They need to upgrade their skills and become smaller, smarter organisations, says Devangshu Datta.
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
After last year's lull, number of offers jump by 15%.
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
With top Indian software giants like Tata Consultancy Services, Infosys and Wipro setting up and expanding operations in China, the domestic players have started feeling the heat.
'Kindly advise about the following stocks. Can I hold or exit?'
All the top three major Indian IT firms -- Tata Consultancy Services, Infosys Technologies and Wipro -- either met or beat market and analyst expectations in the quarter ended September 30, 2009, registering their best performance in six quarters.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
Realigned training modules. Better automation and coding tools. Internal contests and more.
80% of incremental enterprise investment to be in digital technologies by 2020.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
Former Wipro Spectramind chairman Raman Roy alongwith his team will acquire 40 per cent stake in market research firm Annik Technology Services.
The US celebrates its independence day on July 4. But since it was Sunday, the American government had declared Monday as a holiday.
The pace of job generation has slowed as IT firms look at automation to do testing
With a target to get the IT business back on growth, Kurien will get a salary in the range of Rs 3 crore (Rs 30 million) to Rs 10 crore (Rs 100 million) per annum.
Major steel companies have shown stronger growth in profit after tax compared to major technology companies but the brick and mortar giants have under performed compared to tech companies in the stock markets.
Modest growth projections hits IT sector.
Wipro chairman Azim Premji on Friday said a nation cannot be self-sufficient in strategic sectors like defence, nuclear energy and space technologies without domestic capabilities in hardware development
Professional services firm Ernst & Young bagged the contract from UIDAI to become consulting partner for the project.
Infosys Technologies and Wipro have made it to the list every year since 2005.
In a major boost to West Bengal's industrialisation drive, IT major Infosys Technologies on Tuesday signed an MoU with WBHIDCO for a 50-acre plot to open a campus in Kolkata to provide job opportunities to nearly 15,000 people.
The 15 IT companies that have declared results so far together clocked 8.4 per cent growth in revenue, the slowest since 2001, largely due to a poor show from Wipro, Tech Mahindra and Polaris Software. But Infosys Technologies and TCS excel, with double-digit growth in year-on-year revenue from software exports.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The economic slowdown, which caused severe job-cuts across the country, has brought new opportunities for frauds who, masquerading as representatives of IT companies, are luring employment-seekers with promises of good placements in lieu of some 'security amount'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
'The biggest struggles are in the human mind.'
Rajasthan has lined up a slew of incentives and benefits for startups to set up base there as the state aims to become a technology hub like, Andhra Pradesh and Karnataka.
Shares of Indian software majors have plunged into red on news that BP would cut its spend on information technology.
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