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COGNIZANT AND TECH MAHINDRA
Jobless growth in IT: Revenue grows, headcount stagnatesIndia's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and im...- IT stocks gain for 3rd day on rupee fall, tempered AI viewIndian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software expor...
- IT cuts mid-tier, expands AI-smart entry level in new hiring playbookIndia's top IT companies are changing how they hire. They are bringing in more fresh graduates and giving them AI tools. Middle managers ar...
- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- India Inc offers medical cover to LGBTQ partnersSeveral companies offer medical insurance to same-sex partners of their employees, including for gender-reassignment surgery.
- Indian tech companies up global market share, IBM hit mostlyAmong the Indian heritage companies, Cognizant grew its share the most in the past five years, from 6.3% to 8.5%.
- NIIT bets big on Indian IT’s hunt for ready talent“Organisations are starting to realise the importance of managed training services and a number of Indian organisations realising that ther...
- Information technology sector may see muted Q3A result of the slowness in banking and retail means Indian IT companies will also face slower growth in North America, their largest marke...
- Tech Mahindra looks to automate its future earningsThe IT services company, which is part of the Mahindra Group, has been working on creating its automation framework AQT and its own artific...
- It’s the turn of Pune techies to complain of ‘illegal’ layoffsFormer employees of IT firms including Cognizant, Tech Mahindra and Wipro in Pune on Thursday filed separate petitions with the Maharashtra...
- Layoffs in IT companies: Is it time for trade unions to come into play?Those in support of laid-off workers say the firing policies based on performance reviews are often discriminatory.
- Now Tech Mahindra looks to lay off hundreds on 'performance' groundThe company did not specify the number of employees that could be asked to leave. Industry sources suggest that the number would run into h...
- Tech Mahindra creates Saudi Arabian joint venture with Al Fozan GroupIndian IT companies have been increasingly focusing on the Middle Eastern market as they look to offset slower growth in key regions like t...
- Cognizant guidance fails to spook IT stocks; here's whyCognizant forecast revenues in the range of $13.47 billion and $13.60 billion against $13.65 billion and $14 billion, implying only about 8...
- IT companies including TCS, Infosys, Wipro bracing for slowest topline expansion on annual basisAt least half a dozen brokerages, that ET spoke to, expect India’s top five software exporters to post sequential revenue growth of about 2...
- Tech Mahindra en route to become one of the IT heavyweights: Sudip BandyopadhyaySudip Bandyopadhyay, President, Destimoney Securities, shares his views on Tech Mahindra.
- Infosys earnings may be 10% down next quarter: Ajay Srivastava, CEO, Dimensions ConsultingLast time Infosys quarter was 20% down, this time it is 15% up. So the next one is coming up, maybe 10% down.
- AT&T, T-Mobile deal to benefit Indian IT vendorsIndian outsourcing vendors are set to gain new projects worth hundreds of millions from AT&T's acquisition of T-Mobile.
- Cognizant backed out of bidding at last minuteCognizant Technology Solutions, one of the bidders for takeover of Satyam, is said to have backed out of bidding process at last minute. Th...
- In Satyam's case, merger's more likely than acquisitionI-banking sources say merger with Satyam of a large IT company looks more feasible than an outright acquisition by a multinational IT firm.
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