The first killer provision in the Comprehensive Immigration Reform Bill is the ban on client site placement for H-1B workers.
If one looks at the second-quarter numbers of Indian IT companies, most have reported strong numbers and projected decent growth.
It was expected to be a friendly Bill for the IT outsourcing industry
The Indian Air Force will carry out a mega exercise covering the Northeastern region early next month to check its combat readiness, amid a fresh spike in tension with China along the Line of Actual Control in Arunachal Pradesh.
It is altogether a new experience for the IT professionals in the city taking tractor rides.
UTI Asset Management Company plans to acquire an IT company to provide services as a registrar and transfer agency.
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
Big shift in the sector towards recognising role of specialists, in tangible ways not seen before.
India's second largest IT company, Infosys Technologies, for instance, has narrowed on the new areas to drive its growth.
After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.
"The general benchmark that we are getting to hear is in the range of 5-15 per cent. Clearly, the 30-40 per cent hike days are behind us. Along with the slowdown in the US markets, there is a general mismatch in demand and supply. I think firms are being cautious before announcing huge hikes," says Shiv Aggarwal, CEO of ABC Consultants.
Cloud computing is helping corporations create new, cost-effective business models
An Indian company employing people of many nationalities was perceived to be improbable: Not any more.
The IT sector is confronted with a host of issues.
The IT sector is confronted with a host of issues.
Chief of Army Staff Gen Manoj Pande has carried out a comprehensive review of India's military preparedness along the Line of Actual Control (LAC) in Arunachal Pradesh in his first visit to the border state after last month's clash between Indian and Chinese forces in the Tawang sector.
Last year, placements at the engineering institutes were relatively subdued due to the slowdown in the economy. Many Tier-I and -II IT companies skipped campus visits. As a result, even the premier Indian Institutes of Technology (IITs) were able to achieve only 75-80 per cent placements. And many students had opted for higher studies or jobs in teaching.
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.
Amid falling market share and a tough business environment, Infosys has been carrying out several structural changes.
Ahead of his crucial talks with Russian President Vladimir Putin in Moscow, Chinese President Xi Jinping said on Monday that his peace plan to end the raging Ukraine war takes into account the 'legitimate' concerns of all parties and reflects the broadest common understanding of the international community.
The 28 infotech companies that have declared results till now for the quarter ended June 2004 have posted a three-year high net profit growth of 48 per cent.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
Greece's financial crisis has intensified.
Indian information technology vendors may be missing an unfolding opportunity in the current American recession, Gartner India, the research firm, has warned.
Faced with budget constraints and margin pressures, Indian IT services providers such as Tata Consultancy Services, Infosys, Wipro and HCL are moving more work offshore (to India) rather than onsite (at the client's site) in a bid to contain costs.
Information technology majors like Hewlett-Packard, Canon and Intel have joined hands with the Manufacturers' Association of Information Technology to form the IT anti-counterfeit coalition to curb hardware counterfeiting market in India.
The net profit of 82 firms up 20.2%, but topline growth slows to 14.7% on muted show by manufacturing firms.
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