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News Source : IETS

Tue, 27 Jun 2017 01:47:02 GMT

Wipro adds 3,000 US hands in FY17
The Bengaluru-headquartered IT company had said over half of its headcount in the US will be local workers at the end of first quarter of FY18.

If your job is 90% coding, then you have something to worry about
The effect of automation and artificial intelligence still is not clear, and they could open up new areas that simply shift tech work rather than eliminate it.

PM Narendra Modi will convey Indian IT cos' role in US to Trump: Infosys CEO Vishal Sikka
Sikka said Prime Minister Narendra Modi would convey the contribution made by Indian IT companies towards the US economy during his deliberations with President Donald Trump.

Shareholders back board, NR Narayana Murthy skips Infosys AGM
Even Pai and Balakrishnan skipped the AGM, thus saving the board from a major showdown their presence would have probably caused in view of Murthy’s remarks about fall in corporate governance at the IT major.

Infosys Board has no rift with founders, says Chairman R Seshasayee
The board has continuously engaged with all major investors, in particular with the founders, and will continue to do so, Sesashayee said at the 36th AGM of Infosys.

Infosys releases 11,000 employees due to automation: Key takeaways from board meet
Revenue per full-tie employee (FTE) increased by 1.2 per cent as a result of automation, utilisation and productivity improvements, the company said.

Infosys Chairman R Seshasayee to retire next year
Seshasayee said the management commit to its shareholders further acceleration of efforts through "the daunting changes and deliver performance worthy of its proud heritage".

Infosys to pay $1 million to settle case of visa violations in New York
The statement said that Infosys obtained B-1 visas, which are temporary visitor visas, instead of the H-1B work permit which was required.

TCS says it hired over 12,500 people in United States in last 5 years
TCS said that over the past five years, the company has steadily increased its relationships and recruitment from more than 75 US college campuses.

Infosys says investigation into whistleblower letter finds no wrongdoing
Infosys had received two anonymous letters in February that alleged wrongdoing in some of its acquisitions, improper contracting and CEO compensation and expenditures.

Trump Admin offers tremendous opportunities: Vishal Sikka
Vishal Sikka said the Trump Administration is taking steps to improve the atmosphere of doing business in the US.

IT firm HTC Global buys US-based Ciber for USD 93 million
According to a statement issued by HTC Global, the USD 93 million acquisition of Ciber will add over 3,500 employees to its operations globally.

Nasscom pegs IT-BPM exports growth rate at 7-8 per cent for FY17-18
The guidance numbers that are usually out in the month of February were deferred to the first quarter of this financial year citing geopolitical factors.

Uncertainties remain in IT, but the magnitude has reduced: R Chandrashekhar, President, Nasscom
There was very little clarity about what direction it would take and what impact it would have not just on the industry in India but on the global economy says R Chandrashekhar, President, Nasscom.

Indian IT industry not H-1B dependent, says Infosys CEO Vishal Sikka
Sikka said over ten years, around 650,000 H-1B visas were granted, despite Infosys employing 200,000 people and TCS having almost double that number in the US






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