According to Gartner, enterprise security spending (hardware, software and services) in India is on pace to reach $1.12 billion in 2016, up 10.6% from $1.01 billion in 2015
The fall in hiring is complemented by a sharp drop in attrition as telcos optimally utilise existing staff for their core telecom business.
Ratan Tata said that he is keen that a process should be in place for a smooth succession at an appropriate time.
A Vodafone spokesperson confirmed the move, but declined to comment further, saying the matter was sub-judice.
Mistry said in a letter to the board last month that the business was "continuously haemorrhaging" and had even questioned the alliance in his statements to the group.
Analysts and industry experts said Airtel is “best positioned” to leverage revenue growth from its additional business, which collectively generate nearly a quarter of annual revenue, unlike Idea and Vodafone India which largely depend on their dominant mobile services business that garner over 90% and 84% of overall revenues respectively.
Mistry on Wednesday in a unanimous decision was removed as chairman and director of the telecom company.
“Bring in Kumarmangalam Birla, Anand Mahindra or Rahul Bajaj to resolve this internally, or like former ICICI Bank chairman KV Kamath helped resolve the fight between the Ambani brothers in 2007,” Kirit Shah said.
Vodafone India, the country’s second largest telco, said it will look to hire in areas like technology, business to business (B2B) and digital segments.
In a letter to the shareholders of Tata Steel, Wadia said several allegations levelled against him were false, unsubstantiated and baseless.
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