The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
The unprecedented rainfall in Chennai during the first week of December and the resultant flooding had impacted the business operations of companies operating in Chennai
Also looks at setting up development and training centres in the US to tide over visa-related issues
IT industry body Nasscom said it is quite hopeful the final contour of the bill would be much more balanced than it is at present.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Monday saw the Sensex post its weakest closing since July 11 when it settled at 36,265.93. In the previous four sessions the index had lost 1,249.04 points.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Rising protectionist policies followed under Trump administration has prompted all IT services players to hire more locals in onsite geographies, especially in US.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
IT majr Wipro needs stability at the top deck, say industry watchers.
Sikka's regret over lack of strategic talk with clients hints at larger problem
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
'His working style differs from his father as he is a quick decision-maker.'
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
Will Infy spring a surprise in subdued second quarter?
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
Barring oil and gas, all BSE sectoral indices finished in the green.
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
With the lockdown in force, live online teaching has become the order of the day, report Peerzada Abrar and Sai Ishwar.
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
The company attributed the cut in guidance to the macroeconomic uncertainties.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
Students will have more H1Bs to count on after they graduate.
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
Accenture has its largest employee base in India with close to three lakh people.
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