Business process outsourcing major 24/7 Customer has said it plans to hire over 4,000 people during this year to take its total employee strength to 7,000 and invest $15 million in its facilities across the country.
Infosys Technologies Ltd, India's largest listed software services exporter, said on Thursday its quarterly net profit rose 23 per cent, aided by growing outsourcing business, but the result fell short of market expectations.
Markets under pressure; IT financials grab spotlight.
Software services firm Digital GlobalSoft Ltd expects to increase the number of workers at its fledgling call centre by about 70 per cent this year to handle increased outsourcing from global companies, a top official said.
HCL Technologies surged on Monday after the company said that it has won a BPO order worth $160 million from British Telecom.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
IT services market in the country grew at a slower pace of 7.4 per cent to Rs 22,826.2 crore ($ 3.76 billion) in the January-June 2014 period, mainly due to political and economic uncertainty amid Lok Sabha polls, research firm IDC said.
Under its Agile business model, the company has started using its off-shore base up to the extent of 90 per cent which, along with several other measures, will benefit its operating margins, said Chief Operating Officer N Ganapathy Subramaniam.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
In the quarter, Cognizant's revenue grew one per cent over the past quarter in North America.
Out of the top 11 Asia Pacific economies, the average monthly Indian starting salary was ranked ninth.
At Infosys and Wipro, 8,200 roles have been impacted in six months.
In contrast, investors' wealth had surged by over Rs 1 lakh crore (Rs 1 trillion) to Rs 70,44,431 crore (Rs 70,444.31 billion) in 2013.
Smartphone maker BlackBerry will sell most of its real estate holding in Canada in a bid to improve operational efficiencies as the firm is facing mounting losses and unsold handset inventory.
The office space absorption in seven cities, Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune, rose 14 per cent during the July-September quarter compared with the year-ago period.
'No one realises that people with 90 days waiting period are shopping around which naturally increases the cost of hiring.'
Titan expects sales of premium-priced watch sales to grow by leaps and bounds in the future on the back of a growing disposable income among working professionals and income categories, says Pavan Lall.
Last year, there was almost 16 per cent increase in hiring by the Global Capability Centres in India.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
US is the largest market for the over $140 billion Indian IT services industry
Also looks at setting up development and training centres in the US to tide over visa-related issues
Pharma body wants all excisable goods used for R&D purposes should be exempted from central excise duty.
Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July
With the demand for lower costs in process driven activities and a move away from the high rate, billable hours of legal services, AI platforms are being used internationally in many legal tasks.
An industrial house bred in old-school manufacturing values, Godrej & Boyce has displayed unusual agility to become a trusted builder of advanced weaponry, discovers Ajai Shukla.
The survey by consultancy firm PwC, 'Future of Work: A journey to 2022', quizzed 10,000 people across China, India, Germany, the UK and the US on the future of work and what it meant for them. 1,898 of these respondents were from India.
Anant Gupta, HCL Technologies' chief has an amazing success formula to get things done.
US election results may not reverse Indian markets' bearish trend, says Devangshu Datta
US-based IT services major Cognizant on Wednesday reported a 16.3 per cent rise in net profit at $324.3 million for the fourth quarter ended December 31, helped by broad-based growth across industries and geographies.
Shagun Kapur Gogia might not have convinced her uncle Rana Kapoor, managing director and chief executive of YES Bank, to appoint her as a board member of the bank, but it appears she has successfully carved out her own space in the financial world.
80% of incremental enterprise investment to be in digital technologies by 2020.
There are about 2 million eligible Indian origin people that can vote.
In the past two years, Sikka has brought in new measures by putting project managers to pitch how they cut time, saved costs and improved productivity
Lavitha Shinoj juggled a job and family to participate in her first-ever beauty contest. 'It was a new, life-changing experience,' she says.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
