Infosys may have put the visa misuse investigations behind it through a civil settlement with the US authorities, but experts believe that the episode might drag its other peers under the scanner.
Soon after Washington's decision to nearly double visa application fees as a part of its border security law, a bigger storm in the form of the Comprehensive Immigration Reforms Bill is gaining momentum in the US.
India will prefer to voluntarily surrender the grant it receives from United Kingdom if the British government decided on cutting it, Finance Minister Pranab Mukherjee told Rajya Sabha on Tuesday.
Dubai is beckoning Indian IT companies to set up their bases with multifarious activities in its upcoming 'free zone' dedicated to the outsourcing industry. \n
Cognizant first, TCS third, Infosys fourth in Performance and Satisfaction study.
Benefits of the improving business environment will accrue, but investors need to be selective.
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The Reliance Group employee is among those who have been arrested
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys declared a final dividend of Rs 17.50 per share for FY23 (April 2022 to March 2023).
A slowdown in hiring by India's top IT companies has resulted in a sharp increase in the industry's profit per employee in Q3FY23. The top four IT companies earned a net profit of 1.7 lakh per employee during October-December 2022, up 8.6 per cent from Rs 1.57 lakh in Q2FY23 and 16.3 per cent from a record low of Rs 1.47 lakh in Q1FY23. Earnings per employee in the third quarter were, however, still down 0.9 per cent on a year-on-year (YoY) basis.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Bengaluru-based NorthStar uses Internet of Things platform to monitor school buses, facilitate disaster prevention & better emergency management.
Most IT companies today have multiple delivery centres, physically verifying documents is arduous and difficult to determine where the actual billing is done
Indian Information Technology companies are among the world's 10 lowest-paying employers in the segment, with their mid-to-senior level staff getting an average salary of $38,767 (about Rs 21.5 lakh) per annum - less than one-fourth of the IT pay package at globally top-paying Swiss firms.
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
'Enterprises have become more demanding in terms of their productivity expectation from their employees.'
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
'These companies hired in high numbers last year and are balancing that out this year by recruiting fewer freshers.'
Security presence which has been bolstered by flying in more army troops and rapid action force and central police forces was clearly visible at all major areas and roads.
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
While domestic IT companies post revenue growth of 38%, their counterparts register faster rise: Gartner.
Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report.
Lt Gen Kalita also stated that the Army is constantly monitoring the activities across the border and is well prepared to meet any emerging challenges.
Wuxi City has invited Indian IT firms to set up their units for a deeper cooperation in service outsourcing.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
The rout in Adani Group stocks after US-based short seller Hindenburg Research released a report on January 24 has sparked a rebound in trading activity this month. The average daily trading volume (ADTV) for the cash segment (both NSE and BSE combined) so far in February stands at Rs 59,346 crore, and is around 15 per cent more than the previous month's tally of Rs 51,844 crore, which was the lowest in six months. The ADTV for the futures and options (F&O) segment rose to a record Rs 204 trillion (notional turnover) against Rs 202 trillion in January.
The collapse of mortgage lenders in the U.S. is slowing the pace at some of India's fast-growing IT companies.
For most of this present decade, IT firms in India were at the forefront of distorting the compensation structure.
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.
Even as government projects aren't lucrative from a revenue perspective, companies fight with each other to bag the contracts
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.
The company is a facilitator of taxis (therefore an intermediary) and is best governed under the IT Act said Neeraj Singhal, Uber's head of expansion in India.
Best performers get gifts such as foreign holidays, high-end cars and mobile devices
Private sector has continued to look at outsourcing and offshoring, despite government's measures.
The first killer provision in the Comprehensive Immigration Reform Bill is the ban on client site placement for H-1B workers.
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