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.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
It's the second time Nasscom has projected single-digit growth in a decade.
However, the demand for traditional IT work might decline.
Around 27 Indian IT firms, including majors like Tata Consultancy Services (TCS), Infosys Technologies and Wipro Ltd, are understood to have submitted their expressions of interest (EoIs) to develop a technology platform for the Centre's Crime and Criminal Tracking Networks and Systems (CCTNS) project.
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.
Despite higher gross additions, growth in overall customer base has been tepid for these companies, says Debasis Mohapatra.
The net profit of 82 firms up 20.2%, but topline growth slows to 14.7% on muted show by manufacturing firms.
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
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.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
Indian IT majors may have tightened their belts in various areas to contain costs as a fallout of the global economic slowdown. But most of them see continuing value when it comes to employee training, even though it skims crores (tens of millions) of rupees off their top-lines.
Analysts expect the company to post 6.2% sequential growth in rupee revenue.
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.
They have increased their holdings in Infosys Technologies, TCS and Wipro between two and four per cent, going by the shareholding data for the quarter ended December 31, 2007.
Not just in the IT sector, Capgemini is probably the only company, in India, which has offered salary increments.
Fascinating stories of how 30 famous companies got their names.
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.
Over two dozen companies have announced bonus issue so far in 2017
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers
Infosys, TCS, Wipro, Cognizant and Satyam and Bharti Tele-Ventures figure in the elite list.
He will be responsible for developing and delivering end-to-end IT services and business solutions for global corporations, state and local governments.
Last year in the same quarter, Cognizant had toppled Wipro as the third largest software exporter in India.
Their fears were not unfounded, since the average salary increases of information technology professionals was down to 1.4 per cent for 2009.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
Partly an answer to downturn, political pressure; trend should shift again, say analysts.
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
The Wipro's office on Hosur Road was completely flooded and the company said it has made arrangements for the employees to work in its other offices in the city.
At a time of massive job losses that is what the much-vaunted Indian IT sector needs. Ritwik Sharma reports.
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Hackers attempted to break into different websites of Andhra Pradesh Government departments on Monday even as a security audit was being conducted at the State Data Centre maintained by Wipro.
