TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
Shiv Nadar's daughter, Roshni, joins HCL Tech board
It was expected to be a friendly Bill for the IT outsourcing industry
Physical security for women, the first step towards getting them into factories and offices, is all but absent in most Indian cities, notes Kanika Datta.
The IT major will give an anniversary hike for lateral hires as they complete a year at the company. And, these employees were entitled to the annual salary revision that followed the anniversary hikes.
The free trade agreement (FTA) talks with India are no longer working towards a Diwali deadline though negotiations are progressing well, UK Trade Secretary Kemi Badenoch has said as New Delhi expressed confidence on Friday of an "early date" for a mutually beneficial deal. "There are ongoing negotiations as we know on the FTA. There is interest on both sides to see if we can work towards a deal, an FTA, that is beneficial to both the countries at an early date," external affairs ministry spokesperson Arindam Bagchi told reporters in New Delhi. It came as External Affairs Minister S Jaishankar spoke to his UK counterpart, James Cleverly, and referenced the Roadmap 2030 bilateral agreement signed between Prime Minister Narendra Modi and former UK PM Boris Johnson in May last year, with no specific reference to the FTA.
Russia on Wednesday invited Indian entreprenuers to participate in the Information Technology programmes which have been launched in that country to enhance Internet penetration.
India's second-largest information technology (IT) firm Infosys has decided to reduce the average variable payout of employees to 70 per cent due to falling operating margins in the first quarter (Q1) of 2022-23 (FY23), said people in the know. "The margin impact in the current quarter has reflected on the performance bonus for this cycle," the company told its employees over email. "While 70 per cent is the correct figure, an important point is we have been told that the company will not defer any variable payment. "It is being paid according to schedule," said a person.
Praising the Indian community for their positive contribution to China's economic development, a top Chinese official has said the country looks forward to welcoming more IT professionals from India.
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
The collapse of mortgage lenders in the U.S. is slowing the pace at some of India's fast-growing IT companies.
In a move that is expected to hit Indian IT companies, the US government has decided to hike H-1B visa fee from next fiscal.
The report, however, cautions that weak English-speaking skills and lack of international experience among Brazilian workers make many of them unsuitable for employment.
The report, however, cautions that weak English-speaking skills and lack of international experience among Brazilian workers make many of them unsuitable for employment.
'Indian companies has a responsibility to create jobs for Americans, too'
Australia scored the first goal of the game in the first quarter, having started the final on a dominating note.
'Anglo-Indians have played a significant role at the forefront, meeting every challenge to the security of the motherland.' A fascinating excerpt from Barry O'Brien's The Anglo-Indians: A Portrait of a Community.
Hiring Americans can strain margins of IT firms operating in US.
India is at the edge of a precipice. It can now take off and soar, going ever higher, it can stay where it is; or it can suddenly begin to fall. Giving it wings and confidence is the IT-BPO sector, says Nasscom president Kiran Karnik.
France-based IT and consultancy services provider Capgemini will be on a shopping spree over the next three-four years. Their next acquisition, after Kanbay, would come as soon as next year.
According to the latest IT sector M&A data from Grant Thornton, a total of 175 IT and ITeS deals were announced during the first nine months of 2007 with a total value of $3.59 billion. This translates into an average of 1.54 deals in a day or more than three deals in two days.The 175 deals during January-September period included 120 M&A deals worth $2.54 billion and 55 private equity deals worth $1.05 billion.
Senior management of companies use this visa for working in the US.
National Association of Software and Service Companies said on Friday that the new visa regulations adopted by the US would increase time and cost of Indian IT companies in getting visas for their professionals.
It's advantage for Indian companies like Infosys, Wipro and Tata Consultancy Services on the country's information technology services arena over their global peers including the giants like IBM and Accenture
Analysts say the impact on Indian entities would not be immediate
Infosys CEO Salil Parekh, has praised the company's founders for building an "incredible organisation", and exuded confidence that the firm which "has always been solid" will "continue with that stability." Parekh - who steered the firm to stability after a bitter spat between founders and then-management a few years back - believes that Infosys is "well positioned" to leverage tech-led growth opportunities over the next several years. Parekh took over at the helm in January 2018, after a standoff between board and founders, including NR Narayana Murthy, over issues such as governance, led to the exit of then-CEO Vishal Sikka.
There is a lot of money to be made in the Indian information technology market, but decisions are slow, and large projects are subject to big delays.
Angry over using his face in a mobile phone application without permission, veteran Australian batsman Ricky Ponting is mulling to sue an Indian software company, according to reports.
Sindhu ended a rally with a forehand smash on Goh's left to make it 21-20 before the Malaysian netted a return.
The tech industry grew to Rs 74,787 crore from Rs 62,584 crore, according to the annual Dataquest Top 20 survey.
Employee costs for Indian IT services players have touched an all-time high as salaries soar in their effort to retain talent. Engineer salaries are going through the roof. According to a news report, Infosys, which reported a 27.7 per cent attrition rate for the fourth quarter of FY22, plans to have an average salary hike of 12-13 per cent. High potential employees will get increases of 22-23 per cent.
An Indian company employing people of many nationalities was perceived to be improbable: Not any more.
It's a digital prototype called "sixth sense" that is currently being evaluated by major companies like Microsoft, Google, Hewlett-Packard and Samsung. The brain behind this device is the 28-year-old Indian-born Pranav Mistry, a researcher at the Media Lab, Massachusetts Institute of Technology (MIT).
About 76,000 H-1B visas were issued to people in computer occupations in 2014.
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