The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.
While some are raising questions over the company's ability to regain its position as the sector bellwether, others believe problems at the company may be "much bigger than anticipated".
'It is a sign of a bigger problem which is coming in the next six months.'
Infosys, like many of its peers, has been ramping local hiring in key markets like the US, the UK and Australia to tackle increasing scrutiny around work visas by various governments.
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
IT firms Infosys and Mphasis on Tuesday said they will create employment for about 2,000 people, while Wipro will invest pound 16 million (about Rs 163 crore) in the UK over the next few years. The announcements were made ahead of the virtual summit between UK Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. Infosys said it plans to hire 1,000 workers in the UK over the next three years as part of efforts to support the country's economic recovery and growth.
To increase local talent mix in the US like their major peer Infosys
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
Analysts say the impact on Indian entities would not be immediate
At Infosys and Wipro, 8,200 roles have been impacted in six months.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
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.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
Engineering students continue to prefer working with IBM as it is the most preferred brand.
Anant Gupta, HCL Technologies' chief has an amazing success formula to get things done.
To attract people from tier-1 colleges IT services companies must increase payment to freshers: Mohandas Pai.
Afrid Afroz, 21, who was adjudged best cadet at the NDA's 144th course, will join the Indian Air Force and hopes to be a fighter pilot.
The advent of internet of things, blockchain, data analytics, artificial intelligence, and self-driving cars has also created huge business opportunities for online training platforms such as Udacity and Coursera.
Pai argued that at a time when the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years, it was totally wrong to hike the compensation for top-level executives.
The firm, which has sacked 1,000 employees, says nothing new about it, laggards weeded out every year, this year is no different
The companies include Larsen & Toubro, Hindustan Unilever, Infosys, TCS and Sun Pharma
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
At least 2,00,000 traders encountered difficulties in August, September, and October since there was no editing facility in summary return filing.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
In the past two years, Sikka has brought in new measures by putting project managers to pitch how they cut time, saved costs and improved productivity
Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
Training a person for 16 weeks (4 months) in the US costs something like $50,000 (around Rs 21.25 lakh). However, the education system is much better in the US. So we provide short-term training courses of about 15 days for new recruits there
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
Three engineers in their mid-20s, from start-up company Telmoco Development Labs in Trivandrum's consumer electronics incubator Technopark, who developed this Android phone want to make their product company as successful as Infosys is as a services company.
Over the last years, taking the helm at Infosys has always had a strong resemblance with taking a roller-coaster ride
W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers
The record in net addition from the top four was in 2016-17, of 59,427 employees.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
TCS is hiring from over a hundred engineering campuses, MBA graduates from top B-schools in the US
Companies are expected to firm up their business plans for the second half of the year.
Indian IT industry veterans believe lack of maturity from the political leadership may have helped people in the US to take advantages.
