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No downturn in IT sector; good number of jobs to come: Ravi Shankar Prasad

Union minister Ravi Shankar Prasad on Sunday dismissed as "completely wrong" the reports of a downturn in the Indian IT sector and said a good number of people will get jobs in the current fiscal.

 
 
Wipro Chairman Azim Premji's pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year.
Joining other rating agencies, Fitch today also downgraded Reliance Communications' debt, saying some kind of default is a "real possibility".
Eyeing a turnover of over $3 billion in India, IT infrastructure provider Dell EMC plans to invest $1 billion to set up its product development centre in Pune.
Ashutosh Sharma, head of investments in India for Naspers will join the Swiggy board.
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