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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
Now sole contender as L&T Infotech quits race
Murthy comes at a time when the company is losing market share, profitability, and has lost control over predictability of the business.
It, however, is yet to decide on the annual wage rise.
In the quarter ended March, the company's overall headcount fell by 791 to 84,403.
Move to help employees get more without raising their salary base
Q4 turned out to be a much softer quarter than we expected, and some of the ramp-ups did not happen.
It might take a little longer for demand to pick up in India's IT outsourcing services industry.
The US company is driving this strategy through a combination of initiatives, including working with telecom carriers to offer Facebook to users at an affordable rate.
The $100-billion export-driven sector has been vocal on the need to move up the value chain with increased automation, offering services bundled with software products and platforms.
On Tuesday, Nasscom announced at its 21st Leadership Summit that it expected the sector to grow 12-14 per cent in FY14, better than the 10.9 per cent growth it would report for FY13.
Vanitha Narayanan's appointment comes at a time when the IT sector in the country is grappling with the after effects of the slowdown and is weighed by an uncertain economic environment and spending cuts.
After spending 20 years at HCL Technologies and heading various service lines, Anant Gupta on Thursday assumed the role of president and chief executive officer.
Infy CEO and MD talks about the factors behind the company's performance in the quarter.
After GMR Infrastructure pulled out of the Ahmedabad-Kishangarh highway project, there were reports that delays in getting green clearance was one of the reasons behind the infrastructure firm's decision.
Even as the number of internet users continues to rise and the government increasingly seeks to offer citizen-centric services through the internet, data show about half the government departments and ministries in India are vulnerable to data theft, hacking and cyber terrorism.
Data says 774 government websites have reportedly been hacked in the last five years, reports Piyali Mandal.
Government will give financial incentives to private companies to set up manufacturing units in India.
The move will help to curb the grey market for sub-standard electronics products.
Lack of clarity over long-term commitments by states for buying RE acting as a dampener.
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