Page 6 - It Industry

Service sector growth at three-month low in Dec due to Covid: PMI survey

PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors

Faqir Chand Kohli: All you should know about the 'Father of Indian IT '

Kohli was the founding chief executive of sector leader TCS and pioneered the country's 'Technology Revolution' which helped India build its USD 100 billion IT industry

TCS founder, Indian IT industry pioneer FC Kohli passes away at 96

"Kohli was the true pioneer of Indian IT. We have all followed in his footsteps. His contribution to the IT industry and thus to India is immeasurable," Wipro Chairman Azim Premji said in a statement

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Indian IT services firms in wait-and-watch mode after Joe Biden's victory

Technology industry leaders are awaiting policy changes under the new regime once Biden assumes charge as President in January

Relaxation of WFH norms will create jobs in small towns, says industry

Unlike the IT-services industries, the transition into WFH was not smooth for the ITeS sector.

Rules to facilitiate work from anywhere for IT-BPM sector long term: Execs

The relaxation in rules to facilitate 'Work From Anywhere' for the Indian IT-BPM sector is "long term, progressive thinking" by the government, according to industry executives.

No manufacturing units in new industrial areas to curb pollution: Delhi CM

Kejriwal announced on Monday no manufacturing units will be allowed in new industrial areas of the city and these zones would be available only to services and hi-tech industries

Techfynder to add 150,000 professional contractors in India by 2021

Techfynder, one-stop solution for hiring IT contractors globally, on Monday said it is planning to register 1,50,000 professional contractors in India by next year. "We're seeing a huge increase in demand for contract and remote workers on our platform, one that will have a significant long-term impact on the labour market. Globally, we're seeing four times rise in the number of jobs that offer contract and remote work since March," the company told PTI. It added that next year, the company plans to have four lakh professional contractors registered globally and 1,50,000 in India. Techfynder has added 44,000 contractors from India over the past year, and the platform now has 45,000 contractors registered from the country, depicting a 45-fold increase in its Indian user base compared to last year's 1,000 contractors. Over 1,22,000 contractors have joined the platform globally during the third quarter of 2020, a 32 per cent quarter-on-quarter growth in terms of users. Techfynder now

IT adopts the no-shore model, where employees' location doesn't matter

Industry experts say one of the biggest changes the pandemic has brought is the way the industry operates

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

Street signs: Route Mobile IPO, brokers eye tech improvement, and more

Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Covid-19 likely to impact 5% IT employees in India, take away 200,000 jobs

The Indian IT and BPM sector employs around 4.4 million people, directly and indirectly. Every year, around 2-3 per cent of the employee base get impacted owing to performance related issues

Products and platform business a safe bet for HCL Technologies: Experts

The normal hurdles of the services business such as pricing discounts, volume contractions, and budget cutdowns do not affect the products business

Rising SaaS adoption to ensure global sway of IT services firms

The final part of the series looks at how Indian firms compete with global peers

Is the worst over for IT? Q1 earnings of firms send out growth feelers

Pandemic impact bottomed out in Q1, second half likely to see better growth

IT industry headed for Uberisation of workforce: Capgemini India CEO

Capgemini India's Chief Executive Officer Ashwin Yardi talks to Bibhu Ranjan Mishra and Sai Ishwar about the impact of Covid-19 on business

Infosys to gain as clients look to consolidate vendor base: Nandan Nilekani

Speaking on the learnings from the pandemic, Nilekani said, organisations would emerge more agile and resilient from the crisis

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.