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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nandan Nilekani, Gokul Rajaram at top two spots in value terms
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
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Rohan Murty was speaking at the 50th anniversary symposium of the computer science department at Cornell University.
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.
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
Non-profit Code for India, which inspires techies to volunteer their time and talent to the developing world, on Thursday announced that parallel India-US hackathon will be held at the Google campuses in Bangalore and in Mountain View, California.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
'There is large-scale sacking, and salaries in smaller companies are lower than the minimum wages of Rs 18,000 a month.'
Tata remains India's powerful brand with its value ring over $15 billion for the first time.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A number of Xooglers are employing lessons and practices learnt during their stint at Google to branch out into innovative ventures.
TCS moved into new markets like France, Japan thanks to acquisitions.
On his three-day trip, the Microsoft CEO will meet governments and businesses to get them to use the company's platforms.
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.
Half of the people earning between Rs 30 lakh and Rs 70 lakh will lose their jobs in next 10 years.
The United States Citizenship and Immigration Services, the federal agency which receives and determines the successful applications for H-1B visas, said yesterday that it received 199,000 H-1B applications for the 2018 fiscal year.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
Analysts refuse to read too much into the early birds numbers.
For the new millennium generation, slowly and at an accelerating pace, it is attractive to harbour a start-up ambition, says R Gopalakrishnan.
Expert staff in the line of fire in the tech sector. Analysts attribute these job losses to a slowdown in growth, automation of lower-end work.
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
The New Year, like 2014, will see brisk hiring. But, specialisation and strong domain skills will decide who gets hired.
About 76,000 H-1B visas were issued to people in computer occupations in 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The biggest struggles are in the human mind.'
The challenge before TCS is to be totally at home with the IPR regime of developed economies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Why top executives are trading cushy jobs for start-ups
In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
