Page 3 - It Companies

Wipro becomes 1st Indian IT firm to allow Europe employees to form union

Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany

In layoff season, Google may fire 10,000 'low performing' employees

The news on layoff at Google has come within days of a letter that hedge fund TCI, an investor in the company, wrote to Alphabet. TCI has shares worth $6 billion in Alphabet

Will acquire more firms in India, hire thousands: Insight Enterprises CEO

Software and information technology company says it will recruit in India for the next 5 years

IT hiring slowdown to hit Info Edge revenues in second half of FY23

Ongoing investments in 99acres amid rising competition may hinder profitability

Indian IT, business services market grew 7.4% in first half of 2022: Study

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

Background checks and more: How IT companies are detecting moonlighting

IT firms are increasingly resorting to background verification firms for additional checks on employees for moonlighting, says report

Top IT services firm hit the pause button on hiring amid weak earnings

However, fears of an impending recession and declining profitability have together contributed in the change of mood for these IT services companies, along with their approach

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

Wipro announces appointment of Amit Choudhary as chief operating officer

Wipro Limited announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and member of the Wipro Executive Board

Cognizant cuts revenue forecast, flags attrition impact on business

CEO says revenue and bookings below expectations, but company will return to 'accelerated growth'

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Tech Mahindra working on a policy to allow moonlighting: C P Gurnani

Employees will need prior permission; no-tolerance policy will be followed if they hide, he adds

Infosys to take shareholders' nod for Rs 9,300-crore share buyback

Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the company said in a regulatory filing. The Infosys board on October 13 had announced a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs 1,850 per equity share. "...the Company is required to obtain the approval of its Members for the Buyback by way of a special resolution through Postal Ballot or at a general meeting by providing the facility to Members to vote by electronic means. Accordingly, the Company seeks your approval for the Buyback through this Postal Ballot Notice," the filing said. The board decided to return approximately 85 per cent of the free cash flow cumulatively over a five-year period through a combination of semi-annual dividends, share buyback, special dividends etc. "The Company has engaged the services of NSDL for the purpose of providing e-voting facility to all its members. The ..

India, Australia discuss early closure of trade deal signed 7 months ago

Both nations to hold annual joint ministerial commission meeting early next year

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Kerala-based IT firms secure business leads worth Rs 80 crore at GITEX

Over 2,000 business leads worth Rs 80 crore were generated by the IT companies from Kerala which took part in the recently concluded global IT exhibition (GITEX) at the Dubai World Trade Centre in the United Arab Emirates (UAE). Thirty IT companies from the three IT parks in Kerala -- Technopark, Infopark and Cyberpark -- showcased their products and service at the GITEX. "Nearly two dozen business deals have been finalised by various companies during the 5-day event," Kerala IT Parks said in a release. The pavilion of the Kerala IT parks at the expo was organised by group of technology companies (GTech), an industry body of IT and business process management (BPM) organisations in Kerala, it said. The event attracting the best IT talent and IT solution seeking entrepreneurs from around the globe was a perfect platform to network and partner up with a number of entities. CEO of Kerala IT Parks Snehil Kumar Singh said the IT sector in the State was witnessing fast-paced growth and

Moonlighting is a conflict of interest, says IBM to its employees

IBM has asked its employees to refrain from engaging in a second job or gig in any capacity and has declared it as against the company contract

Tech Mahindra to consider interim dividend for FY23 in board meeting

The company, in its exchange filing last week, informed that the board of directors will consider a proposal for payment of interim dividend for the financial year 2022-2023, during its scheduled meet