With this, the total strength of TCS's board has increased to 11.
As Covid-19 cases recede, India Inc is once again tweaking work rules. Big tech companies such as TCS, Wipro and Infosys have either begun or are in the process of calling employees back to office in a staggered manner. A survey by Aon, a global professional services firm, has found that 60 per cent of tech firms now expect every second employee to come to office. More than half of the employees working in engineering and manufacturing firms are also being asked to return to work.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
Ex-employee Steven Heldt had sued the company for favouring South Asians and discriminating against American workforce.
'Over the next two to three years, hiring will come down further.' 'You will see the industry intake of freshers go down to 150,000 from the current 200,000.'
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
Infy board gets law firm to probe 'lapses', appoints Cyril Amarchand Mangaldas to engage with founders.
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.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. But most of them see continuing value when it comes to employee training, even though it skims crores (tens of millions) of rupees off their top-lines.
His mandate at Infosys, he says in an interview at the family office in Jayanagar and his first after the stint at Infosys, was to solve the problem of how to measure the individual productivity of a software engineer.
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
There was an uptick in clients' spends in the digital segment.
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
The market breadth, indicating the overall health of the market turned negative from positive
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
Narendra Kumar Patni, pioneer of India's information technology (IT) services revolution, passed away in the US.
CEO probable says the new role as president could not have come at a better time
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Infosys has been in the eye of the storm on alleged violation of H-1B and business visa norms on several occasions in the US
The catchwords today are digital, analytics, robotics.
Galloping growth triggered mass hiring and salarys levels soared in its wake.
The US government should not only look at salary, but also focus on skills while making immigration reforms
Sikka reinforces focus on automation & artificial intelligence
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
Ever since India became a force to reckon with in software services, doing for clients what they want done, the big void that has been constantly talked about is its absence from the space of software products - those over which you own intellectual property rights.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
The issue arose after TCS dismissed hundreds of employees in January 2015, leading to the formation of the IT Employees Wing supported by the NDLF.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
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.
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Rohan Murty was speaking at the 50th anniversary symposium of the computer science department at Cornell University.
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
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