In the last couple of months, top Indian IT services providers, including TCS, Infosys, Wipro and HCL Tech have announced setting up cyber threat management centres in the US and Europe.
While for clients it has led to increased outsourcing, they are no more worried about which shore the service providers are executing the project in - offshore, onshore or near-shore - because remote working has become the standard norm in the industry, giving rise to a "no shore" kind of model.
Exam centres will not only ensure social distancing among examinees -- there will also be a strong focus on avoiding malpractices and conducting the test with minimal human intervention.
'We know that if the IT industry goes on strike even for a day or two, the repercussions will be international, and we will suffer as a country.' 'We don't want that to happen.'
Scouting for talent in metros and larger towns is expensive. The cost of acquiring candidates at the entry level jobs for most IT, ITeS companies is estimated to be 15-17 per cent less than those in the metros and tier 1 cities.
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.
TCS had earlier this week announced that it too would be hiring less number of freshers.
'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.'
The company owns 12 of 45 facilities it has in India and around 75 per cent of its global headcount of 2,44,300 is based in the country
Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
The past few weeks have seen several hundred people let go of by IT services firms joining unions claiming to represent tech workers fighting for their rights.
Benchmark share indices opened lower on Monday, amid weak global cues, as investors turned cautious ahead of the US Federal Reserve stance on interest rate.
'I chose the army over glamour,' says Major Sheena, who feels no other profession elicits the kind of respect like the army does.
According to property consultant JLL, the vacancy in office spaces is expected to be around 13%.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.
A summary of sports events and persons who made news on Sunday
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
After sending notices to 1.21 million Permanent Account Number (PAN) cardholders who had not filed their income tax (I-T) returns, the I-T department has now identified another 2.17 million potential non-filers. It had already sent letters to 50,000 potential non-filers in the first batch.
Revenue from its IT services business rose 9 percent to $1.86 billion.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
Andhra Pradesh Chief Minister N Chandrababu Naidu, who was instrumental in developing Hyderabad as a key information technology services destination in the country, is now embarking upon a mission to establish the state as an electronics manufacturing hub.
In February 2013, the airline under the then chairman Rohit Nandan decided to shift its base to New Delhi.
Did you know that India is among the top five countries in food processing?
Smaller cities like Pune and Noida score better than 'Vibrant' Gujarat's Ahmedabad.
Company says faults, which were noticed soon after system upgrade on March 27, have been rectified
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Sensex rises, Nifty ends at record high; RIL shares rally.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
'Middle-level managers account for 10 per cent -- or 450,000 people -- in the IT industry in India.' 'And of these 225,000 would lose jobs over the next one decade as their work would get automated.' 'This is grim news for many reasons,' says Aakar Patel.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
Infosys will be taking over the subsidiary along with all the costs in the similar manner that TCS had acquired the operations of the Pearl Group in the UK.
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
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