WIPRO CLIENTS
IT hiring slump: Indian IT firms experience drop in average training hours
IT jobs: Training hours at Infosys, Wipro, and Tech Mahindra dropped in FY24 due to fewer freshers and just-in-time hiring, e.g., Infosys down to 74.6. TCS doubled to 87. Richard Lobo anticipates future upskilling. Cost optimization prioritizes billable hours. Despite the 2021 pandemic, the industry grew. Inquiries to TCS, Infosys, Wipro, and HCL went unanswered during the quiet period.
How GenAI is becoming key part of large, mega IT deals
IT service providers are integrating Generative AI into large deals, indicating its advancement from PoC stage. Traditional IT budgets are being redirected towards AI and GenAI, with substantial revenue growth projected. Key players like Infosys, Wipro, Cognizant, and TCS are leveraging GenAI to enhance efficiencies and reduce costs.
Cognizant to pay Rs 4 crore to settle CFO Jatin Dalal’s lawsuit with Wipro
Cognizant’s CFO Jatin Dalal settled a non-compete lawsuit with Wipro for $505,087, covering legal fees, per SEC filing. Wipro cited confidentiality and compensation breaches after Dalal left in November 2023 and joined Cognizant on December 1. The Cognizant Human Capital Committee approved the payment. A similar lawsuit with Mohammad Haque was settled. The settlement terms remain confidential.
Tata 1mg’s FY24 report; Cognizant-Wipro CFO lawsuit settled
Epharmacy Tata 1mg reported a 21% rise in revenue to Rs 1,968 crore for FY24. This and more on today’s ETtech Top 5.
GCCs on the hunt: IT companies becoming hotspots for senior talent
According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.
What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Wipro merges two North American subsidiaries, liquidates Australian unit
Wipro merged its subsidiaries Designit North America and Wipro Designit Services, effective July 1st. In a separate move, they deregistered another step-down subsidiary Attune Australia Pty Ltd on June 26.
Under Pallia’s leadership, we are in for a bright future together: Wipro chairman
Wipro chairman Rishad Premji expresses confidence in new CEO Srini Pallia's leadership, foreseeing a bright future for the IT services company under Pallia's guidance.
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing
IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growing demand in cloud migration and transformation services.
Trouble for techies: Wipro, Infosys and other IT cos delay onboarding of 10,000 freshers, refuse to provide joining date
Tech giants are experiencing a significant decrease in hiring, with companies like Infosys and Wipro postponing the onboarding of new recruits, leaving them uncertain about their joining dates, according to a report by ToI. India's prominent IT firms have deferred the onboarding of around 10,000 freshers who received job offers in the past two years, as revealed by data from the IT employee union Nascent Information Technology Employees Senate (NITES).
Stocks in news: IndiGo, Go Digit, Castrol India, IOL Chemicals, Wipro
Domestic markets stabilize post-elections. IndiGo stake sold. Go Digit reports profit. Wipro rolls out Lab45 AI Platform. Icra receives demand order. NHPTL approves share transfer. TCS launches IoT lab. IOL Chemicals gets CEP certificate. Castrol MD change. TVS signs contract.
Wipro launches Lab45 AI platform to compete on GenAI solutions
Wipro launched Lab45 AI platform to enhance business functions and industry-specific solutions for customers and employees. The platform has shown productivity gains of up to 30% across industries, according to Subha Tatavarti, Wipro's chief technology officer.
Midcap IT companies in India poach talent from industry majors
Midcap IT companies in India are attracting more employees from larger rivals in the past two years. This trend is seen in the technology services sector amidst macroeconomic challenges and a focus on hiring deployable talent.
Wipro share rally over 3% on US contract win
Wipro's shares surged 3.5% on BSE after winning a $500 million deal with a leading US communication service provider.
Wipro's Pallia to moderate AI ‘crowdsourcing’ session with staff
In what might also be considered crowdsourcing of ideas, new CEO Srinivas Pallia will moderate a virtual session for staff on June 12 on ways to develop strategies to help clients in artificial intelligence.
Birlasoft eyes large clients to lead industry growth
Pune-based software services provider Birlasoft, part of the $2.9 billion CK Birla Group, recently bagged a $100-million-plus deal which was the “first in about three or four years” for the company.
Wipro launches platform to offer enterprise-level AI services to clients
Wipro expands partnership with IBM to offer new AI services. Introduces Wipro Enterprise AI-Ready Platform leveraging IBM Watsonx for enhanced operations and industry analytic solutions. Provides conversational AI for customer support, marketing, feedback analysis, content generation, and design optimization.
Load More
