Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
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TCS is expected to report a 5 per cent QoQ (USD) growth in revenues, highest in our coverage, while Wipro's IT Services revenue growth could be closer to 1.1 per cent QoQ (USD terms)."
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HDFC Bank, Reliance Industries and Housing Development Finance Corporation (HDFC) -- with free-float market cap of over Rs 3 trillion -- have the highest weight in the Sensex and the Nifty.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
Speaking after inaugurating a three-day annual convention and conference of Indian Institute of Architects in Bangalore, Nilekani said the new method would help reduce corruption, and enable drawing up of digital database of cities. He stressed the need for energy-efficient and sustainable buildings, and 'climate adaptation' in design.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Nandan Nilekani, erstwhile CEO and a founder of Infosys Technologies Limited, who is currently co-chairman of its board of directors, offered a peek into his forthcoming book Imagining India, which he said attempts to alleviate a gap in understanding India, while delivering the kick-off Global Leader Lecture at Johns Hopkins University's School of Advanced International Studies.
With prominent Indian IT companies such as Tata Consultancy Services (TCS), Wipro, Infosys Technologies, Zensar Technologies and Satyam Computer Services increasing their presence in Japan, the world's second largest IT services market is becoming a lucrative market for India.
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While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
Technology evolution forces private players to downsize operations.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
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Before his departure, Putin visited software major Infosys on the outskirts of Bangalore and defence undertaking Hindustan Aeronautics Limited.
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
Fund managers say the recent fall is not going to sustain.
India had failed to build world-class educational institutions due to government regulation in the higher education system giving limited opportunities to colleges and universities to adapt and change, says the Infosys boss.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Students will have more H1Bs to count on after they graduate.
Sensex dull at close, Infosys rules, ITC drags.
The Chandigarh administration has approved the allotment of 30 acres of land to Wipro Technologies Limited in the second phase of the Rajiv Gandhi Chandigarh Technology Park.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
India's large population can become a liability rather than an advantage as limited progress in human resources development has been made so far, Infosys chairman N R Narayana Murthy said.
Robotics is making inroads into HR, but will not replace the function any time soon, experts say.
The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
The breadth, indicating the overall health of the market, was slightly positive
Additional levy to eat into Rs 6,000-crore income of top promoters
He was accompanied by Hindustan Lever Limited chairman Vindi Banga, ICICI CEO K V Kamath and a member of the Board of Governors.
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
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