If one looks at the second-quarter numbers of Indian IT companies, most have reported strong numbers and projected decent growth.
Abuse, often racial in nature, happens daily.
KPMG, the $20-billion global advisory and audit firm, is set to broaden its basket of operations in India as it sees annual growth of 40 per cent in the coming years as well. At present, a significant chunk of KPMG's global client service support is being outsourced to Outsource Partners International, a strategic partner, in India. Going forward, the outsourcing volumes are expected to double.
At present most HR shops in India are either captive, which are shared service centres or they are global service providers like EDP and Exult who have set up shop in India.
Indian testing companies, however, are facing a host of challenges including lack of adequate talent and specialised certification programmes in testing to get youngsters into the profession. The estimated number of testers required in India is projected to be around 18,000 in the coming year, according to a Gartner report.
Wipro Technologies, an information technology and outsourcing company, is poised to acquire the IT arm of a major company in Germany.
To outsource work; priority on actively-traded, listed companies.
In many cases, clients also prefer experienced employees for niche projects, which is only adding to the woes of the IT services providers.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
The software industry in Shanghai, where India's top IT giants have set shop, has reported a spectacular growth in income of 860 per cent between 2000 and 2005.
It's aimed at new-age sectors like e-commerce and other startups so that they can spend less time in their recruitment processes
With clients increasingly looking at cost optimisation by passing on the risks to the IT vendors and IT services players demanding longer tenure deals to hedge their risks, a mix of these two factors are giving rise to large deals coming up in the market with a lot of strings attached.
The 33-year-old man, identified as Jagdish Kanani was arrested from suburban Borivali on Sunday night.
The pace of job generation has slowed as IT firms look at automation to do testing
At a time when the Indian information technology services industry is the focus of anti-outsourcing rhetoric, the global in-house centres (GICs) or captive units of multinational companies are increasing their offshore penetration.
The lawsuit pointed out that the plaintiff's experience with Infosys demonstrates the 'discriminatory nature of Infosys' employment practices'.
With the political crisis over the Centre's announcement of creating a separate Telangana state casting its effect on the state capital, two business process outsourcing (BPO) companies have moved their employees to nearby hotels, even as other information technology (IT) companies have beefed security.
Walmart has selected three IT vendors in India -- Infosys Technologies, Cognizant Technology Solutions and UST Global -- for multi-year contracts worth over $600 million (around Rs 2,750 crore).
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
Old economy companies such as Hero, M&M (Tech Mahindra), Aditya Birla, Essar, Hindujas and Larsen & Toubro have sprung into action with large acquisitions and major deals.
Despite a healthy March-May quarter (Q3FY22) show by global IT consulting firm Accenture, Indian IT companies shed up to 3 per cent on the National Stock Exchange (NSE) on Friday as analysts continued to highlight medium-term pain points for the sector. The Nifty IT index settled 0.9 per cent lower on Friday, as against a 0.9 per cent rise in the Nifty50 index. According to analysts at ICICI Securities, Accenture's Q3 saw moderation in year-on-year growth rate across verticals and US regions, which signals at likely normalisation in revenue momentum for Indian IT services going forward.
The Indian IT industry will stage a "strong recovery" in 2021-22 with a revenue growth of up to 11 per cent, ratings agency Crisil said on Wednesday. The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing, it said. As per Nasscom, the IT services industry grew 2.7 per cent to $99 billion in 2020-21.
Mahindra Satyam is the first Indian IT company to have a global tie-up with Vision Solutions and both the companies have already started delineating a joint go-to-market plan to tap into the multi-million dollar HA and DR markets.
These 90 new jobs are in addition to the 280 staff that Wipro already employs across Scotland.
Large companies are targeting niche players in the market to add to their portfolio.
Their plan to build a product portfolio will discourage global software vendors such as Oracle, Microsoft and Fidelity, among others, from building a strategic relationship with these big Indian IT firms, reports Debasis Mohapatra.
HOV Services pays Rs 660 crore for US firm.
Mascon Global has been named the fastest growing tech company in Chicago area over the last five years in the 'Fast 50' competition organised by Deolitte and Touche.
ating agency Crisil on Wednesday said it has signed an agreement to buy the business of US-based Knowledge Process Outsourcing Industry Pipal Research Corporation for $12.75 million.
The US celebrates its independence day on July 4. But since it was Sunday, the American government had declared Monday as a holiday.
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