IT outsourcing company Infosys said it has been chosen as a partner by lift-maker KONE for developing and maintaining its enterprise resource planning or ERP system. Infosys has been able to “transition, elevate, evolve and transform” KONE’s ERP service delivery and landscape, said Nitesh Banga, Senior Vice President and Global Head of Manufacturing, for the […]
IT services provider Wipro said it has been awarded a seven-year contract by European energy company Innogy SE to manage their data center and cloud services. Wipro will help the company, which focuses on renewables, grid & infrastructure and retail, to rationalize, virtualize and consolidate their IT infrastructure, the Indian company said. The Bangalore-based firm […]
IT company Cyient said it signed an agreement to divest its 49% equity ownership in IASI, its joint venture with Pratt & Whitney, as it exits its IT services business. The Indian company will get $1.8 mln for the stake from United Technologies Corporation, the buyer, after a dividend disbursement of $9.1 mln from the […]
Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team. As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the productivity of McLaren’s fast growing automotive and high-tech businesses. Wipro has been given the title of […]
Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world’s biggest producers of stainless steel. Shares of the company were marginally higher at 299 rupees, up 0.6%. In 2014, the Finnish company had given a somewhat similar contract to the Bangalore-based firm, but the latest deal […]
IT solutions provider Wipro said it won a five-year IT infrastructure and applications managed-services contract from Grameenphone, the Bangladesh telecom operator owned by Norway’s Telenor. Under the agreement, Wipro will manage the entire IT infrastructure of the largest mobile telecommunications operator in Bangladesh. It will be in control of end-to-end application development and management, infrastructure […]
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 […]
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 […]
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 […]
Cognizant, the low-margin, high-growth IT services company, seems to also have fallen prey to the ongoing slowness in the IT outsourcing sector. The company reported revenue growth of just 2.5% — less than that of Infosys — for the third quarter of this calendar year. Infosys had reported a growth of 3.5% in dollar terms, […]
Tired of getting stuck with fresh recruits who do not have required skills, outsourcing companies in India, along with industry body Nasscom, have launched a new finance and accounting course. The course, created with the support of Business Process Management companies across the country, will help students in pursuing the finance & accounting occupation in […]
Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions. These divisions are ‘digital’, IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar. “Unique to Persistent, the […]
Wipro Ltd said the number of employees leaving the company of their own accord fell to 16.3% in the year 2015 from 16.5% in 2014. Much of the improvement came from the BPO unit, where attrition fell below 10% for the first time in many quarters. For the calendar year 2015, Wipro’s BPO division saw […]
Mphasis, a leading IT services provider, said it has signed a definitive agreement to transfer a significant portion of its domestic business, subject to regulatory approvals, to Hinduja Global Solutions (HGS), a global BPM leader in optimizing customer experience for clients. In a separate statement, HGS said the move will add 7,000 “customer experience professionals” […]
TCS’ fourth quarter results look decent on the fact – revenue grew 1.9% in dollar terms compared to the preceding quarter, and profit was up 2.5%. The company blamed poor India performance in its press conference. However, there is more to it that just poor India numbers. First, after a seasonally weak quarter in the […]
