infosys, Wipro, TCS, and HCLTech, are experiencing their slowest growth ever. Infosys is expected to report its slowest growth based on current guidance of 1-2.5%...IndiaTimes - Published |
Lagging peers, Wipro's revenue falls 4.8% in Quarter 2Wipro, an Indian IT company, has reported a decline in revenue for the third consecutive quarter. In the September quarter, the company's revenue declined by 4.8% year-on-year and 2% sequentially...IndiaTimes - Published | IT Giant Wipro Reports Flat Net Profit In Q2 Amid Global Economic UncertaintyThe Indian IT services sector has been contending with soft demand for the last three quarters as clients delayed deal-making decisions or are outright cutting back on expenditure. Businesses are..Zee News - Published |
Headcount at TCS, Infosys & HCLTech may fall by 50,000 this fiscal; some Indian IT majors giving campus hiring a missIndian IT companies to see reduction in headcount: In contrast, during the previous fiscal year, these companies collectively added 70,000 employees, while in FY22, they hired a substantial 150,000,..IndiaTimes - Published | Wipro to roll out salary hikes effective December 1; details hereThe Indian IT industry, valued at $245 billion, has been affected by a slowdown in tech spending, leading to deferred salary hikes and reduced variable pay for the 5.1 million people it employs.IndiaTimes - Published |
TCS looks at 5th buyback in 6 yrs, may hit ₹20k cr markIndian IT company Tata Consultancy Services (TCS) is considering a fifth share buyback in six years, which could benefit its parent company Tata Sons. TCS's board, led by N Chandrasekaran, will discuss..IndiaTimes - Published | Indian IT staring at anaemic hiringAccenture's weak hiring numbers could have a ripple effect on the Indian IT industry. The company added only 951 people in the fourth quarter, while its headcount for the fiscal year dropped by 4,900...IndiaTimes - Published |
Indian IT gears up for muted Q2 earningsIndian IT companies are expected to face a weak earnings season due to Accenture's modest guidance and continued weakness in discretionary spending. However, deal wins have accelerated, giving..IndiaTimes - Published | India's visa suspension will have limited impact for businessesIndia's suspension of visa services to Canadian citizens has raised concerns among technology companies, professionals, and entrepreneurs. While there may be delays in new contracts, the impact on..IndiaTimes - Published |
Chitkara University Honours J A Chowdary-Pioneer in Entrepreneurship with Honorary Doctorate*Chitkara University* conferred an Honorary Doctorate degree upon J A Chowdary, the distinguished Founder and Chairman of the International Startup Foundation. This prestigious recognition pays homage..NewsVoir - Published | Meet IIT alumna, father of Indian IT industry who borrowed Rs 10,000 from wife to start company, his net worth is...NRN Murthy was raised in a middle-class home. He married Sudha Murthy who is chairperson of the Infosys Foundation.DNA - Published |
Altysys Announces Appointment of Arjun Malhotra as Advisory Board ChairmanArjun Malhotra, the pioneer of Indian IT industry has been appointed the Board Chairman at Altysys, one of the fastest growing Technology Services Start-ups in the healthcare domain. Arjun was..NewsVoir - Published | Several IT services cos defer salary incrementsIndian IT employees have had a mixed bag with increments this time around, reflecting the softer business environment. Infosys and HCLTech have not rolled out hikes yet. Infosys normally announces the..IndiaTimes - Published |
Indian IT industry expected to grow 3-5% revenue in 2024, lower than 2023: ReportnewKerala.com - Published | 95% of Indian IT leaders believe genAI soon have big role at their firms: ReportnewKerala.com - Published |
IT cos strike it rich with mega dealsIndian IT firms, including TCS, Infosys, Wipro, and HCLTech, have collectively secured multi-billion dollar deals in the June quarter. The objective of these deals is to cut costs through asset and..IndiaTimes - Published | This man has donated Rs 829734 crore, an Indian, it's not Mukesh Ambani, Ratan Tata, Azim Premji, Shiv Nadar, AdaniIt is to be noted that the philanthropists are ranked on the basis of Total Philanthropic Value, which has been calculated after adjusting the value of the assets for inflation.DNA - Published |
Hiring activity sees growth in Indian IT, BPO sectors in June: ReportnewKerala.com - Published | Inflow Signs Distribution Agreement with GigamonInflow Technologies today announced its strategic partnership with Gigamon the US based leading provider of network visibility and analytics solutions that enable organizations to optimize their..NewsVoir - Published |
This Indian IT company with market cap of Rs 14,200 crore plans to hire 6,000 employees in Mumbai, Noida; check detailsDespite the increasing pace of layoffs in the IT industry, an Indian IT company has declared its intention to hire over 6,000 individuals.DNA - Published | Lightstorm Establishes Strategic Partnership with SupertronVAD for its Self-Service NaaS Platform; Polarin*Lightstorm*, a digital infrastructure provider is expanding its market reach through its partnership with SupertronVAD Venture, for its newest product - a unique Network-as-a-Service (Naas) Platform -..NewsVoir - Published |
