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18 May 2017

India`s IT industry body slams mass layoff reports

Indian software trade body Nasscom on Thursday dismissed widespread media reports of mass layoffs in the country`s hugely important information technology industry but warned that the sector must reinvent itself.

15 May 2017

Layoffs in Indian IT may continue for 1-2 years: Experts

As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.

24 Apr 2017

TCS, Infosys accounted for only 8.8% of total H-1B visas: Nasscom

IT industry body Nasscom on Monday came out in defence of its members TCS and Infosys, saying the two accounted for only 7,504 -- 8.8 per cent -- of the approved H-1B visas in 2014-15.

23 Apr 2017

US alleges TCS, Infosys of violating H-1B visa norms

The top Indian software companies TCS and Infosys have been accused by the US of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.

30 May 2016

Wipro employees to get average 9.5% salary hike this year

Country's third largest software services firm Wipro today said it will hike salaries of its employees in the country by an average 9.5 per cent this fiscal, in line with its larger rivals, TCS and Infosys.

Software Exporters

06 Mar 2016

Automation reduces hiring of Big 5 IT cos by 24%: Report

The Big Five software exporters -- TCS, Infosys, Wipro, HCL and Cognizant -- together added net 24 per cent fewer employees in 2015 at 77,265, thanks to their automation drive

18 Feb 2016

MFs bullish on IT stocks; exposure at record high of Rs 43K crore

Industry experts said that fund managers have been raising their allocation in software stocks due to declining rupee against the US dollar.

26 Oct 2014

MF investments in IT stocks hit all-time high in Sept

The mutual fund industry is betting big on software companies as its equity exposure to the sector climbed to a fresh all-time high of around Rs 32,000 crore at the end of September.

software companies

27 Jun 2014

IT stocks rise on positive read-through from Accenture results

Indian software companies gain as a better-than-expected rise in quarterly revenue by Accenture Plc sparks hopes of a robust demand environment.

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