 | Amid global economic stress, IT sector hiring falls 25 per cent this fiscalWith 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. |
 | RBI's norms on outsourcing IT services aimed at improving corporate governance, say expertsThese norms came in the backdrop of the current practice of regulated entities (REs) of extensively leveraging IT and IT-enabled services (ITeS) to support their business models. |
| RBI issues detailed norms for outsourcing of IT services by banks, NBFCsWith a view to providing REs adequate time to comply with the requirements, the norms will come into effect from October 1, 2023. |
 | Wipro posts Q3 net profit at Rs 3,053 croreThe company's consolidated revenues for the third quarter were up 14.3% at Rs 23,229 crore compared to Rs 20,314 crore in the same quarter last fiscal. |
