BUSINESS
Top 5 Indian IT companies have less than 50% dependency on H-1B visas
Indian-origin companies like Infosys and TCS were major players for the H-1B visa sponsorship, securing nearly 20 percent of the total approved visas in 2024, according to USCIS data.
BUSINESS
Davos 2025: 'Incredibly energised about his leadership,’ says Rishad Premji on Wipro CEO Srini Pallia
Premji also expressed optimism on how demand is shaping up in 2025, highlighting an anticipated rebound in discretionary spending.
BUSINESS
Davos 2025: Huge believer in work-life balance, says Wipro chairman Rishad Premji on 70/90-hour work week debate
Chairman of India’s fourth-largest IT company believes that the need to recharge and show up well for work should not be underestimated.
BUSINESS
Davos 2025: Big firms expect more investment in tech, will drive large digital programmes, says Salil Parekh
Europe is focused on improving competitiveness, with Nordic countries, Spain and others already performing well, the Infosys CEO has said
BUSINESS
Trump's birthright citizenship order likely to face legal hurdles, say experts
The executive order signed on January 20, calls for children born in the US to acquire citizenship only if at least one parent is a US citizen, a legal permanent resident, or a member of the US military.
BUSINESS
Davos 2025: IT firms must reinvent with Agentic AI; rethink traditional labour arbitrage, says Francisco D'Souza
D'Souza said that the earlier double-digit growth rates were driven by the offshoring shift, however, that advantage has equalised now across the industry.
BUSINESS
Davos 2025: About 10,000 more ex-employees want to rejoin Cognizant, says CEO Ravi Kumar S
On the counterclaim filed by Infosys in the TriZetto trade secrets case, Kumar says he is protecting the intellectual property of the firm
BUSINESS
IT companies see healthiest recovery in the last 1.5 years in Q3 FY25 earnings
Constant currency revenue and deal wins improved for most while operating margins improved for all in a seasonally weak quarter marked by furloughs.
BUSINESS
Davos 2025: We are very focused on India, says Zoom’s COO Aparna Bawa
Bawa said Zoom will continue to market and expand its product base, bringing them to India as soon as possible.
BUSINESS
Davos 2025: India best lift-off country in Asia for anything on tech, says Zoom COO
Bawa said Zoom operates development centres in Bangalore and Chennai. Additionally, the company has a go-to-market team in Mumbai, and data centres in Hyderabad and Mumbai
BUSINESS
Davos 2025: Embedding AI capability into our platforms and services, says Zoom
Bawa said that the focus is on making individuals and enterprises more efficient.
BUSINESS
Top 5 IT firms shed 2,500 jobs in Q3FY25 after a quarter of additions
On a positive note, these firms added 10,412 employees in 9MFY25, marking a cautious revival after losing over 57,608 employees during the same period in FY24.
BUSINESS
Have good inventory of H1-B visas, US workforce comprises 80% locals, says Wipro
Wipro said supply side will not be a constraint if demand rises in the US market.
BUSINESS
We will hire 10,000-12,000 from campuses in FY26, says Wipro
On concerns about revoking fresher offers issued to 2022 batch engineering graduates, Govil said the move was necessitated by the time gap between extending offers and onboarding candidates.
BUSINESS
Wipro client numbers drop due to weak discretionary spending, Q3 furloughs
In Q3, the company’s customer base from the over $100 million through over $1 million bracket stood at 1,806, down from 1,837 a quarter ago. In Q3FY24, this metric stood at 1,908.
BUSINESS
Wipro revises revenue guidance to range between -1% and 1% for Q4FY25
Total bookings stood at $3.51 billion, with large deal bookings of $961 million, lower than $3.56 billion and $1.49 billion in the last quarter, respectively.
BUSINESS
Wipro’s headcount down 1,157 in Q3, ends quarter with 232,732 employees
Sequentially, Wipro's attrition rate increased to 15.3 percent in the last-twelve-month (LTM) basis.
BUSINESS
Infosys to roll out 6-8% annual hikes in India from January; overseas raises at low single digits
This will be phase one of its planned salary revisions, with the second one beginning in April 2025.
BUSINESS
Dependence on H1-B visas low, over 60% of US workers local, says Infosys
For Q3, Infosys offshore employees made up 76 percent of the workforce while the rest were onsite.
BUSINESS
Building micro LLMs that will work on embedded chips, says L&T Tech CEO Amit Chadha
The company said that hyperscalers are spending "very well", although, these highly impactful projects are conducted in secrecy.
BUSINESS
Wipro Q3FY25 earnings preview: Top five factors at play
A Moneycontrol poll of nine brokerages estimated thhe company's revenue to decline 0.6 percent to Rs 22,176 crore in the October-December 2024 quarter.
BUSINESS
Infosys Q3 FY25: Five key factors to watch
Analysts expect the company to raise its FY25 revenue growth guidance while maintaining its margin outlook
BUSINESS
HCLTech cuts FY25 fresher intake to 7,000 from 10,000, cites lower attrition, higher productivity
The company said that the initial figure of 10,000 was a directional plan outlined at the start of the fiscal and that hiring numbers are reviewed quarterly.
TECHNOLOGY
Dependence on H-1B visa among lowest in industry, 80% of US employees are locals, says HCLTech
Chief People Officer Sundararajan said the number of H1-B visas for the company ranges between 500 and 1,000 at most annually
