A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.
Indian IT companies are increasingly resorting to flexible staffing (also flexi-hiring) - hiring on project basis, says sector lobby National Association of Software and Services Companies (NASSCOM).
Himani Chandna Gurtoo reports.
U-turn on permanent hiring plans
The quarterly results of the "big four" Indian IT firms -TCS, Infosys, Wipro and HCL Tech - were a mixed bag wherein two companies exceeded market expectations and the other two were laggards. At a broader level the results followed a predictable pattern.
Vivek Sinha reports.
Why things are the way they areIndia's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming on the hordes of entry-level computer coders they normally hire as they try to squeeze more profits out of their staff.
Swedish wireless equipment maker Ericsson and Switzerland’s STMicroelec–tronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.
It is now official: though revenue growth is expected to be strong in 2013-14, hiring in the IT industry will be slow this year as the industry cleans up its act.
India's IT and BPO industry is set to narrowly miss its growth estimate for this fiscal year, but is staying bullish on the year to March 2014.
HT reports.
Giving some relief to IT and IT-enabled services, the govt on Thursday clarified that tax incentives to such companies would continue if they fulfill prescribed conditions under the Income Tax Act. HT reports.
Morgan Stanley, the lead underwriter for Facebook's troubled public stock offering, has agreed to pay $5 million to Massachusetts' securities regulators after they accused it of disclosing a revenue shortfall only to certain analysts and not the general public.
The wheel has come a full circle for Suresh Vaswani, the former co-CEO of Wipro, with technology major Dell reposing faith in him to lead its $8 billion (Rs 43,500 crore) global IT services arm, appointing him as its president.
Electronics major Panasonic India is aiming to clock Rs. 650 crore in revenues for the full year ended March 2013 from its IT products.
Last week, we told you about the major smartphone platforms. This week, we guide you on Symbian and Bada OS. Gagandeep Singh Sapra reports.
The report card of India's big four software services firms for the July-September quarter this year paints a picture of cautious optimism for the IT services industry.
India's third largest software company, Wipro Ltd, on Friday reported a 24% jump in its net profit for the July-September quarter year-on-year, at
Rs. 1,611 crore, and raised its revenue outlook for the third quarter by a notch.
HT reports.
India's second-largest software company Infosys has deferred the joining dates for a new batch of 17,000 engineers by around 3 months as part of a cost-cutting exercise.
HT reports.