The US government should not only look at salary, but also focus on skills while making immigration reforms
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 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.
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.
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.
'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
Air India has been a subject of its passengers' ire this week as more than half of its flights have been delayed, primarily because of an old crew rostering system. Due to the existing system, the airline has not been able to handle the disruption created by cyclone 'Biparjoy' on India's western coast. The sudden grounding of two planes also added to the carrier's woes.
Trifacta's investors include Accel, Greylock Partners, Ignition and Cathay Innovation
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
Fintech and venture capital firms such as Recur Club, Razorpay and Trifecta Capital have come to the aid of homegrown start-ups caught in the crossfire of the Silicon Valley Bank fiasco. Alternative funding platform Recur Club said it was allocating $15 million to all Indian founders affected by the crisis. It will not charge any platform fee for the same.
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.
TCS, Wipro, Infosys, Sasken may feel the heat as Nortel files for bankruptcy protection.
The stock of Dixon Technologies (India), the country's largest listed electronic manufacturing services (EMS) player, was up 6 per cent in 10 trading sessions, boosting the gains over the last three months to 21 per cent. The gains came following reports that Dixon will produce laptops in India in partnership with US and Chinese firms under the production-linked investment (PLI) scheme. It recently signed an agreement to make smartphones for Xiaomi India.
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.
With the Big Four information technology services players having disappointed the Street, the focus is on mid-cap IT players who seem to have met expectations, according to analyst reports and management commentary on the demand environment.
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.
'MNCs now recognise India's capacity for innovation and its pivotal role in substantive contributions to global product development.'
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.
It alloted 6000 non-convertible debentures of face value of Rs 10 lakh
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
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.
Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified
While outplacement is a relatively new concept in India, it helps boost morale at the time of layoffs.
Global human resource outsourcing and consulting major Mercer will spend $50 million over the next three years on its upcoming global operations centre in Noida
'If Threads doesn't become a distinct identity, and just a text version in the shadows of Instagram, then it may fizzle out.'
Food aggregator platform Zomato has discontinued its 10-minute delivery offering, Zomato Instant, as the business has struggled to grow and faces challenges in turning profitable, media reports said. The company has denied these claims, stating that the business is just being rebranded. This comes as the company's CEO Deepinder Goyal announced 800 job vacancies across 5 roles via a Linkedin post.
Analyst following the sector feels that due to the slowdown in the US economy, the Indian IT companies, who mostly depend on the US market for their revenue, had postponed joining dates of new recruits, raising doubts about their future.
In the last couple of months, top Indian IT services providers, including TCS, Infosys, Wipro and HCL Tech have announced setting up cyber threat management centres in the US and Europe.
Love over Coffee by Amrit N Shetty is the fictional story of Anup, a misfit in a software firm, who is head-over-laptops in love with his co-worker Rajni. We bring you an excerpt.
Gaurav Mashruwala takes the case of a young reader and analyses her finances.
Some historical evidence on why sector funds cannot form the core of your portfolio.
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