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Tags : "Infosys"

Eight of top 10 firms lose Rs 1.57 lakh cr

NEW DELHI: Eight of the top 10 valued firms witnessed a combined erosion of Rs 1,57,277.53 crore in market valuation last week, with Reliance Industries Limited emerging as the biggest laggard. Last week, the Sensex lost 1,457.16 points or 3.83 per cent. Only Infosys and HCL Technologies emerged as gainers among the most valued firms. […]Read More

Hikes, hirings and a visa workaround: Three cheers for Infosys

Despite an uncertain business environment, Infosys has begun to get things moving on salary hikes and promotions, CEO Salil Parekh told ET Now in an interview. Plans are also afoot to start massive recruitments in many parts of the world including in India soon, he said. The software major had frozen hikes and promotion in […]Read More

Infosys to buy Czech consultancy firm GuideVision for 30 million

Bengaluru: IT firm Infosys said it signed a definitive agreement to acquire GuideVision, an enterprise service management consultancy for up to 30 million euros including earn-out and bonuses. GuideVision specialises in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform, which Infosys said is one of the fastest growing enterprise software companies, […]Read More

Infosys to acquire US-based firm Kaleidoscope for $42 mn

Bengaluru: Infosys said it would acquire product design and development firm, Kaleidoscope Innovation for up to $42 million. With this acquisition, the company aims to expand its engineering services portfolio and strengthen presence in medical devices, consumer and industrial markets across the US. Kaleidoscope brings to Infosys a diverse talent pool with extensive knowledge of […]Read More

Infosys says it plans to hire 12,000 American workers over

BENGALURU: Infosys said it plans to hire 12,000 American workers over the next two years, bringing its hiring commitment in the country to 25,000 over five years. In 2017, Infosys had committed to hiring 10,000 American workers over two years and exceeded that goal by creating 13,000 jobs in the U.S. to date, the company […]Read More

Here is how the process of virtual onboarding is playing

The biggest challenge remains integrating the new hires into the company culture, something they are actively working at fixing. Synopsis IT firms had frozen hiring in March due to the pandemic induced lockdown fearing business disruption globally. As Indian and Western cos stepped up investments in technology, they have also increased outsourcing to companies such […]Read More

IT services firms see more staff without projects, margin may

IT services companies such as Infosys, Tata Consultancy Services, Wipro and HCL Tech and others see employees on bench rising, as clients delay or cancel projects due to the Covid-19 pandemic. This is expected to impact their margins with lower utilization of talent. Benching is an industry term for keeping employees on the rolls without […]Read More

View: Every cloud has a silver lining. So has TikTok

If TikTok’s US business is sold to one of the US public cloud giants , the buyer does not get to own everything. Such a buyer will merely operate the platform’s relations with its local customers in its cloud. Synopsis Cloud architecture makes de facto franchising relatively simple. Indian local cloud giants could acquire de […]Read More

Infosys extends support for GovHack 2020 in Australia, New Zealand

NEW DELHI: IT major Infosys on Friday announced extention of its support for GovHack 2020 in Australia and New Zealand. The two-day hack event, which begins on Friday, is being held simultaneously in Australia and New Zealand and gives competitors 46 hours to create concepts, mashups, and models with open government data, according to a […]Read More

Siddharth Khemka’s 4 preferred IT stocks

In IT sector, our pecking order of preference would be Infosys in the largecap space followed by Wipro. Within the midcap space we like L&T Infotech and MindTree, says Head of Retail Research, MOSL. Looking at the tearaway rally that Reliance is on, it seems like there is still a lot of pent up appetite […]Read More