Professional services firm Ernst & Young bagged the contract from UIDAI to become consulting partner for the project.
Infosys Technologies and Wipro have made it to the list every year since 2005.
Realigned training modules. Better automation and coding tools. Internal contests and more.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
In a major boost to West Bengal's industrialisation drive, IT major Infosys Technologies on Tuesday signed an MoU with WBHIDCO for a 50-acre plot to open a campus in Kolkata to provide job opportunities to nearly 15,000 people.
Modest growth projections hits IT sector.
The 15 IT companies that have declared results so far together clocked 8.4 per cent growth in revenue, the slowest since 2001, largely due to a poor show from Wipro, Tech Mahindra and Polaris Software. But Infosys Technologies and TCS excel, with double-digit growth in year-on-year revenue from software exports.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The economic slowdown, which caused severe job-cuts across the country, has brought new opportunities for frauds who, masquerading as representatives of IT companies, are luring employment-seekers with promises of good placements in lieu of some 'security amount'.
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
The pace of job generation has slowed as IT firms look at automation to do testing
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
TCS, Infy, Wipro among those that have bagged a five-year deal.
'The biggest struggles are in the human mind.'
Perceived till recently as low-budget and low-margin, the domestic market now means big business to Indian IT majors.
"Despite many obstacles, the Indian IT sector is growing stronger. However, innovation is the key driver of growth. There should be innovation in products, research and development, technology, organisational structure, business model and processes. Indian companies should follow this model to remain successful," he said delivering the keynote address of the Freescale Technology Forum in Bangalore.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
The recent multi-million dollar deals by the likes of TCS, Wipro and HCL Technologies buttress the fact. If the economy does not lose more steam, these companies say the IT sector may see a semblance of normalcy by year-end.
Rajasthan has lined up a slew of incentives and benefits for startups to set up base there as the state aims to become a technology hub like, Andhra Pradesh and Karnataka.
Natarajan Chandrasekaran (called Chandra by colleagues and friends) will take over as the managing director and chief executive officer from Ramadorai on October 6.
The survey takes into account factors such as financial reputation, vision, corporate reputation, quality and innovation.
Fresh suitors have emerged, and a cleanup is proceeding under a board appointed by the government. But the fraud leaves a cloud over Indian outsourcing.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ashok Soota of Happiest Minds shares the secret recipe with us.
The broad idea is to help freshers and high-potential employees develop soft skills not generally taught at universities, and simultaneously increase retention rates in an industry that has attrition rates between 30 and 50 per cent. The industry, according to Nasscom estimates, accounts for almost $11 billion and employs slightly over 700,000 professionals (in terms of direct employment).
Chrysler and General Motors each annually outsource $200-300 million (around Rs 10-15 billion) worth of projects to different vendors, which may be hit by 20-25 per cent, says Avinash Vashistha, chairman and CEO, Tholons, a research and advisory firm. While Chrysler has filed for bankruptcy, there is talk that GM may follow suit.
The total value of India's top 100 brands has increased by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021, according to the latest Brand Finance India 100 2021 report. This uplift in brand value over the course of the first year of the pandemic is an impressive feat given the global economic crisis following the implementation of national lockdowns in March 2020, when business activity was brought to a halt, affecting both production and consumption. Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group.
Analysts factor in 200-300-bps impact on sales in FY16
A slowdown in the global economy and sub-prime crisis in the banking, financial and insurance services sector, its major revenue earners, force the domestic IT industry to take a relook at its hiring strategy.
The strategic buyout of Axon will increase Infosys' share in the high-growth SAP segment and consolidate its position in Europe.
Faced with imminent recession in the United States, Indian IT services companies might take this step from April 1, 2008.
IT shares were witness to broad-based selling in early trades as a strengthening rupee indicates lower revenues for these companies.\n\n
