Wipro, which employs 22,000 people across Chennai, is the latest IT service provider to warn of the impact of the floods in a city
The pace of job generation has slowed as IT firms look at automation to do testing
20 Indian companies, including Infosys, Wipro, TCS, made it to the top 100 global outsourcing companies.
Tech stocks zoomed in the special trading session on Saturday on huge buying support.
Information technology firms appear to have lost their appeal at the Indian Institutes of Technology. Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
At times of slow growth, India has seen number of graduates doubling since 2008 to almost 25 million in 2016
After HCL Infosystems, another IT major Wipro has decided to shut down its manufacturing of computers and servers due to changing market scenario and consumer preferences.
At a time when exporters and IT companies are worried about the Rupee getting stronger against the US Dollar, subsequently "affecting business", Shiv Nadar, founder of software and hardware major HCL said things are doing fine.
Analysts factor in 200-300-bps impact on sales in FY16
Sixteen major contracts worth nearly $14 billion to be renewed by June 2018 but uncertainty looms large.
There's a study which says our hardware imports will be $50 billion in 2010, which is roughly the same as the projected software exports - so it is critical to develop critical mass in production here, says Ajai Chowdhry, CEO, HCL Infosystems.
The employee stock options, which lost its charm following the dot-com bust of late 90s and crashing markets, are regaining popularity with more and more companies using them to attract and retain talent, say industry insiders.
TCS had earlier this week announced that it too would be hiring less number of freshers.
The country's IT software and services exports from the top-10 firms crossed $15 billion to touch Rs 68,236 crore (Rs 682.36 billion) in 2006-07.
HP, Wipro and HCL Infosystems have ruled out any revision in computer prices following goverment's decision to exempt pre-loaded software on PCs from 10 per cent excise duty
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
It's the second time Nasscom has projected single-digit growth in a decade.
IT services firms would no longer focus on large volume hiring from campuses like they did at least two to three years ago, as demands of clients are changing.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
There are no major announcements in the Union Budget 2014-15.
Country's third-largest software services firm Wipro has said it has been chosen as the official digital and IT partner for Chelsea Football Club.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
Tech stocks were spurred on today by the firm U.S. markets and bargain hunting.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
In dollar terms, its m-cap rose to $76 billion
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