Articles for It Firms

GenAI may pile pricing pressure on customer support and maintenance work of IT services companies
1 month ago

GenAI may pile pricing pressure on customer support and maintenance work of IT services companies

Live Mint  

Generative AI that stormed the technology world with the launch of ChatGPT two years ago may be about to make its mark on India's $254 billion IT services industry. The industry will see pricing pressure beginning next year as contracts heavy on coding and phone support come up for renewal, multiple analysts and industry executives said. The analysis, the first …

Business Industry Services Work Companies Pressure Pricing
Here’s why Trump 2.0 policies can put Indian IT in a quandary. Spending cuts, regulatory & policy changes may hurt
1 month, 3 weeks ago

Here’s why Trump 2.0 policies can put Indian IT in a quandary. Spending cuts, regulatory & policy changes may hurt

Live Mint  

When Donald Trump first took office in 2017, Wipro became the first Indian company to flag a US president as a business risk. According to an ET Prime report, Wipro’s annual filing with the U.S. Securities and Exchange Commission raised concerns over Trump’s policy stance, noting that his tariff and trade decisions could negatively impact their business in America. Trump’s …

Trump Indian Sec Wipro Indian It Firms Indian It
Karnataka mulling to make 14 hours workday, faces stiff opposition
5 months, 2 weeks ago

Karnataka mulling to make 14 hours workday, faces stiff opposition

Op India  

In Karnataka, the IT firms have submitted a proposal to the Congress-led state government demanding that the laws should be amended to extend employee working hours to 14 hours a day, as per media reports. It has called upon all the IT/ITeS sector employees to come in resistance against the Karnataka Government’s move to increase the working hours in the …

Karnataka Employees Proposal State Sector Siddaramaiah Working Hours
'Industry Leaders Need Not Panic': After Backlash, Karnataka Pauses Bill Backing Quota For Locals In Private Jobs
5 months, 3 weeks ago

'Industry Leaders Need Not Panic': After Backlash, Karnataka Pauses Bill Backing Quota For Locals In Private Jobs

News 18  

The Karnataka government has put on hold a bill mandating reservation for locals in the private sector. ಕನ್ನಡಿಗರಿಗೆ ಖಾಸಗಿ ವಲಯದ ಸಂಸ್ಥೆಗಳು, ಕೈಗಾರಿಕೆಗಳು ಹಾಗೂ ಉದ್ದಿಮೆಗಳಲ್ಲಿ ಮೀಸಲಾತಿ ಕಲ್ಪಿಸುವ ಸಂಬಂಧ ಸಂಪುಟ ಅನುಮೋದನೆ ನೀಡಲಾಗಿದ್ದ ವಿಧೇಯಕವನ್ನು ತಾತ್ಕಾಲಿಕವಾಗಿ ತಡೆಹಿಡಿಯಲಾಗಿದೆ.ಮುಂದಿನ ದಿನಗಳಲ್ಲಿ ಈ ಬಗ್ಗೆ ಮತ್ತೊಮ್ಮೆ ಪರಾಮರ್ಶಿಸಿ ನಿರ್ಧರಿಸಲಾಗುವುದು. — Siddaramaiah July 17, 2024 Karnataka Minister MP Patil also assured that “industry leaders need not panic” and the government is …

Siddaramaiah Bill Kannadigas Industry Leaders Karnataka Cabinet It Firms Leaders Need
25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study
7 months ago

25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study

News 18  

A recent study indicates a decline in the female workforce in the country’s top IT companies amid the high attrition rate in the industry. Around 25,000 female employees have exited top IT firms, including TCS and Infosys, in the financial year 2023-24, according to a study by staffing firm Xpheno. The drop in the number of female employees was reported …

Female Study Increase Total Number Female Employees Employees Exit Top It Firms
Inside the nightmarish ethics breach at TCS
1 year, 6 months ago

Inside the nightmarish ethics breach at TCS

Live Mint  

Bengaluru/Mumbai: About eighty minutes into the virtual annual general meeting of Tata Consultancy Services Ltd on Friday, Hyderabad resident and company shareholder Praful Chavda asked the question everyone tuning in had been anticipating. At TCS, the RMG team is empowered to enlist contract staffing firms, said one executive. “For the last two years, it was an open secret that many …

