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IT firms News

21 May 2023

67% Of Indian Firms To Outsource Key Security Functions As Cyber Attacks Spike

About 72.5 per cent of the enterprises said they use threat intelligence products or services in their organisation, and 26.5 per cent said that they plan to implement it in the next two years.

14 May 2022

WFH ending for TCS, Infosys, HCL employees? Check the latest update

TCS is following a ’25X25 model’. It is also setting up occasional operating zones. HCL is another company that is also shifting to a hybrid model.

25 Aug 2021

IT firms told to extend Work From Home till next Dec in THIS state

Karnataka govt has told IT firms to extend WFH till next December The govt has asked IT companies to encourage their required staff to use public transport or company vehicles

Mutual fund industry

30 May 2018

MFs bet big on IT sector; exposure soars to all time high in April

Since January, MF houses have increased weight on the sector, which gets a major chunk of its revenues in US dollars.

07 Jun 2017

Committed to 6.5-8.5% revenue growth: Infosys COO

IT services giant Infosys on Tuesday said it remains "committed" to its guidance of 6.5-8.5 per cent revenue growth this year even as some clients ask for projects to be carried out at 30-40 per cent lower costs than before.

Indian IT industry

01 Jun 2017

Narayana Murthy tells IT honchos to take less salary and avoid layoffs

Seeking to allay fears of slowdown in the Indian IT industry affecting jobs of techies, software major Infosys co-founder N.R. Narayana Murthy on Thursday advised executives to take home less pay and avoid lay-offs at the middle and lower rungs.

12 May 2017

No mass layoffs; workforce realignment happens every year: Nasscom

Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.

11 May 2017

After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground

After Infosys and Wipro, it's now IT firm Tech Mahindra that could hand out pink slips to hundreds of employees as it looks to "weed out bottom performers".

08 Feb 2017

Infosys defends pay hike to Vishal Sikka, says decision in company's interest

IT major Infosys on Wednesday defended pay hike to chief executive Vishal Sikka and the severance package of two former senior executives saying all decisions were made "in the overall interest of the company", amid reports of simmering differences between the CEO and its founders.

19 Feb 2016

Silicon Valley wants 'dramatic expansion' of H1-B visa: Veritas CEO

With IT firms struggling to find quality and right number of professionals, a top American CEO has called for a "dramatic expansion" of the H-1B visa scheme -popular among Indian tech firms- to meet the growing demand.

06 Oct 2015

Angela Merkel arrives in Bengaluru, will talk technology

Karnataka Chief Minister Siddaramaiah greeted Merkel on her arrival at the Kempe Gowda international airport with a shawl and a bouquet of flowers.

Software Technology Parks of India

04 Oct 2015

STPI to sponsor over 100 start-ups for CeBIT show

To promote domestic start-up companies, state-run Software Technology Parks of India (STPI) will sponsor over 100 such new age IT firms during the three-day CeBit India exhibition, which is scheduled to begin from October 29 in Bengaluru.

30 Sep 2015

TCS, Wipro, Infosys and others form consortium to penetrate Chinese market

In a significant initiative to break into the highly-regulated Chinese market, five top Indian IT firms have for the first time formed a consortium to work on big-ticket projects planned by China's southwest Guizhou province, which includes a major cloud-based data centre.

25 Sep 2015

Silicon Valley perfectly poised to help transform India: USIBC

The Silicon Valley is perfectly poised to help transform India into a more networked and connected society, a top American industry advocacy Friday said.

14 Sep 2015

Shiv Nadar, Sanjay Kalra line up $500 mn to buy IT firms

The investment firm, Shiv Nadar & Sanjay Kalra Associates LLP (SNSK), will focus on healthcare technology investments.

18 Jun 2015

India IT behemoths revamp culture to attract young talent, battle start-ups

Those young set-ups say they go beyond cookie-cutter solutions and argue that they do the job more quickly and for less.

13 Feb 2015

AAP in talks with IT cos for Wi-Fi in Delhi

The initial talks are being held by party volunteers, many of them holding senior positions in IT companies, to make the process easy for the bureaucrats once the new government starts implementing the promises made by AAP.

10 Jan 2015

Lay-off by IT firms matter of serious concern: Dattatareya

Voicing concern over lay-offs in some IT firms, besides labour troubles in Nokia and Foxconn in Tamil Nadu, the Centre today said it will adopt "conciliatory approaches" when the issues reach them as these matters are handled by state governments.

15 Sep 2014

Mastek eyes Rs 900 cr revenue in FY'15

Mastek, Mumbai-based listed IT firm, is looking at increasing its annual revenue to Rs 450 crore each from global insurance and non-insurance businesses in the current fiscal.

15 Sep 2014

Mastek shares zoom over 16% on demerger plan

Shares of IT firm Mastek soared over 16 percent today as the board of directors of the company approved demerger of insurance products and services business into a separate listed company.

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