The Indian ER&D sector already employs about 7,00,000 people in the country, which could rise to one million by 2025, if the conditions for growth become more favourable, experts said.
Tata Consultancy Services, India’s top IT services exporter, said earlier it would be hit by a restructuring at Deutsche Bank, a key client.
CEO Rajesh Gopinathan has said the second quarter would be crucial to maintaining double-digit growth this year.
TCS runs the country’s passport project and India Post’s digital and financial inclusion project.
Investors shift to domestic-focused firms as exporters to gain less from tax cut
Benefits of the tax cuts, stretching to 10 percentage points, would be greater for companies that largely generate their revenue at home and don't enjoy many operational exemptions.
Automotive cos that are facing so much disruption are now willing to engage with Indian IT services providers.
Ezzat’s elevation is part of the internal managerial transition process started by Hermelin in 2017.
The IT services firm has over 200,000 employees in India; Ramamoorthy has worked at Cognizant for over 21 years.
CEO Brian Humphries says job cuts will happen in one go as he does not want to prolong restructuring.
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