Page 7 - Indian It Sector

At Rs 29.16 cr, former TCS CEO Gopinathan earned 13% more in FY23 than FY22

Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector

Sonata Software announces partnership with SAP Commerce to drive innovation

/ -- Sonata Software, a global Modernization and Digital Engineering company, has announced a strategic partnership with SAP Commerce to drive digital innovation and help businesses accelerate their digital transformation journey. SAP Commerce, a leading enterprise e-commerce platform, will be integrated with Sonata Software's digital commerce expertise to provide customers with end-to-end e-commerce solutions, including storefront design, implementation, and maintenance. The partnership aims to offer seamless and personalized experiences to customers across various touchpoints and channels. Commenting on the partnership, Mr. Anthony Lange, Global Partner Officer of Sonata Software, said, "We are excited to partner with SAP Commerce to drive digital innovation and help businesses adapt to the new normal. Our collaboration will enable customers to leverage the power of SAP Commerce's advanced capabilities and Sonata's expertise in delivering digital commerce solutions to achieve their

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

IT sector slowdown results in 30% decline in hiring of freshers: Report

The study revealed that several factors contributed to the slowdown in hiring, which includes increased focus on upskilling and reskilling of existing employees, rather than hiring new ones

IT firms give staffing companies a miss, fill vacancies internally

Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, the situation has completely changed today

'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'

In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more

Infosys to open campus in Kolkata to bring office closer to talent pool

Infosys is taking these steps to minimise inter-city travel for its employees and provide them with greater flexibility

'Anxiety at peak': Accenture layoff move jolts Indian IT professionals

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Govt planning to set up index to track states on their digital initiatives

The index will establish better coordination among states for learning from each other's work in the domain

Top-level exits at Infosys do not impact long-term growth: Experts

Mohit Joshi has joined Tech Mahindra as its CEO and MD. Experts have said that the development is consequential given the macroeconomic circumstances

Infosys collaborates with mobility specialist ZF to revamp supply chain

/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division of ZF, Infosys has implemented SAP IBP for demand planning and inventory optimization. Infosys was chosen to assist ZF on this transformation journey for its proven expertise in SAP IBP implementation and a plethora of in-house tools and accelerators, backed by efficient teams. As a part this initiative, Infosys leveraged its hybrid agile implementation methodology to replace multiple legacy demand planning tools at ZF Aftermarket, with a unified, global SAP platform. Further, by facilitating two-way flow of business-critical data between the new platform and external systems, Infosys has helped facilitate complex operations planning with .

90% firms lack culture, structure to unlock digital growth: Infosys report

A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute. The report -- based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India -- found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions. Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage. The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital

Hiring resumes in Indian IT sector after months-long slowdown amid layoffs

Amid ongoing global layoffs especially in the tech sector, hirings in India saw a 9 per cent sequential growth in February and the IT sector signalled a positive comeback after witnessing a decline

Google layoffs have nothing to do with performance: Sacked Indian employee

Even as tech giant Google continues to cut down staff, a sacked Indian employee stated that the layoffs are not based on performance

Wipro President Rajan Kohli resigns after nearly three decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees

80% of Wipro's employees will get 87% variable pay for the third quarter

Wipro has proposed to pay 87 per cent of the variable pay component to over 80 per cent of its workforce, according to a communication in the company's internal email

Cost cutting measures around the world help Top Indian IT firms gain ground

IT firms across the globe have taken steps to optimise costs in the current uncertain economic environment

IT firms tighten employee scrutiny amid high costs, thin margins: Report

The senior employees who have been hired at a premium over the past two years will also face a greater degree of scrutiny

Indian IT services industry's growth might drop in near to mid-term: Icra

The growth momentum of Indian IT services industry is likely to slow down in the near to mid term as macroeconomic headwinds trigger lower discretionary IT spends, ICRA said on Monday. Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds. Indian IT services companies have witnessed a moderation in growth in the last two quarters in constant currency terms owing to the base effect and evolving macroeconomic headwinds in key markets of the US and Europe. Due to these headwinds, the decision-making towards discretionary IT spending has seen a slight deferment, while the cost optimisation deals continue to generate stable demand, it noted. "Growth momentum for the Indian IT services industry likely to slow down in the near to medium term," ICRA said in a statement. The slowdown is on account of evolving macroeconomic

Finland invites Indian tech professionals during global layoff season

Nordic country aims to double work-based migration and triple study-based migration by 2030