On December 31, 2016, Infosys announced a sudden exit of its General Counsel and Chief Compliance Officer, David Kennedy. While no reasons have been cited by the company, per the terms of exit, Kennedy will receive aggregate severance payments of…
Tag: TCS
IT Companies Will Have To Prove Their Digital Narrative In 2017
Winter has set in, and yet, the biting icy winds do not stop New Yorkers from getting to work. At Liberty Street, inside the Times Inc. office, there are a couple of financial service providers and media companies talking about…
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India’s HCL Technologies Counters Trump-Led US Protectionist Sentiment
On Dec. 8, thousands of supporters in a packed hall in Des Moines, Iowa vociferously cheered President-elect Donald Trump as he reiterated his campaign promise to bring back home millions of jobs that Americans have lost to foreigners. Sanchit Vir…
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Indian IT Firms Face Uphill Task For New Contracts Up For Rebid
India’s software exporters seem to be the new incumbents in the global technology outsourcing space. In the next two years, clients such as BNP Paribas, Procter & Gamble, Johnson & Johnson, Citigroup and DuPont will look at their existing contracts…
Read More Indian IT Firms Face Uphill Task For New Contracts Up For Rebid
Reliance Plans To Take On India’s IT Giants With Its Software Biz Foray
Reliance Industries is gearing up to enter the software services business and plans to take on India's IT giants, as the energy-to-telecom conglomerate taps the growing potential of the industrial internet. "If Jio is providing the connectivity and Reliance is…
Read More Reliance Plans To Take On India’s IT Giants With Its Software Biz Foray
Tata-Mistry Spat Unlikely To Hit TCS Operations: Analysts
The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate's crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip…
Read More Tata-Mistry Spat Unlikely To Hit TCS Operations: Analysts
Should The Indian IT Sector Be Vary Of New US President-Elect Donald Trump
Republican candidate Donald Trump just two days ago during his election rally had strongly criticized technology giant IBM for laying off 500 staffs working at Minnepolis located on mid-western US state of Minnesota. During his rally, Trump also had said…
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Theresa May To Skip Visit To IT firms In Bengaluru As UK Turns Protectionist
A visiting British Prime Minister is skipping a pilgrimage to local software companies in Bengaluru for the first time in over fifteen years. Instead, Theresa May has a trip to Dynamatics Technologies, an aerospace and hydraulic pumps manufacturer, which has…
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UK New Visa Rules: Calm Down Folks, Indian IT Firms Won’t Be Affected
The recent change in UK visa rules announced today which created a panic among Indian IT professionals might not have a significant impact, according to experts in the industry. The UK may not be a sizeable market for India compared…
Read More UK New Visa Rules: Calm Down Folks, Indian IT Firms Won’t Be Affected
UK Tightens Visa Rules For Techies
The UK government has decided to increase yearly salary threshold for technology professionals applying for visa by 44 per cent. Under the new visa rules announced last evening by the UK Home Office, anyone applying after November 24 under the…
Why TCS CEO N Chandrasekaran Is The Favourite For The Post Of Tata Sons Chairman
The search for a new chairman of Tata Sons following the ouster of Cyrus Mistry has thrown up quite a few names. The high-profile names include Indra Nooyi, the head of PepsiCo Inc, Arun Sarin, the former head of Vodafone…
Read More Why TCS CEO N Chandrasekaran Is The Favourite For The Post Of Tata Sons Chairman
Infosys Shares Down 1.1% On RBS Effect
The Royal Bank of Scotland’s decision to shelve its IT deal with Infosys may have hit the Indian company’s stocks on Tuesday but the development could have a ripple effect on many such projects for the IT sector and result…
HCL Technologies Eyes 20% Revenue From Digital Play By 2020
HCL Technologies, India's fourth largest software services company, expects digital, cloud, analytics, automation and internet of things (IoT) to grow faster than the traditional business segments, accounting for up to 20 per cent of revenues in next three to four…
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Investors Keep A Close Watch As Mu Sigma Founder-couple Splits
Even as investors at Mu Sigma keep a close watch on the recent developments within the company, there is a possibility of bringing in professional mangers at the helm of affairs. “In all likelihood, an external professional management will be…
Read More Investors Keep A Close Watch As Mu Sigma Founder-couple Splits
To grow in IT, Tata Sons looks inside for a new strategy
Tata Sons is looking at implementing a group-level acquisition strategy for some of its IT needs , as it focuses on gaining better value in its technology spending, two sources with knowledge of the matter told ET. "It will take…
Read More To grow in IT, Tata Sons looks inside for a new strategy
Vision 2021: will Infosys, Wipro make it?
