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Bots cut Wipro employee strength by 12,000

A pioneering artificial intelligence program that started getting deployed around mid-2016 has helped Wipro Ltd reduce its employee numbers by 12,000 people, the company said in its recent quarterly update."The HOLMES platform generated productivity worth over 12,000 people," Saurabh Govil, head of human resources for the company, said.The statistic points

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Indian IT industry facing layoffs as conditions worsen, warns Assocham

Indian IT companies are bound to see "some laying off" of their work force back home due to various negative forces impacting the industry, Assocham -- an association of various industries -- warned."With the US tightening the norms for H-1B visas under the President Donald Trump’s ‘Buy American, Hire American’

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WATCH LIVE – Moving towards a less visa-dependent model : TCS

Tata Consultancy Services has reported Q4 revenue of Rs 29,642 cr, a decline of 0.3%, and said his company will wait and see about new US visa regulations that are scheduled to come out today.NEW VISA RULESOn new visa regulations expected today, Gopinathan said TCS will 'wait and see' what kind

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We expected better numbers: Vishal Sikka of Infosys

Infosys Chief Executive Officer Vishal Sikka said the company's performance in the January-March period was below his expectations for various reasons."It is a challenging performance," Sikka said in a post-result press conference. "We were expecting a higher number," said, adding that the situation in the last quarter will have some

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Infosys guides for FY18 growth of 6.5-8.5% in constant currency

Infosys Ltd said it expects its revenue to grow by a modest 6.5-8.5%, stripped off the impact of currency movements, in the year that started this month.The street was expecting a guidance of 7-9% growth.The guidance is well below the traditional guidance range of low two digit percentages. Last year, it had guided

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FITE urges Cognizant employees not to submit resignations

Forum for IT Employees or FITE, a web-based IT workers' collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company's human resources department."If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer

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Wipro buys InfoSERVER, a Brazilian IT outsourcing company

Weeks after acquiring Appirio, Wipro is at it again. This time, it is buying InfoSERVER, an IT services provider focused on the Brazilian market, for $8.7 Mn (Rs 60 cr). Two-decade old InfoSERVER provides custom application development and software deployment services, the company said. It counts some of the largest

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Tech Mahindra opens robotics, AI and digital services center in Dublin

IT services provider Tech Mahindra opened a new facility in Dublin, Ireland to focus on emerging technologies such as Robotics and Automation, Business Analytics, Cloud Infrastructure and Digital Services.The new centre would employ around 150 engineers over the next three years and will help the company deliver technology services to

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TRUMP THREAT: TCS not worried, says we’re not the villains

Tata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as

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N Ganapathy Subramaniam appointed new TCS COO

Tata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to the position of

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Ramco Systems wins Rs 53 cr contract from German logistics company

Ramco Systems Ltd. said it secured a 7.3 million euro order from Schenker AG for implementing its Ramco HCM & Payroll software.Schenker AG is a German logistics company and a subsidiary of Deutsche Bahn, the German railway company.DB Logistics offers land, sea, and air transport and contract logistics. Rail transport

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Infosys invests TidalScale, provider of simple supercomputing software

Technology provider Infosys said it made investment in TidalScale, a provider of software-defined server.No details about the financial aspects of the investment were made public.TidalScale's offering, in many ways, is the opposite of virtualization. While virtualization allows you to split a single hardware-based server into several virtual servers, the software-defined

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Wipro joins the Open Banking bandwagon, releases new platform

Wipro Limited launched its offerings that use Open Banking API technological platform.Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank's core services and infrastructure.For example, one can build a billing or ticket booking or payment service that

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TCS expands outsourcing deal with US Airline JetBlue

Tata Consultancy Services said it will expand its three-year engagement with US Airline JetBlue to include several new projects.The initial contract covered areas such developing new platforms, quality assurance and infrastructure services.Under a new deal, TCS will now provide new services to improve data analytics and operational agility, and to

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L&T Infotech sets up Coupa Center of Excellence

Larsen & Toubro Infotech said it will establish a Center of Excellence in partnership with Coupa, a cloud-based spend management and procurement software platform.The center will develop spend management solutions to help companies control and regulate all forms of expenditure and streamline the procurement process, the company said."This partnership

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Persistent Systems restructures after IBM alliance

Persistent Systems, a product and outsourcing company, said it is reorganizing its business structure in four divisions.These divisions are 'digital', IBM, Services and Accelerite. It will also set up a new Corporate Operations office whose job will be to accelerate the four growth units. It will be headed by Atul Khadilkar."Unique

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