India`s IT industry body slams mass layoff reports
Indian software trade body Nasscom on Thursday dismissed widespread media reports of mass layoffs in the country`s hugely important information technology industry but warned that the sector must reinvent itself.
May 18, 2017, 20:54 PM IST
Layoffs in Indian IT may continue for 1-2 years: Experts
As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.
May 14, 2017, 12:27 PM IST
TCS, Infosys accounted for only 8.8% of total H-1B visas: Nasscom
IT industry body Nasscom on Monday came out in defence of its members TCS and Infosys, saying the two accounted for only 7,504 -- 8.8 per cent -- of the approved H-1B visas in 2014-15.
Apr 24, 2017, 21:04 PM IST
US alleges TCS, Infosys of violating H-1B visa norms
The top Indian software companies TCS and Infosys have been accused by the US of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.
Apr 23, 2017, 17:31 PM IST
Wipro employees to get average 9.5% salary hike this year
Country's third largest software services firm Wipro today said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal, in line with its larger rivals, TCS and Infosys.
May 30, 2016, 18:10 PM IST
Automation reduces hiring of Big 5 IT cos by 24%: Report
The Big Five software exporters -- TCS, Infosys, Wipro, HCL and Cognizant -- together added net 24 per cent fewer employees in 2015 at 77,265, thanks to their automation drive
Mar 06, 2016, 17:10 PM IST
MFs bullish on IT stocks; exposure at record high of Rs 43K crore
Industry experts said that fund managers have been raising their allocation in software stocks due to declining rupee against the US dollar.
Feb 18, 2016, 23:08 PM IST
MF investments in IT stocks hit all-time high in Sept
The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of around Rs 32,000 crore at the end of September.
Oct 26, 2014, 11:08 AM IST
IT stocks rise on positive read-through from Accenture results
Indian software companies gain as a better-than-expected rise in quarterly revenue by Accenture Plc sparks hopes of a robust demand environment.
Jun 27, 2014, 11:50 AM IST
