Page 12 - It Sector

Infra push: IT hubs lead surge in price of residential real estate

Hyderabad's Gachibowli logs highest rise in avg prices between Oct 2020 and now

Best of BS Opinion: Making in India, The governance imperative & more

Here is the best of Business Standard's opinion pieces for today

Laptop, tablet imports surge 42% to $715 million amid licensing fears

The rise in such imports were led by the largest source China (33 per cent) and Singapore (188 per cent), according to data released by the commerce department

COMnet expands Its service offerings to cater to its rowing range of customers

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NITES files complaint against TCS over forced transfer of employees

The Nascent Information Technology Employees Senate (NITES) filed a complaint against Tata Consultancy Services over involuntary transfers of over 2,000 employees

NITES approaches Centre against 'unethical' transfer practices of TCS

IT workers' union NITES (Nascent Information Technology Employees Senate) has approached the Ministry of Labour and Employment against the alleged "unethical transfer practices" of Tata Consultancy Services (TCS). An email to TCS seeking comments on the issue did not elicit a response. NITES has issued a statement saying it received more than 180 complaints that TCS has allegedly been "systematically forcing" more than 2,000 employees to transfer to different cities without proper notice or consultation, causing immense hardship to them and their families. Pune-based NITES claimed that the company has cautioned the employees that failure to comply with the transfer directions will result in disciplinary actions. "We are deeply concerned about the unethical transfer practices of Tata Consultancy Services... We have urged the Ministry of Labour and Employment to investigate TCS' actions and take appropriate measures to protect IT workers from such unethical practices," NITES Preside

Half of Indian IT leaders feel security missing component in data policy

As many as 49 per cent of Indian IT industry leaders feel that security is a missing component in their organisation's data policy, a study by US-based data security firm Rubrik has revealed. As marquee brands continue to reveal the challenges of successful cyber attacks targeting their business data, the report said it has found a "stark reality". It says that globally, about one in every two organisations surveyed suffered a loss of sensitive data during last year. The research was conducted in the US, the UK, France, Germany, Italy, the Netherlands, Japan, Australia, Singapore, and India between June 30 and July 11, 2023. The data includes over 35 exabytes of logical storage secured and more than 24 billion sensitive data records from January 2022 through July 2023. In fact, one of six organisations experienced multiple losses of data in the past 12 months, the report, which was released on Wednesday, said. In the research report, 'The State of Data Security: The Journey to Se

CP Gurnani to step down as director of Tech Mahindra on December 20

Along with Gurnani, Vijay Kumar will also step down as the non-executive, non-independent director of the company on December 20

Top tech colleges lower compensation requirement to woo recruiters: Report

Budget constraints, especially in the IT sector, discourage recruiters from visiting campuses this year

MCA launches framework for self-governing standards on fact-checking

A framework for trusted fact-checkers in India has been under discussion for over 10 months

IT-focused cities in India seeing job de-growth: Naukri JobSpeak report

The report further suggested that the market is now preferring experienced professionals over freshers

Weekend Bites: More trouble in IT paradise, RBI's plans, and taxing expats

In which we munch over the week's platter of news and views

Wipro Q2: Analysts cut EPS est, price targets to factor more revenue slide

Wipro Q2 results review: The stock took a hit and fell up to 4 per cent intra-day as brokerages lowered earnings estimates and trimmed price targets

Weak outlook

Growth in the IT sector will remain muted

Mphasis acquires Salesforce service partner Silverline for over $132 mn

Mphasis says the deal is part of its plan to prepare for future applied technology and predict trends

Accenture skips pay hikes and promotions in India and Sri Lanka this year

The US-based IT firm has cited challenging macro environment and slower growth than was initially planned as reasons for skipping pay hikes during the company's financial year (September to August)

Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%

For the second quarter of FY24, the company reported net profit of Rs 6,212 crore up 3.2 per cent year-on-year (YoY). Sequentially, it was up 4.5 per cent

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

India witnesses decline in data science & analytics jobs in 2023: Report

Great Learning report reveals that the highest job opportunities are available for people with one to five years of experience compared to freshers and seasoned professionals

Trade pacts with G20 member countries can help India boost exports: CII

Negotiating trade pacts with certain G20 countries and diversifying exports to regions like Brazil and Mexico could help India boost outbound shipments and manufacturing in the years to come, Chairman, CII national committee on EXIM, Sanjay Budhia, said on Wednesday. He said that tapping into opportunities in G20 countries is crucial for India's economic growth and global influence. India should diversify its export markets within the G20 countries, Budhia, who is also Managing Director of Patton Group, said. He added that while traditional partners like the United States and the European Union remain important, exploring emerging markets within the G20, such as Brazil, South Africa, Indonesia, and Mexico, can open up new avenues for Indian goods and services. "Negotiating and implementing trade agreements and bilateral deals with G20 member countries may be helpful to tap potential between India and G20 countries. Such agreements can reduce trade barriers, tariffs, and regulatory