BUSINESS
We shrank to grow; scale doesn’t scare us: L&T Infotech CEO Sanjay Jalona
The great restructuring of this time is scripting a change in the future of work as well as the workforce, says L&T Infotech CEO Sanjay Jalona. And it is creating huge opportunities because every vertical, industry and company needs to adapt to the new normal.
BUSINESS
Optimistic about products and platforms business as we move into next year: HCL Tech CEO C Vijayakumar
Demand from the market is very good and the company is focused on organic growth, HCL Tech CEO C Vijayakumar told Moneycontrol. He also outlined the WFH/WFO model HCL Tech is likely to follow as the pandemic eases.
BUSINESS
Want to end FY22 with industry-leading growth: Mindtree CEO Debashis Chatterjee
Mindtree has been hiring and will continue to hire people for leadership roles from other tier-1 companies, CEO Debashis Chatterjee told Moneycontrol. Read on to find out why.
BUSINESS
India's IT Big Four to hire 1.6 lakh freshers in FY22
Digital transformation has led to a sudden spike in demand from across sectors. IT companies step up fresher hiring to address this rising demand and fight out a threatening attrition.
BUSINESS
HCL Tech adds 11,135 people in Q2 FY22, highest ever in a quarter
With attrition increasing to 15.7 percent from 11.8 percent in the last quarter, the company is taking several measures to address the issue. This includes stock options for senior hires, salary hikes effective July 1, and 100 percent quarterly bonus for junior management.
BUSINESS
HCL Tech to include Restricted Stock Units in compensation mix to retain high performers
This will cover close to 3,000 senior executives. Under this model, which was approved by the board on October 14, the company will move from 100 percent cash awards to a mix of 70 percent cash and 30 percent RSUs for the grants. This is subjected to board approval.
BUSINESS
Wipro to hire 17,000 freshers in FY22: CFO Jatin Dalal
The company plans to recruit 40 percent more freshers than originally planned even as it says the current high rate of attrition could continue for the next couple of quarters
BUSINESS
Wipro to get more employees to office from January 2022, aims to strengthen teamwork
The company has 50 percent of the employees doubly vaccinated and 85 percent have got at least one dose. Wipro started getting senior executives to office twice a week from September.
BUSINESS
Wipro crosses $10 billion annual revenue run rate, adds 11,000 people in Q2FY22
The number of freshers on-boarded were 8,150 in the quarter, higher than the company’s target of 6,000. Its attrition rate zoomed 20.5 percent, from 15.5 percent in Q1 FY22, as the demand for technology professionals increased.
BUSINESS
Short video platform Josh's parent acquires networking app GolBol
GolBol’s team including co-founders Shanu Vivek, Karandeep Singh Gujral and Kaushik Mahato will work with Josh to accelerate the work being done to modernize and multiply the impact, the company said in a statement.
BUSINESS
Why TCS employees will work from office before they return to WFH
TCS wants to return to normal first before shifting to the ‘new normal’ so that employees can connect and build social capital before returning to the remote working model.
BUSINESS
Exclusive | Wipro, Mindtree snap up top HR executives from Cognizant
The latest exodus, coming in the wake of senior Cognizant hands leaving to head other IT companies, large PE firms and startups over the last two years, underscores the company’s struggle to retain top talent
BUSINESS
ADIF moves CCI seeking interim relief from Google Play Store commission
Google Play Store commission of 30 percent in India will come into effect on March 31, 2022. Moneycontrol has learnt that the petition was filed in the CCI last week.
BUSINESS
Interview | Freshers can determine their compensation: TCS HR Head Milind Lakkad
Tata Consultancy Services, India’s largest software exporter, will hire a record 77,000 freshers in FY22, up from its initial estimate of 40,000, on the back of strong demand for its services and an unprecedented war for tech talent, which is leading to high attrition
BUSINESS
TCS CEO strikes nostalgic note on Air India, says will contribute to revive it to past glory
CEO Rajesh Gopinathan said, "Air India is the most nostalgic airline for most TCSers. Almost all of us took our first international trip on Air India. We used to go with the return ticket and that used to be our safety guard that if all else fails we just have to get to the Air India office somewhere and we will get back home.”
BUSINESS
TCS hopes to bring over 80 percent of employees back to office, says senior official
The company has over 70 percent of employees fully vaccinated and 95 percent who have received at least one dose.
BUSINESS
TCS to on-board 78,000 freshers in FY22
The company had earlier shared that it will hire 40,000 in FY22. The firm has already on-boarded 43,000 freshers over the last 6 months. The company has also reappointed Rajesh Gopinathan as CEO for 5 years.
MCMINIS
What caused the Facebook outage?
BUSINESS
Is Co-WIN an open source platform?
India's vaccination platform Co-WIN, developed using open source software, has become a topic of debate again. This time, it is about whether the platform is open source, with the government and the public taking opposing views on the issue.
BUSINESS
Glance bets big on live streaming, live commerce and more creator-related investments in the offing
With Glance looking to launch commerce soon, cracking the 'live' space is important, which it intends to do through Glance LIVE. The company has been piloting Glance LIVE for the last couple of months and is rolling out to its users in phases. Currently, it will be accessible to 50 million users and will be ramped up to the rest of the consumers in the next couple of months.
BUSINESS
His company Wipro lost the deal. He made money when Infosys won it. How SEBI cracked this whodunnit
Insider trading cases are not uncommon. What made this particular case intriguing was the involvement of two ex-employees of rival IT companies that often compete for the same projects. Moneycontrol pieces together the investigation and how Sebi cracked the case.
BUSINESS
Infosys Insider Trading | SEBI bans Infosys and Wipro employee from trading in stock exchanges
Two employees named were Ramit Chaudhri, Infosys executive and Keyur Maniar, a Wipro employee, who traded Infosys' scrips right after the announcement of Infosys' Vanguard deal in July 2020.
BUSINESS
Wasn't planning to be a billionaire, see myself as a trustee of Persistent shares: founder Anand Deshpande
Programming life instead of programming computers is going to be the future, and there are a lot of exciting things happening in that area, Deshpade says.
BUSINESS
India Internet Day 2021 | Want to build a successful business as creator? Diversify
The last few years have seen the creator economy take off as the number of internet users in the country continues to increase. According to reports, India will have 900 million active internet users by 2025, up from 622 million in 2020.
