BUSINESS
Coronavirus pandemic: Impact on aviation to hurt IT firms, revenues may drop 1-7%
Airlines and hospitality majors are slashing budgets and laying off employees to mitigate COVID-19's financial fallout.
BUSINESS
Techies can't wait to join office even if it means braving the traffic-clogged Bengaluru roads
Most of the techies in the garden city started WFH on a positive note, but the twist in the story has come after spending a few days at home.
BUSINESS
Coronavirus pandemic | Are we looking at yet another exodus of H-1B workers from USA?
Close to 20-30 percent of Indian H-1B and H4 visa holders in the US may be forced to return home in the next 5-7 months.
BUSINESS
Coronavirus impact | IT firms start issuing pink slips; around 1.5 lakh employees may lose their jobs
The industry employs about 45-50 lakh, of which and smaller firms account for about 10-12 lakh. The top five IT firms alone employ close to 10 lakh people
BUSINESS
H-1B visas: India tops list of registrants, says USCIS
After India, China is the second largest beneficiary at 13.2 percent.
BUSINESS
Coronavirus | Working from home, IT employees battle job pressures & mental health issues
The sector employs about 40-50 lakh people, majority of them being migrants working across different cities.
BUSINESS
Life during coronavirus | Of a son attending father's funeral through video call & wedding guests getting stuck
With domestic and international travel ban in place, children of the deceased are unable to travel. Others who travelled for emergencies are unable to get back home
BUSINESS
Coronavirus pandemic: In this city of temples, people pray for essential goods
Retailer and distributors in the town told Moneycontrol that unless movement of essential goods resumes, they are likely to face shortage of food items in the coming days.
BUSINESS
IT firms still struggling to allow its employees to work from home
Considering 50 lakh employees are in the IT sector, enabling them to WFH becomes important.
BUSINESS
5G troubles to hurt Wipro's technology business show in medium term
For the quarter ended December 2019, the technology vertical, accounting for about 12.3 percent of the overall revenue, declined 3.7 percent sequentially.
BUSINESS
Infosys sees rise in involuntary attrition in Q3
Rising layoffs aside, the firm’s attrition woes are in control. From 23.4 percent in Q1, the annualised attrition has come down to 21.7 percent in the second quarter and 19.6 percent in the third.
BUSINESS
Are the whistleblowers really Infosys employees? Nandan Nilekani asks
“We believe that our employees, especially in the finance department have the highest ethical standards. We don’t think they have anything to do with this,” he said.
TECHNOLOGY
Xiaomi likely to be first company to produce smartphones that support NavIC
According to a senior ISRO official, talks with the Chinese smartphone manufacturer is in its final stages, and if all goes well, the company is likely to launch handsets integrated with NavIC in six to seven months.
BUSINESS
Hot skills and top jobs in IT
AI,ML,Data Sciences, Cloud Architects are few of that the jobs that are hot right now.
BUSINESS
IT union to talk layoffs with Tamil Nadu labour, employment officials
The Forum for IT Employees has submitted a petition to the Tamil Nadu labour commission soon after Cognizant announced plan to lay off 12,000 mid and senior-level employees.
BUSINESS
Part of CSR funding should be used for research: Kris Gopalakrishnan
CSR money be used for research. Of the 2 percent CSR spend, 50 percent of it can be used for research.
BUSINESS
Infosys announces stock incentives for over 6,000 mid-level employees
Salil Parekh, its CEO, would be granted performance-based incentives in the form of RSU worth Rs 10 crore, which was opposed by close to 21 percent of public shareholders and came under scrutiny in light of the recent development
BUSINESS
Infosys institutional investors cautious, await investigation report
The stock has taken a beating and was down 16 percent on October 22 .
BUSINESS
Infosys investors upset, but give company benefit of doubt
It is a double whammy for investors, who had begun to repose their faith in the IT giant after the nightmare of Panaya and Skava acquisitions.
BUSINESS
Growth in Mindtree healthy, but digital revenues need to pick up: Analysts
Unlike its peers that focus on large banks and capital markets in the US, Mindtree is strong in the insurance space, which has not been affected by the softness other IT majors are facing.
BUSINESS
Wipro Q2: Amid high volatility, company raises revenue guidance, steps up bench
The company increased its guidance from 0-2 percent to 0.8-2.8 percent, despite the macro-economic volatility. It is also stepping up its investment in building resources and digital capabilities.
BUSINESS
Q2 results analysis: More pain in store for IT firms in 2020, say experts
Sanchit Vir Gogia, founder, Greyhound Research, a technology advisory firm, said: "This situation is not great. There is a sense of scare."
BUSINESS
TCS focused on double digit growth, says CFO V Ramakrishnan
The senior executive says the business environment is not as seasonal as before while the second half may better the first.
BUSINESS
IT companies turn attention to tier-2 cities as they seek new avenues
A report by consulting firm Neo Group states that in addition to taking advantage of cost benefits, macro-economic risk is also lower in smaller cities compared to Bengaluru or Chennai.
