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Wednesday, June 23, 2021

IT sector


TCS, Infosys, Wipro, HCL, Tech Mahindra, Cognizant to slash 3 million jobs by 2022 due to automation: Report

June 17, 2021 3:51 pm

Based on average fully-loaded employee costs of USD 25,000 per annum for India-based resources and USD 50,000 for US resources, this will release around USD 100 billion in annual salaries and associated expenses for corporates, the report says.

When the chips were down, IT sector kept things running: PM Modi

February 18, 2021 12:17 am

“Think how you can create world class product that will set the global benchmark on excellence. There can be no compromise on these twin goals for without them, we will always be a follower, and not a global leader,” Modi said.

Q3FY21: Encouraging growth for most cos, IT sector impresses

February 08, 2021 2:38 am

With companies continuing to cut costs, margins have expanded — rising by 400 bps y-o-y — even where sales may not have grown so impressively.

H1-B visa suspension to have Rs 1,200-crore impact on Indian IT firms: Crisil

July 06, 2020 5:41 pm

An increase in local hiring over the last few years since the US - the largest market for Indian IT firms - started curbing the visa issuances will help limit the impact on the Indian IT companies now, Crisil Ratings said.

US President's H-1B suspension executive order misguided, harmful for economy: NASSCOM

June 23, 2020 10:53 am

IT industry body NASSCOM has urged the US administration to shorten the duration of these restrictions to 90 days.

IT sector revenue growth may hit decadal low due to COVID-19, says Crisil report

April 24, 2020 6:29 pm

The $97 billion IT sector is one of the largest service exporters and helps the economy also by supporting over 40 lakh jobs if the IT-enabled services are also included.

US immigration suspension: Nasscom says IT workers 'essential' too

April 24, 2020 12:07 am

NASSCOM explained these technology workers were keeping critical infrastructure operating in the US and ensuring that US hospitals and first responders have the IT systems they need.

State labour minister orders investigation into complaints of job loss in IT sector

April 11, 2020 9:17 pm

IT unions have started receiving complaints from employees about forced retrenchment and employees being asked to apply for leave to coincide with the lockdown period.

An upskilling programme is helping women return to work after break

December 18, 2019 9:16 am

The idea to bring women in India with a gap of six months and above in their IT careers back into the workforce, without the compulsion of only having to join back their previous employers, led to the birth of VMInclusion Taara.

IT sector hiring pie shrank by 34 per cent in four years at IIT-Bombay

March 25, 2018 3:48 am

Placement data show that between 2012-13 and 2016-17, the number of offers made by the IT sector dropped by 34 per cent.