IT Firms

NEW DELHI: Both Indian indices - sensex and Nifty- continued their bull run on Wednesday and managed to close at new life-time highs.Continuing its rally for the fifth consecutive day, the 30-share BSE Sensex surged by 302.30 points or 0.45…

Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. This and more in ETtech’s Morning Dispatch.Also in this letter:■ India key market for Meta: Sandhya…

Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Myntra launches fashion portal…

CHENNAI: The crisis engulfing global banks in the US and Europe is likely to create additional stress on Indian IT industrythat is already staring at macroeconomic pressures. It is set to almost halve net headcount growth of the sector in…

India’s top IT service providers Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro will face margin pressure this year in the absence of significant pricing improvement, analysts said, despite lower attrition rates and employee…

India’s job-tech startups have seen their business drop in the past few months as most startups have slowed down hiring and a few have laid off employees. Now, companies such as Masai School, Simplilearn and Relevel are reworking their…

Close to one-fourth of large enterprises in India are now conducting background checks of IT employees before hiring them amid an increase in cases around cheating during virtual interviews, moonlighting, low productivity and fraudulent…

Layoffs: People take a photo at Meta corporate headquarters in Menlo Park, California on November 9, 2022. - Facebook owner Meta will lay off more than 11,000 of its staff in the most difficult changes made in Meta’s history, according to…

Starved of equity funding for months, Indian startups are turning to another way of raising funds – one that doesn’t force them to settle for a reduced valuation. After raising $200 million through convertible notes from a clutch of…

Tata Consultancy Services reported an 18% on-year jump in revenue and an 8.4% increase in net profit in the September quarter as it kicked off earnings season for India’s IT sector on Monday. Chief executive Rajesh Gopinathan said while the…