This business could also be aided by new outsourcing opportunities in IMS from Germany, France and northern Europe
At Infosys and Wipro, 8,200 roles have been impacted in six months.
In our case, the reason for this downward revision of guidance is because there are clients where we have had one time hits because of ramp-downs and things like this, says the Infosys CEO.
A cow that speaks, a question on patriarchy and the story of a 17th-century poet - Sanskrit filmmakers are finding new ways to revive the 'dying' language.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
'We need good teachers at the primary, secondary and higher education levels.'
Firm to prune domestic costs through initiatives such as voluntary separation
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Of the 3.9 million the sector employs, HR experts say at least 100,000 are likely to lose their jobs by the end of this financial year. Ayan Pramanik and Raghu Krishnan report.
Recently, when TCS laid off a handful of employees, prominent trade unions rushed to offer their support to workers who had lost their jobs.
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
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
'You will see more and more people working independently -- starting beauty parlours, driving cars, etc.' This is what we call the gig economy.' 'The same people who have been laid off in India or are unable to get visas to work in the US may be part of this gig economy.' 'India needs billions of jobs, and it can only be created by self-employment or the gig economy.'
Of all the other cities in India, Bangalore is one city, where you can actually walk around and take in the crowd and confusion, says Sumit Ganguli.
'India is the number one IT destination in the world as we have the largest number of IT professionals in the world.'
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
IT services firm Tech Mahindra on Thursday posted a 57.6 per cent growth in consolidated net profit at Rs 718.4 crore (Rs 7.18 billion) for the second quarter ended September 30, aided by growth across verticals especially retail, travel and logistics and uptick in demand from Europe.
'Every educational institution should have incubating centres so that students will get exposed to entrepreneurship early.'
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
Deal to bolster firm's position in healthcare IT.
'You have to move from one skill to another skill.' 'An employee can't say this job is my right and even if you train me, I refuse to get trained.' 'Those who participate in re-skilling will remain in the industry.' 'Those who refuse to get re-skilled will have to go.'
'If jobs do not happen, the demographic dividend we have will become a demographic disaster.'
Transcript of the Ganesh Natarajan chat on rediff on Friday.
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