POLL: FITE to hold protest at Jantar Mantar in Delhi against terminations

FITE said it would hold a protest in Delhi today at 1 pm against what it called unjust termination of staff by TCS. TCS had, in its earnings press conference yesterday, asserted that the company had a policy of ‘involuntary attrition’ of those who failed to keep up with performance requirements. It also said only […]

India ranks fourth in no of startups globally – Nasscom

With more than 3,000 tech start-ups, India is the fourth largest base for young businesses in the world and it is expected that by 2020 the base will increase to 11,500 tech start-ups, Nasscom said in its “Tech Start-up in India: A Bright Future” study today. The report, created in association with research firm Zinnov, […]

Is the golden age of the IT professional over as Infosys, TCS, Wipro lose weight?

Wipro will cut one third of its employee base. Tata Consultancy Services to apparently let go off 25,000 senior employees (according to Business Standard). Infosys is in the middle of a transformation aimed at limiting the number of employees and increasing the use of automation. Is the golden age of Indian Information Technology over? More […]

IT no longer the safe career option it used to be – report

The millions of engineers who pass out from Indian colleges every year looking for IT jobs will have to either learn specialised skills, or look for other sectors, a new report said. The report said recruitment by IT companies in India will halve over the next four years. “Incremental recruitment by the information technology (IT) […]

Cyient acquires big data start-up to boost service line-up

Cyient Ltd, formerly known as Infotech Enterprises, said has agreed to a majority stake in Invati Insights Private Limited (Invati), a start-up data sciences company. The new entity is proposed to be renamed Cyient Insights to better reflect brand and market aspirations, the Mumbai-based company said. Invati will strengthen Cyient’s data analytics capabilities and offerings […]

India needs to move from services to software products now: KPMG

The share of Indian companies in the global software product market can rise from about 0.5% at present to 18% by 2020, a new report by KPMG and Nasscom said. Indian IT companies need to adapt their business models to incorporate more and more revenue from products, platforms and other intellectual property, KPMG said, adding […]