Experts, however, are of the opinion that a world manned mostly by bots is still some time away. Also, new jobs -- of bot builders and supervisors -- will emerge with time.
Building front-end and stitching it with back-end is a task that IT firms are learning the hard way, finds Raghu Krishnan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The actress in conversation with the Wipro scion.
Dnyaneshwar Nivrutti Bodke is a farmer who hates subsidies and loan waivers. He also helps other farmers turn into businessmen and earn good income from their own farms.
Information technology services company Cognizant Technology Solutions on Monday met its revenue guidance given for the quarter ended March 30 and projected its April-June revenues to cross those of Infosys, something long anticipated in industry circles.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
S&P said Indian technology players will continue to grow at a slightly slower pace over the next two to three years due to technological disruptions.
The appraisals being done by most companies this year are harsher than past ones with higher threshold in many metrics. Reduction in headcount has been done across most tier-I and tier-II IT firms along with global technology firms in the country.
Educational institutes feel the pain as hiring roughly 50% of usual this year.
The contract, according to the sources, include two different components - one for mainframe and IT infrastructure support and management.
HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.
TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
With a modest workforce of 1,200, the 2007 start-up is already taking business from its bigger, established rivals, winning outsourcing contracts from leading US mortgage companies.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
India's top IT companies have shown a hiatus between their performance on the bourses in the pandemic period and earnings growth. The combined market cap of the top five IT companies - Tata Consultancy Services, Infosys, Wipro, HCL Technologies, and Tech Mahindra - is up 87 per cent since the end of March 2020. In comparison, the benchmark BSE Sensex is up 68 per cent during the period. So the industry beat the broader market by a big margin in the last one year.
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
Tata Consultancy Services (TCS) is likely to maintain its leadership position over the next three years backed by a strong and satisfied client base.
While the denial rate has dropped slightly to 21 per cent in 2019 from 24 per cent in 2018, the National Foundation for American Policy has said it is much higher for Indian IT companies like Tata Consultancy Services (TCS) and Wipro and very low for American companies like Amazon and Google. For instance, the denial rate for TCS and Infosys in 2019 was 31 per cent and 35 per cent respectively, whereas for Wipro it was 47 per cent and 37 per cent for Tech Mahindra. On the other hand, the denial rate for the new H-1B petitions in 2019 was just four per cent each for Amazon and Google. The denial rate for Microsoft during the same period was six per cent, and Facebook along with Walmart was just three per cent each.
Wipro, Satyam join TCS, Infosys in beating rupee blues.
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
Technology evolution forces private players to downsize operations.
It's the second time Nasscom has projected single-digit growth in a decade.
However, the demand for traditional IT work might decline.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
Infosys Technologies today reported a 14.17 per cent growth in consolidated net profit at Rs 1,780 crore (Rs 17.8 billion) for the third quarter ended December 31, 2010, which according to market observers has failed to cheer the street.
Tata Consultancy Services (TCS), Infosys Technologies and Wipro were eliminated from the selection process for the project on technical grounds. Another IT major, HCL Technologies, was also rejected. The size of the project is not yet known.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
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