The idea of working from home, once derided in India owing to the widely held belief that one "worked" only if one went to an "office", is now no longer an incentive but a necessity.
Indian IT industry is one of the biggest Indian employers in China, with around 22,000 employees in the country, including locals as well as expatriates.
More than 90 per cent of staffers of most IT services firms are working from home. The companies are in no hurry to bring them back despite the relaxation in lockdown.
Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.
Companies are tying up with Cloud platform firms, ramping up internal team of specialists
The IT firm will soon initiate discussions with colleges to start the process from September
The stock of Infosys is making a higher top and higher bottom pattern on the daily chart and reclaimed its long term moving average of 200-DMA which is placed at 708 levels
In the past three months, there has been at least one percentage increase in staffers on the bench
Fewer deals wins, delay in ramping up of existing deals and likely price cuts are key worries expected on the back of subdued demand, thanks to the disruption in the global economy
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said
In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.
Scaling up of new deals and lowering costs are imperative for the up to 33 per cent gains in share prices to sustain
Under the provisions, the government covers 80 per cent of salaries of furloughed staff, up to the value of GBP 2,500 a month, in order to prevent companies having to resort to redundancies
Appoints French IT services firm's COO Thierry Delaporte for its top post
India's biggest IT firms moved swiftly when a lockdown became imminent in March. How prepared are they to deal with the challenge of clients reducing spending on technology or asking for discounts?
Anantha Radhakrishnan, CEO and MD of Infosys BPM, sees in this disruption an opportunity to digitise the entire value chain
Many of the industry's clients closed their set-ups globally as part of containment measures to check coronavirus. Travel and hospitality, aviation, retail, auto and manufacturing hit the hardest
Whistleblower complaints alleging certain unethical practices by the top management emerged in October last year
Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war
While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality