With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country’s software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper. “IT […]
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 […]
Wipro Ltd, one of India’s top employers, refused to confirm the exact number of people that it was laying off as part of its annual appraisal process. “It is part of the internal appraisal process,” company officials said, refusing to go into further details. The media had reported that the company was laying off around […]
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 […]
Infosys Chief Executive Officer Vishal Sikka said the company’s performance in the January-March period was below his expectations for various reasons. “It is a challenging performance,” Sikka said in a post-result press conference. “We were expecting a higher number,” said, adding that the situation in the last quarter will have some impact on the new […]
Infosys Ltd said it expects its revenue to grow by a modest 6.5-8.5%, stripped off the impact of currency movements, in the year that started this month. The street was expecting a guidance of 7-9% growth. The guidance is well below the traditional guidance range of low two digit percentages. Last year, it had guided for a growth […]
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the […]
Fitch Ratings has withdrawn its ratings on India-based Rolta India Limited, after the Indian IT company said it was no longer interested in continuing with the arrangement. “Fitch is withdrawing the ratings as Rolta has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the rating. […]
Weeks after acquiring Appirio, Wipro is at it again. This time, it is buying InfoSERVER, an IT services provider focused on the Brazilian market, for $8.7 Mn (Rs 60 cr). Two-decade old InfoSERVER provides custom application development and software deployment services, the company said. It counts some of the largest Brazilian banks as its clients, […]
IT services provider Tech Mahindra opened a new facility in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services. The new centre would employ around 150 engineers over the next three years and will help the company deliver technology services to clients in Ireland as […]
Tata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed. The statement from Rajesh […]
Tata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to the position of CEO. Former CEO Chandrasekaran has […]
Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software. Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company. DB Logistics offers land, sea, and air transport and contract logistics. Rail transport within DB Logistics […]
