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Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.
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A Cognizant spokesperson said the company is complying with the order of the Bombay High Court, while also considering its options for redress and pursue available legal remedies to defend its right.
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Analysts caution: don’t suffocate Harman within slow structures.
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The bench instead reinstated a 19 March 2024 injunction that had barred the company from using the disputed branding in India.
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Harman Connected Services, headquartered in Connecticut, USA, is a global provider of ER&D and IT services with more than 5,600 employees in 14 countries
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FPIs sold equities worth nearly Rs 21,000 crore during the fortnight following net withdrawals of Rs 17,741 crore in July, marking a sharp reversal from inflows of Rs 38,673 crore between March and June.
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While 78% of business leaders believe responsible AI drives growth, only 2% enterprises meet benchmark maturity standards, an Infosys report has said
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In India, consistent top performers will see salary hikes in the high single digits.
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Patil assured that the government’s efforts are directed towards creating a conducive ecosystem in Tier-2 cities.
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In his new role, he will oversee LTIMindtree’s Delivery Units, Talent Solutions functions, Global Delivery Centres, and Delivery Excellence.
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The IT firm's board cited the company's market performance as one of the key reasons for the fatter pay package
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With peers TCS and HCLTech struggling with weak demand, the Street will be keenly watching Infosys’ commentary on deal ramp-ups, AI-led transformation and the pace of recovery in key markets
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Winning a mandate by one of the largest IT players in the country is a major deal for the company in the competitive enterprise insurance segment.
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Going by their deal pipelines, IT players, including TCS, were in the previous quarter cautiously optimistic about growth in FY26. Their commentary will be closely tracked to see if the optimism prevails
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The employee in question has been identified as a 28-year-old Swapnil Nagesh Mali, who hails from Andhra Pradesh. Over 30 obscene videos of different women have been found on his phone.
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The Mumbai-based firm is the latest tech firm tapping into the growing market for GCC enablement services, following staffing firm Quess Corp’s launch of 'Origint', in June.
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While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said
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FY25 earnings were impacted by a Rs 161 crore one-time provision, which management termed an 'acceleration of expected credit loss' to clean up the balance sheet.
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Infosys leadership also disclosed that over 20,000 employees are actively using GitHub for coding, which is among the largest users of the platform in the IT industry.
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Industry experts believe the impact of depreciating rupee will be short-term and not significant enough as IT exporters tend to hedge their business against cross currency headwinds for at least two quarters ahead.
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Despite the drop in bookings, the world's largest IT firm raised the upper end of its annual revenue growth forecast to 6-7%, from 5-7% earlier.
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Meanwhile, the company said its revenue from Gen AI is now upwards of $1 billion year-to-date. Accenture follows a September-August financial year.
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The company has increased the upper end of the annual revenue growth guidance between 6% and 7%, compared with its prior forecast of 5% and 7%.
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In the case of Bengaluru’s Indian Institute of Science (IISc), which faced a similar fate, the shares would have multiplied 768 times
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Bluspring will house six established service brands across facilities management, food, industrial maintenance, telecom infrastructure, and security.
