L&T Technology Services appoints Amit Chadha as Deputy CEO
L&T Technology Services Limited announced that it has appointed Amit Chadha as Deputy Chief Executive Officer and whole-time director of the company effective April 1.
Coronavirus attack to slow down IT growth
TCS, Infosys and HCL will be hit by the reduced technology spending by clients in the US and Europe...
Hexaware to see business impact in Q1-Q2 on account of Covid-19
The company had transitioned to a work from home model almost a week before t...
HCL says Covid impact not 'significant'; bookings on track
From a vertical perspective, HCL's exposure to verticals which have seen a major disruption due to the CorovaVirus like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits. HCL said that its business model is a healthy mix of recurring product revenues, managed services and discretionary spend led professional services.
Nihilent acquires cross-disciplinary innovations agency Hypercollective
Global consulting and services firm Nihilent acquired the cross-disciplinary innovations agency, Hypercollective. Nihilent’s technology stacks, used for a deeper understanding of customers, aims to get amplified with Hypercollective’s creative capabilities to bridge the gap between technology, digital, spatial, and creative.
Mphasis appoints Manish Dugar as new CFO
Duggar is a chartered accountant and has served as Managing Partner at Agnus Capital LLP. He was earlier the CFO of Wipro’s IT, BPO and data centre business. He has held leadership positions at Practo Technologies, inMobi and RPG Enterprises.
IT-BPO employees of STPI units can work from home
This has been one of the key demands of the IT-BPO industry given the Coronavirus pandemic, and industry association Nasscom has been in talks with the government for over a week to allow employees of units which are operating from the Special Economic Zones (SEZs) to work from home..
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."
Covid-19 impact: Karnataka may curb IT staff's foreign travel
K'taka health minister says he will ask companies not to send staff overseas unless it’s an emergency.
Cognizant and Wipro restrict travel due to Coronavirus spread
Technology companies have been restricting travel for employees outside India and encouraging them to work from home while taking measures to prevent spread of the virus from employees who have recently travelled to at-risk geographies. Clients of technology companies have also cancelled travel plans to India, according to some companies.
Mindtree appoints Dayapatra Nevatia as its COO
He joins Mindtree from Accenture where he was the MD and Director of Delivery for Advanced Technology Centers in India.
Chunk of revenues still comes from IT's legacy products: Experts
Cyient chairman Reddy said clients of the engineering and technology solutions company were continuing to improve upon their legacy software and hardware infrastructures rather than replacing those entirely with new, digital products.
Sterlite Technologies to continue to look for buyout targets
Anupam Jindal, chief financial officer at Sterlite Technologies, said the company would continue to look at inorganic growth opportunities that allow it to expand its customer offerings or give it access to new customers.
NITI Aayog reaches out to IT majors to train healthcare workers
“There is an increasing need to not only leverage smartphones but also feature phones in accelerating the process of contact tracing and identification of hotspots in the country,” principle scientific advisor K VijayRaghavan, who is member of the empowered committee, said
Imperative for businesses to join hands with govt, civil society, healthcare institutions: Infy CEO
CEO and MD of IT major, Infosys Ltd, Salil Parekh has said it's imperative for businesses to join hands with the governments, civil society and healthcare institutions in the battle to halt the spread of the novel coronavirus.
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