TRENDS
Don't hoard, etailers say as Karnataka goes into lockdown tonight
With COVID-19 cases spiralling, the state government announced a 14-day lockdown in a bid to contain the spread of infection, even as the healthcare infrastructure is coming under severe strain.
BUSINESS
From vaccination to COVID-care centres, IT firms step up employee support amidst deadly second wave
As people struggle to find ICU beds and oxygen supply, Infosys, HCL Tech and Tech Mahindra are setting up COVID-19 care centres for employees, where they and their families can get medical care beyond home quarantine; companies pledge vaccination drive
BUSINESS
Tech Mahindra headcount declines by 4,000 in FY21, to accelerate pace of hiring in FY22
“We are not giving any firm guidance but we are looking at double-digit organic growth. To sustain the double-digit organic growth you also need to have a right level of hiring," said CP Gurnani, CEO & MD.
BUSINESS
COVID Warriors | As SOS calls mount, volunteers step in to save lives
Hemkunt Foundation best exemplifies the spirit of volunteerism in the Sikh community; as the scourge ravages India, healthcare activists give it all, rise to the occasion
BUSINESS
HCL tech to invest 1% of revenue to expand to other geographies, build capacity in new-gen services: CEO C Vijayakumar
The company, which reported $10.2 billion revenues in FY21, expects double-digit growth in FY22 but has refrained from providing any specific details on how it will achieve that growth. Instead, says CEO Vijayakumar, the focus is on bookings and execution.
BUSINESS
HCL Tech to expand its vaccination drive for all its staff and vendors across India
Its Bengaluru-based peers Infosys, and Wipro are also scaling up their vaccination drive to cover all employees and their families. They will also bear the cost of vaccination.
BUSINESS
HCL Tech in aggressive hiring mode, to take 20,000 freshers in FY22
HCL Tech hired a total of 44,695 employees in FY21, mix of freshers and laterals. Total employee count at the end of the year stood at 168,977, with net addition of 18,554 people last fiscal.
BUSINESS
Zoho has helped restore talent in villages: Sridhar Vembu
Zoho Schools of Learning, a program that trains and hires students who have completed Class 12th or a diploma course, has helped enhance social skills and has given them the confidence to find a job outside of Zoho.
BUSINESS
Meet the 20-year olds whose startup wants to revolutionise content creation
Enterprising college students dreamed big and slogged it out to create a content marketplace that attracted one of the world’s top VC firms. Starting with writing 250 articles themselves for the first order received 10 days before final exams at BITS Pilani, they now aim to storm the global $400 billion market with plans for Pepper Content to enter the US.
BUSINESS
Wipro to organise vaccination camps for employees in Bengaluru, other parts of India
Wipro employs about 1.9 lakh people. The company also plans to facilitate complimentary pre- and post-vaccination support as well as vaccination reimbursement for its employees and their spouses.
BUSINESS
COVID-19 spike | IT majors get ready to vaccinate staff; Infosys partners with 130 hospitals in India, in talks with suppliers
Infosys has also established vaccination centres for its employees and their families at some of the campuses across India, and is in the process of extending them.
BUSINESS
Aadhaar-based facial authentication to be used for India's vaccination drive, not facial recognition: Infosys Chairman Nandan Nilekani
What will be used is facial authentication where they compare your photograph with your Aadhaar number. It is no different than fingerprint authentication, iris or OTP authentication. Now we have to aim for 5-10 million vaccines a day and hence the transaction time is very important.
BUSINESS
Double-digit growth with profitability is the focus in FY22: Mindtree CEO
The strategy is in execution mode right now and we are seeing very good traction in terms of the deals that we are winning — not only new logos, but also in existing accounts, where we are able to mine those accounts by cross-selling and upselling, says Debashis Chatterjee, CEO & Managing Director, Mindtree.
BUSINESS
Clubhouse raises Series C funding from Andreessen Horowitz, DST Global, Tiger Global
This funding comes just as Clubhouse, an audio-based social network for iOS, is preparing for its Android launch next month. For the invite-only iOS app, the Android launch could be critical to expand its growth in overseas markets like India, which is Android-dominated. More than 90 percent of over 500 million smartphones users in India have Android phones.
BUSINESS
TCS, Infosys, Wipro, HCL Tech together will hire close to 1 lakh freshers this year
It is boom time for Indian IT professionals and fresh graduates as tech majors are offering generous salary hikes, attractive bonuses and going on a hiring binge as digitization across the corporate sector has fueled a huge demand for IT services and created robust deal pipelines.
BUSINESS
Growth is the biggest lever to protect margins: Wipro CFO Jatin Dalal
In a wide-ranging interview with Moneycontrol, the Wipro CFO spoke about the company’s growth trajectory, its renewed thrust on consulting, plans to combat margin pressure, and the recruitment outlook.
BUSINESS
Wipro to roll out hikes, promotions and skill-based bonuses to retain talent
Attrition and talent war are clearly one of the key challenges facing IT firms that are looking at double- digit growth in FY22. To attract and retain talent, all Indian IT firms are looking at multiple interventions.
BUSINESS
US-based DXC Technology to hire 7,000 from campuses in India this year
The head of the company’s Indian operations, Nachiket Sukhtankar, says there is a premium on talent, and retention is a challenge. The company is increasing hiring to build its talent base and will invest in training and development instead of relying only on wage hikes.
BUSINESS
Infosys to hire 26,000 people from India and overseas in FY22
Salil Parekh, CEO, Infosys said that the company is hiring from both campuses and laterally in large numbers to ensure seamless execution.
BUSINESS
Infosys attrition rises to 15%, likely to continue in next two quarters: COO Pravin Rao
The company is looking at multiple initiatives to contain attrition, including compensation review in July 2021 and career advancement opportunities.
BUSINESS
TCS likely to cross 5 lakh-employee mark in the next three months
While the company did not give hiring guidance for the first quarter, the management said it would hire over 40,000 freshers in FY 2021-22, a number similar to the previous year.
BUSINESS
Here is why IT major TCS is not worried about the war for talent
Factors like huge emphasis on building talent in-house and low attrition rates could help the firm in addressing talent issues in the tech landscape.
BUSINESS
TCS adds over 40,000 employees in FY21, attrition at all-time low
The company signed deals worth $9.2 billion in the fourth quarter. This is the highest-ever total contract value (TCV) the company reported in a quarter.
BUSINESS
Five key themes to watch out for as IT firms kick off results season, starting with TCS today
Brokerage firm HDFC Securities says that for IT firms, it is likely to be the decade-best Q4 sequential performance as they are riding on a large deal momentum, increased demand for digital-like cloud adoption and higher spend on digital.