India Contract Bengaluru Hyderabad Executives Company Staffing
What rising employee costs mean for IT firms
1 year, 8 months ago

What rising employee costs mean for IT firms

Live Mint  

Employee costs in leading IT services companies have shot up over the last four fiscals, according to a Mint analysis. Such costs at India’s top four IT players rose by 19-23% in 2022-23 from a year ago, outpacing revenue growth, shows a Mint analysis. Between 2019-20 and 2022-23, among companies considered for the analysis, employee costs outpaced revenue for TCS, …

India Tech Costs Companies Mint Firms Infosys
IT firms may see a sharp decline in attrition rate
1 year, 8 months ago

IT firms may see a sharp decline in attrition rate

Live Mint  

India’s software services companies are expected to see a sharp drop in attrition rates in the coming quarters, from the current 20%-plus to as low as 16%, as the impact of hiring freezes and retrenchments takes effect. This slowdown of hiring started from November 2020 onwards and will continue to till September 2023,” said Saran Balasundaram, founder of HanDigital, a …

India Quarter Firms It Firms Tech Talent Reduced Hiring
At IT firms, hybrid work model is here to stay
1 year, 8 months ago

At IT firms, hybrid work model is here to stay

The Hindu  

The hybrid work model that became popular amid the COVID-19 pandemic more than three years ago seems to be here to stay for IT firms and their workforce as a survey by Hyderabad Software Enterprises Association, among its member-companies, found that majority of the respondents have employees working from office for at least three days a week. While the firms …

Employees Office Work Companies Model Survey Wfh
Bad news awaiting tech grads entering the job market
1 year, 10 months ago

Bad news awaiting tech grads entering the job market

Live Mint  

NEW DELHI : Technology companies are likely to hire engineering graduates at the previous year’s levels of ₹2-4 lakh per annum, industry experts said, adding they expect no increase in freshers’ pay this year as hiring winds down after a year of aggressive recruitment. We expect large IT services firms to offer salaries of ₹3.18-4 lakh for entry-level campus hires," …

Tech Companies Hiring It Services Freshers Services Firms Engineering Graduates
’Uncertain times ahead..’: Jefferies on Indian IT companies
1 year, 11 months ago

’Uncertain times ahead..’: Jefferies on Indian IT companies

Live Mint  

A sharp slowdown in net hiring, muted growth outlook in 4Q and a potentially slower conversion of bookings to revenues points to a sharp growth moderation for Indian IT firms, highlighted Jefferies in a note on Indian IT firms who sees ‘uncertain times ahead’ for the sector. “After the Q3 results so far, the brokerage house expects aggregate revenue for …

Growth Indian Firms Jefferies It Firms Indian It Firms
Amid slowdown & rising caution, will IT firms deliver another weak quarter?
2 years ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint  

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

Growth Margin It Firms
Unlocking growth in tier II Indian cities
2 years ago

Unlocking growth in tier II Indian cities

The Hindu  

If the initial phase after the State formation in June 2014 was devoted to building on Hyderabad’s image as an emerging hub for the IT industry, attracting more new-age firms to set up shop also to allay fears, the next few years for the Telangana government was all about evolving strategies to accommodate a runaway growth. Welcoming Telangana government’s approach …

India Growth Hyderabad Development Cities Companies Talent
IT firms wary of imposing WFO model, fear attrition
2 years, 2 months ago

IT firms wary of imposing WFO model, fear attrition

Deccan Chronicle  

HYDERABAD: Although the Covid-19 third wave appears to have died down, with fewer cases reported in recent months, most major IT firms are still not keen on asking employees to report back to office, as techies prefer either full-time working from home or a hybrid model in which the pandemic is no longer a factor. Another employee at an IT …

Employees Office Model Employee Firm Firms Wfh
August 30 floods: IT firms, banks on ORR say they lost ₹225 crore in a single day
2 years, 4 months ago

August 30 floods: IT firms, banks on ORR say they lost ₹225 crore in a single day

