Infosys Chief Executive Officer Vishal Sikka said his company was not overwhelmed by the problem of automation and that it is trying to retrain its staff displaced by automation. Sikka was responding to a question on ‘what happened to the 11,000 employees’ displaced by automation at the sidelines of the World Economic Forum at Dalian […]
It’s become something of a fashion to complain about job losses in India’s big IT services firms. Companies like Infosys Ltd, Tata Consultancy Services, Wipro and Cognizant employ over a million people in the country, and have been letting go off tens of thousands this year as they grapple with slowing growth and changing business […]
IT services company Wipro Ltd said it would collaborate with commercial Linux maker Red Hat to set up what it called a “cloud application factory” to offer developers a platform to modernize cloud applications. “Wipro’s cloud application factory will have a dedicated services team that can help drive the strategy, design, and delivery of next […]
Assocham, a lobby of Indian industry, has urged the government to impress upon US President Donald Trump the extent of business activities carried on by American firms in India. Assocham’s comments come in the wake of moves by Trump to cut down on what he calls the ‘misuse of H1b visa’ program. According to the […]
There was a massive 54% increase in the number of records stolen by cyber criminals across the globe in 2016, and the expanding adoption of connected devices is increasing the danger of hacking, Wipro Ltd said in its State of Cybersecurity Report. The report found that the emergence of smart devices like connected cameras, cars, […]
IT services player Infosys again clarified that its promoters had no plans to bring down their stake in the company. “Infosys would like clarify reports in the media speculating on plans of stake sale by the promoters,” the company said in response to a decline in its share price. “This speculation has already been categorically […]
Tata Consultancy Services said it will create applications on MindSphere, the cloud-based, open IoT operating system from Siemens. IoT stands for ‘Internet of Things’ and refers to connectivity between two machines over the Internet, with zero human interface. Examples include a connection between a smart electricity meter at the customer’s home and a billing computer […]
Tata Elxsi, the Tata Group’s design and technology services company, said one of the top five carmakers in the world has licensed its driverless car software for use as part of its research and development in this direction. Further details of the deal were not disclosed. “We are delighted with this latest win for AUTONOMAI […]
It’s been anticipated for years, but today at Computex, Qualcomm announced the launch of what can be called a world war in the semiconductor business. The smartphone chipmaker said three PC manufacturers — Lenovo, HP and Asus — will start making computers with its chips inside them. The move should be particularly bitter for Intel, […]
Tech Mahindra said its revenue fell 0.8% quarter on quarter in the three months ended March to Rs 7,495 crore, while net profit fell 31% to Rs 588 cr. In dollar terms, revenue rose 1.3% quarter on quarter and in constant currency terms, it was up 0.9% QoQ. In dollar terms, operating profit fell 22% […]
Google has selected six Indian Startups for the fourth class of its ‘Launchpad Accelerator’ program, including RailYatri, RecipeBook and FastFilmz. In the six months program, they will undergo intensive mentoring from 20+ teams across Google and mentors from top technology companies and VCs in Silicon Valley. Additionally they will receive equity-free support and credits for […]
Cognizant, one of the largest employers in India, said it will let go off some of its employees and shut down some of its facilities as part of its ongoing shift away from traditional outsourcing to ‘digital transformation work’. The company said it is ‘accelerating its shift’ to ‘high value, digital transformation’ work, “while continuing […]
Tata Consultancy Services said it has opened its first research lab for drones in the US at its Seven Hills Park Innovation Center located in Cincinnati, Ohio. The lab will address the rapidly expanding demand for unmanned aerial vehicles and business Solutions across industries, the Indian IT major said. The facility will feature indoor labs, […]
Forum for IT Employees or FITE — an organization that claims to speak for ordinary IT workers — said a group of employees of Cognizant Technology Solutions will approach the office of Labour Commissioner of Chennai today. “Affected CTS employees file petition to the Labour Commissioner in Chennai,” the organization said in a communication to […]
Larsen & Toubro Infotech, which started out as a unit of construction major L&T, has rebranded itself, dropping its parent’s name from its own and projecting a more independent brand. The new logo reads ‘LTI’ in blue, bold letters with the tagline ‘Lets Solve’, and the new branding colors are blue and orange. “The new […]
Outsourced services provider Wipro Ltd said it was undergoing a rebranding to reflect its evolving business. “The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirements and drive future opportunities in this digital era,” the company said. As part of the […]
A pioneering artificial intelligence program that started getting deployed around mid-2016 has helped Wipro Ltd reduce its employee numbers by 12,000 people, the company said in its recent quarterly update. “The HOLMES platform generated productivity worth over 12,000 people,” Saurabh Govil, head of human resources for the company, said. The statistic points to a stronger-than-expected […]
Indian IT companies are bound to see “some laying off” of their work force back home due to various negative forces impacting the industry, Assocham — an association of various industries — warned. “With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’ campaign, the Indian IT […]
Employees of Wipro Ltd are nervous as the information technology giant has kicked off its annual appraisal process this month. The first of the several reviews, known as L1 or level 1, has been completed, and at least some employees are feeling the pressure. “I’ve got to know that I have been marked as NI […]
Tata Consultancy Services has reported Q4 revenue of Rs 29,642 cr, a decline of 0.3%, and said his company will wait and see about new US visa regulations that are scheduled to come out today. NEW VISA RULES On new visa regulations expected today, Gopinathan said TCS will ‘wait and see’ what kind of rules are […]
