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Europe accounts for about 30% of India’s $150 billion outsourcing industry. The European companies and banks fear that a data leak in India could end with steep penalties back home in Europe due to strict data protection laws.
Pune based mid-size IT firm Persistent Systems today announced the resignation of its chief executive officer Christopher O’Connor. He said that he was resigning for personal reasons through a letter dated August 9, 2020.
With the pandemic impacting all aspects of life, businesses across varied global markets have suddenly realised the need to shift their services and offerings online.
As corporates are reinventing themselves, individuals also need to reinvent themselves to stay relevant, said the Chief Operating Officer of Bengaluru-headquartered IT major, Infosys Ltd.
The sector has hired up to 5,000 professionals in the last month, according to staffing experts.
This joint collaboration will help customers drive business continuity by enabling remote IT support and solutions, as they seek to keep employees productive amid social distancing boundaries and other remote-work limitations that have become the new normal.
L&T will move offshore as remote working becomes mainstream, CEO and MD Sanjay Jalona said. The proportion of LTI’s onsite workforce stands at 21% of total delivery, from about 24% three years ago.
US President Donald Trump's ban on federal agencies employing H-1B visa holders will have little impact on India's IT industry, as most software services providers hire local employees to service government customers.
The committee last sought stakeholder feedback in February and wrote to companies and institutions asking for a presentation, which will support the “oral submission” that they make when they appear before the committee.
Chandrasekaran said that even where our education and health systems are world-class, a majority of the country’s vast population does not have access to them. Digital technologies can help overcome this challenge.
The order directs the heads of each federal department and agency to review the use of offshore services as well as temporary foreign labour (H-1Bs, L-1s) in the execution of contracts awarded in FY 2018 and 2019 and issue a report within 120 days.
After a weak first quarter when companies froze hiring, IT companies have resumed hiring and honouring offers made to college graduates. Most IT companies have reported an increase in deal volumes and a healthy deal pipeline, even as they have cautioned that the time taken to close deals has lengthened in the current Covid-19 environment.
Mhealthy connects health providers with employees, tracks and monitors the overall health of the workforce, provides scalable results through real time dashboard and audio/video health consultation thus reducing consultation time and action, the release stated.
Most firms, including Mindtree, Zensar, Persistent Systems, LTI and Hexaware, have seen an improvement in their free-cash flows and margins in the quarter ended June, mainly on account of strict cost-cutting initiatives, industry experts said.
The Bengaluru-headquartered software services exporter brought its employees back from the US, Australia and other countries. Nearly 80 employees and their family members have been recently brought back on a chartered flight from Australia on Thursday.
The business services provider has seen reduction in hiring in the facilities management, security and BFSI segments during the past three to four months.
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