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News Source : IETS


Removing volatile parts of biz: Wipro
In an interaction with TOI, Wipro CEO Abidali Neemuchwala, who completes three years in office in February, talks about the changes the company is effecting.

The talent crunch that just brought home IT's perils in Trump's America
Trump's tweaks in the H-1B visa programme have made it harder to get a work visa or have it extended.

L&T Infotech seeks to acquire stake in Mindtree
Siddhartha and AM Naik, nonexecutive chairman of LTI, are believed to have met last week. That was followed by the L&T team meeting the Mindtree management last Friday amid talks.

US hiring to be a sustained effort, onboarded over 7,600 people: Infosys
The Bengaluru-based company reported 20.3 per cent increase in revenue from operations at Rs 21,400 crore in the said quarter.

Mukesh Ambani urges PM to take steps against data colonisation
Invoking Mahatma Gandhi, Ambani said India now needs a new movement against data colonisation.

India leading digital transformation race: Microsoft's Anant Maheshwari
"Nearly 85 per cent of enterprises globally will use AI in some form or the other by 2020. Indian firms are now fast catching up," Anant Maheshwari told.

Huawei founder says company would not share user secrets
Ren said neither he nor the company have ever received a government request for "improper information" about anyone.

Infosys looks for love in Tokyo, taps JV for manufacturing companies
Infosys is planning to create a bigger footprint in Japan, a country that has been averse to outsourcing.

IT industry seeks clarity on tax provisions for BPO, KPO services, quashing of angel tax
Despite the slowing down in growth rates, the industry has added about $24 billion revenue since FY 2016 and continues to be a net hirer.

Slowdown or not, we are aggressive on US: Rajesh Gopinathan, CEO, TCS
TCS will continue to invest aggressively to win deals as it looks to end FY19 with double-digit growth.

TCS & Infosys diverge on margin bands
Tata Consultancy Services is holding on to its 26-28% band while Infosys cut its band to 22-24% from 23-25% earlier this year to allow it room to invest in its US talent model.

Kiran Mazumdar-Shaw gets second term as Infosys' lead independent director
Mazumdar-Shaw also serves as the chairperson and managing director of biopharmaceutical company Biocon.

TCS appoints Daniel Hughes Callahan as Independent Director
Daniel Hughes Callahan has been appointed as an Additional and Independent Director for a period of five years with effect from January 10, 2019, TCS said in a statement.

Govt launches initiative to bring Indian, Chinese IT firms closer on single platform
The Sino-Indian Digital Collaboration Plaza (SIDCOP) is a partnership between the National Association of Software & Services Companies (Nasscom) and municipal governments of Guiyang and Dalian in China.

Luxoft Buy: DXC may cut work to Mphasis
On Monday, the company said it would buy Luxoft Holding for about $2 billion to strengthen its digital capabilities.

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