Zoho Corporation‘s Chief Scientist, Sridhar Vembu, has issued a sobering assessment of the current state of the Indian IT industry. Known for his candid views on social media, Vembu recently reacted to the disappointing quarterly results of major IT firms like TCS, Infosys, and Wipro, arguing that the downturn is neither just cyclical nor driven…
Donald Trump’s pause on tariffs for over 70 nations including India cheered domestic markets which ended with strong gains on Friday. Indian frontline indices narrowed their weekly losses to end with declines of 0.3%. When markets resume trading on Tuesday, a host of important domestic and global events lined-up during the week are likely to…
In a town hall from the company’s newly refurbished Kolkata office on Thursday, Cognizant chief executive S. Ravi Kumar promised salary hikes from 1 August even as bonuses to eligible employees will be rolled out in March. “Cognizant will award bonuses in March. Associates will receive eLetters with bonus details the week of 10 March,”…
Infosys co-founder and chairman Nandan Nilekani emphasized that artificial intelligence will never fully replace core human capabilities such as empathy, leadership, collaboration, and creativity. Speaking at an AIMA event, Nilekani argued that these qualities will become increasingly valuable as AI continues to advance.“You can have all the AIs in the world, but if you can’t…
Last Updated:January 28, 2025, 11:46 IST The complainant alleged that in 2014 he was falsely implicated in a honey trap case and subsequently dismissed from service. Infosys co-founder Kris Gopalakrishnan is seen. A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities…
Last Updated:January 06, 2025, 16:54 IST According to Infosys Chief Financial Officer Jayesh Sanghrajka, some increments will take effect in January, while the remainder will be rolled out in April 2025. Infosys manages a slight improvement in its margins by 10 basis points, supported by lower onsite costs, better resource utilisation, and enhanced operational efficiency….
Last Updated:December 30, 2024, 14:36 IST “Indigo treats its passengers badly,” said former Infosys CFO Mohandas Pai after he was left waiting on the hot tarmac in Bengaluru without air conditioning. Former Infosys CFO Mohandas Pai was travelling from Bengaluru to Coimbatore when the incident happened. Former Infosys Chief Financial Officer (CFO) Mohandas Pai recently…
This is a representational image Former Infosys CFO Mohandas Pai has criticized the widening wage gap in India’s corporate sector, pointing out that entry-level salaries have stagnated for over a decade, even as top executives receive significant pay hikes. “Look at an IT CEO’s salary five years ago, and look at it now—it has gone…
The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing 1,906.33 points (2.38…
Buy or sell stocks: Indian stock market benchmarks- the Sensex and the Nifty 50– closed with losses for the week ended November 8, primarily due to foreign capital outflow amid concerns over weak Q2 earnings and elevated valuations. A 25 bps rate cut by the US Fed offered no relief as the market had already…
