Ending all speculation, Infosys, India's second largest IT services company today announced Vishal Sikka, the former chief technology officer and member of executive board at enterprise software maker SAP, as the new CEO & MD.
No impact of exits on client engagements, says company.
The country's second-largest software services company, which has trailed peers Tata Consultancy Services and Cognizant on growth, is also looking at weeding out non-performers to improve efficiency.
India has emerged as a favoured location for captive technology units of Walmart, Lowes and Daimler.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
After Infosys, hike in other IT companies also seen in 6-9% range.
Even though the company's revenue figures are not public, it has so far raised $93 million in four rounds of funding.
Partnership will ensure that Intel's chips sell better in systems that are used by large enterprises
India metros are travellers' paradise when it comes to accommodation.
Family office basically caters to the investment - financial and non-financial - needs of a family and its members.
When Infosys announced its search for the new CEO in April this year, Sikka's name was nowhere in the list of probables that was speculated widely.
Several organisations have had to repent for not deploying ethical or white hat hackers to test their internal and external technology infrastructure for vulnerabilities which could be exploited.
T K Kurien talks on the outlook for the next year, the slow growth in the retail vertical and initiatives to introduce automation.
On key parameters, TCS appears to be on a better wicket.
It has been the preferred visa for Indian IT companies and has helped them keep costs down and gain a margin advantage over multinational players by sending engineers to the US.
The new facility that would house Wipro's US cyber security centre would also serve as a hub for advanced analytics
"Performance management tools have been always used by companies to reward good performers and weed out the bad ones. However, due to the significant growth over the last few years, they were not enforced. With the industry facing the economic downturn, it is using this tool fairly effectively. And it is being done all over the world," explained Som Mittal, president of software body Nasscom.
Dhivya Suryadevara, chief finance officer of the US's largest automaker General Motors, comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), cofounder and co-CEO of Robinhood, Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).
Over $100 bn in revenue but sector battles evolutionary challenges.
US President Barack Obama should care about creating jobs in both Bengaluru and Buffalo and not only the latter, former Nasscom chairman told an American federal body.
A reading below 50 means contraction in the sector.
The move comes at a time when the traditional software maintenance and support works, once the bread and butter for export-driven IT services business, are slowly drying up.
In spite of seasonal weakness which may drag Q4 revenue growth in FY14, the sector is upbeat about future.
As IT majors face a decline in their legacy business, they are realigning their sales strategies to push up revenues from newer technologies.
TCS registered revenues at Rs 30,541 crore in the second quarter of 2017-18, up 4.3 per cent from Rs 29,284 crore in the year-ago period.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
Bhavtosh Vajpayee, managing director and head of the Indian equities business at Barclays, the London-headquartered multinational banking and financial services company, tells Business Standard it is still too early to predict an economic recovery.
The investor has now put together a fund of $3.75 billion to back private companies.
Relative to its competitors such as Infosys, Wipro and TCS, Cognizant's spending on sales and marketing is 50% higher, says an expert.
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
For FY15, Infosys has given a revenue growth outlook of seven-nine per cent.
While Infosys said it would give an average rise of eight per cent to its employees in India, Wipro has announced an increment of six-eight per cent.
This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.
The recent ruling by the Authority of Advance Rulings making back-office services provided by a company to global firms taxable under GST, has sent shockwaves through the information technology and business process outsourcing industry.
Tata Consultancy Services (TCS) has emerged as the biggest wealth creator over the past five years.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
Having lost some key personnel, the IT company is sticking to its formula of scouting internally
'The 24x7 power for all vision is inspiring, because as we've so often seen, where India leads, the world follows,' says Rajiv J Shah, President, The Rockefeller Foundation.
The Bengaluru-based company, striving to return to sustained growth, is looking at different ways to reduce the cost structure, aiming to win large clients, said Rajiv Bansal, chief financial officer.
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