It Company

Singh’s FY25 remuneration included salary and allowances worth Rs 62.04 lakhs, perquisites, PF contribution of Rs 16 lakhs, performance linked bonus of Rs 60.7 lakhs and stock options worth Rs 22.25 crores.

Funding freeze, Governance issues to regulatory hurdles - What's ailing Indian startups?

IT industry veteran, Saurabh Srivastava, talks to Shweta Punj of Moneycontrol on high profile exits from IT majors, fall of decacorns, the new digital competition law and outlook for 2024. Expect the IT slowdown to continue until 2025

Wipro lays off 452 freshers for ‘poor performance’ in internal assessment

In the termination letter that was sent by Wipro to the affected employees, the company said the freshers were supposed to cough up the Rs 75,000 that the company spent on their training programme, but the amount has been waived off.

Moonlighting unacceptable, action taken against few employees found engaging in it: Happiest Minds

The company — which recently logged a stellar 33.7 per cent on year growth in net profit in the second quarter and 31.1 per cent rise in its total income — had about 4,581 employees as of September 30, 2022.

Birlasoft Q2 net profit up 11.6% to Rs 115 crore

The consolidated revenue from operations grew by 17.8 per cent to Rs 1,192 crore during the reported quarter from Rs 1,011.68 crore.

Infosys to announce second quarter results on October 13

Speculations are rife that the Salil Parekh-led company may also announce share buyback along with the Q2 earnings.

Atos CEO Rodolphe Belmer to quit as he loses power struggle over strategy

An Atos spokeswoman said the firm had no comment, adding that a strategy plan will be presented during Tuesday's investor day.

Sebi bans person from capital markets, imposes fine in NIIT Technologies insider trading case

Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies.

Ideas for profit | Coforge: Top mid-cap IT pick

In this edition of Ideas for Profit, we tell you why Moneycontrol Research desk pegs Coforge as its favourite mid-cap IT stock despite the recent run up.

Hello This Is... | COVID-19 & Business Continuity

In this exclusive conversation, Rekha Menon, Senior MD & Chairman, Accenture India speaks to Network18’s Mridu Bhandari about remote working and virtual collaboration tools as key drivers of a new normal, impact of Covid-19 on diversity and inclusion.

Coronavirus pandemic | Capgemini India gives salary hike to 70% staff, retains employees on bench

Ashwin Yardi, CEO of Capgemini India, has assured that all employees will receive their full salaries regardless of their bench time

Nucleus Software board to consider share buyback on April 25

Share buyback typically improves earnings per share and is a mechanism to return surplus cash to shareholders besides supporting share price during periods of sluggish market condition.

HCL Infosystems Q3 net loss narrows to Rs 51 cr

Its net loss stood at Rs 56.82 crore during October- December 2015, HCL Infosystems said in a BSE filing.

Rolta India Q2 net up by 91% at Rs 54.3 crore

The total income from operation of the company declined by 25.52 per cent during the reported quarter at Rs 736.95 crore from Rs 989.59 crore in the corresponding period of 2015-16.

L&T Infotech Q2 net profit up by 11.2% at Rs 232.6 crore

The company registered net profit of Rs 209.1 crore in the same period a year ago.

Wipro appoints Grange as regional head of France operations

In his new role, Gilles Grange will be responsible for strengthening Wipro's presence in France by pursuing new business opportunities and growing its visibility in the region, the company said in a BSE filing.

Vineet Nayyar bats for tech change, says reinvent to be in game

Speaking to CNBC-TV18 Vineet Nayyar, Executive Vice Chairman of Tech Mahindra said that lower orders for IT companies in India were not because of economic slowdown but was because of tech disruptions like cloud computing. “The mega trend is technology change.”

Kellton Tech Q1 net rises 42 per cent to Rs 12.2 crore

Total income in the June quarter was Rs 140.4 crore compared to Rs 104.4 crore during the corresponding period of last year, an increase of 35 percent, a company statement said.

Educomp to sell entire stake in Vidya Mandir Classes

The sale is in compliance with Educomp's approved corporate debt restructuring scheme and in accordance with the master restructuring agreement executed with the lenders and with the approval of ICICI Bank, holder of the exclusive security, it said.

Mphasis Q1 net profit up 38% to Rs 204 crore

The company's income from operations rose 1.5 percent year-on-year to Rs 1,516.6 crore in June quarter.

Kellton Tech Wins Two National Awards in IT Excellence

Kellton Tech, a global IT company based in Hyderabad, today announced that it won two awards at the National Awards in IT Excellence – ...

Kellton Tech Wins Two National Awards in IT Excellence

Kellton Tech, a global IT company based in Hyderabad, today announced that it won two awards at the National Awards in IT Excellence – ...

FinWiz visits Syntel in Pune

FinWiz goes to the Pune campus of a Nasdaq listed IT company, Syntel with the country's finest experts to advise and educate the young employees on investment and financial planning.

HCL Info tanks 9% as net loss widens in Q4

Net sales of the company dropped about 30 percent to Rs 1,376.19 crore during the said quarter from Rs 1,970.17 crore in the previous fiscal. Sales of hardware products and solutions plunged 66 percent to Rs 215.1 crore in the reported quarter from Rs 632.77 crore in the year-ago period.

Delivered superior RoE at 38% for CY14: HCL Tech

HCL Technologies' profit increased 2.3 percent sequentially to Rs 1,915 crore during the quarter.