The first half of the year (H1-2020) was marked by sluggish growth with demand down 26 per cent YoY, while the second half saw recovery. H2-2020 recovered with 19 per cent YoY growth, reports Shivani Shinde.
83% of the CEOS plan to hire more in the new year.
This year's share of dream and super-dream job offers has spiked. As a result, the overall annual average salary packages have nearly doubled at some of these college campuses.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
Attrition is driving the hiring effort on campuses.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
'We do realise it is time to have a larger ambition.'
One of the biggest lessons for cities fighting the Covid-19 pandemic has been the criticality of access to data. Mumbai, which has shown significant success in managing the second wave of the pandemic, is a case in point, reports Shivani Shinde.
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
'India is still a small market but whatever we do, we do it with full focus.'
'We have focused on profitable revenue, cash generating businesses, throughout our journey.'
In March this year, when Tata Consultancy Services (TCS) unveiled a new brand statement of "Building on Belief", many wondered if it was the right strategy. When things are uncertain, wouldn't a brand statement such as "Experience Certainty" have been better? But for Rajesh Gopinathan, CEO & MD, TCS, it was all about the way the company was looking at business. As Gopinathan explained over a video call, "Today, we have over 1,000 customers and 98 per cent of our business is repeat business; our relevance to customers should continue, and to increase.
'With nearly double the market share of our nearest competitor, we are shaping the digital transformation journey of close to 1,000 clients in India.'
Since home-delivered meals from five-stars are cheaper by 15 to 20 per cent as compared to eating at the destination outside, food delivery has emerged as an important part of every restaurant's service portfolio.
The recent report in the New York Times that China had brought India's financial capital - Mumbai - to a halt by hacking the electricity supply grid has not come as a surprise to the CTOs (chief technology officers) and cyber security experts. Indian companies, including critical infrastructure providers such as power grids, ports and radar systems, lack the IT infrastructure to prevent hacking from hostile state actors like China and North Korea, warn security experts. Recently, the United States government warned of yet another breach of critical systems tied to Microsoft Exchange email systems that the company has blamed on China. The breach has impacted thousands of organisations in the US and its impact on India is still unknown.
'The hackers' objectives were centred around smearing India's reputation, causing productivity loss, creating operational damage and seeking financial gains.'
Bug bounty hunters or independent ethical hackers are certified cybersecurity professionals or security researchers who crawl the web, scanning the systems for gaps through which hackers can sneak in and alert the companies, says Shivani Shinde.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 years.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
'Despite muted growth in financial services, all other businesses have done well.'
6 post offices have been identified for the pilot stage.
N Chandrasekaran, managing director and chief executive officer of Tata Consultancy Services, has consistently said he wishes to take the company beyond mature economies such as America and Europe, into emerging markets.
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
Who will replace Chandra at TCS if moves to Tata Sons?
Ayan Pramanik and Shivani Shinde Nadhe report on the uncertainties that have dragged down shares of TCS, Tech Mahindra and HCL Technologies.
The digital opportunity is not just tech opportunity, but an opportunity to reinvent client business model.
TCS is confident of bringing in industry-leading numbers, despite soft third quarter results
Malcolm Frank, executive vice-president, strategy and marketing, Cognizant, in conversation with Shivani Shinde Nadhe & Ayan Pramanik.
Owners of Pune-based Serum Institute of India, the Poonawalla's have thrown the hat to acquire the iconic Grosvenor Hotel in UK from Sahara Group.
This was among the few times that TCS had to deploy rapid application development mode, which means changes in the application happen on-the-go.
At Infosys and Wipro, 8,200 roles have been impacted in six months.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
Hospitality chains are hosting dual brands on one property, looking for operational efficiencies without diluting their brands, says Shivani Shinde Nadhe.
TCS MD talks about demand environment, margin outlook and the growing number of its employee base.
Macro environment, tech shift main challenges now: N Chandrasekaran
The third quarter generally has more holidays.
What entrepreneurs do not look is that for one success story like Snapchat, there are hundreds that fail.
'We are at a time and position that we do not need higher number of visas.'
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