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HCLTECH APPRAISALS
Labour code rollout looms large over margins of IT firmsIndian IT firms like TCS, Infosys, and HCLTech are seeing profit margins shrink due to new labour rules and one-time accounting provisions....- DPIIT seeks inputs on ecomm FDI; ETSA 2025 Bootstrap Champ bets on AI, talentHappy Tuesday! The central government is seeking inputs from ecommerce and retail players on foreign investment rules. This and more in tod...
- IT salaries hit the brakes! Salary hikes in 2025 may not be what you expectSalary increments in India's IT sector for 2025 are projected to be 4-8.5%, reflecting a cautious approach due to global economic challenge...
- The new reality of IT raises: Why your next pay hike could be months awaySalary hikes in IT companies are shifting from the traditional April-June period to later in the year, introducing unpredictability. Raises...
- ET World Leaders Forum; PayU’s consumer payments pushHappy Monday! Top startup and tech leaders at the Economic Times World Leaders Forum said India is poised to become the hub of tech innovat...
- Binny Bansal raises bets on investments; 9% avg salary hike for IT industryHappy Monday! Flipkart cofounder Binny Bansal is doubling down on his investments in new ventures, including his own startup OppDoor. This ...
- IT services companies may roll out 8.4-9% salary hikes this yearIn 2024, IT majors are expected to give average salary appraisals of 8.4-9%, similar to the 8.5-9.1% average increases recorded in 2023, ac...
- IT slowdown to hit appraisals; Ghazal Alagh on Mamaearth’s growth strategyPay increases at top tier Indian IT firms could halve from a year ago as the $245-billion industry faces a major slowdown. This and more in...
- HCLTech may not offer wage hikes to middle and senior-level staff in FY24The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positio...
- Byju’s CFO quits; Flipkart’s Big Billion sale numbersIn another blow to edtech Byju’s, its chief financial officer, Ajay Goel, is leaving after seven months at the company. This and more in to...
- Tata Digital's Esop delay; inside Nithin Kamath's RainmatterHit by top-deck exits in the past year, Tata Digital, the ecommerce arm of the Tata Group, is trying to assuage senior executives who are s...
- Infosys, HCLTech report Q2 profits; Groww becomes India’s largest stockbrokerIndian IT majors Infosys and HCLTech reported profits for the second quarter of FY24, despite numerous headwinds plaguing the sector. This ...
- Infosys headcount drops by 7,530 in Q2, to roll out hikes from November 1The company also said it has a significant fresher bench and does not see a need to visit campuses this year as of now. Infosys reported a ...
- Wipro to roll out annual hikes effective December 1The Bengaluru-based information technology firm had postponed the hikes, due in September, by a quarter due to macro headwinds and margin p...
- Govt to seek info from YouTube, Telegram on curbing sleaze; InsuranceDekho raises $60M in fundingSocial media companies may have to provide detailed information on the steps they’ve taken to curb pornographic and child sexual abuse mate...
- Indian techies may be in for a long wait as IT firms defer hikesInfosys and HCLTech have chosen not to implement raises, while Wipro has postponed its announcement to the third quarter. Tech Mahindra has...
- Nil to 1% hikes for LTIMindtree employees after months of delayET could not independently verify the share of the employee base that received such hikes but sources confirmed that a majority of junior t...
- Delhi HC orders CCI to take up ADIF plaints against Google; Nykaa restructures top deckThe Delhi High Court on Monday ordered the Competition Commission of India to take up complaints filed by the Alliance of Digital India Fou...
- PE, VC investors seek tax parity in budget; Meesho faces seller revolt over returns policyInternet industry body IndiaTech, which represents a clutch of startups and VC investors, also said that the longer holding period for unli...
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