TCS said FY15 will be a better year in terms of top line growth and the deal pipeline remains strong
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
Most of the hirings are, however, in the entry or junior level.
Cost cutting has begun to deliver; analysts say the real turnaround will come when Murthy's impact is evident on sales and delivery.
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.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
The company attributed the cut in guidance to the macroeconomic uncertainties.
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".
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
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.
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
The US-listed company, which has bulk of its employees in India, has appointed Gerhard Watzinger as interim chief executive with immediate effect.
In his first email to employees, Vishal Sikka exuded confidence that he will build a sustainable business.
Equity investors grew richer by Rs 32.49 lakh crore in 2020 on the back of smart returns in the stock market which had a roller-coaster ride during the year hit by the coronavirus pandemic. The COVID-19 outbreak ravaged lives and livelihoods on a global scale, shuttering businesses and jolting world equities. But amid all the gloom, Indian stock indices gave hope of returning to winning ways towards the latter part of the year.
Q4 turned out to be a much softer quarter than we expected, and some of the ramp-ups did not happen.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Vempati previously worked with Infosys and now heads an online media company.
Software firm dismisses charge, says Finacle has proven ability.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
'The industry growth in 2016< came from the new digital technology segment which grew at over 20%.' 'The challenge for the industry is that the legacy business makes up almost 80% of revenue.' 'Hence the urgency to transform into digital business.'
The clarifications came directly from the board of directors.
Infy CEO and MD talks about the factors behind the company's performance in the quarter.
In new year message, Sikka warns staff of automation, Premji talks of Wipro's core values
India Inc's cash pile was up 13.8 per cent last fiscal year, thanks to a combination of higher profits in sectors such as IT and fund raising by top companies such a Reliance Industries, Bharti Airtel and Tata Motors, among others.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
Start-up entrepreneur Ashish Chaturvedi speaks about the challenges start-ups face.
According to experts in human resources, even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.
Sikka reinforces focus on automation & artificial intelligence
In an hour-long chat on rediff.com, one of India's most respected CEOs talks about leadership, the vision he has for the company, the impact of the rupee, et cetera.
The IT companies are not getting clarity about clients' IT budgets because of this uncertainty.
TCS had earlier this week announced that it too would be hiring less number of freshers.
The 34th annual general meeting (AGM) of IT major Infosys held Monday was an exceptional one.
IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
Mumbai-based Aftek Infosys Ltd and 3G Tel of UK have decided to set up a new firm, Aftek 3G Tel, to develop software products and services in the 3G environment for the UK-based clients.
Nadar and his family donated Rs 826 crore, while Azim Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the Edelgive Hurun India Philanthropy List 2019.
The panel would be chaired by T V Mohandas Pai, formerly a senior executive at IT giant Infosys and currently Chairman of Manipal Global Education Services Pvt Ltd, Sebi has said.
President Kalam, while interacting with trainees at the Infosys' Global Education Centre in Mysore, acknowledged that Murthy's appointment to the top post would be 'fantastic.'
However, talking to media persons later, Murthy advocated another term for Kalam as President.
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