BUSINESS
Pain of Big Tech companies’ hiring slowdown visible in India
The current active job openings from FAAMNG companies are about 90 percent lower than their typical active hiring volumes.
BUSINESS
Electronics brand boAt raises Rs 500 crore from Warburg affiliate, Malabar; calls off IPO
BUSINESS
PE firm Jashvik Capital raises $350 million in the first close of its maiden fund
The firm invests in profitable growth businesses in the healthcare, pharma and consumer sectors in India
BUSINESS
We allow customers to mix and match storage plans: Google Workspace
Kelly Waldher, vice president for marketing at Google Workspace, addresses concerns of small businesses in India about costly storage plans and adds that companies can soon pool storage among their teams.
BUSINESS
IBM India MD Sandip Patel warns employees against moonlighting
IBM India MD Sandip Patel said that he wanted to be clear with his employees about the "much talked about" topic of moonlighting, adding that it could create a lot of confusion if not explained at a granular level.
BUSINESS
Inside Google Workspace's strategy to bank on future of work
Being the preferred choice for Millennial and Gen Z, Google sees significant growth headroom in the coming four to five years as more people from the next generation enter and lead workforces.
MCMINIS
How will worldwide IT spending grow in 2023?
BUSINESS
Had to let go a handful of people for moonlighting, says Persistent Systems management
Client engagements mandate us to have full-time employees, required to make it known to clients if employees are not full-time, says the company.
BUSINESS
Start-up industry body ADIF's top boss Sijo Kuruvilla George quits amid disagreement with member
With no day-to-day team and leadership in place in the organisation, a few members are thinking whether to continue with ADIF or create another association that would be more neutral
BUSINESS
Now, Google-backed ShareChat asks The Wire to pull down articles on Tek Fog after Meta
The company was accused of closely facilitating misuse of the app by the BJP.
BUSINESS
Tech Mahindra signs MoU with Gujarat, plans to hire 3,000 employees in 5 years
Tech Mahindra will be building digital engineering services for the state
BUSINESS
Conversational AI start-up Yellow.ai rolls out ESOP worth $43 million
The company currently has over 900 employees globally and plans to expand to Australia, Japan, Africa, Latin America, the US, the UK, and Europe while strengthening its presence in India, Southeast Asia, and the Middle East
BUSINESS
How TCS, Wipro, Infosys, and HCLTech fared in Q2FY23
While company executives largely conveyed that demand remains strong, they are wary of the ongoing global market uncertainty.
BUSINESS
September quarter was big and the next will be even bigger, says Larsen & Toubro Infotech management
LTI and Mindtree are expected to announce combined earnings from Q3 onwards; will boost deal pipeline
BUSINESS
Top Indian IT companies' subcontracting costs drop 10-60 bps QoQ in Q2
Analysts said that further decrease will be company specific and depend on deal requirements
BUSINESS
HCLTech joins ranks with TCS, Infosys, Wipro; says it doesn’t approve of moonlighting
No action has been taken against anyone so far; the company said it had found one or two stray instances which are being investigated currently
BUSINESS
HCLTech’s order book grows 6% YoY to $2.38 billion in Q2
The company won over 11 large deals, eight of which were in services while three were in products.
BUSINESS
HCLTech adds 8,359 employees in Q2FY23; QoQ attrition rate remains flat at 23.8%
Fresher addition for the quarter stood at 10,339
BUSINESS
5G has the potential to be leveraged by every business: TCS COO
There will be significant innovations to watch for in sectors such as life sciences, healthcare, education, and agriculture and the company will remain actively focused on them, COO N Ganapathy Subramaniam has said
BUSINESS
How Flipkart became the showstopper this season
BUSINESS
Demand for services stays strong, but there's increasing sense of caution: TCS chief executive
TCS said that there were no mega deals wins during this quarter, and while they did secure a few deals in the range of $400 million, it was spread out across sectors.
BUSINESS
TCS Q2 Results: Five things to watch out for
TCS CEO Rajesh Gopinathan stated last quarter that he expects the demand pipeline to remain strong in Q2, but that he will be wary of the macro-environment. Since then, a lot has changed.
BUSINESS
Nykaa enters into strategic alliance with Apparel Group to enter GCC market
This is Nykaa’s first foray into international markets to launch a new omnichannel beauty retail brand
BUSINESS
HCLTech to open new campus in Brazil, plans to add 1,000 employees
The company is a top employer in Brazil and is scaling up operations thereby adding local and global client base across industries.