The Hindu  

IT firms and banking establishments in the Outer Ring Road area have incurred a loss of ₹225 crore owing to the heavy rains and flooding on August 30, said Outer Ring Road Companies’ Association in a letter to Chief Minister Basavaraj Bommai. Seeking Mr. Bommai’s attention to address the “appalling infrastructure” in the ORR region in particular and the city …

Bengaluru Road Orr Association It Firms Orrca
IT companies tap gig workers as high attrition rates bite
2 years, 5 months ago

IT companies tap gig workers as high attrition rates bite

Live Mint  

NEW DELHI: India’s information technology companies are expanding their talent pool by hiring freelancers, project-based workers, independent contractors, and part-time hires as they battle high attrition levels in an industry experiencing a covid-induced boom in demand. Collectively dubbed the ‘gig workforce’, these workers are equipped with specialised technical skills to complete pending digital projects and fill new roles that the …

India Workforce Talent Workers Gig Workers Firms Gig
Explained: Why engineering graduates should look beyond IT firms as a career?
4 years, 2 months ago

Explained: Why engineering graduates should look beyond IT firms as a career?

India Today  

Historically, India produces a large number of engineers. As per industry estimates, only 2.5 lakh engineering graduates land relevant jobs in technical domains. Engineering graduates with skills in AI-ML, Cloud computing, blockchain, and cybersecurity can easily kick start a career in FinTech as well as in EduTech and InsurTech. Cutting-edge technologies: With the adoption of cutting-edge technologies in non-IT firms …

Education India Engineering Industry Companies Fintech Pharma
Delhi Govt all advises private sector offices, multinational companies, IT firms to allow work from home
4 years, 9 months ago

Delhi Govt all advises private sector offices, multinational companies, IT firms to allow work from home

India TV News  

Chief Minister Arvind Kejriwal-led Delhi government on Friday advised all private sector offices including multinational companies, IT firms, industries, corporate offices situated in NCT of Delhi to allow their employees to work from home till March 31. In his address to the nation PM Modi asked people to abide by a 'Janata Curfew' on Sunday, March 22. The global death …

India Delhi Pm Modi Nation Multinational Companies It Firms Janata Curfew
US to limit H-1B visa for Indians to 15 per cent? All that IT professionals need to know about Trump move
5 years, 6 months ago

US to limit H-1B visa for Indians to 15 per cent? All that IT professionals need to know about Trump move

India Today  

Continuing on the ongoing trade tension between the US and India, the US government has said that it is planning to curb the distribution of the H-1B visa to Indians. US H-1B visa restriction: Why has this happened Many countries have been lately enforcing data localisation laws for foreign companies. US H-1B visa restriction: What could happen to the Indian …

India Trump Indian Companies Visa Countries Foreign
IT firms likely to face volatility in banking, financial services space in near term: Kotak report
5 years, 7 months ago

IT firms likely to face volatility in banking, financial services space in near term: Kotak report

Firstpost  

The banking and financial services space for IT firms is expected to be volatile in the near term, and escalation of trade wars in the past weeks combined with Brexit overhang may continue to weaken modest optimism of April 2019, says the latest report by Kotak Institutional Equities New Delhi: The banking and financial services space for IT firms is …

Brexit Services Report Firms Kotak Trade Wars Bfs
Proposed H-1B visa rule: Why Indian techies, IT firms should be worried
5 years, 11 months ago

Proposed H-1B visa rule: Why Indian techies, IT firms should be worried

India Today  

Indian techies and IT firms in the United States are in for a bumpy ride as the Donald Trump-led administration is on the verge of tweaking existing H-1B visa norms. There is a yearly cap of 65,000 on regular H-1B visa issuance along with additional 20,000 visas for those who have an advanced degree from an US institution. However, the …

Indian Visa Degree Regular Firms Visas Icra
Talent will define IT sector’s battleground: Nasscom’s Rishad Premji
6 years ago

Talent will define IT sector’s battleground: Nasscom’s Rishad Premji

Live Mint  

New Delhi: Nasscom chairman Rishad Premji and president Debjani Ghosh sat down with journalists at Mint’s newsroom in Delhi earlier this month and spoke on a range of issues. Rishad Premji I don’t think people addition is a relevant metric anymore. And this has been so for a very long time because Indian companies’ visa intake in the past two …

Growth Indian Digital Companies Talent Indian Companies Good