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
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
Indian software firms have been retraining their workforce in emerging technology areas, also helping them get certified
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.
Bengaluru-based IT major Infosys is growing its footprint in the Nordics by establishing a new proximity centre in Oslo, Norway, as part of its continued expansion plans in the region. The new centre is expected to enable Infosys to attract, re-skill, and upskill local talent to work on global opportunities through next-gen technologies like cloud, AI, IoT, 5G, and software engineering. The Nordic region consists of five sovereign states - Denmark, Finland, Iceland, Norway, and Sweden - besides the three autonomous territories connected to these states: the Faroe Islands and Greenland (Denmark), and land (Finland).
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.
The IT exporter had a net profit of Rs 978.2 crore (Rs 9.78 billion) in the September quarter of last fiscal, Wipro said in a filing to the Bombay Stock Exchange. Total income of the company rose to Rs 7,057.4 crore (Rs 70.57 billion) during the July-September quarter of the current fiscal, from Rs 6,664.8 crore (Rs 66.64 billion) in the year-ago period, as per the Indian accounting norms.
Defence Ministry A K Antony has asked AgustaWestland to explain within one week its linkages with software companies allegedly used as a cover for paying kickbacks in the VVIP chopper deal.
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.
The US is the biggest market for the outsourcing industry.
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.
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.
Information technology firms appear to have lost their appeal at the Indian Institutes of Technology. Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
The property boom seems to be tapering off. With experts estimating a 10-20 per cent fall in real estate prices in many cities, it makes sense to defer the purchase or buy in select areas
Trend Micro Inc, an anti-virus and Internet content security software firm, has launched its Network Viruswall 2500 in India that aims to help corporates protect their networks from network worms.
Real estate and hotels major Royal Palms will invest around Rs 600 crore (Rs 6 billion) to set up an IT/ITeS special economic zone in Mumbai that would be ready for occupation by end of next year.
The US is the largest source as well as target of malicious computer activity in the world, a new survey has said.
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.
It feels great to be meeting so many old friends after so many years
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Infy, L&T key movers while auto stocks dropped
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.
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
'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.'
IBM writes to US Congress; Premji meets Biden
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.
Tata-controlled CMC Ltd has filed a draft prospectus with Securities and Exchange Board of India for its proposed initial public offering to divest Centre's 26.25 per cent stake in the software firm.
A recent report from anti-virus and Internet security software firm Trend Micro's TrendLabs indicates that mobile malwares have advanced at a surprising rate in the last three months.
India's mid-cap software companies may shed as much as 10 per cent of their workforce as revenues and margins have shrunk owing to a global slowdown, analysts say.
The application makes it easy for IBM partners and clients like Polaris to build an entirely new class of cloud-based social business apps.
'If Threads doesn't become a distinct identity, and just a text version in the shadows of Instagram, then it may fizzle out.'
'MNCs now recognise India's capacity for innovation and its pivotal role in substantive contributions to global product development.'
