Wipro's offices in India will be open on Mondays, Tuesdays, Thursdays, and Fridays.
The new development comes at a time when TCS and BSNL are in the final stage of closing an estimated Rs 16,000 crore ($2 billion) 4G network launch deal.
Those individuals are — Shailendra Mehta, Aditya Omprakash Gaggar, Shruti Vishal Vora and Neeraj Kumar Agarwal, the Securities and Exchange Board of India (Sebi) said in five separate orders.
The public-private combine is expected to roll out BSNL’s 4G services across 100,000 towers or sites
It is partly due to the cost of living, partly because of the need to learn more and upskill oneself, and companies should accept it, says David Hui, regional managing partner at Heidrick & Struggles.
Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.
The harsh crackdown on moonlighting comes after FY22 saw highest employee additions by IT companies in a decade. Profit margins may smile as a result
Last week, the Sensex fell 952.35 points or 1.59 per cent.
iPhone 14 models go on sale, Motorola flagship launched in India, Uber hacked, and more.
The Suite includes ready-to-deploy, automotive-specific and industry- and cloud-agnostic solutions, digital frameworks, custom solutions, accelerators, and use cases, a TCS statement said.
IT stocks had taken a severe beating, factoring in the aggressive tone of US Federal Reserve chairman Jerome Powell at the Jackson Hole Symposium. After a rebound, they resumed their fall on September 14, reacting to the hotter-than-expected inflation data released in the US
The Head of Equity and Country Head-India at Macquarie Group shares his views on the information technology sector, future of Electric Vehicles (EVs) and the scope offered by the country’s defence sector.
Last week, the BSE benchmark advanced 989.81 points or 1.68 per cent.
While the city’s infrastructure problems need to be addressed on a war footing, experts feel that Bengaluru remains an attractive destination for employers and employees alike.
Ashwath Narayan has said the government will hold virtual meetings every month to address grievances of the industry.
Wipro is invoking plans to continue business while TCS has internally cautioned delivery teams to ensure safety.
The development comes at a time when Indian IT companies are already facing challenges and delays in rolling out quarterly variable pay to the employees amidst margin pressures.
Core banking systems that can't keep pace with rising load and fast digital changes, lack of an adequate number of talented tech professionals, and reluctance to invest in infrastructure for unremunerative UPI mean more system outages and glitches.
High levels of attrition, increasing travel costs, and fears of a recession that’s affecting demand for IT services are putting pressure on margins of tech companies.
Our specially curated package of the most interesting articles to help you stay at the top of your game.
A TCS statement said that variable pay is paid either in month one or two, and that there is no delay in this process.
A survey by investment firm Wedbush Securities shows that IT companies’ clients maintain a positive intent to spend on technology both in the second half of the calendar year 2022 and the first half of 2023
After Wipro and TCS, Infosys reports variable pay cut to fight shrinking margins. Rich valuations and an anticipated slowdown in IT spends, given the rising inflation and a likely slowdown in global growth, build pressure on the IT stocks
As efforts to raise prices are meeting with limited success IT companies are moderating salary costs, their biggest expenditure component
Infosys’ move to reduce payout comes days after its rivals such as TCS and Wipro deferred or reduced variable payouts for the April-June quarter in a bid to defend margins.