Page 4 - Indian It Industry

Unsure of hiring fresh graduates, IT companies venture off campus

The technology industry is one of the largest recruiters for fresh graduates in the country.

Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

Indian IT firms may report 5-9% contraction in revenues for June quarter

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

IT companies jittery over Donald Trump's plan to suspend H-1B visa

The Indian information technology industry, which has long been a beneficiary of the H-1B visa regime, is likely to be directly impacted if such a suspension is announced for a longer term.

Wipro's outgoing CEO Abidali Neemuchwala sees 12% rise in pay package

In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.

Nasscom for policy tweak to enable longer work-from-home scenario

Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.

Covid-19 may slow India IT and business service growth to 6.5% in 2020: IDC

The IT and business services market grew by 8 per cent annually in the second half of 2019

TCS snatches most-profitable tag from Reliance Industries after 6 years

The Mukesh Ambani-controlled conglomerate, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and m-cap.

Mindtree Q4 net profit up 4% to Rs 206 crore, flags coronavirus concerns

For Q4FY20, Mindtree posted a net profit of Rs 206.2 crore, a rise of 3.9 per cent year-on-year basis and 4.7 per cent sequentially.

TCS net profit flat at Rs 8,049 crore in Q4; freezes salary hike

The numbers are largely in line with street expectations. Brokerages (on an average basis) expected net profit or profit after tax (PAT) for the quarter to fall 0.3 per cent QoQ to Rs 8,095.4 crore.

Wipro suspends Q1FY21 revenue guidance as coronavirus crisis hits business

The company joined some of its peers to flag the uncertainty arising out of the pandemic and refrained from giving any revenue guidance for the first quarter of FY21

Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

IT sector braces for a rough ride as ISG predicts delay in client spending

According to ISG, the demand contraction is likely to be felt the most in the second quarter (April-June) period of this year, leading to decline in annual contract value (ACV) of IT services firm

Cut ops: US, Europe firms tell tech vendors in India amid Covid-19 outbreak

Experts say hospitality, manufacturing clients may hold back spends

Nasscom sees IT industry revenues growing at 7.7% in FY20 at $191 billion

The industry body remains cautiously optimistic about growth in FY21

Indian IT company accused of discrimination against foreigners in jobs

American national Tami Sulzberg alleges that at least 90 per cent of the US workforce of San Jose-based Happiest Minds, whose headquarters is in Bangalore, are South Asians, primarily from India

India market for computer services to grow faster than their exports: Study

The computer services industry in India is increasingly catering to the domestic market, stated the report by the United Nations Conference on Trade and Development

Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more

From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday

Indian IT opts for nearshoring due to stricter H-1B visa norms under Trump

Canada and Mexico emerge as preferred nearshore destinations for Indian IT firms

Indian IT's big four: Will the next decade be as good as the previous one?

The coming decade will be more challenging; only those that foresee change and adapt quickly will remain this strong