Sensex sinks below 75,000 mark, Nifty crashes below 22,600; IT stocks lead plunge
Feb 24, 2025, at 05:16 pm
The Indian stock market bled on Monday with S&P BSE Sensex losing 856.55 points to close at 74,454.41.
Infosys lays off 350 Mysore campus employees after two-and-a-half-year wait for onboarding
Feb 07, 2025, at 07:51 pm
Bengaluru: Infosys has laid off around 350 employees who were onboarded in October, following a prolonged wait of over two-and-a-half years after receiving their offer letters, according to sources familiar with the matter, Business Standard reported.
Indian IT firms face rising wage bills as demand for skilled professionals grows
Jan 15, 2025, at 04:37 pm
New Delhi: As Indian IT companies experience higher revenue productivity amid slower workforce expansion, HCLTech CEO C Vijayakumar has underscored the sustained demand for skilled professionals, which will contribute to escalating wage costs, media reports said.
WB govt to unveil IT infrastructure boosting policies: Min Babul Supriyo
Nov 20, 2024, at 03:55 am
Kolkata/IBNS: West Bengal Information Technology (IT) and Electronics Minister Babul Supriyo said the state government is hopeful of rolling out a slew of policies including that on GCC, semiconductor as well as drone to facilitate the development of IT infrastructure in Bengal.
IT Dept's ITR E-Filing Portal 3.0 to be simple & user-friendly
Oct 17, 2024, at 04:18 am
New Delhi: The Income Tax department is planning to launch an upgraded e-filing platform, ITR E-Filing Portal 3.0, designed to be simpler and more user-friendly for filing returns, media reports said.
TCS to set up IT hub in Vizag; to create 10,000 jobs: Andhra Pradesh minister Nara Lokesh
Oct 10, 2024, at 06:42 am
New Delhi: Andhra Pradesh cabinet minister Nara Lokesh announced on Wednesday that Tata Consultancy Services (TCS) will establish an IT facility in the state, which is expected to employ 10,000 people, news agency PTI reported.
Mobile manufacturing investment under PLI scheme exceeds targets, says IT Secretary
Sep 26, 2024, at 07:16 am
New Delhi: Investment and production in mobile phone manufacturing under the Production Linked Incentive (PLI) scheme have significantly surpassed expectations, according to Electronics and IT Secretary S. Krishnan, media reports said.
Centre extends import management system for laptops, IT hardware till Dec 31
Sep 25, 2024, at 11:32 pm
New Delhi: The central government has extended the import management system for laptops and other IT hardware products by three months, now effective until December 31, 2024.
Infosys set to earn over $100 million in Coca Cola-Microsoft cloud deal
Aug 21, 2024, at 06:50 am
Bengaluru: Infosys is set to earn over $100 million as a key partner in a $1.1 billion cloud migration deal between Coca-Cola and Microsoft, according to an Economic Times report.
Cognizant draws flak for '1% salary hike' despite significant profit boost: Report
Aug 17, 2024, at 04:54 am
Bengaluru: IT giant Cognizant is under intense criticism for its minimal salary increases and historically low starting pay for fresh graduates, despite reporting a quarterly profit boost, media reports said.
Global outsourcing honour for Indian IT Services firm Vee Technologies founder Chocko Valliappa
May 29, 2024, at 08:47 pm
Bengaluru: New York and Bengaluru Co-headquartered Tech and IT Services firm MD Chocko Valliappa has been inducted into IAOP Leadership Hall of Fame.
Wipro’s Chief Operating Officer Amit Choudhary resigns, Sanjeev Jain to replace him
May 18, 2024, at 05:54 am
Mumbai: Indian IT services firm Wipro’s Chief Operating Officer Amit Choudhary has resigned to pursue opportunities outside the organization, according to an exchange filing by the company.
TCS workforce drops by nearly 13,000 to 6,01,546 in FY24
Apr 15, 2024, at 01:10 am
Tata Consultancy Services (TCS) has reported a decline in its headcount, a situation unprecedented in 19 years with the company's total employee base diminished to 6,01,546.
Oxford University cancels contract with TCS iON over 'technical issues': Report
Jan 24, 2024, at 06:00 am
Oxford (UK): The University of Oxford terminated its agreement with Tata Consultancy Services iON, media reports said.
