TCS not considering layoffs, hiring impacted employees from startups

[ad_1] Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. The country’s largest information technology services exporter is also looking to hire startup employees who have lost their jobs, its chief Human Resources officer Milind Lakkad […]

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Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

[ad_1] Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something […]

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Indian IT firms cut staff bonuses as U.S., European clients tighten budgets

[ad_1] Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay India’s top IT services firms are […]

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ONGC reports highest net profit of ₹40,306 crore

[ad_1] ONGC becomes India’s second most profitable company behind Reliance Industries Ltd ONGC becomes India’s second most profitable company behind Reliance Industries Ltd On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of ₹40,305 crore in the fiscal […]

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