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Wipro wins 5-year IT outsourcing deal from Telenor’s Bangladesh unit

IT solutions provider Wipro said it won a five-year IT infrastructure and applications managed-services contract from Grameenphone, the Bangladesh telecom operator owned by Norway's Telenor. Under the agreement, Wipro will manage the entire IT infrastructure of the largest mobile telecommunications operator in Bangladesh.It will be in control of end-to-end application

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FITE says 11 cases against Tech Mahindra layoffs moved to courts

The Maharashtra unit of Forum for IT Employees said 13 disputes over forced resignations and  layoffs at IT organizations have been moved to the labor courts after failed mediation attempts by state labor authorities.11 of the 13 cases were filed by employees of Tech Mahindra, and one each by those

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IT companies using illegal tactics to force workers to resign: FITE

The Forum for IT Employees, arguably the IT workers rights organization with the largest number of well-wishers and supporters, accused IT companies of using illegal and unethical means to force their workers to submit their resignations.In a meeting with Maharashtra Chief Minister Devendra Fadnavis, the organization accused the companies of

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Wipro opens Artificial Intelligence research facility in Israel University

IT and outsourcing services provider Wipro said it will use students at Israel's largest university to jointly conduct research into artificial intelligence.The company inked an agreement with Tel Aviv University, Israel's largest institution of higher learning which is home to over 30,000 students studying in nine faculties.The two will create

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IT woes to bring down real estate rentals in Bangalore, IT hubs

With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according

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Cognizant layoffs may be heading to TN labour courts as FITE preps petitions

Forum for IT Employees or FITE -- an organization that claims to speak for ordinary IT workers -- said a group of employees of Cognizant Technology Solutions will approach the office of Labour Commissioner of Chennai today."Affected CTS employees file petition to the Labour Commissioner in Chennai," the organization

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Larsen & Toubro Infotech changes to ‘LTI’ as it seeks an independent identity

Larsen & Toubro Infotech, which started out as a unit of construction major L&T, has rebranded itself, dropping its parent's name from its own and projecting a more independent brand.The new logo reads 'LTI' in blue, bold letters with the tagline 'Lets Solve', and the new branding colors are

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Wipro rebrands itself, reveals new logo

Outsourced services provider Wipro Ltd said it was undergoing a rebranding to reflect its evolving business."The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirements and drive future opportunities in this digital era," the company

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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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