'Every parent should rethink their decisions to send their children to the US.'
Tata Elxsi (TelX) reported a weak Q3FY25, with a sharp deceleration in the transportation vertical. However, recent deals in the Asia-Pacific (APAC), higher mix of original equipment makers (OEMs) and partnership with Qualcomm will improve growth. FY25 is the third successive financial year of revenue growth deceleration and second successive financial year of profit deceleration.
US-based IT consulting and services company, Amtex Systems is aggressively expanding its presence in India
Silverline Technologies Ltd signed an MOU with a telecom BPO Solutions provider in USA, to support 200-250 seats capacity from its offshore development centres in India, in Phase-1.
With a US slump likely, semiconductor firms - particularly the global companies operating captive design centres in India - are expected to hire fewer engineers in the next financial year. More than 50 global companies, mostly from the US, operate captive design centres or offshore development centres, partnering Indian firms. More than 50 per cent of the Indian semiconductor firms are dependent on the US market for revenue. Hence, on-campus hiring will see general slowdown.
Satyam Computer Services Ltd said on Monday it has signed a strategic partnership agreement with Denmark-based NNIT, a leading consultancy firm in IT operations.
John Leighfield, chairman (global group), RM plc, said, "We will have to take a concrete decision after weighing all options. The education scene in the country faces a major financial resources crunch and incorporating RM's educational software and services might not be a viable proposition for many schools in India only due to this." However, the company is keen on servicing clients in the country's education segment with time.
Mumbai-based software solution company Mastek is all set to open a huge facility in Chennai to serve its customers abroad.
Saber is looking for Team Members/ Team Leaders/ Project Managers and Architects for its offshore development centre at Chandigarh.
Japanese IT giant Fujitsu is looking for a massive investment in India, both, to market its products and to set up call centres and offshore development centres across the country.
IT consulting company Yash Technologies Inc, a United States based software company, on Monday announced the opening of a new offshore development centre in Hyderabad.
The offshore development centre of information technology major Cadence Design Systems has dislodged Infosys Technologies from its top position to emerge as the best employer of the Indian IT industry in 2003.
Airbus' own centre in Bangalore for engineering has got more than 350 engineers working in core engineering function.
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