F7 Labs, Flipkart's US-based research arm, is developing products to help the Indian ecommerce giant improve business processes and customer interactions.
Indiana is offering Infosys one of the largest incentive packages it has ever handed out, more than covering the company’s cost of setting up its centre.
Bansal, who quit Infosys in October 2015, was awarded more than Rs 17cr in severance, which was characterised as outsize by some of the co’s founders.
The increase, over the compensation in fiscal 2016, was mainly in the form of performance-based stock incentives that will vest over four years.
Cognizant said it would grow its operations in Brazil by recruiting experienced professionals as well as students from local universities and technical schools.
The zero-distance programme was one of CEO Vishal Sikka’s first major implementations at the company. It asks employees to create innovative solutions in each project.
Media reports had said the technology giant was laying off 5000 employees in India, joining the ranks of Cognizant, Infosys and Wipro in shedding jobs.
TCS has also reshuffled business heads. Krishnan Ramanujam, to whom all of the company's service heads will report, will report to new CEO Rajesh Gopinathan.
Three years of Modi sarkar's digital India initiative saw a range of crucial measures which went a long way in increasing India's digital engagement significantly from its past.
For employees ranked JL5 (job level 5) and below — typically those with less than eight years of experience — the compensation review will be effective from July.
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