The CEOs of Wipro and Infosys will earn more in roughly three hours than the average employee would in an entire year, according to back-of-the-envelope calculations by Nascent Information Technology Employees Senate (NITES)
It was a decent quarter for private banks. IT was mixed, while margin pressure due to soaring input prices was visible in the earnings of cement majors.
You‘ve heard of star wars; now get ready for cloud wars! As IT giants like IBM & Amazon Web Services Inc (AWS) clamour to corner a larger share of India‘s fast growing cloud market.
Infosys , Wipro and other Indian IT giants, which rose to prominence during the outsourcing boom in the 1990s and 2000s, have struggled to keep pace with mushrooming start-ups. The rate of revenue growth has more than halved since 2011-12, partly due to the emerging competition.
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