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Galwan Valley clash: Indian IT services companies in wait-and-watch mode

Indian IT industry is one of the biggest Indian employers in China, with around 22,000 employees in the country, including locals as well as expatriates.

Infosys expects 35% of staff to work from home amid Covid-19 crisis

More than 90 per cent of staffers of most IT services firms are working from home. The companies are in no hurry to bring them back despite the relaxation in lockdown.

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

US-based Freshworks Inc announces strategic partnership with TCS

TCS will provide its global experience with extensive market presence and deep contextual knowledge of customer engagement, and digital offerings built on its Business 4.0 thought leadership framework

Allowing 75% of TCS staff to WFH by 2025 a guesstimate: N Chandrasekaran

The firm said it was rewiring its security processes, and deploying artificial intelligence and bots to ensure there is no data leakage in its pursuit for providing seamless work from home experience.

TCS extends gains into third day, hits three-month high ahead of AGM

Thus far in the month of June, it has rallied 8 per cent, as compared to 7 per cent rise in the S&P BSE Sensex

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.

Covid-19 crisis: Wipro sees short-term impact on gross profit margin

In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.

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.

Hired over 20,000 employees in US in last 5 years: TCS' Milind Lakkad

America accounted for 52.2 per cent of TCS' Rs 1,56,949 crore revenue in 2019-20, while 30.6 per cent revenue came from Europe.

Avenue Supermarts now 11th most valued Indian firm by market capitalisation

At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.

Fighting coronavirus: It's a mixed bag for Indian firms in Britain

Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze

Covid-19 crisis: IT services companies pad up to reopen offices for staff

Apart from issuing guidelines for employees with dos and don'ts, the companies are using technology-led solutions to ensure social distancing at workplaces.

IT firms form teams to chase revenue streams emerging from Covid-19 crisis

Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.

Top 10 biz headlines: RIL results, FMCG mkt to see 'slowest' growth & more

Here are the top 10 business headlines this morning

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.

Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products

Firms drawing higher revenue from software products and platforms have edge over peers

Reliance Jio connects with Facebook for $5.7-billion equity deal

Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive

Coronavirus lockdown keeps companies' yearly, quarterly results in limbo

Till April 19, only 41 out of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.

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.