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It Sector

What Is Moonlighting? Here’s Why Wipro Fired 300 Employees For Doing It

Wipro is not the only company that has raised concerns against 'moonlighting', a few days ago, even IBM warned against the latest trend

22 September 2022

Rajasthan Digifest 2022: An Initiative To Make IT For The People, Of The People, By The People

Chief Minister Ashok Gehlot, who visited the festival and interacted with startups and young entrepreneurs, said that by making Rajasthan an IT hub of the country he is fulfilling the dream of former Prime Minister late...


Infosys CEO Salil Parekh Sees Moderation In Attrition Over Coming Quarters

The comment of Infosys top honcho assumes significance as soaring level of attrition, leading to higher employee costs, is denting the profitability of IT players


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 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


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...

09 August 2022

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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Work From Home: Centre Announces New Rules, Check Them Here

Work From Home is now allowed for a maximum period of one year. However, the same may further be extended for one year at a time by the DC on the request of units.

20 July 2022

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17 July 2022
India's Startup Story Intact, Tech Innovation Vibrant, Relevant: HCL Tech CEO C Vijayakumar

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...


14 July 2022
L&T Infotech Profit Rises 27.6% To Rs 633 Crore In April-June

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...


14 July 2022
After Google’s Hiring Slowdown Missive, Microsoft Announces Job Cuts

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...


13 July 2022
Mindtree net profit jumps 37% at Rs 471.6 crore in April-June

Mindtree net profit jumps 37% at Rs 471.6 crore in April-June

The company had reported a net profit of Rs 343.4 crore in the corresponding quarter of the previous fiscal


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...


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21 June 2022
Operating Profit Growth Of Listed Firms Decelerated In Q4 Of FY22: RBI Data

Operating Profit Growth Of Listed Firms Decelerated In Q4 Of FY22: RBI Data

The operating profit of manufacturing companies decelerated sharply to 7 per cent in the fourth quarter of last fiscal as against 70 per cent in the...


10 June 2022
PM Modi Inaugurates Indian Space Promotion and Authorisation Centre Headquarters In Gujarat’s Ahmedabad

PM Modi Inaugurates Indian Space Promotion and Authorisation Centre Headquarters In Gujarat’s Ahmedabad

PM Narendra Modi, while inaugurated the headquarters of the Indian Space Promotion and Authorisation Centre (IN-SPACe) said the government has initiated...


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.


04 May 2022
Indian Services Exports At Record High $254.4 Billion In FY2021-22

Indian Services Exports At Record High $254.4 Billion In FY2021-22

Telecommunications, computer, and information services, other business services, and transport are the top contributors to the exports.


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. 


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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.


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.


18 April 2022
Infosys Shares Slump On Weak March Quarter Earnings

Infosys Shares Slump On Weak March Quarter Earnings

The revenue for the period under review stood at Rs 32,276 crore, up 20 per cent year-on-year and 1.2 per cent quarter-on-quarter.


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,...


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