Uma Kannan

Will stick to freshers’ hiring: LTIMindtree

LTIMindtree on Thursday said they continue to remain on target with the company’s onboarding programme for freshers. 

28 Apr 2023

Wipro net falls 0.4% to Rs 3,074 cr; announces Rs 12,000 crore share buyback

“These headwinds are impacting our business and projections as well,” the CEO said. According to him, the company delivered two consecutive quarters of total bookings of over $4.1 billion.

28 Apr 2023

IT company earmarks Rs 80.3 crore to gift employees Apple iPads

It has earmarked Rs 80.3 crore for the purpose. The company has crossed the $1 billion revenue milestone. In the fourth quarter ending March 31, 2023.

27 Apr 2023

Wipro announces Rs 12,000 crore share buyback; pegs Q1 IT service revenue growth at -1% to-3%

The company's voluntary attrition decreased 330 bps from the previous quarter, landing at 14.1% on a quarterly annualised basis and at 19.2% on a trailing twelve months basis.

27 Apr 2023

Crypto industry sees ‘muted optimism’

In 2022, the industry had faced turmoil with FTX, LUNA collapses that jolted the crypto market.

25 Apr 2023

Cost efficiencies, skilled manpower attract offshore units to India

Amid gloomy economic outlook, firms considering moving work to less expensive locations

23 Apr 2023

HCLTech Q4 net profit rises 11 per cent at Rs 3,983 crore, revenue increases 18 per cent

For FY23, the company’s revenue crossed the Rs 1,00,000 crore mark. HCLTech Services revenue for the full year was up 15.8% in constant currency.

21 Apr 2023

Aequs sees good growth and demand in Aerospace

The company has manufacturing operations across three clusters- Belagavi Aerospace Cluster (BAC), Koppal Toys Cluster (KTC), and Hubballi Durable Goods Cluster (HDC), located in North Karnataka.

19 Apr 2023

Cognizant rolls out hike to over 3 lakh employees

In January this year, Ravi Kumar was appointed as CEO. He had said that his immediate focus is on creating the conditions for the company's associates to excel.

19 Apr 2023

Private Equity activity lowest in eight quarters in Q1

It recorded only 256 deals worth $5.3 billion, which is the lowest in the last eight quarters, according to the deal tracker report by Grant Thornton Bharat.

19 Apr 2023

Amid global economic stress, IT sector hiring falls 25 per cent this fiscal

With the BFSI stress and challenges in the global economy amid inflation, the future of employment in the IT services sector, at least for a few quarters, doesn’t look promising. 

18 Apr 2023

IT services firms bet big on generative AI

ChatGPT has triggered a new AI race that all IT companies are now betting big on generative AI.

15 Apr 2023

Honouring all job offers, onboarded 44,000 freshers: TCS

Company says net employee addition in FY23 at 22,600, much lower than last year

13 Apr 2023

TCS Q4 net profit up 15 per cent to Rs 11,392 crore; declares Rs 24 final dividend

Its revenue from operations in FY23 stood at Rs 2,25,458 crore, a 17.6 per cent increase compared to Rs 1,91,754 crore in the previous fiscal.

12 Apr 2023

Brace for 12 per cent surge in rents in Bengaluru this year

The surge is more prominent near IT parks around the Outer Ring Road, Bellandur and Manyata Tech Park.

12 Apr 2023

L&T arm settles US visa fraud claims

L&T Technology Services agrees to pay USD 9.9 mn to resolve allegations of underpaid visa fees

12 Apr 2023

Over 30 per cent customers come from tier-II&III markets: Amazon Business

In the last three years, Amazon Business has grown its customer base by 5X and seen an increase in total sales by 4X.

10 Apr 2023

Hiring on amid layoffs by start-ups

Reports suggest over 24K employees have lost jobs in Indian start-ups till now since 2022.

09 Apr 2023

Temasek buys extra 41 per cent in Manipal Hospitals for Rs 16K cr

As per Statista, Manipal Hospitals had the highest private equity investment of about $286 million in 2021 in the healthcare sector.

08 Apr 2023

RBI allows credit lines through UPI

Experts say this decision will help borrowers easily use their credit lines to pay vendors. Currently, UPI handles 75% of the retail digital payments volume in India.

07 Apr 2023

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