From the beginning of 2021 Wipro has moved on to a new organisational structure. Analyst tracking the company are now wondering if CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI (banking, financial services and insurance) space by acquiring Capco for $1.45 billion is a step taken too early. Though many agree that Capco as a target may be good, but Wipro, which has been the most aggressive player in acquiring firms compared to its Indian players, does not have much to show in terms of performance as it continues to lag peers.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
It is not clear whether the drop in offers is a fallout of demonetisation.
Indian women still hesitate in asking for promotions and pay raises, unlike men, says a global survey on workplace habits by information technology giant.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Many businesses hire blockchain developers to provide the finest solutions and establish new technologies by utilising their superior expertise.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
Besides having Indians in top management, the IT major is working to make the country an innovation hub to drive business in Europe.
The companies will design, build and manage IT infrastructure in a deal estimated at 350 million pounds.
The likes of Microsoft and Cohesity have offered crore plus salaries to some students.
According to a PTI report, in the latest '2012 Global Outsourcing 100', compiled by the International Association of Outsourcing Professionals, three Indian firms have found a place in the top 10, with Accenture heading the list.
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
The company has been able to help clients to transform their business and beat cost during the slowdown.
Average revenue for 2012 Global Outsourcing 100 providers was $1.6 billion, with a growth rate of 6 percent versus 13 percent in 2008.
In fact, 91 per cent of the Indians surveyed admit that the widespread use of technology has enabled them to achieve a more 'flexible' work schedule, as per the findings of a global research from Accenture titled 'Defining Success.'
147 domestic and international recruiters -- including Ola, Amazon, Flipkart and Xiaomi -- hired all 460 graduates.
HCL Technologies' stock has been on a run since the company announced its good first quarter results. An interview with Anant Gupta, president and COO, on the company's future strategies.
Matt Kuchar felt as if he ruled the golfing world on Sunday after landing his first World Golf Championships (WGC) title with a 2&1 victory over Hunter Mahan in the Accenture Match Play Championship final.
Jason Day found it nerve-racking at the end but he could not keep the smile off his face after beating the Masters champion and a former US Open winner on Saturday at the WGC-Accenture Match Play Championship.
Six years after he overcame the odds to earn a $2 million cheque, Scott Piercy landed a different jackpot with a stunning 7&6 victory over Luke Donald at the WGC-Accenture Match Play Championship on Friday.
World No 1 Rory McIlroy and three-times winner Tiger Woods were both sent packing in stunning fashion in the snow-delayed first round of the WGC-Accenture Match Play Championship on Thursday.
Where do Indian IT firms stand compared to their global peers in this journey of transformation? Ayan Pramanik seeks answers from IT services analyst Phil Fersht.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Educational institutes feel the pain as hiring roughly 50% of usual this year.
Indian IT firms, with their focus on cost-saving and labour arbitrage deals will face intense competition from their better equipped global competitors who provide solutions across the value chain.
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
Both companies, along with three others, were suspended in 2010 on grounds of irregularities.
Stock market crash: TCS sheds $21 billion in market capitalisation, Infosys $7 billion and Wipro around $3 billion
Many believe that more women would hold CTO positions in 2030.
Private equity investments during January-March stood at $3.18 billion.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
Tiger Woods tumbled out of the WGC-Accenture Match Play Championship on Thursday after fellow Americans Hunter Mahan and Dustin Johnson had eased into the third round with commanding victories.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
The recently-concluded lateral placement process at IIM-B saw the emergence of management consultants as the preferred choice for more than 55 per cent offers.
The Q3 office rebound growth was led by Bengaluru and Hyderabad, which together accounted for nearly 80 per cent of the net absorption in Q3.
Companies are trying to absorb the rising costs by investing in consistent supplies. One of the biggest priorities is to make the supply chain more efficient and resilient.
