It Industry

Nasscom said the fee hike is applicable from 2026, which will provide enough time for companies to boost their local hiring plans

Volvo Cars picks HCLTech as supplier for engineering services

Expanding on its existing partnership in digital and PLM (product lifecycle management) services, this agreement significantly increases HCLTech’s role to cover the delivery of end-to-end engineering solutions at scale.

LTTS: Poised for growth despite automobile sector slowdown

The company reaffirmed its medium-term outlook of $2 billion revenues with an EBIT margin of 17-18 percent

All-round beat from Accenture – will the IT rally in India gather more steam?

With pent-up demand for technology expected to make a gradual comeback, the demand momentum is likely to remain supportive for the sector

Wipro gets $500-mn contract from a leading US communication service provider

Wipro says it shall provide managed services for some products and industry specific solutions

Indian tech industry will add only 60,000 jobs in FY24 against 2.7 lakh in FY23: Nasscom

Nasscom said the industry over-hired during the COVID year, therefore the IT industry is seeing some level of correction, which is "expected" and "needed".

IT Minister Rajeev Chandrasekhar inaugurates Synopsys’ Chip Design Centre in Noida

The Indian engineers at Synopsys contribute to every aspect of the design cycle of semiconductor chips/IP Cores and participate in the success stories of all leading semiconductor companies.

Shrinking IT jobs reflect the sector’s refusal to take risks

Had IT firms embraced disruptive new technologies such as generative artificial intelligence (AI) and machine learning, they would still need fewer people. The difference though is that margins would have remained unaffected

A growth hurdle for Indian IT companies may sour middle class dreams

Securing a job with a software company is seen as a route to a better life, but it may be a difficult one as some IT companies may skip campus hiring altogether

Cognizant to cut down 3,500 jobs amid fears of a slump in revenue this year

Cognizant will also give up 11 million sq feet in office space, or 80,000 seats, in large cities in India to help cut costs and boost margins, which are trending in the 15 percent range

Anant Maheshwari named Nasscom Chairperson for 2023-24

Maheshwari takes over the reins from Krishnan Ramanujam, President – Business and Technology Services at Tata Consultancy Services, who served as Chairperson for the year 2022-23.

Upskilling helped 80% IT professionals future-proof their jobs, survey finds

The technology and IT services sector witnessed the largest upskilling demand among all industries in the country as per the Emeritus survey findings.

Eight of top 10 firms lose Rs 1 lakh crore in mcap; Infosys, HDFC Bank, TCS biggest laggards

Last week, the Sensex declined 940.37 points or 1.55 per cent.

Moonlighting polarises IT workers. Experts see solution in return to workplace

With the vexed issue now in the spotlight, some industry watchers expect employers to consider extra safeguards to protect proprietary information and operating models, especially where employees are working remotely.

Wipro’s Rishad Premji on moonlighting trend in tech industry: ‘It’s cheating’

“There is a lot of chatter about people moonlighting in the tech industry," wrote Rishad Premji.

Company boards need people who think like founders: Nandan Nilekani

Nandan Nilekani maintains that he will stay at Infosys for as long as he is needed, but added that he is not going anywhere.

From TCS' Rajesh Gopinathan to HCL's C Vijayakumar: These are the top 5 highest-paid IT CEOs in India

Here’s a look at the huge pay package of the highest-paid CEOs of top Indian IT companies.

US recession to lop off 340bps from India IT’s revenue growth in FY24: Jefferies

Large companies likely to fare better and even gain in market share, with clients sacrificing discretionary IT spends for transformative projects

Indian IT to catch strong headwinds from cross-currency movements

Analysts from top international brokerages expect margin contraction in Q1FY23 from rising employee costs

Government's IT spending to rise 12.1% to $9.5 billion this year, says Gartner

Governments are expected to cut spending on expensive legacy systems in favour of digital service delivery models in 2022, resulting in a fall in telecom investment.

Wipro CEO highest paid among Indian IT peers in FY22, taking home $10.5 million pay cheque

In the same period, Infosys CEO Salil Parekh got a pay packet of $10.2 million, HCL CEO C Vijayakumar made $4.15 million, TCS CEO Rajesh Gopinathan was paid $3.32 million, and Tech Mahindra’s CP Mahindra got a remuneration of $2.83 million

Infosys announces strategic collaboration with TK Elevator; here're the details

TK Elevator (formerly ThyssenKrupp Elevator) is one of the leading elevator manufacturers in the world. The company's product portfolio ranges from commodity elevators for residential and commercial buildings to cutting-edge solutions for skyscrapers.

Goa govt to work to bridge gap between manpower and IT industry requirements: Minister

Goa’s Information Technology Minister Rohan Khaunte has said the state government will work towards bridging the gap between the manpower availability and the industry’s requirements in the sector.

Kerala unveils budget focused on industry, IT, science parks; few measures to cut spending, garner more revenue

The finance minister said the budget was prepared with the objective of “nava Kerala nirmanam” (new Kerala development) with the aim of accelerating growth and ensuring environmental conservation, and sustainability in development and social justice.

Moneycontrol Masterclass | $200 billion revenue, 5 million direct jobs: Decoding the Indian IT supercycle

The IT industry has grown to be the largest private-sector employer, with a $200-billion revenue and 5 million direct jobs. With the industry growing at 11-14 percent, the sector revenue is projected to reach $350 billion by FY2026. So what does this mean for employment and hiring? What skills are in demand? Will the same pace of hiring continue for the next few years? What a star panel of experts decodes this live on this edition of Moneycontrol Masterclass. Tune in live and ask your questions to Dr. Ritu Anand of TCS, Hitesh Oberoi of Info Edge, Abhimanyu Saxena of Scaler Academy & Sriram Rajagopal of Diamondpick.