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News Source : IETS


Wipro not ready for double-digit growth yet: Abidali Neemuchwala
“We have good pipeline of large deals. We have talked about our strategic partnership with Alight (Solutions) which is a significant deal. The pipeline looks very robust,” said Wipro CEO Abidali Neemuchwala.

Wipro to acquire India services of US-based Alight Solutions
Wipro said the companies would aim to reshape the HR services industry by providing Alight’s clients with the breadth and depth of capabilities from the two industry-leading organizations.

Infosys includes arbitration clause in CEO’s agreement
CEO Salil Parekh’s employment contract mentions that in such circumstances, the problem shall be resolved by a confidential final, binding arbitration.

Infosys CEO Salil Parekh handed strict job contract
Infosys faced flak over what critics called an overly generous agreement with Parekh's predecessor Sikka.

Infosys rejigs business units
The Bengaluru-based company has carved out communications (earlier a part of energy, utilities, communications and services) as a separate business unit as part of these efforts.

Azim Premji says disruptive tech investments are paying off
The $167-billion IT industry is seeing a shift in demand from clients across different markets as more organisations transition to digital tech-based service delivery.

Infosys expands its global network of digital studios, announces studio in Berlin
The new facility in Berlin further strengthens Infosys’ digital offerings for European clients.

Infosys arm in pact to build metro rail station in Bengaluru
Karnataka Chief Minister H.D. Kumaraswamy on July 7 said the Foundation had offered Rs 200 crore for building the Konappana Agrahara metro station, metro track and maintain it.

Infosys creates a unit to respond to call of the telecom billions
The new unit — communications and services — is headed by Anand Swaminathan, global leader for communications, media and technology, based in Seattle.

Tech companies to create fewer jobs this year
While industry lobby body Nasscom has predicted a 7-9 per cent growth rate for the software segment, the reduction in job creation is a clear indication that there is a rapid change in the tech space.

Suit against new limits on STEM students in US
The new rule appeared as a change on the website of the United States Citizenship and Immigration Services (USCIS) and was first noticed in April.

Technology driving BFSI sector to grow: TCS
According to a top company official, the growth in the Banking, Financial Services and Insurance sector (BFSI) sector would be sustainable in the medium term.

Walmart, Microsoft team up to take on Amazon
As part of the agreement, Walmart has selected the full range of Microsoft cloud solutions, including Microsoft Azure and Microsoft 365.

TCS to create Indian digital innovation centre for energy company Total
The centre, which will be based in Pune, will focus on the use of digital technologies to improve the different aspects of the refining business.

Infosys sees higher attrition at junior level
Infosys has said it witnesses higher attrition rate among employees with two to four years experience.

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