BUSINESS
Infosys adds over 10,032 employees in Q2, attrition falls sequentially to 27.1%
Last quarter, Infosys had net employee addition of 21,171 employees
BUSINESS
Wipro is far off from a slowdown or delays: CFO Jatin Dalal
CFO Jatin Dalal said there is certainly more uncertainty or sense of caution, but isn't seeing any specific impact in Europe so far.
BUSINESS
'Certain level of uncertainty', but currently no slowdown in demand: Wipro CEO Delaporte
Delaporte added that the nature of deals is shifting, but there stated that he hasn't seen a decline in the number of bookings
BUSINESS
'Conflict of interest' an issue, side job is fine: Wipro CEO on moonlighting
Wipro CEO Thierry Delaporte said the company doesn't believe it’s right to have two jobs where there's a conflict of interest.
BUSINESS
Wipro to give full variable pay to 85% of employees in Q2FY23
The remaining 15 percent of employees to get their variable pay as per policy, Chief Financial Officer Jatin Dalal told Moneycontrol.
BUSINESS
Wipro net employee addition falls to 605 in Q2FY23, attrition dips to 23%
The net addition is significantly lower than last quarter, when it had a net addition of 15,446 employees
BUSINESS
TCS to give 70% of employees full variable pay for Q2FY23
The variable payout for the remaining 30 percent of employees will be based on the business unit performance, TCS CHRO Milind Lakkad said.
BUSINESS
TCS hits out at moonlighting after Infosys and Wipro, says against core values and culture
Chief Executive Officer Rajesh Gopinathan said that it is codified in the company’s employment contract that employees aren’t allowed to work for any other organisation
BUSINESS
TCS adds 20,000 freshers in Q2FY23, says all job offers honoured
TCS’s net addition for the quarter was 9,840 employees, taking its headcount to 6,16,171.
BUSINESS
Infosys slips into legal tangle in US over gender and age bias
A former senior VP allegedly told the plaintiff that he wanted her to exclude women with children at home and candidates near or over 50 years old while hiring.
BUSINESS
Wipro asks employees to come to office three days a week
Wipro's offices in India will be open on Mondays, Tuesdays, Thursdays, and Fridays.
BUSINESS
Freshers in despair as Wipro, Tech Mahindra delay onboarding without offering timeline
Recent graduates are facing the pressure of paying off their education loans, and lament about wasted months and job offers that they let go of.
BUSINESS
Despite few glitches, ONDC's Bengaluru rollout takes off
According to data as per ONDC, 161 orders were placed on the network across Paytm, IDFC, Spicemoney, Mystore which are the buyer apps.
BUSINESS
20-22 lakh IT professionals expected to leave their jobs by 2025: TeamLease report
The survey indicated that 57 percent of IT professionals would not consider returning to the IT services sector in the future.
BUSINESS
SEC says Oracle's India unit used slush funds to bribe officials for business in 2019
Bribery charges rock Oracle’s India unit for the second time in a decade.
BUSINESS
Festival-season sales kick off; here's how e-commerce companies have readied themselves to hit the road
For e-commerce players, there are concerns about inflation impacting consumer purchasing decisions, with the added worry of people being able to freely shop offline for the festive season after two years.
BUSINESS
Wipro rolls out annual salary hikes to employees
Ninety-six percent of Wipro employees will receive salary hikes based on performance and on meeting the eligibility criteria.
BUSINESS
Accenture's revenue guidance for Q1 points to concerns for Indian IT firms
Analysts said that margin pressures are expected to continue in Indian IT, and they may see a slowdown in growth momentum.
BUSINESS
Swiggy delivery workers protest in Chennai over pay structure tweak, services disrupted
Delivery workers for Swiggy allege that the new structure being brought in will lead to a steep drop in income, and requires them to be on the road for much longer hours.
BUSINESS
Moonlighting: Rishad Premji says 300 Wipro employees were found working for competitors
Wipro employees working directly for the company's competitors was a “complete violation of integrity in its deepest form”, Rishad Premji said.
BUSINESS
Bengaluru civic body starts removing encroachments from tech parks, IT firms' premises
On September 19, Karnataka Chief Minister Basavaraj Bommai announced that a judicial commission would be constituted to look into the matter of encroachment of lakes, buffer zones and storm water drains in the state capital.
BUSINESS
How a small Bengaluru-based bakery took on Amazon and won
Happy Belly Bakes, a Bengaluru-based bakery, took Amazon to court after it found that the latter was selling a variety of snacks under a similar name
BUSINESS
A cloud kitchen with 200 brands on Zomato and Swiggy. What's cooking?
The cloud kitchen business has grown rapidly in recent years, with the market size expected to be close to $3 billion by 2025. However, there needs to be greater oversight of the working conditions of these establishments.
BUSINESS
CIEL looks to raise Rs 220 crore in PE funds, to file DRHP for IPO by Q1FY24
This came on the sidelines of the company launching a solution focused on meeting the staffing needs of startups and MSMEs, which it says will help it cross Rs 1000 crore in turnover in FY23.
