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It Industry

IT company Infosys

Infosys Warns Employees Of Moonlighting In Email, Says 'No Double Lives'

The company has urged managers to sensitize their teams on dual employment and the "consequences" of moonlighting

13 September 2022

IT Spends In Good Shape; See Continued Strength In US, European Markets: Infosys CEO

Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the macroeconomic environment as "these are things one has to...


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L&T Infotech Profit Rises 27.6% To Rs 633 Crore In April-June

The consolidated income from operations of Larsen and Toubro Infotech (LTI) increased by 30.62 per cent to Rs 4,522.8 crore during the reported quarter from Rs 3,462.5 crore in the June quarter last year


IT Sector

Indian IT Companies Brace Themselves As US Fed Warns Of Rate Hikes To Curb Inflation

The rate hikes could spell bad news for the Indian IT companies which earn a large chunk of their revenue from companies in the US

01 September 2022

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India's Startup Story Intact, Tech Innovation Vibrant, Relevant: HCL Tech CEO C Vijayakumar

The comment by the Indian IT major HCL Technologies' top honcho comes at a time when investments and venture capital deal volumes in the startup space have started to taper, as investors turn wary of committing large cheques...


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After Google’s Hiring Slowdown Missive, Microsoft Announces Job Cuts

A spate of layoffs by tech majors like Twitter, Microsoft, and Netflix and slowing down of hirings by Google, Meta, Spotify and Uber is worrying existing and prospective employees

14 July 2022

IT company Infosys

Infosys Reduces Average Variable Pay To 70% For June Quarter Amid Margin Squeeze

According to the sources, Infosys has reduced variable payout for the June quarter or Q1 FY23 to about 70 per cent and the employees have been informed about the same

22 August 2022

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With the demand for SaaS products going up, there has been a surge in the number of players fighting over the same market

Why Indian SaaS Start-Ups Continue To Be Sizzling Hot In Funding Winter That's Killing Many

The pandemic spurred the demand of SaaS products and the expansion in the number of offerings—both horizontal and vertical—in the space is a good reflection of that

09 July 2022

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30 June 2022
Corporate Salary Hike: Tech Mahindra CEO Joins Peers, Salary Hiked By 189% In FY22

Corporate Salary Hike: Tech Mahindra CEO Joins Peers, Salary Hiked By 189% In FY22

Among Gurnani's peers, TCS chief Rajesh Gopinathan saw a 26 per cent rise in his compensation to Rs 25.75 crore in FY22, while Infosys' Salil Parekh witnessed...


06 May 2022
L&T Infotech, Mindtree Merge Into Single Entity 'LTIMindtree'

L&T Infotech, Mindtree Merge Into Single Entity 'LTIMindtree'

Upon the scheme becoming effective, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of...


05 May 2022
Cognizant Net Income Up 11.48% To $563 Million In March Quarter

Cognizant Net Income Up 11.48% To $563 Million In March Quarter

Cognizant also said it plans to hire over 50,000 freshers from campuses in India and expects to cross the revenue of $20 billion this year.


27 April 2022
Merger Deal Between L&T Infotech, Mindtree Might Take Place Next Week: Report

Merger Deal Between L&T Infotech, Mindtree Might Take Place Next Week: Report

The report said that with the deal, the L&T infotech will surpass Tech Mahindra, to become the fifth-largest IT company in terms of market capitalization. 


26 April 2022
Wipro To Acquire Rizing For About $540 Million

Wipro To Acquire Rizing For About $540 Million

US-based Rizing is the latest in a series of acquisitions by Wipro, underscoring the company's ambitious growth agenda.


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18 April 2022
Wipro Appoints Satya Easwaran As India Head

Wipro Appoints Satya Easwaran As India Head

Easwaran will be in charge of strengthening Wipro's business in India across key industry sectors through strategic consulting, transformation and...


18 April 2022
Bosch India Touches 10-Million Mark In Production Of ABS, ESP Units At Pune Facility

Bosch India Touches 10-Million Mark In Production Of ABS, ESP Units At Pune Facility

The company introduced the ABS for passenger cars in 1978 and since then, it has developed it's ABS further to offer smaller, lighter, and more powerful...


18 April 2022
L&T Infotech Slumps Over 3% After Talks Of Merger With Mindtree

L&T Infotech Slumps Over 3% After Talks Of Merger With Mindtree

L&T is considering the merger of both its subsidiary, into a $22 billion firm. At 3:23 pm, stocks of L&T Infotech were down by 2.3 per cent at Rs 5,884.


15 April 2022
SAP Transitioning Into A Cloud Company, Says India MD Kulmeet Bawa

SAP Transitioning Into A Cloud Company, Says India MD Kulmeet Bawa

From turning its attention to start-ups and the long tail of fintech to building a robust cloud ecosystem, SAP India is poised to reinvigorate itself in India,...


01 April 2022
National Cyber Security Strategy 2021 Draft Formulated By NSCS: Rajeev Chandrasekhar

National Cyber Security Strategy 2021 Draft Formulated By NSCS: Rajeev Chandrasekhar

The government is fully cognizant and aware of the various cyber security threats, and has taken a number of measures to mitigate citizens' vulnerability to...


28 March 2022
Adani Group, Google Cloud Partner To Modernise IT Operations

Adani Group, Google Cloud Partner To Modernise IT Operations

The strategic collaboration will tap each organization's expertise across infrastructure, technology, and industry solutions to modernize Adani Group's IT...


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27 March 2022
Engineering, Telecom, Healthcare To Add 12 Million Jobs By FY26: Report

Engineering, Telecom, Healthcare To Add 12 Million Jobs By FY26: Report

The report is qualitative research that has surveyed and interviewed more than 750 employers/ leaders from across engineering, telecom, and healthcare...


07 March 2022
Microsoft To Set-up 4th Data Centre At Hyderabad

Microsoft To Set-up 4th Data Centre At Hyderabad

The company will set-up the data centre at Hyderabad, which comes in addition to the existing three facilities located in Pune, Mumbai, and Chennai.


04 March 2022
Services Sector Activities Expand Modestly In February, Says Survey

Services Sector Activities Expand Modestly In February, Says Survey

Reflecting a moderate rate of expansion, the seasonally adjusted IHS Markit India Services Business Activity Index rose to 51.8 in February from 51.5 in...


27 February 2022
L&T's CSR Spend At Rs 150 Crore In FY2021-22

L&T's CSR Spend At Rs 150 Crore In FY2021-22

The company said in building India's social infrastructure, the aim is to improve the quality of life, mitigate social inequalities, build self-sufficiency and...


16 February 2022
Companies Must Pursue Innovation, Focus On Becoming Sustainable, Says Wipro CEO

Companies Must Pursue Innovation, Focus On Becoming Sustainable, Says Wipro CEO

Delaporte noted that the client experience is now going beyond the technical aspects of a solution, onto social and environmental aspects as well.


23 January 2022
TCS Canada Aims To Grow In Double Digits As Demand For Digitisation Surges

TCS Canada Aims To Grow In Double Digits As Demand For Digitisation Surges

 TCS Canada, a wholly-owned subsidiary of India's largest IT exporter dedicated to serve the market, had a turnover of Rs 6,268 crore in FY21.


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