Europe learning to live with offshoring, but Indian firms slow in riding the shift.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
At the moment, it has only personal computer monitors in its portfolio.
Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a company official said. He is survived by his daughter Nidhi and son Pranav.
Political disturbance over the demand for a separate Telangana state is forcing information technology companies to shift. The process to shortlist office space in neighbouring states, like Tamil Nadu, is underway.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
Askiitm.com allows anyone to ask a question related to the institute, which will be answered within 48 hours by a group of alumni and student-volunteers.
The board of directors of Cognizant Technology Solutions Corporation, a leading provider of information technology services, has declared a two-for-one stock split on its capital stock in the form of a stock dividend.
With a view to tap the east Europe market better, the Nasdaq-listed software major Infosys is planning to set up a centre in Czechoslovakia for both information technology and business process outsourcing operations.
Arun Kumar Singh, former chairman of oil refining and marketing company BPCL, was on Wednesday appointed chairman and managing director of ONGC -- the first instance of a retired person being appointed the head of a Maharatna PSU. "The Appointments Committee of Cabinet (ACC) has approved the proposal of ministry of petroleum and natural gas for appointment of Arun Kumar Singh, ex-CMD, BPCL as chairman, ONGC for a three-year tenure with effect from the date of his assumption of charge of the post," an official order said. PTI first reported of Singh's appointment on November 17.
Engineering giant Larsen & Toubro (L&T) is looking to divest its exposure to road and power concessions and incubate digital and e-commerce businesses as part of its new five-year plan ending 2025-26 (FY26). The base year for the plan is 2020-21 (FY21). The blueprint, called Lakshya 2026, is intended to help the company exit sub-scale businesses, concentrate on high-technology (tech) manufacturing, construction and green energy projects, and increase its share from information technology (IT) and digital services. The lending operations of the financial services business, meanwhile, will be reorganised, with focus on retail lending.
Cost cutting has always been on our agenda be it on power, travel or communication, says S Ramadorai, the chief executive officer, TCS.
Deal closure timeframe for most mergers and acquisitions has increased significantly.
In the document, the global body expressed concerns over the increasing use of Internet and other information and communications technologies, including social media platforms, for terrorist purposes.
.jpg)
Govt says Information Technology Agreement will be beneficial to India only when domestic manufacturing is robust
The Microsoft Corporation India on Wednesday signed a memorandum of understanding with the Punjab Government for jointly developing and deploying an array of technology for e-governance in the state.
ITC Ltd on Friday reported a 23.09 per cent increase in consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 2022, helped by growth momentum across its operating segments. The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue from operations was up 3.56 per cent to Rs 19,020.65 crore during the quarter under review, as against Rs 18,365.80 crore in the corresponding period of the previous fiscal.
In fact, we expect the first half of 2010 to be at least as challenging as the first six months of 2009, says Kishor Patil, MD & CEO, KPIT Cummins Infosystems.
Globally, IT and automotive together are a $4.5 trillion industry, and telematics forms a big part of this. Telematics is set to grow in a big way and can create a million-plus jobs in India over the next 5 years, says Prof Sadagopan.
In a bid to pitch India as an uplinking hub, the government on Tuesday announced relaxation in guidelines for compliance for television channels and also made a 30-minute daily public interest broadcast mandatory, mainly for entertainment channels.
The Certificate Programme in Business Administration offered by the Institutes of Management has not found favour with information technology companies.
With this, the total strength of TCS's board has increased to 11.
Most recession-hit clients, domestic and foreign, are asking for price cuts that large Indian IT firms are unable to offer due to high overheads. However, SMEs can afford to do so, since their employee costs are low. This is the right time to enter the domestic market, which is projected to expand five-fold by 2020 to $90-100 billion, including both technology and business outsourcing, said K Purushothaman, Nasscom's regional director for Tamil Nadu and Kerala.
The Supreme Court on Wednesday asked a special court in Ghaziabad, which has summoned journalist Rana Ayyub in a money laundering case lodged by the Enforcement Directorate (ED), to adjourn the proceedings scheduled for January 27 to a date after January 31.
TCS's chief operating officer and executive director, N Chandrasekaran, tells Shivani Shinde he'll focus on cost efficiency.
Some of external candidates being considered for the post of CEO include Bhaskar Ghosh of Accenture, Ritesh Idnani of Tech Mahindra, Ravi Kumar S of Infosys, and Nitin Rakesh of Mphasis, among others.
We look at strong companies. We tell them to conserve liquidity and conserve cash so that they can survive this period of downturn and come out stronger, says Shahzaad Dalal.
Indian systems engineers have emerged as the backbone of Japan's IT industry and more are flocking to the country which is witnessing a steep decline in its work force.
'For the politics of patronage in West Bengal, it has always been important to have territorial control.'
Thirty foreign information technology and business process outsourcing firms have committed an investment of Rs 670 crore (Rs 6,700 million) in Bangalore during the first quarter of the current financial year.
With the revival of the job market India Inc is all set to witness a significant jump in attrition levels as well, especially in sectors like aviation, information technology and business process outsourcing, executives search firm GlobalHunt India said on Monday.
The year 2009, was one of the worst years in terms of job market as terms such as 'layoffs', 'pink-slips', 'right sizing' became hot topics in household discussions.
The penalty collected from Mazumdar-Shaw will be donated to a charitable organisation of her choice.
