IT Firms

Wednesday, Apr 24, 2024 | Last Update : 11:32 AM IST

Prolonged lockdown may result in job cuts in IT industry. (PTI Photo)

Job loss, pay cut on cards for Indian IT industry

Job cut in the IT industry is inevitable even for bigger firms if the present situation across the globe continues for a few more months

12 Apr 2020 1:31 PM

Since January 2018, over 100 firms have come out with bonus share issues.

Tax rules kill joy of bonus shares

Investors are now seeking amendments to Section 2 (42A) of the Income Tax Act.

08 Apr 2019 1:20 AM

Vivek Tandon, Founder and CEO, EB-5 BRICS

IT firms ramp up hiring in US, says Vivek Tandon

Restrictive definition of specialty occupations will reduce the number of foreign nationals eligible to qualify for the visa, says Vivek Tandon.

28 Feb 2019 6:36 AM

Experts were not sure of the HCL Tech-IBM deal going through.

HCL’s IBM deal puts focus on other IT firms’ moves

HCL Technologies’ announce big fat acquisition of Rs 12,700 crore IBM software products.

11 Dec 2018 9:12 AM

Meeting demand key for IT firms

According to it, the challenges on talent availability have been contained up to now and managed efficiently by Indian IT firms.

05 Nov 2018 12:14 AM

India's largest IT firm Tata Consultancy Services (TCS) on Friday said its board has approved share buyback of up to Rs 16,000 crore.

TCS board approves up to Rs 16,000 crore share buyback plan

The buyback, at Rs 2,100 per equity share, entails up to 7.61 crore shares or 1.99 per cent of the total paid up equity share capital.

15 Jun 2018 4:36 PM

Data suggests that with the US economy doing well, Indian IT firms can look forward to a better year in 2018. (Representational Image)

Industry figures suggest 2018 will be a better year for Indian IT industry

Numbers suggest that with the US economy doing well, Indian IT firms can expect a better year in 2018.

23 Oct 2017 3:14 PM

Forty one per cent of the Indian companies said they experienced a data breach as a result of malicious or criminal attacks.

Data breaches could cost Indian firms Rs 11 crore this year: IBM

Direct costs -- expenses like purchasing a technology or hiring a consultant -- rose from Rs 1,781 to Rs 1,998 per capita.

20 Jun 2017 7:28 PM

Layoffs will stop if seniors agree salary cuts: Murthy

Murthy said he has no doubt that all industry leaders have good intentions to solve the problem of layoffs.

02 Jun 2017 3:45 AM

Pink slips are being handed out to thousands of employees as part of their performance appraisal process. (Representational image)

Layoffs in Indian IT may continue for 1-2 years: experts

Job cuts of 2-3 pc of the overall headcount of nearly 7,60,000 by Infosys, Cognizant, Tech Mahindra and Wipro.

14 May 2017 12:22 PM

The industry continues to be a net hirer with over 1.5 lakh people being employed on a net basis each year, though the focus is shifting from scale to skill.

Workforce realignment is essential: Nasscom

Workforce realignment linked to performance appraisal processes is a regular feature every year, said Nasscom.

13 May 2017 12:32 AM

Indian IT firms like TCS, Infosys and Wipro are dependent on US H-1B visa programme to send employees to customer sites.

Will tweak business model in sync with changing US visa norms: TCS

Company will definitely continue to stay in the US and continue to meet customer requirements.

19 Apr 2017 11:27 AM

For Indian IT firms like TCS, Infosys and Wipro, which employ large number of H-1B holders, the move signals longer wait for visa approvals.

US’ decision on H1-B visas will hurt IT firms: Nasscom

Nasscom said it will work with the US Embassy in India to ensure that movement of professionals is not hit by such process issues.

06 Mar 2017 6:20 AM

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Sanjeev Ahluwalia

IT firms