View: Don’t jump the gun in Infosys governance row

By Rishikesha T Krishnan The first time I heard of Infosys was about 30 years ago. I was working in my father’s company at that time, and I attended a meeting organised by the Electronics and Computer Software Export Promotion Council at Bangalore to promote software exports. One of the key speakers was a bespectacled … Read moreView: Don’t jump the gun in Infosys governance row

India’s IT services vendors wary of making long-term commitment to single vendors: GlobalData

Bengaluru: The evolving digital economy is leading to smaller and shorter deals for IT services vendors in India, which could reflect the fact that enterprises are increasingly becoming wary of making a long-term commitment to a single vendor, according to GlobalData, a data and analytics company. GlobalData said that the average outsourcing contract deal size … Read moreIndia’s IT services vendors wary of making long-term commitment to single vendors: GlobalData

Government to consider TCS, Infosys proposals to set up SEZ on November 15

NEW DELHI: The government will consider on Friday the proposals of TCS and Infosys to set up special economic zones (SEZ) in IT sector. The proposals will be taken up by the Board of Approval, the highest decision making body for SEZ, in its meeting on November 15. The inter ministerial body is chaired by … Read moreGovernment to consider TCS, Infosys proposals to set up SEZ on November 15

Infosys submits applications with RoC in ex-CFO’s severance agreement matter

NEW DELHI: IT firm Infosys on Friday said it along with some current and former executives has submitted applications with the Registrar of Companies in the matter related to severance agreement with former CFO Rajiv Bansal. Infosys said it has applied for compounding “to put this legacy matter to rest”. “The company (along with certain … Read moreInfosys submits applications with RoC in ex-CFO’s severance agreement matter

Not Rs 25,000-cr, FM actually gave us a Rs 1,25,000-cr boost: Vishal Kampani

Normally, construction costs are 20% of sales. So if Rs 25,000 crore is the number which is going to complete these projects, you are going to release almost Rs 80,000-100,000 crore of cash flow in the system, says Vishal Kampani, Group MD, JM Financial. Excerpts from an interview with ETNOW. The Finance Minister has announced … Read moreNot Rs 25,000-cr, FM actually gave us a Rs 1,25,000-cr boost: Vishal Kampani

Infosys to hire more freshers, targets $150 million in cost savings

BENGALURU: Infosys is looking to cut costs by $100-$150 million this financial year, as it hires freshers to reduce employee costs and rejigs roles for middle and senior management, a top company executive said at an analyst meet. The company’s margins have dropped significantly under CEO Salil Parekh, as it boosted investments to drive growth. … Read moreInfosys to hire more freshers, targets $150 million in cost savings

CITU condemns mass retrenchment of IT employees

NEW DELHI: Central trade union CITU on Wednesday expressed concerns over the “mass retrenchment” of employees in large players IT players in the country. Cognizant has said it will layoff as many as 7,000 people across its operations, including India. It is also exiting its content operations business that will impact another 6,000 roles. There … Read moreCITU condemns mass retrenchment of IT employees

Infosys Fires Non-Performing Employees: Report

Infosys gives its non-performing techies sufficient time to shape up before being asked to go. Bengaluru:  The country’s second largest software services company – Infosys – has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday. “As a high performance organisation, involuntary attrition … Read moreInfosys Fires Non-Performing Employees: Report

TCS plans to remove digital classification from its business

MUMBAI: Tata Consultancy Services (TCS) plans to remove the digital classification in its business from next fiscal as components of its digital services portfolio are increasingly becoming a part of most deals won recently, top executives said. Digital services such as artificial intelligence, analytics and blockchain are now integrated into most digital transformation projects for … Read moreTCS plans to remove digital classification from its business

No perceivable inconsistency in Infosys data points: ICICI Securities

BENGALURU: A Mumbai-based brokerage firm said there is “no perceivable inconsistency” in key data points shared by Infosys as alleged by anonymous whistleblowers in a recent letter. This report comes at a time when the USSEC has initiated an investigation. ET reported that a group calling themselves ‘ethical employees’ had filed a whistleblower statement with … Read moreNo perceivable inconsistency in Infosys data points: ICICI Securities

IT looks to up interactive share in revenue mix

BENGALURU: Technology services companies such as Tata Consultancy Services (TCS), Cognizant and Wipro are taking different paths to succeed in the interactive business focused on advertising and marketing, an area in which they have had little previous experience. The interactive business requires more design as well as user interaction and experience building to hook end … Read moreIT looks to up interactive share in revenue mix

More and more IT professionals looking for a new job

NEW DELHI: Many in leading technology services companies seem to be unhappy with the increments handed out to them in the last annual appraisal cycle (June-July), leading to a nearly 3x jump in the number of IT professionals searching for jobs, show the findings of a survey. The dipstick study, ‘The Rise in Active Job … Read moreMore and more IT professionals looking for a new job

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