BUSINESS
Why Indian IT struggles with India government projects
Industry executives Moneycontrol spoke to said factors like undefined scope, inflexible milestones, delay in payment, and lack of ownership from government are some of the reasons.
BUSINESS
Infosys to roll out salary hikes effective July 2021
The company had rolled out salary hikes effective January 2021. Earlier, its Bengaluru-based peer Wipro too announced wage hikes effective September 2021. The move comes at a time when there is huge demand for talent.
BUSINESS
Infosys COO says several e-filing portal glitches resolved, 1 lakh returns filed so far
“As new functions are introduced in this complex platform we have observed concerns related to filing forms, e-proceedings among other areas. Our project team is working to resolve this to ensure seamless experience for the users,” COO Pravin Rao said.
BUSINESS
Infosys AGM | We won't rest on our laurels but will seize the moment: Nandan Nilekani
“While a challenging 2020 has ushered in a 2021 fraught with uncertainty, one thing is clearly evident: Infosys is well-positioned for another year of market-leading performance in a post-pandemic, cloud-first, distinctly digital era," Nilekani said in his speech.
BUSINESS
Facebook, WhatsApp list law firm's address for grievance redressal
The microblogging platform Twitter has come under fire for listing a partner at a law firm, Dharmendra Chatur, as the interim government officer.
BUSINESS
Wipro to roll out salary hike for 80% employees effective September 2021
This is the second hike in the calendar year. This comes at a time when there is a huge war for talent.
BUSINESS
ShareChat parent to buy back ESOPs worth $19.1 million
This is the firm's first buyback announcement. Nearly 200 existing and former employees with vested options are eligible to participate in this process and can sell up to 100 percent of their vested shares in the present stock valuation
BUSINESS
Vishal Sikka's Vianai raises $140 million led by SoftBank Vision Fund 2
The Palo Alto-based artificial intelligence startup will use the capital to accelerate the delivery of its human-centered AI platform and products to enterprises worldwide, the company has said.
BUSINESS
Report on 3 million jobs losses incorrect, IT sector hired 1.38 lakh in FY21: NASSCOM
The clarification came from the Indian IT industry body NASSCOM after report that robotic process automation will lead to 30 percent reduction in low-skilled jobs by IT outsourcing firms. The sector will continue to be a net hirer in 2022 and set to become $300-350 billion industry by 2025, the agency added.
BUSINESS
H1-B visa | Will COVID-19 third wave mar techies American dream?
Indian H-1B visa holders waiting to travel to the US are unsure how 2021 will pan out amid the raging second wave of the pandemic
BUSINESS
Clubhouse expands its creator accelerator programme to India
The programme was first launched in the US in March and India is the second country where it was launched. The application is open on June 16, which will be reviewed on a rolling basis. The first window is closing at July 16, 2021.
BUSINESS
Explained: Has Twitter really lost its safe harbour protection in India?
Can Twitter really lose its legal shield? What does it mean to lose intermediary status? Can it really be considered non-compliance of new IT rules when they have been challenged in Indian courts? Most of all what does it mean for the users? This explainer is an attempt to answer those questions and more.
BUSINESS
Accenture to acquire German firm umlaut to bolster engineering, services play
According to analysts, while this move will scale Accenture’s capability in the engineering services space, it could impact top Indian IT services firms in winning large deals
MCMINIS
What is CDN and why is it important?
TECHNOLOGY
Alleged data breach affecting 150 million Indians on Co-WIN is baseless: RS Sharma
We continue to take appropriate steps as are necessary, from time to time, to ensure that the data of the people are safe with Co-WIN, RS Sharma has said on data breach incident.
BUSINESS
Wipro appoints former Yes Bank executive Anup Purohit as Chief Information Officer
The other critical hires at Wipro in recent months include Subha Tatavarti, its Chief Technology Officer, Stephanie Trautman, who will be the chief growth officer, a new role created to drive large deals momentum, and Pierre Bruno, who will be heading Europe, which is one of the key focus areas for the company.
MCMINIS
No dearth of demand for tech talent
TRENDS
Wipro’s Thierry Delaporte highest paid CEO, races past TCS and Infosys
Wipro’s Thierry Delaporte drew Rs 64 crore ($8.8 million) for FY21, making him the highest paid CEO in IT compared to his peers in Infosys' Salil Parekh at Rs 49.68 crore and TCS' Rajesh Gopinathan at Rs 20.4 crore.
BUSINESS
EXCLUSIVE: Koo to launch Twitter Spaces-like audio feature in a month
The company’s move to start an audio feature comes at a time when the social audio apps are gaining popularity. For instance, India is the largest Android market for Clubhouse with over 10 lakh users in the start of June 2021.
BUSINESS
TCS shareholders saw 3,000% return on their investment in 17 years: N Chandrasekaran
One share of TCS at a price of Rs 850 during the IPO in 2004 would be worth Rs 28,000 today, giving shareholders a 3,000 percent return on their investment.
BUSINESS
Singer TM Krishna moves court against IT rules; govt given three weeks to respond
The petition was filed by the Internet Freedom Foundation on behalf of TM Krishna, a Carnatic music vocalist from Tamil Nadu, challenging the new IT rules. The matter will be heard in four weeks.
BUSINESS
Virtusa appoints former Cognizant executive Santosh Thomas as CEO
Santosh Thomas will be succeeding the company’s founder, Kris Canekeratne, who announced his transition from the business in May.
BUSINESS
Deutsche Bank to hire 1,000 people in India this year
The hiring, a mix of freshers and experienced professionals, will be in the India tech centres as the bank invest significantly to create technology capabilities internally to cater to changing consumer needs. Its CEO Christian Sewing said that the company will spend 13 billion euros between 2019 and 2022 on the bank’s digital transformation journey.
BUSINESS
Infosys chairman Nandan Nilekani regrets glitches, assures FM tax portal will stabilise in a week
Infosys came under fire from Finance Minister Nirmala Sitharaman as users faced technical glitches in the new Income Tax e-filing portal, which went live on the evening of June 7. FM Sitharaman asked Infosys and its co-founder and chairman Nandan Nilekani to address the grievances in a tweet.
