Tech SMEs to contribute 7-9% of industry in FY23: Nasscom
With the Indian tech industry expected to grow to $500 bn by 2030 from the current $245 bn, share of tech SME is also expected to grow to $35-40 bn by 2030.
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Infosys loss is TechM's gain
Mohit Joshi's departure marks the exit of the only President left at Infosys after Ravikumar last year.
IT industry growth likely to slow down: ICRA
ICRA expects lower hiring by the IT service companies in the near term because of excess capacity added in FY22 and expected moderation in demand.
Highest increase in employee costs
IT/ITeS and banking sectors have added employees even amidst Covid disruptions.
Global macro headwinds may moderate growth for Indian IT firms: Report
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
Govt weighs in on moonlighting, says staff shouldn't work against employer's interest
Employment and retrenchment including lay-offs are a regular phenomenon in industrial establishments, says Minister of State for Labour & Employment Rameshwar Teli.
IT stocks take a hit after Accenture signals slowdown in client spending
New bookings for Accenture in the first quarter were $16.22 billion, a 3% decrease in US dollar.
LTI-Mindtree merged entity ‘LTIMindtree’ falls 2% on listing
Last month, L&T Group announced the merger of its IT subsidiaries in a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
The great divide in tech industry: To allow or not to allow moonlighting!
While legacy IT firms like Wipro and Infosys have been transparent about their rejection to moonlighting, new-age startups and tech players hold mixed views.
Govt allows work from home for 50% staff of these companies
Work from home may be extended to maximum 50% of total employees including contractual employees, says Commerce Ministry.
