Fall in share price is disproportionate to business we have got, says Quess Corp's Ajit Isaac
Job platform Monster, whose India SEA and Middle East businesses are owned by Quess Corp, will be rebranded into talent management platform foundit.
Tea cafe chain Chai Point aims for IPO in 18-24 months
Its brewing machines, through which it is unlocking new partnerships, come with an Android software where consumers’ tea-related preferences can be customised through an app and saved for the future to ensure consistency.
Laid-off Indian techies on H-1B visas race against time to find new jobs
While there isn't necessarily a scarcity of jobs, the upcoming holiday season in the US is an additional source of concern, as workers on visa are constrained to find a new job within 60 days.
LTIMindtree CEO Debashis Chatterjee rules out layoffs in merged entity, hopeful of full integration by FY23 end
The goal is to have an industry-leading profitable growth story as LTIMindtree and as a part of that journey, the company will definitely look at inorganic at the right time for the right opportunity, says Chatterjee
Infosys co-founder Narayana Murthy says death of 66 children in Gambia shamed India
Narayana Murthy said in his speech announcing the winners of the Infosys Science Prize that the IITs have become victims of the syndrome of rote learning due to the tyranny of coaching classes.
Large and mega deals dry up for TCS, Infosys, Wipro, HCL Tech
Despite the pipeline drying up, the big four tech companies remain bullish on client spending and the demand outlook for large deals in the upcoming quarters
IT services log in 50% reduction in job openings from last year
The IT services sector had 60,000 active job openings in October, its lowest in 22 months.
Corporate Crossings | Cognizant veteran Vishal Dugar joins INT. as chief growth officer
Vishal Dugar joined INT. from Cognizant where he was the Global Head of Business Development and oversaw the financial services vertical
Infosys may race past Cognizant again as revenue gap narrows between IT majors
Infosys coming close to Cognizant’s level of growth reflects the latter’s troubles as it faced execution challenges and underperformed as compared to its peers, despite the pandemic leading to significantly increased demand.
Corporate Crossings | Wipro appoints Amit Chaudhary as Chief Operating Officer
Amit Chaudhary was previously COO for Capgemini’s Financial Services Business Unit.
Cognizant cuts revenue forecast again as demand, execution challenges persist
Cognizant has revised its full-year guidance downward, citing headwinds from currency, lower North America billable headcount and softer-than-expected bookings growth
Average variable payout of Infosys BPM employees for some levels at 60%
The performance bonus will be paid out with the salary for October.
Global Investors Meet | Despite macroeconomic concerns, bullish on IT's long-term prospects: Wipro's Rishad Premji
At the Karnataka government's Global Investors Meet 2022, Premji said that Indian IT has grown from a low-cost offshoring destination to a "true technology and business partner for every 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.
What Elon Musk's Twitter takeover means for India
The closing of the deal caps a months-long chaotic saga which saw many dramatic twists and turns - from legal challenges to public spats to disparaging memes and a courtroom trial that eventually didn't happen.
Capgemini to hire fewer employees due to slower growth, reducing attrition
CEO Aiman Ezzat says Capgemini does not need to “over hire” and can start looking at some operational optimisation in utilisation
Indian IT companies nudge employees to return to offices
While TCS is the only IT major to have mandated returning to office so far, others have used words such as “encourage”, asking people to return to work a few times each week.
‘Brilliant move’: Experts welcome Infosys policy allowing employees to take on gigs
Professionals hailed the decision for bringing clarity to the issue of moonlighting, although there are concerns over whether managers will support team members who take up gigs.
Infosys allows employees to take up external gigs with prior consent of manager
The email nowhere mentions the term 'moonlighting', as the term technically implies dual employment, which continues to be prohibited
Rishad Premji says Wipro fired a senior employee in 10 minutes for 'huge integrity violation'
Rishad Premji said Wipro was against any kind of integrity violation or harassment and even he could lose his job for violating any of the two
Cognizant appointment of Ravi Kumar a smart move and board-driven: Moshe Katri
Moshe Katri’s comments come months after the leading IT analyst called out the Cognizant board for not exercising its fiduciary duty
Former Infosys President Ravi Kumar S to join Cognizant
Sources suggested that Ravi Kumar's appointment as President could be a precursor to becoming Cognizant CEO in the future.
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.
LTI-Mindtree merger plan ready, hope to complete integration in one or two quarters: Mindtree CEO Debashis Chatterjee
Mindtree’s results for the second quarter may be the last time the company reports earnings as a standalone entity.
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