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Govt, RBI must tie up to uproot illegal digital lending apps: DLAI

DLAI has also sought clear licensing pathways and operating rules for the ecosystem

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

Layoff season continues: Wipro fires 452 freshers on performance grounds

Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23

PhonePe raises $350 mn from General Atlantic; now bigger than Swiggy, Paytm

Joins decacorn club as most-valued fintech after topping $12-billion valuation in new funding

In layoff season, social networks are stepping up to help ease the anxiety

Support and empathy on sites such as LinkedIn and a market that is still hiring are softening the blow

GoMechanic cooked the books, say investors as 70% staff is laid off

According to people in the know, investors may now ask GoMechanic founders to take leave of absence

Amazon back as world's most valued brand, Apple down to No 2: Brand Finance

Tech brands lose value; Tata Group and Infosys climb the charts

'Hard choices', says Satya Nadella as Microsoft cuts 10,000 jobs

The impact of the move on its Indian operations could not be ascertained

Microsoft invests in DarwinBox; to collaborate, integrate product ecosystem

DarwinBox will be the first HR tech SaaS based platform from Asia with whom Microsoft will also collaborate and see integration between Darwinbox and the Microsoft's product ecosystem

Accenture most valued IT brand, TCS & Infosys value up 2%: Report

Accenture retains top slot for the fifth year straight; Cognizant and Wipro fall in rankings

Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23

Amazon, Goldman Sachs employees flood social media with layoff news

Professional networking platforms, such as LinkedIn and Grapevine, were full of stories of layoffs

Instamart tests Swiggy's appetite for biz growth amid rising losses

With its rapid cash burn rate, early investors are questioning the food delivery platform's venture into quick commerce

Wipro follows IT trend, logs 2.8% rise in Q3 consolidated net profit

Vendor consolidation, low attrition help IT sector report a good third quarter

Google's argument in SC against CCI order contradictory: Indus OS CEO

US tech giant argues regulator's order will stall growth of the Android ecosystem in India

Cognizant announces leadership change, names Ravi Kumar S as CEO

Kumar joins Cognizant after a 20-year career at Infosys, where he held various leadership roles, most recently serving as president from January 2016 through October 2022

Better bench strength: IT hirings seen at pre-Covid levels in FY24

So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24

Q3 results: Infosys beats estimates, raises FY23 revenue guidance

Attrition down to 24% from 27% in previous quarter

We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam

We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively participating in the growth and optimization deals

TCS headcount down by over 2,000 in the third quarter of FY23

This is the first time since Q1FY21 that the headcount has come down