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  • Wipro asks employees to come to office three days a week Oct 04, 2022 06:02 PM IST

    Wipro asks employees to come to office three days a week

    Wipro's offices in India will be open on Mondays, Tuesdays, Thursdays, and Fridays.

  • TCS carves out 2 units dedicated to telecom and 5G solutions Oct 03, 2022 08:34 AM IST

    TCS carves out 2 units dedicated to telecom and 5G solutions

    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.

  • Sebi disposes of matter against 4 persons in WhatsApp leak case Sep 30, 2022 04:09 PM IST

    Sebi disposes of matter against 4 persons in WhatsApp leak case

    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.

  • TCS, BSNL in final stage of closing Rs 16,000 crore 4G launch deal Sep 30, 2022 09:03 AM IST

    TCS, BSNL in final stage of closing Rs 16,000 crore 4G launch deal

    The public-private combine is expected to roll out BSNL’s 4G services across 100,000 towers or sites

  • Moonlighting a phase, similar to China’s in the early 2000s: H&S senior executive Sep 26, 2022 12:45 PM IST

    Moonlighting a phase, similar to China’s in the early 2000s: H&S senior executive

    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.

  • Seven of top-10 firms lose Rs 1.34 lakh crore in mcap last week Sep 25, 2022 02:45 PM IST

    Seven of top-10 firms lose Rs 1.34 lakh crore in mcap last week

    Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities.

  • IT companies talk tough after employee pyramid repairs Sep 23, 2022 10:24 AM IST

    IT companies talk tough after employee pyramid repairs

    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

  • Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards Sep 18, 2022 02:09 PM IST

    Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

    Last week, the Sensex fell 952.35 points or 1.59 per cent.

  • The Tech Weekender | Top news from the world of technology this week Sep 17, 2022 03:45 PM IST

    The Tech Weekender | Top news from the world of technology this week

    iPhone 14 models go on sale, Motorola flagship launched in India, Uber hacked, and more.

  • TCS launches Mobility Cloud Suite for automakers and suppliers Sep 15, 2022 11:15 AM IST

    TCS launches Mobility Cloud Suite for automakers and suppliers

    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.

  • MC Explains | How global recession may impact Indian IT companies Sep 14, 2022 01:39 PM IST

    MC Explains | How global recession may impact Indian IT companies

    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

  • Broad industrial consumption trends are holding up, says Sandeep Bhatia of Macquarie Group Sep 13, 2022 06:57 PM IST

    Broad industrial consumption trends are holding up, says Sandeep Bhatia of Macquarie Group

    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.

  • Mcap of 7 of top 10 most valued firms climb over Rs 1.33 lakh crore; TCS, Reliance lead gainers Sep 11, 2022 02:03 PM IST

    Mcap of 7 of top 10 most valued firms climb over Rs 1.33 lakh crore; TCS, Reliance lead gainers

    Last week, the BSE benchmark advanced 989.81 points or 1.68 per cent.

  • Bengaluru’s rain-related infra woes reignite WFH debate Sep 10, 2022 09:49 AM IST

    Bengaluru’s rain-related infra woes reignite WFH debate

    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.

  • Bengaluru's rain woes will be resolved by next year, Karnataka IT minister tells industry Sep 08, 2022 10:27 AM IST

    Bengaluru's rain woes will be resolved by next year, Karnataka IT minister tells industry

    Ashwath Narayan has said the government will hold virtual meetings every month to address grievances of the industry.

  • TCS, Wipro and HCL closely monitor situation amid Bengaluru rains, caution employees Sep 06, 2022 06:59 PM IST

    TCS, Wipro and HCL closely monitor situation amid Bengaluru rains, caution employees

    Wipro is invoking plans to continue business while TCS has internally cautioned delivery teams to ensure safety.

  • IT sector active job openings in August drops 23% YoY: Xpheno Sep 02, 2022 04:52 PM IST

    IT sector active job openings in August drops 23% YoY: Xpheno

    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.

  • MC Investigation | Indian banks' repeated failures on mobile, internet platforms show the rot runs deep Aug 29, 2022 11:32 AM IST

    MC Investigation | Indian banks' repeated failures on mobile, internet platforms show the rot runs deep

    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.

  • Inflated salaries, falling margins, slowing demand: Why Indian IT companies are cutting variable pay Aug 25, 2022 10:41 AM IST

    Inflated salaries, falling margins, slowing demand: Why Indian IT companies are cutting variable pay

    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.

  • Moneycontrol Selects: Top stories this evening Aug 23, 2022 07:17 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • TCS says no delay in variable payout process, 100% being paid out in Q1 Aug 23, 2022 04:42 PM IST

    TCS says no delay in variable payout process, 100% being paid out in Q1

    A TCS statement said that variable pay is paid either in month one or two, and that there is no delay in this process.

  • Demand for IT companies to remain strong for next 18 months, experts say Aug 23, 2022 04:25 PM IST

    Demand for IT companies to remain strong for next 18 months, experts say

    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

  • Tech stocks stay in the red for 4th session, BSE IT index hits a 3-week low Aug 23, 2022 11:36 AM IST

    Tech stocks stay in the red for 4th session, BSE IT index hits a 3-week low

    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

  • Has pressure on profit margins become unbearable for IT companies? Aug 23, 2022 09:42 AM IST

    Has pressure on profit margins become unbearable for IT companies?

    As efforts to raise prices are meeting with limited success IT companies are moderating salary costs, their biggest expenditure component

  • Exclusive | Infosys cuts average variable payout to 70% for Q1 on margin pressure Aug 22, 2022 05:53 PM IST

    Exclusive | Infosys cuts average variable payout to 70% for Q1 on margin pressure

    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.

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