The vision plans laid out by Infosys and Wipro, which involves doubling their revenue in five years, face several challenges — from employees having to think differently, to achieving scale in new business areas. Sometime in early 2008, TCS laid out…
How the TCS-Epic case could impact the IT services sector
Indian IT services companies with software platforms could be forced to rethink their operational set up after the massive fine imposed by a Wisconsin federal jury against TCS. While TCS has denied the allegations of stealing healthcare software from American…
Read More How the TCS-Epic case could impact the IT services sector
Nasscom rejects Murthy’s ‘immigration agents’ comment on Indian IT firms
The National Association of Software and Services Companies (Nasscom) rejected NR Narayana Murthy's comment wherein he called Indian IT firms as behaving like "immigration agents." Sanchit Gogia, chief analyst and CEO, Greyhound Research, explained that the Indian services model is just not…
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Nasscom rejects Murthy’s comment calling Indian IT firms immigration agents
N R N Murthy, co-founder Infosys, may have stirred up a hornet's nest by saying Indian IT firms behave like immigration agents, but the model that he claims he created to be less dependent on visa's did not yield the…
Read More Nasscom rejects Murthy’s comment calling Indian IT firms immigration agents
Nasscom rejects Murthy’s comment calling Indian IT firms ‘immigration agents’
N R N Murthy, co-founder Infosys, may have stirred up a hornet's nest by saying Indian IT firms behave like immigration agents, but the model that he claims he created to be less dependent on visa's did not yield the…
Read More Nasscom rejects Murthy’s comment calling Indian IT firms ‘immigration agents’
How terror is affecting Indian techies overseas
When Nirmal Jain, an IBM employee, was about to be sent to Jordan on his first onsite posting, his family had serious concerns about security. However, for Jain, now 24, it was a blessing in disguise. IBM paid him a…
One Small Step For Me, One Giant Leap For #WorkforceTech
It’s not often that one comes across a young, new-age Research & Advisory firm which does not believe in pay-to-play, but dares to say things as they are. A firm which has not just survived but thrived, while staying fiercely…
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Is TCS losing the race because of slow digital growth?
A favourite among investors at one time, Tata Consultancy Services is fast turning into a mammoth that is failing to evolve with time as others are fast catching up on the increasing demand for digital. India’s largest software exporter’s enterprise…
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A challenging year awaits Indian IT sector
The tepid third quarter performance of India's largest IT exporter Tata Consultancy Services (TCS) is hardly good news for India's overall IT sector. The company's dollar revenue for the December quarter slipped 0.3 per cent over the previous quarter, beaten…
CEO will chart new tech roadmap: Premji
Wipro Limited on Monday announced the appointment of Abidali Z Neemuchwala as the Chief Executive Officer and Member of the Board of the country’s third-largest IT services company. Neemuchwala, who is currently Group President and Chief Operating Officer, will take…
H1B fee increase sends Indo-US relations south
2015 was a particularly eventful year for contentious debates surrounding H1B visas within the context of Indian IT services firms. The last bit of acrimony which had US tech workers fuming was the replacement of IT workers at Disney as…
Thanks to startup boom, new IT services providers born in India
The startup boom in the country is propelling a parallel IT services industry. While established technology companies such as Infosys and Tata Consultancy Services largely cater to overseas customers, upcoming firms are focusing on India, quenching the domestic demand for…
Read More Thanks to startup boom, new IT services providers born in India
Leading From The Front – TCS
The next five years would come from digital. Barely a year later, the IT service provider's digital revenue is already at $2.2 billion and Chandra is upbeat. "It has been another great year. Our industry is at an inflection point…
IT Industry invests in innovation to adapt to changing marketplace
Indian software companies may not be reporting the 25 to 30 per cent growth rates they had witnessed a few years ago - and probably will never again - but they are still making rapid strides on the back of…
Read More IT Industry invests in innovation to adapt to changing marketplace
Vodafone in talks with IBM to renew ₹6600 Cr outsourcing contract
Vodafone India has started talks with software major IBM for renewal of a $1 billion (Rs 6,600 crore) outsourcing contract that is set to expire in June 2016, while also sounding out Wipro, Tata Consultancy Services, Infosys and Tech Mahindra,…
Read More Vodafone in talks with IBM to renew ₹6600 Cr outsourcing contract