Administrative agency of the U.S. state of Georgia hires TCS to replace its insurance claim platform
Oct 06, 2023, at 02:02 am
Atlanta (United States): Tata Consultancy Services (TCS) has been selected by the Georgia Department of Labor (GDOL) to replace its 1980s-era legacy platform with a proven, agile, secure, and scalable cloud-based unemployment insurance system that streamlines the claims process and ensures that eligible individuals receive prompt financial assistance and support when they need it most.
Vee Technologies adds fourth facility in Bengaluru
Sep 30, 2023, at 04:36 pm
Bengaluru: To cater to its growing services business, IT and Tech firm Vee Technologies has added a new development facility at Hebbal, its fourth in Bengaluru.
Infosys bags mega $1.5 billion deal for 15 years
Sep 16, 2023, at 05:53 am
Bengaluru: Prominent Indian IT firm Infosys has entered into a 15-year agreement with a 'global corporation', ET reported.
Infosys completes acquisition of Danske Bank’s IT Centre in India
Sep 06, 2023, at 08:14 am
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said recently.
Centre likely to delay laptop, PC import ban for 3-4 months
Aug 05, 2023, at 05:42 am
New Delhi: The Union government is considering an extension of the implementation of import restrictions on laptops, personal computers, tablets, and server manufacturers for a period of three to four months, media reports said.
Infosys decides to defer salary hikes of employees below senior management level: Report
Jul 13, 2023, at 05:40 am
Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.
Many female workers leave as TCS ends work from home
Jun 14, 2023, at 04:40 am
Bengaluru: IT major Tata Consultancy Services (TCS) suffered an unintended setback when it announced an end to remote work as more female employees decided not to return to work than their male counterparts.
May 31, 2023, at 03:36 am
New Delhi: The Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware has been approved by the Union Cabinet with a budgetary outlay of Rs 17,000 crore.
Facebook's parent company Meta plans to slash thousands of employees this week: Report
Mar 07, 2023, at 03:07 pm
California: Meta Platforms Inc., which is the owner of popular social media platforms Facebook and Instagram, is planning another round of layoffs and will slash thousands of employees in the current week, media reports said on Tuesday.
Jan 12, 2023, at 05:38 am
Kolkata: NASSCOM, the premier trade body of IT and ITeS sector, on Wednesday announced its Bengal Entrepreneurs’ Summit on Technology carnival will take place on Jan 19 in Kolkata where more than 400 companies will partcipate.
IBM India MD Sandip Patel cautions workers against moonlighting: Report
Oct 27, 2022, at 04:14 am
IBM has warned its employees against moonlighting without following proper procedures, media reports said.
'Don't support dual employment, we have let go of moonlighters': Infosys CEO Salil Parekh
Oct 15, 2022, at 04:19 am
India's second-largest IT services company Infosys said Thursday that it doesn't allow moonlighting and fired several employees for dual employment over the past 12 months, according to media reports.
Traders' body urges Centre to enact work from home policy
Jan 13, 2022, at 10:34 pm
New Delhi/UNI: The Confederation of All India Traders (CAIT) has asked the government to frame a standard protocol for work-from-home (WFH) which has become a regular feature due to the pandemic.
IT return filing deadline for Assessment Year 2021-22 extended till March 15
Jan 12, 2022, at 12:23 am
New Delhi: Income tax return filing deadline for Assessment Year 2021-22 has now been extended till Mar 15, officials said.
HEAL Software Inc. Introduces Industrys First Preventive Healing AIOps Software for IT Operations
May 10, 2021, at 09:46 pm
Bangalore: HEAL Software Inc., an Artificial Intelligence for IT operations (AIOps) solution providers, launched a preventive healing software technology for IT operations.
Need to raise number of women in STEM to thirty per cent by 2030, says FICCI
Mar 13, 2021, at 11:49 pm
Mumbai/IBNS: Women in the leadership role in technology bring about an inherent user-centric approach which brings about solutions for the on-ground issues, said Dr. Subi Chaturvedi, Chief Corporate Affairs and Communications Officer, Zupee, a real-money gaming platform.