User: vj712 Topic: Tech-Companies
Category: Tech-Companies
Last updated: Sep 04 2020 15:27 IST RSS 2.0
 
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Covid-19 may take away 200,000 IT jobs in India 4.9.2020 Rediff: Business
The sector will see a minimum of 3-5 per cent of the weight being shed in almost every IT company - particularly the big 20 - because of Covid and not performance-related issues.
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Is the worst over for the Indian IT sector? 28.7.2020 Rediff: Business
The IT industry advisories show that they think they've weathered the worst, observes Devangshu Datta.
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Top IT firms' headcount drops first time in a decade 28.7.2020 Rediff: Business
By the end of the June quarter, the top four - TCS, Infosys, Wipro and HCL Tech employed 10,15,000 employees - down by 9,144 employees over the previous quarter.
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IT biggies are favourite defensive bets in Nifty50 20.7.2020 Rediff: Business
The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market.
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Why Indian IT firms are bracing for more disruptions 8.7.2020 Rediff: Business
Most Indian IT firms work as system integrators for Huawei and though the exposure is very less as of now, the potential is more due to 5G roll out. As pressure to keep the Chinese firm out of the 5G network grows, other global firms, including Japan's NEC, South Korea's Samsung, Finland's Nokia and Sweden's Ericssion are increasing their investments to grab more market share in the telecom sector.
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Benchmark indices edge lower; Sensex dips 150 points; Nifty below 10,750 7.7.2020 DNA
Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which moved up by 1.7%, pharma by 0.8%, and auto by 0.5%.
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Visa woes: Demand for subcontractors may rise in US 26.6.2020 Rediff: Business
This is expected to benefit subcontractor firms such as Manpower Group, Randstad, Adecco, Kelly Services, Allegis Global Solutions and a host of other boutique staffing firms which supply skilled manpower to technology companies in the US.
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Donald Trump’s H-1B visa suspension won’t cripple India’s $200 billion IT sector 26.6.2020 Scroll.in - News that matters
Small steps taken by Indian IT companies over the years will pay off now.
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Sensex surges over 180 points, Nifty reclaims 10,300 level 22.6.2020 DNA
Sensex closed 179.59 points, or 0.52%, higher at 34,911.32 after touching a high of 35,213.52 and low of 34,794.40.
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Wipro's new CEO may earn up to Rs 40 cr a year 20.6.2020 Rediff: Business
Thierry Delaporte's pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). It also brings the Wipro CEO's salary on par with other top IT firms such as Infosys and Cognizant.
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Anand Mahindra's Reaction To Being On List Of "Cleanest Promoters" 18.6.2020 NDTV News - Latest
Anand Mahindra, Chairman of Mahindra Group, has been ranked at the third spot on a list of India's "cleanest promoters" in an exercise conducted by Harsh Mariwala.
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Sensex surges 224 points, Nifty reclaims 9,500-mark 29.5.2020 DNA
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
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Tech firms sweeten deals for U.S. banks cutting costs in crisis 18.5.2020 Reuters: Money News
Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the ...
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Covid-19 claims contract staff in IT services firms 16.5.2020 Rediff: Business
According to several industry sources in the know, expenses towards deploying contractual staffer, which used to account 10 per cent of the overall billable employee cost at IT firms, has fallen to around 3 per cent. IT firms typically use the contractual workers from staffing solutions providers or subcontractors.
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IT firms go aggressive on cost-cutting amid crisis 13.5.2020 Rediff: Business
Top Indian IT firms, such as TCS, Infosys, and Wipro, have signalled taking aggressive cost take-out measures, including reduction in sub-contracting costs, travel expenses, freeze in salary hikes, and holding back variable payments, among others.
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No freeze on hiring at India's top IT firms 11.5.2020 Rediff: Business
Top Indian IT services companies - TCS, Infosys, Wipro and HCL Tech - have said that they would continue to hire freshers through campus interviews, though lateral hiring will be mostly on exception basis.
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1,338 patents filed by India-domiciled cos in US in 2018-19: Report 27.4.2020 The Assam Tribune
1,338 patents filed by India-domiciled cos in US in 2018-19: Report
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Infosys suspends FY revenue forecast on coronavirus blow 21.4.2020 Reuters: Money News
(This April 20 story corrects company name to TCS in the fourth paragraph)
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No salary hike for I-T sector workers this year 18.4.2020 Rediff: Business
While industry leaders Tata Consultancy Services and Wipro have announced deferring wage-hike plans, other players such as Infosys and HCL Technologies are expected to follow suit, according to industry insiders.
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Tata Consultancy shares rise on deal wins, hiring promise 17.4.2020 Reuters: Top News
Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm's warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.
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