IT major HCL Technologies' Shiv Nadar has retained his position as the 'most generous Indian' in 2023 as well, with a 76 per cent jump in his donations at Rs 2,042 crore. Wipro's Azim Premji's donations zoomed by 267 per cent to Rs 1,774 crore during the same year, according to the Edelgive Hurun India Philanthropy List 2023 released on Thursday. Richest Indian Mukesh Ambani donated Rs 376 crore in the year, which is an 8 per cent decline.
In a cruel twist of fate, 22-year-old techie Swati fell victim to the twin bomb blasts on the Bangalore-Guwahati train just two months before she was to tie the nuptial knot.
India's largest software services company Tata Consultancy Services (TCS) on Wednesday it has seen a surge in demand for its services and expects to recruit 10,000 individuals in the US by 2022. The Mumbai-based company has hired over 21,500 employees in the past five years in the US.
Driven by growth in software and infrastructure services businesses, IT major HCL Technologies Tuesday reported an over two-fold jump in its consolidated net income at Rs 330.1 crore (3.3 billion) for the quarter ended June 30, 2009.
A total of 12 Indian companies made it to the third annual Forbes Asia Fabulous 50 List, followed by Taiwan with 10 and China with seven, Forbes Asia said in a press release.
Infosys' acquisition of Switzerland-based Lodestone Holding would provide the software firm respite from investors who have, for long, demanded the company tweak its strategy of walking away from deals that might dilute earnings. Investors have also demanded the company's unutilised cash balances be used to revive growth.
After agonizing over this for weeks, he made a decision. When they met after work one evening, he startled her by blurting out, 'I think we should break up.' A moving excerpt from Chitra Banerjee Divakaruni's An Uncommon Love: The Early Life of Sudha and Narayana Murthy.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
The company has set up its new network platform in India entailing an investement of $30 million which would offer telecom and connectivitysolutions to over 150 customers in the country including banking, insurance and software firms, Cable & Wireless India managing director Sunanda Das said.
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
Lambent already has fully operational 25,000 square feet area in the Lambent IT Park at Harihar Nagar, Besa, in Nagpur.
While recruitment is falling, the capabilities needed to land an IT job are stiffening.
The list has been made on the basis of Innovation Premium, which Forbes described as a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results (new products, services and markets).
The settlement is subject to fairness review and approval by the court.
Upset over the government "not keeping its word" on improving infrastructure in Bangalore, India's tech capital, a group of top software companies have decided to boycott Karnataka's flagship IT event, "Bangalore.IT.COM 2005," to be held in October.
The woes have become a serious issue of concern for Bengalureans, especially in Whitefield, KR Puram, Electronic City, RR Nagar, Kengeri and CV Raman Nagar.
Global software firms are hiking their staff capacity in the country and plans to hire 40,000 employees over the next couple of years. Among the Indian firms disclosing their plans, Satyam Computer Services, one of the top IT firms, stated the addition of 3,000 people this year. The largest headcount expansion has been planned by US-based Computer Sciences Corp. The company has announced the addition of 16,500 headcount over the next two years.
With the market sentiments improving and enhanced focus on domestic market, IT firms have got back to the hiring spree.
According to sources, engineering major L&T had also put in its bid to acquire control of the Hyderabad-based company, while Cognizant has not put in a bid.
The country's second largest software firm Infosys on Tuesday reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore (Rs 17.22 billion) for the first quarter ended June 30, 2011.
The Chennai-headquartered Calsoft would acquire the majority stake in $7 million turnover IDC through its fully owned US subsidiary CSWL Inc, top officials of Calsoft and IDC told a news conference in Chennai.
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.
In a major top-level management restructuring, India's second largest software firm Infosys on Saturday named veteran banker K V Kamath as the new chairman to succeed founder N R Narayana Murthy, who retires in August.
The Rajya Sabha on Wednesday passed the Digital Personal Data Protection Bill 2023 by voice vote following a walkout by opposition members over the Manipur issue.
Two films My Boss and 916 are all set to release this week.
Enterprise software leader Oracle, which last year acquired Indian banking software firm i-flex Solutions, has made a final offer of Rs 2,100 per share to shareholders as it seeks to increase its stake to 90 per cent.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
In the domestic m-cap ranking, TCS was at number one position followed by RIL, HDFC Bank (Rs 666,533.49 crore), HUL (Rs 400,325.83 crore) and HDFC (Rs 378,236.52 crore).
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. Its revenues are at $2:7 billion.
India second largest software firm Infosys on Tuesday said it plans to hire close to 2,000 people in the US by the end of this year.
'It's a big technology company and may offer good remuneration, but stability in my career is equally important to me.'
In a major development in the Satyam fraud case, US regulators on Tuesday fined the software firm and its auditors PriceWaterhouse India up to $17.5 million for the accounts bungling that went undetected for several years.
The Supreme Court has granted bail to Satyam's founder B Ramalinga Raju in multi-crore accounting fraud case.
IT major Tata Consultancy Services Ltd has acquired 100 per cent stake in Chilean software firm Comicrom for $ 23 million.
The former Satyam employees, who were granted bail, were its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
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