Diabytes
IT firm News
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Infosys Layoffs 2025: Recently, the company posted a 11.7 per cent YoY decline in its net profit to Rs 7,033 crore for the fourth quarter ended March 2025 quarter (Q4 FY25) on April 17.
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Roshni Nadar Malhotra Net Worth: Roshni Nadar Malhotra joined IT firm HCL at 27 in 2000 and was promoted within a year, quickly rising to executive director and CEO of HCL Technologies. As the only child of HCL founder Shiv Nadar, she took over as chairperson of HCL Technologies in July 2020, succeeding her father.
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Infosys Salary Increments: Infosys has around 3.23 lakh employees, and these hikes are based on performance appraisals from September 2023 to October 2024.
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TCS Salary Hike: Tata Consultancy Services (TCS) faced a massive loss in market value this week, shedding Rs 53,185.89 crore as its shares dropped 2.82 per cent between February 17-21.
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Cognizant, headquartered in New Jersey and with 70% of its employees in India, claims that Infosys unlawfully extracted data from its databases and used this information to develop and market competing software.
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The Karnataka State IT/ITeS Employees Union (KITU) members have already met with Labour Minister Santosh Lad to voice their concerns regarding this development.
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The job cuts will primarily impact junior level employees working in data analytics and digital operations across the United States and India.
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For now, HCLTech is seeing a gradual increase in the number of people coming to offices, he said. It is pertinent to mention that the flexi work options were put in place by the IT industry at the onset of pandemic.
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During the second quarter of fiscal 2023, Accenture initiated actions to streamline operations, transform non-billable corporate functions and consolidate office space to reduce costs.
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11,000 employees of social media firm Meta were let off last month.
The affected employees and their families were taken aback by the news.
Shelly Kalish, who started working for Meta in June 2021, was one of the people the company let go of.
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Srinivas Gowda, 42, has established the first donkey farm at a village in the Dakshina Kannada district.
On June 8, the farm was officially launched.
A 30ml milk packet will cost Rs 150.
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Geomatic.Ai Pty is a company incorporated under Australian laws on February 7, 2022 and operates in the field of energy and utilities.
The deal has been signed and closed simultaneously, it added.
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The strategy will be made permanent in the Mumbai office.
The company has opted to focus on enabling employees to have a good work-life balance.
The organisation will aim to create a fully automated approach to ensure optimal production in the allotted time.
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The complainant has named at least 21 people in the FIR filed at the Sector 58 Police Station in Noida.
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The scrip after making a positive opening further gained 7.43 per cent to Rs 413.90 on the BSE. On the NSE, it surged 7.26 percent to Rs 413.90.
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The company said it will disclose additional information on the terms and conditions of the buyback in due course in accordance with Buyback Regulations.
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Infosys, India's second-biggest software services exporter, today reported better-than- expected 1.3 per cent rise in its June quarter net profit on winning key clients in North America and Europe and raised its annual US dollar revenue outlook.
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US-based IT firm Cognizant has delayed salary hikes and promotions for employees till October amid an uncertain business environment.
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As per an independent evaluation by a valuation and strategy consultancy Brand Finance, IT firm Tech Mahindra on Sunday said that it has entered into the Top-20 global tech services brands list (by brand value)
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After almost two decades, India's third largest IT firm Wipro has revamped its logo as it looks to assert its position as a trusted digital transformation partner.
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