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…
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,”…
A whistleblower ex-employee from Tata Consultancy Services (TCS) has alleged that the Indian IT major was “gaming the system” and committing “visa fraud” to bypass United States labour laws and H-1B visa rules, Bloomberg reported. Anil Kini, who was an IT manager at TCS’ Denver office has alleged that he was ordered to falsify internal…
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…
