Global IT firms are taking a cue from consumer firms, which revolutionised marketing tactics in the FMCG segment with the shampoo-in-a-sachet concept by appealing to semi-urban as well as rural consumers.
Plus Vision Corporation the $1.7 billion Japanese company said on Monday that it planned to outsource software from Indian IT firms, which would be integrated in its advanced products.\n\n
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
Software firm Cognizant Technology Solutions will be recruiting about 18,000 IT professionals before the year end in addition to the present 38,000 workforce, a top company official said on Saturday.
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The amount donated by Nadar is by far bigger than the standards set by larger firms.
A person who invested Rs 95 per share in 1993 in Infosys would have seen his share value at Rs 80,000 in just a decade.
IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The statement comes in the backdrop of a report by Bank of America that said domestic software firms are set to slash 3 million jobs by 2022 as automation gains pace across industries, especially in the tech space. "With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. "The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
A young techie of a top software firm was arrested on Wednesday in Chennai for sending hate mails sent to President Pratibha Patil in the last three days.
A number of private companies have contributed to the development of ISRO's Chandrayaan-3 spacecraft which successfully landed near the south pole of the Moon on Wednesday evening.
Companies making electric two-wheelers, through their association Society of Manufacturers of Electric Vehicles (SMEV), have taken on the Department of Heavy Industries (DHI), saying they did not get subsidies for even half the mandated 1 million units they manufactured. Subsidies are given under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles 2 (FAME II). In a petition to the parliamentary standing committee on industry energy and estimates, the SMEV said the department had done an "accounting error" by showing that it (the department) was close to achieving the mandated target by including sales of the EVs that were "not funded" under the scheme.
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The IT major is followed by RIL (Rs 795,628.55 crore), HDFC Bank (Rs 624,362.11 crore), Hindustan Unilever (Rs 367,880.69 crore) and ITC (Rs 367,513.78 crore).
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
With companies keen on maximum utilisation of employees and low tolerance to poor performance in the backdrop of global economic turmoil, nearly 2,100 employees in software firm Infosys have faced the axe.
The US government should not only look at salary, but also focus on skills while making immigration reforms
The increased vigil comes after the Narcotics Control Bureau recently busted two international syndicates operating through a call centre and a software firm to smuggle Psychotropic drugs overseas. NCB seized over 90,000 regulated and banned tablets valued at over Rs one crore in the international market that were to be smuggled out.
There are a large number of advantages in being a consultant, but the paperwork is as complex.
The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
Wipro, Satyam join TCS, Infosys in beating rupee blues.
Convergys Corp, an American call-centre services and billing software firm, on Wednesday unveiled an ambitious plan to more than double its staff in India to 6,500 in about a year, as it boosts operations in countries with low staff costs.
IDBI Bank on Wednesday said it has an exposure of around Rs 300 crore (Rs 3 billion) to the Raju family-owned Maytas companies and is willing to consider any proposal for loans to Satyam Computer if the company approaches it.
'Francisco D'Souza, 39, heads what is now the largest public company run by a 40-or-under CEO, though his $ 5.7-billion Cognizant Technology Solutions is dwarfed by the $ 16.9-billion Yahoo!.' Forbes said. 'D'Souza has been an officer at Cognizant for 11 years now, chief executive since 2007, and chief operating officer since 2003, when he was a mere 33.'
Scandal-hit Satyam Computer Services is likely to abandon its proposed IT park project in Gandhinagar in view of the multi-crore fraud in the Hyderabad-based software firm, Gujarat government officials said on Friday.
Terming the Satyam debacle as a 'black-eye',co-chairman of the country's second largest software firm, Infosys, Nandan Nilekani said on Thursday that is a setback to India's flagship IT sector. Talking about the fallout of the incident, Nilekani said, "Investors who have been shocked by this episode will obviously look for company numbers. We believe that the more data you share with the investors the better it is."
Yahya Khan, arrested recently in Bangalore on charges of having terror connections, has said he had planned to start his own software firm and stolen data from various organisations that he worked for.
The challenge for Indian software is clear. A good part of its bread and butter business - writing code and maintaining software systems - is being automated, reducing revenue streams and work for lower level employees
TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation
Infosys, the country's third largest software firm, on Thursday said it was undecided on going ahead with investment plans in West Bengal, where socio-political opposition has thrown Tata Motors' Nano project into uncertainty.
An online company would show a particular price to the customer and then quickly increase the cost after analysing consumer behaviour or detecting any kind of desperation.
Tata Sons, India's biggest promoter in the private sector, is expected to earn a record Rs 27,797 crore via equity dividend and proceeds through share buyback from its listed group companies for the financial year 2021-22. This amount is up 17.6 per cent from Rs 23,663 crore that it pocketed in FY21. Nearly two-thirds of these proceeds will show up in Tata Sons' financial results for FY22, thanks to the quarterly interim dividend by its cash cow Tata Consultancy Services (TCS).
Indicating a slowdown in hiring activities in the IT sector, the country's second largest software firm Infosys on Tuesday said it plans to hire about 25,000 people in the current fiscal, nearly 29 per cent less than the total recruitments in the last financial year.
In an interview with the local media, Infosys chief executive Kris Gopalakrishnan, who is currently in Seattle for Microsoft's CEO Summit this week, said that the company plans to add more than 100 new employees as part of a big US expansion in anticipation of growth resuming in 2010. Altogether, Infosys plans to hire about 1,000 people across the US over the next 12 to 18 months, he said. Already, 14,000 of the company's 1,04,000 employees are based in the US.
Mid-sized IT firms have stepped up hiring in the current fiscal year, adding more than half as many employees in the first quarter of FY19 as compared to the whole of the previous financial year. This momentum is likely to continue for the rest of 2018-19 (FY19) as well.
It alloted 6000 non-convertible debentures of face value of Rs 10 lakh
Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor - the banking, financial services & insurance (BFSI) sector - which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision. "Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space - both through organic investments and with the addition of Capco," Suzanne Dann, Wipro's chief executive officer for Americas 2 said.
A spam traffic increase of 20 per cent in March would cost an extra $3.10 (around Rs 160) per user while the user read and deleted spam instead of doing work. For a 1,000-user organisation, suggests the report, it would cost the company an extra $3,100 (around Rs 150,000) for the month of March alone.
While outplacement is a relatively new concept in India, it helps boost morale at the time of layoffs.
