Eyeing acquisitions, new hires to counteract looming slowdown in US , UK, says chief Serge Godin. CGI mainly delivers services to the India offices of global clients. It earns half of its revenue from managed IT services or outsourcing. The firm which has made 110 acquisitions in the past four decades, may look at acquisitions in India too.
India has earmarked over Rs 10,000 crore for the human space flight mission, which has been in the works for nearly two decades. It moved to mission mode with tight deadlines after PM Narendra Modi turned the spotlight on the programme in his Independence Day address to the nation in 2018.
IT clients have been shifting spends from existing technologies — used to currently run their businesses — to newer ones in order to deal with disruption from startups and demands from customers.
The absence of a robust homegrown electronics ecosystem is hurting its ambitious targets.
The insurers have stepped up hiring from premier institutes, including the Indian Institutes of Technology and Indian Statistical Institute. Some are also expected to increase the number of freshers hired to more than a couple of hundred.
In December, Wipro received a lawsuit over allegations of racial discrimination by an African-American employee named Kevin Clark. The same month, India’s second largest software services exporter Infosys received a lawsuit from Cathy Szczepinski in Ohio for alleged violation of fair labour standards and denial of overtime payment.
In the first half of FY20, Parekh's Infosys reported 10.2% growth in topline to $6,341 million.
The dedicated revenue targets come as Wipro sees opportunity in delivering digital technology-led services.
Most of these employees are based out of India. The list has been submitted to chief executive officer Brian Humphries’ office, the people said. They are part of the 10,000-12,000 mid-to-senior level positions globally that the company said in October it would remove from their current roles in the coming quarters, the people said.
The $52 billion tech leader has been focusing on software-led revenue growth and subscription-based deals across global markets. After the RBI mandated last year that data of all payment banks should to be stored in servers locally.
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