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Near-term disruption likely in IT sector; FY22 should be normal year: Citi report
COVID-19 has provided IT services companies with an opportunity to test work from home (WFH) concepts, and innovate on services as well as delivery. Clients have also adopted technology at a faster pace than earlier, to ensure business continuity and some of these shifts will likely stay in the post-COVID-19 world, given cost and efficiency benefits.
Techgentsia Software Technologies to launch Vconsol in September
The multilingual, superior-quality video-conferencing app, hailed as the fir...
Coronavirus: IT sector looks at staggered opening
Prodded the lockdown, India’s large IT firms have ensured as many as 85% of their employees...
Agriculture and food processing sector to strengthen India-US ties: Arkansas governor
Participating in the webinar 'India- Arkansas Partnership: Food Processing, Logistics and Manufacturing', Governor Hutchinson said trade opportunities in Arkansas and India, and collaboration in them would be beneficial for both economies.
Mid-size IT companies invest in digital initiatives as clients take to virtual platforms
Most firms, including Mindtree, Zensar, Persistent Systems, LTI and Hexaware, have seen an improvement in their free-cash flows and margins in the quarter ended June, mainly on account of strict cost-cutting initiatives, industry experts said.
India Inc goes slow on increments; super-specialized profiles can expect over 15% growth
According to TeamLease Jobs & Salaries Primer Report 2020, the COVID-19 pandemic has not only impacted the employment landscape, it has disrupted the way India Inc rewards its talent.
Coronavirus impact on economy to be like 2008 financial crisis: Former Infosys CFO Balakrishnan
"It's (now) exactly like 2008 when everything got shut down over a period of time but again recovery then was in a V-shape because central banks and all got in and stabilised," Balakrishnan said. "Now, central banks are helpless; interest rates are almost zero in most parts of the world...I think the pain is going to be similar to what we saw in 2008 and we don't know how long this is going to last."
Nasscom seeks slew of relief measures for IT sector
Nasscom urged the government to extend the Sunset Clause by one year in order to ensure that SEZs continue to attract investment and contribute to exports and employment generation. The industry body, which represents the $191 billion information technology sector, also said expenses incurred by companies for enabling employees to work from home should be considered as eligible business expenses.
99.8% workforce in IT sector incapable of remote working: Study
Only 0.2 per cent are 'Work from Home' champions and showcase high productive attributes.
FSDC meeting: Regulators commit to strengthen financial sector
It also discussed issues relating to inter-Regulatory coordination and reviewed the initiatives and activities of NCFE, activities of various technical groups under FSDC-SC and functioning of SLCCs in various states and Union Territories.
Blowout earnings spur biggest upgrades for Indian tech since 2013
Twelve-month forward earnings estimates for the 50-member S&P BSE Information Technology Index have climbed 4.6% in July, the most since October 2013, according to calculations by Bloomberg.
Indian IT employees stare at a mid-life crisis
The axe will fall mainly on midlevel employees and those who haven’t picked up relevant skills.
Hiring sentiment showing signs of recovery: TeamLease Employment Outlook for Apr-Sep
The hiring sentiment, which had sunk by 86% from the previous half-year, is showing signs of gradual improvement since unlock 1.0, the report stated. Until unlock 1.0 the hiring sentiment for the current half-year (H1-April-September) was as low as 11%, however, it has improved to 18%.
Value of 'roti, kapda, makaan and internet' reinforced due to lockdown: Deepak Parekh
Parekh said the global economy has never before simultaneously seen demand and supply evaporate and the pandemic has revealed the fragility of health systems and the lack of social safety nets the world over. At the same time, the lockdown has reinforced the value of the essentials of life -- food, clothing, shelter and now, the internet.
India’s IT sector to grow 7.7% in FY20: Nasscom
The industry body said the sector added 2,05,000 jobs in the ongoing fiscal year, up from the 1,85,000 jobs it added in FY19. The sector is still ‘cautiously optimistic’ about the next financial year starting April, officials said.