Page 15 - It Companies

Covid-19 impact: IT services let go of contract staff to reduce bench

In the last few years, subcontracting costs for most IT firms have also increased manifold due to protective measures around issuance of H1-B work visas

IT firms to continue hiring freshers despite coronavirus pandemic

The move is likely to help in containing costs by improving the employee pyramid; lateral hiring likely to be on need-basis

Cognizant posts 17% drop in net profit; Covid-19 to impact Q2 numbers

Among verticals, the highest growth in revenue during the quarter came from communications, media and technology, which grew 5.2 per cent to $626 million

Revenue bites: IT firms go aggressive on cost-cutting amid Covid-19 crisis

Travel expenses trimmed and salary hikes put on hold as industry fights slowdown and demand uncertainty

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

Covid-19 impact: Kerala announce relief measures for IT, ITeS companies

The government has waived rent for the months of April, May and June 2020 for all IT and ITeS companies which have taken upto 10,000 sq ft of space on rent

Over 1 mn IT employees to work from home post-lockdown: Kris Gopalakrishnan

The former CEO and Managing Director of Infosys said he does not see job losses in the IT sector

Covid-19 impact: Gurugram MNCs may have to work from home till July-end

The Gurgaon district administration had issued an advisory in mid March asking MNCs, BPOs, IT companies, corporates and industries to allow work from home

Trump to suspend immigration temporarily, Indian IT industry awaits details

Amid the ongoing pandemic, unemployment claims in the US have risen exponentially

Cognizant hit by 'Maze' ransomware attack, says clients facing disruption

The incident comes at a time when businesses have been disrupted by coronavirus pandemic that has forced companies to turn to initiatives like work from home

Do not lay off, instead cut salaries: Karnataka Govt to IT, BT Cos

The Deputy Chief Minister said the IT and BT industry leaders are extremely happy with regard to the support system or backup given by the government of Karnataka

Coronavirus impact: Mid-tier IT companies at more risk than big players

Exposure to smaller clients and dependence on higher number of small deals could be seen as weak links for the firms in the current environment.

Coronavirus outbreak pushes up demand for scenario planning by IT firms

Global retail, manufacturing, pharma firms turn to AI-led simulation services to better anticipate the future

Coronavirus lockdown: IBM India says 99% workforce now working from home

The company provided the option to work remotely to most of its employees even before countries began going under lockdowns

Cognizant withdraws FY20 revenue growth guidance amid coronavirus lockdown

Firm builds up war chest by drawing down $1.7 bn worth of revolving credit

Micron Tech to donate PPEs, ventilators to help India fight coronavirus

India is one of five countries prioritized to receive grants from Micron Foundation's global relief fund

Capgemini tweaks its leave policy in India amid coronavirus lockdown

Forum for IT Employees (FITE), a self-proclaimed union for IT employees, has alleged that the company has taken such steps in order to "compensate for business loss owing to the nationwide lockdown".

Hiring of IT freshers by firms may be delayed amid coronavirus outbreak

Since most IT firms anticipate a demand slowdown in the coming quarters, hiring from tier-III and IV engineering colleges through walk-in interviews is going take a massive hit in 2020

Best of BS Opinion: Economies after Covid-19, tough times for IT, and more

Business Standard opinion pieces for the day talk about the fiscal and other aspects of the pandemic.

Tough times for IT

Companies have to rejig their business model