Page 6 - Indian It Firms

War-rooms and oxygen: India's IT companies scramble to handle Covid surge

Workers at huge technology service providers Accenture and Wipro say teams are working 13-14 hours daily, under growing pressure and struggling to deliver on projects

Tech firms reach out to employees as Covid-19 cases rise in India

Companies are advising employees not to venture out of their homes and give prominence to the health and safety of the family

Infosys net profit rises 17.5% in Q4, announces Rs 9,200-crore buyback

FY22 revenue growth forecast at 12-14%

TCS Q4 net profit jumps 15% to Rs 9,246 crore; revenue at Rs 43,705 crore

The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric

IT major Wipro appoints Sarah Adam-Gedge as MD for Australia, New Zealand

IT services major Wipro Ltd on Tuesday said it has appointed Sarah Adam-Gedge as Managing Director for its Australia and New Zealand (ANZ) operations. She has worked in project and service-based consultancies for more than 25 years across Australia and New Zealand, Asia-Pacific, Middle East and Africa and Latin America, a regulatory filing said. Adam-Gedge has proven experience in leading digital transformation initiatives for large organisations globally with a successful track record of driving growth, profitability, business agility and managing successful relationships with customers and the influencer ecosystem, it added. "As the P&L leader for ANZ, Sarah will focus on Wipro's vision for business growth, revenue expansion, client relationships, talent development, industry connects and brand building," it said. Prior to joining Wipro, she has held various senior executive roles as Managing Director of Publicis Sapient Australia, Managing Director of Avanade Australia, ...

Infosys appoints Chitra Nayak as independent director

IT services major Infosys on Wednesday announced the appointment of former Salesforce executiveChitra Nayak as an independent director. Her appointment, effective March 25, 2021, is based on recommendation of the Nomination and Remuneration Committee of the Infosys Board, a regulatory filing said. The appointment is for a period of three years, subject to the approval of shareholders, it added. Nayak has over 25 years of professional experience in go-to-market, general management, and operations leadership roles at various organisations. She currently serves as a member of the board at Invitae, a medical genetics company; at Morneau Shepell, a tech-enabled HR services company; at Forward Air, a freight and logistics company; and at Intercom, a messaging platform company, the filing said. She also advises startups on go-to-market strategies. Most recently, she was the Chief Operating Officer (COO), overseeing the go-to-market strategy at Comfy, a real-estate tech startup. Previou

TCS to announce salary hikes for FY22, second for company in 6 months

With salary hike in Financial Year 2021-22, TCS employees will get around 12-14 per cent average increment in six months' time

On track to bring in more new hires in Q1 2021 than ever before: Cognizant

Cognizant has stepped up its hiring efforts for both freshers and lateral hires in the country

HCL Technologies signs 5-year agreement with Airbus, plans expansion

The deal will help HCL expand its global footprint, especially in France, Germany and Spain. As part of the deal, the IT major will deliver multiple services from its centres in France

TCS market capitalisation touches all-time high of Rs 12 trillion

Currently, TCS is India's second most valuable firm after Reliance Industries (RIL) which has a market cap of nearly Rs 12.9 trillion (includes market cap of partly-paid up shares)

Trump's biggest H-1B changes blocked: What it means for Indian techies

A US court has blocked two H-1B regulations proposed by the Trump administration to restrict the ability of American companies to hire foreign employees

Best of BS Opinion: Increasing visa hurdles, Trump vs Biden, and more

Here's a selection of Business Standard opinion pieces for the day

IT firms to expand localisation drive as US proposes more work visa hurdles

Indian IT firms say workplace-independent model, local hiring will help them meet challenge

Increasing visa hurdles

Doing business in the US is getting harder

20 new IT firms have set up operations in Kerala amid easing of curbs

Amid easing of lockdown curbs, at least 20 new IT firms have set up operations in Kerala and five existing firms have sought more space as part of their expansion plans, the state government said

Consistent revenue growth to remain key for Mindtree stock: Experts

Its ability to support current margin may support the valuation

Indian IT firms to gain as US court blocks Trump ban on H1B, work visas

Order says US President "exceeded his constitutional authority" in his move to ban issuance of non-immigrant visas aimed at creating more employment for American locals

'Trump exceeded constitutional authority': Three key updates on H-1B visa

Donald Trump's order to enforce ban on US companies' favourite visa, H-1b, has been blocked by a US federal judge

IT firms must focus on problem recognition and solution mindset: Murthy

Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent

Indian IT companies to see a re-rating similar to FAANG stocks: Edelweiss

Thus far in CY20, the Nifty IT index has risen 15.5 per cent as compared to over 5 per cent decline in the benchmark Nifty50 index.