Page 6 - It Services

Spandana panel examining concerns raised about gold branches of subsidiary

Firm says combined portfolio of the named branches is less than 1% of Spandana's consolidated AUM, will not have a material financial impact

Indian IT Services to hire about 450,000 people in H2FY22: UnearthInsight

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, says study

Oracle to double down on India as key growth market in 2022

India was one of the first few countries where Oracle opened two local, next-generation cloud regions (Mumbai and Hyderabad) in quick succession

Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank

Premji, the founder chairman of Wipro, increased his donation by nearly a fourth during the pandemic year

Happiest Minds Technologies second quarter profit up 30% to Rs 44 cr

The IT company had posted a net profit of Rs 34.08 crore in the year-ago period

Cognizant expects to make offers to 45,000 new graduates in India in Q4

IT companies like Infosys and Wipro are witnessing high attrition numbers

We're building incentive warchest to curb attrition: Tech Mahindra leaders

In a Q&A, MD-CEO C P Gurnani and marketing head Harshvendra Soin talk about growth drivers, managing supply side constraints and how acquisition is aiding access to key talent

Mid-sized IT firm Virtusa Corp ropes in three new senior leaders

Samir Dhir named CEO-Global Markets and Industries, a new role; Amit Bajoria is new CFO and Ram Meenakshisundaram has been appointed as CTO

Birlasoft second quarter net profit surges 49.2% to Rs 103.1 cr

Revenue from operations grew 18 per cent to Rs 1,011.7 crore

HCL Technologies Q2 profit rises 3.9%, hirings highest in 24 quarters

HCL said its Q2 revenue was Rs 20,655 crore, up 2.9 per cent sequentially, and 11.1 per cent year-on-year

HCL Tech board okays long-term plan to add RSUs as part of compensation

Programme will include 3,000 senior leaders, is expected to help employee retention as tech industry sees high attrition and talent crunch

Mindtree second quarter net profit up by 57% to Rs 399 crore

The company had posted a net profit of Rs 253.7 crore in the corresponding quarter a year ago.

Britannia ties up with Accenture to accelerate its digital transformation

Packaged-food major Britannia Industries has collaborated with the global IT and professional services company Accenture to accelerate its digital transformation across multiple retail channels. Accenture, through a digital transformation program, has helped Britannia Industries to accelerate innovation, capture value and improve the customer and supplier experience, a joint statement said. "For Britannia's large network of suppliers, this project will help streamline procurement and supply chain management, using SAP Ariba solutions to expedite digital onboarding, contract management and procurement processes," it said. The new system has increased the visibility and accessibility of data across the organization and enabled deeper use of automation and analytics to guide business decisions. "By digitizing more than 80 manufacturing units and 50 warehouses, Britannia can significantly reduce IT operational costs and unlock capital for innovation and growth initiatives," it ...

Oracle India steady on double-digit growth path, says Prasad Rai

Oracle recently reported first quarter results for the financial year 2022. Total quarterly revenue rose 4 per cent to $9.7 billion

Accenture expects strong Q1 as Delta variant delays return-to-work plans

Accenture expects current-quarter revenue to come in between $13.90 bn and $14.35 bn, topping Wall Street estimates of $13.51 bn, according to Refinitiv IBES data

Infosys, Microsoft ink multi-year deal with power distributor Ausgrid

This is to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast.

RSS distances itself from Panchjanya article critical of Infosys

Panchjanya is a magazine associated with the saffron organisation

Get it right in the first instance: TCS mantra for government orders

Scale a challenge, but systems built here can be replicated anywhere, says executive

Infosys invests an additional Rs 3.3 cr in California-based TidalScale

TidalScale is a software-defined-server technology startup

HCL Tech signs 5-year IT contract with German chemical co Wacker Chemie AG

HCL will be using AI-enabled virtual assistants to drive efficiencies for Wacker.