All stories by Debasis Mohapatra
Whistleblower case: Infosys audit panel found no 'financial impropriety'Rediff.com11 Jan 2020
The company said the committee, headed by independent director D Sundaram and assisted by independent legal counsel Shardul Amarchand Mangaldas & Co, and PricewaterhouseCoopers, found that the "allegations are substantially without merit".
Rishad Premji to be non-executive chairman at WiproRediff.com4 Jan 2020
Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
Boeing 737 Max crisis: Indian IT firms may take a $1-bn hitRediff.com3 Jan 2020
Major IT firms such as Tata Consultancy Services, HCL Technologies, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem, which comprises engine manufacturers, body suppliers, and avionics providers. These firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme.
Large Indian IT firms may steal a march over global peers to clinch dealsRediff.com30 Dec 2019
Around 1,680 deals worth over $80 billion will be renewed next year. Among Indian vendors, Infosys, TCS, and HCL Technologies are better placed to see a higher growth rate in 2020.
3 key reasons why IT cos in India are cutting jobsRediff.com18 Nov 2019
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
Slowdown has also hit India's liquor industryRediff.com14 Nov 2019
Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded in past years.
Indian IT firms worst hit as H-1B visa rejections riseRediff.com31 Oct 2019
Among IT services firm, Cognizant witnessed over 60 per cent of its initial applications rejected, followed by Capgemini, Accenture, Wipro, and Infosys. In 2018, the top six Indian firms got just 16 per cent or 2,145 H1B work permits.
Infosys readies new global delivery modelRediff.com30 Sep 2019
Experts said this would not only reduce Infosys' dependence on the H1B visa, which has seen increased restrictions under the current US administration. It will also help the company in building an employee pyramid for its future operations.
PSB mergers may mean Rs 5,000-cr demand in IT outsourcingRediff.com9 Sep 2019
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
IT sector sees highest-ever hires in AMJ quarterRediff.com2 Sep 2019
Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment.
Coffee Day brings in ex-CBI boss to probe Siddhartha's letter, study accountsRediff.com31 Aug 2019
The assignment was earlier given to global audit firm EY. But it has now been reassigned owing to 'certain conflict of interest', the Bengaluru-based company said.
CCD's fundraising could be hit by complex shareholdingRediff.com2 Aug 2019
A complex holding structure and unrelated businesses clubbed under one roof could have been the reasons that prompted investors to shun the stock, experts say. These are likely to impact the company's ability to raise funds, too, they add.
Mindtree techies worry over work culture shift as L&T takes chargeRediff.com23 Jul 2019
While the leadership change in Mindtree is yet to happen, there's a buzz that the co-founders of the IT firm may float another company.
At his last AGM Premji outlines Wipro's 4 focus areasRediff.com17 Jul 2019
Digital, cloud, engineering services, and cybersecurity will drive Wipro's growth. 'Based on approval from the board, we have decided to step up our investments significantly in these four big bets,' Premji said in his last address as executive chairman.
Decline in global client spending may put Indian IT sector under stressRediff.com11 Jul 2019
Though global IT services spending is likely to cross the $1-trillion mark to reach $1.031 trillion, growth rate will slow to 3.8% in 2019, compared to 6.7% last year according to reports
Good news for techies; 25,000 openings in Indian IT sectorRediff.com1 Jul 2019
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
Ghosts of Panaya, Skava continue to haunt InfosysRediff.com24 Jun 2019
In 2015, Infosys, under the leadership of then CEO Vishal Sikka, had bought Israeli automation technology firm Panaya for around $ 200 million and e-commerce service provider Skava for $1 20 million. The buyouts were mired in controversy owing to allegation of over-payment apart from not being an ideal fit.
'A Bharat Ratna among businessmen'Rediff.com22 Jun 2019
'He is a role model for Indian industry.'
Mindtree set to appoint 3 L&T nominees as board directorsRediff.com21 Jun 2019
With this rejig, Mindtree's board will now have 12 board members from eight.
Adverse action on audit firms may put IT cos in a spotRediff.com18 Jun 2019
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.