BUSINESS
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.
BUSINESS
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
BUSINESS
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.
BUSINESS
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
BUSINESS
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.
BUSINESS
Corporate Crossings | Wipro appoints Amit Chaudhary as Chief Operating Officer
Amit Chaudhary was previously COO for Capgemini’s Financial Services Business Unit.
BUSINESS
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
BUSINESS
Average variable payout of Infosys BPM employees for some levels at 60%
The performance bonus will be paid out with the salary for October.
BUSINESS
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."
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
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.
BUSINESS
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
BUSINESS
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.
BUSINESS
‘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.
BUSINESS
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
BUSINESS
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
BUSINESS
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
BUSINESS
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.
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
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.
BUSINESS
IT Hiring | Employee addition by TCS, Infosys, Wipro, HCL Tech down 45% in Q2 compared to Q1
Among the top four, Wipro hit a low of 605 employees, even as HCL Tech was the only outlier, adding more employees compared to Q1.
BUSINESS
Active jobs in IT services slump to the lowest in 17 months in September: Xpheno
According to Xpheno, the IT sector's share of active job openings has dropped to 58%, from an 80 percent-plus range in the previous year.
BUSINESS
See caution in some segments but pipeline for large deals remains strong: Infosys CEO Salil Parekh
Infosys booked $2.7 billion in large deals in the September quarter, up from last quarter’s $1.7 billion
BUSINESS
Moonlighting: Infosys working on policy to allow employees take up outside gigs, says CEO Salil Parekh
Infosys said people have been let go in the last year in cases where they were found to be working in two companies and there were issues of confidentiality.
