BUSINESS
Dunzo delivery workers allegedly threatened with ban if they go on strike
Dunzo said it is looking into the matter.
BUSINESS
Fewer deals, falling margins: Recession blues hit the Indian IT sector
Supply-side constraints and macro uncertainties weigh on the margins of IT companies in Q1
BUSINESS
Top 5 Indian IT companies hire 59,704 employees in Q1
TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year
BUSINESS
Swiggy delivery workers stage protest in Bengaluru over rate changes, long-distance deliveries
Delivery executives logged off in various Bengaluru localities between July 21 and July 25.
BUSINESS
Some tech that comes with fanfare takes time to fructify: Happiest Minds
Drone technology, blockchain and AR/VR are some of the technologies that haven’t taken off as expected, according to Exec Vice Chairman Joseph Anantharaju.
BUSINESS
Infosys non-compete clause issue: Working with respective authorities locally and centrally, says CEO
CEO Salil Parekh said the company’s primary concern is related to client confidentiality being observed when an employee leaves.
BUSINESS
Infosys Q1 results| Overall pipeline strong, good demand outlook on large deals says CEO Salil Parekh
Infosys revised its revenue growth guidance to 14-16 percent from 13-15 percent for FY23.
BUSINESS
Infosys grows fastest among peers, adds 21,171 people during the quarter
Infosys’ attrition has elevated for a few quarters — 25.5 percent in Q3FY21, 20.1 percent in Q2FY22, and 13.9 percent in Q1FY22.
BUSINESS
Abysmal quality of maternity care in India needs transformation, says development economist Janhavi Nilekani
Professional midwifery is needed in urban India because every woman, regardless of her wealth, ought to have a right to high-quality treatment and respectful maternity care, says Janhavi Nilekani.
BUSINESS
Focus on getting around supply-side constraints: Mphasis CEO Nitin Rakesh
Mphasis CEO Nitin Rakesh said the demand environment is fairly robust, and that the industries and geographies the company operates in are conducive to growth.
BUSINESS
Bug bounty for Aadhaar: A long time coming, but is everyone happy?
Security researchers are not pleased with the structure and eligibility of the bug bounty program floated by UIDAI for Aadhaar
BUSINESS
Former TCS CFO V Ramakrishnan passes away
The former CFO, who retired in April 2021, was in the position since February 2017
BUSINESS
Wipro Q1 net additions buck industry trend; more than 15,000 employees hired
Net additions in Q1FY23 declined significantly in comparison to Q4FY22 at both TCS and HCL Tech.
BUSINESS
Q1FY23 Result | Wipro strikes an upbeat note despite looming concerns
CEO Thierry Delaporte said that despite uncertainties of the macroeconomic environment, there has been no slowdown or pullback of spend.
BUSINESS
Wipro added over 15,000 employees in Q1FY23, attrition stood at 23.3%
Wipro had 2,58,574 employees as of June 30, 2022. CEO Thierry Delaporte said last quarter that the company planned to hire 38,000 freshers in FY23.
BUSINESS
New work-from-home rules for SEZs will help employers get employees back to office: Experts
A new rule has been added that applies to employees of IT/ITeS units, employees who are temporarily incapacitated, those who are travelling and those who are working offsite
BUSINESS
LTTS looking to set up 5G non-public network to build use cases on technology, says CEO Amit Chadha
In an interaction with Moneycontrol, LTTS CEO Amit Chadha said he wants to be in a space where in two years 90% of appointments are internal.
BUSINESS
Can compete with any company, big or small, says Mindtree CEO Debashis Chatterjee
“There’s a steering committee that is working in such a way that it doesn’t distract either organisation (Mindtree and L&T Infotech)… That’s why you still see that Mindtree has been growing. We haven’t lost sight of the big picture. We’re focussing on profitable growth,” he said.
BUSINESS
Online cab booking | Why finding a cab is a nightmare now
Many drivers said the rise in commissions payable to ride-hailing platforms and higher fuel costs, among other expenses, have made it impossible for them to survive in the once-lucrative profession.
BUSINESS
Mindtree Q1 results | Order book remains strong; cautiously optimistic, says CEO
The company’s net headcount went up by 2,384 from last quarter, with attrition coming in at 24.5 percent.
BUSINESS
Wipro to dangle promotions every quarter up to mid-management, roll out hikes in September
Reports said that several employees will receive a 10% pay hike and top performers could get more.
BUSINESS
20% of TCS employees work out of office, company wants to increase it to 80%
CEO Rajesh Gopinathan said the company's 25/25 plan needs to be executed in a more controlled manner.
BUSINESS
TCS Results for Q1FY23 | Despite strong deal pipeline, we continue to be vigilant: CEO
In terms of deal wins, the IT services major saw a decline from last quarter -- from $11.3 billion to $8.2 billion. It added nine new clients to the $100 mn-plus band YoY and 19 clients to the $50 mn-plus band.
BUSINESS
TCS attrition rises to 19.7% in Q1FY23, 14,136 employees added during the quarter
The company’s headcount as of June 30 is 6,06,331, up from 5.92 lakh employees last quarter.
