BUSINESS
HCLTech sees headcount reduce sequentially in Q1, defers hikes by a quarter
HCLTech ended the quarter with 2,506 fewer employees than the previous quarter, primarily because it chose not to backfill attrition.
BUSINESS
TCS gives 12-15% hike for 'exceptional performers', kicks off promotions cycle
The company’s margins saw an impact of 200bps due to the impact of wage hikes.
BUSINESS
TCS adds 523 employees in Q1FY24 on a net basis, attrition falls to 17.8%
The company also rolled out salary hikes to its employees during the quarter, with hikes of 12-15 percent for high performers.
BUSINESS
Wipro Exec Chairman Rishad Premji endorses CEO Delaporte, says he has full support of the Board
Rishad Premji said that in sectors like banking and financial services and technologies, clients have spent more on cost optimization, and less on discretionary spending, especially in the second half of last fiscal year.
BUSINESS
MC Exclusive: Infosys defers pay hikes for employees
The IT major usually rolls out hikes for employees below the senior management level in the June quarter, but employees have not received any communication so far.
BUSINESS
TCS delays onboarding of lateral recruits by up to three months
Over 200 lateral recruits across cities including Bangalore, Pune, Kochi, Bhubaneswar, Delhi NCR, and Indore are impacted
BUSINESS
Do Infosys, TCS deal wins show large contracts are making a comeback in the IT sector?
Despite delay in deal conversions and subdued discretionary spending, large deals are beginning to materialise in the cost optimisation and efficiency areas
BUSINESS
Funding winter hurts! India unicorn employee addition falls to fifth
BUSINESS
Sushanth Tharappan to be Infosys' new HR head, replaces Richard Lobo
BUSINESS
One app, many options: Zomato now allows users to build carts from multiple restaurants
BUSINESS
Infosys handles 50 client projects using generative AI, says CEO Salil Parekh
BUSINESS
Tech Mahindra CEO CP Gurnani pay halves in FY23 to Rs 32 crore
BUSINESS
Infosys wins $454-million deal from Danske Bank
BUSINESS
Infosys ends ties with lobbying firm Synergy360, takes steps to strengthen governance in Australia unit
BUSINESS
Accenture’s results suggest Indian IT’s Q1 will remain grim
BUSINESS
Intel India head Nivruti Rai exits after 29 years, to lead Invest India
BUSINESS
Accenture bookings decline sequentially by 22%, headcount down by 6k
BUSINESS
Should you look for a job at a GCC or an Indian IT company?
BUSINESS
‘There is no support, they don’t care about us’: Urban Company’s beauty segment workers protest against ID blocking
BUSINESS
How GCCs in India are giving IT services companies a run for their money
BUSINESS
New food delivery startups mushroom, but pin hopes on ONDC for scale
BUSINESS
Myntra levies convenience fee, looks to curb returns as it aims for profitability
BUSINESS
Meta expands verified program to India
BUSINESS
Former TCS CEO Rajesh Gopinathan earned Rs 29.16 cr in FY23, up by over 13% YoY
