This comes at a time when these companies have struggled to retain the existing workforce and have consistently reported high attrition rates in past few consecutive quarters.
From computing devices to smart appliances, automotive to healthcare equipment, data centres to satellites in space, semiconductors are the driving force behind every electronic device and every innovation.
HCL Technologies Chief Human Resources Officer Apparao V V said the company has already added 17,500 freshers as of January 10.
On Thursday, BusinessToday.in reported that the company has removed one contentious provision of its bonus repayment policy post facing ire from former employees.
The IT major's revenue rose 15.7% YoY to Rs 22,331 crore in the said quarter as against Rs 19,302 in the same quarter last fiscal.
HCL noted that this strategic acquisition will bolster its capability in digital engineering and increase its presence in Central and Eastern Europe.
The technology consulting and services company's revenue from operations was Rs 2,750 crore, clocking a growth of 36% from a year ago. It stood at Rs 2,023 crore in the same period last year.
The IT company's board has recommended a buyback of shares to the tune of Rs 18,000 crore at Rs 4,500 per share.
Apple added that it will ensure strict standards are met before the facility reopens.
CSC and Infosys will work together to upskill students and learners from underprivileged communities in rural and semi-urban areas across India and help them develop vocational and professional skills.
The funding round also saw participation from existing investors B Capital Group, Microsoft’s M12 fund, OMERS Growth Equity, Dragoneer, Steadview Capital, Tiger Global Management.
Infosys Consulting has made the acquisition with an aim to broaden its presence as a strategic delivery and sales hub in South East Asia for international clients.
India's IT service firms are increasing localised workforce in key client geographies like the US and Europe to reduce the dependency on H1-B visas.
Talking at an event, the Infosys co-founder noted that Indian tech companies are concerned about the rising attrition rates.
As part of the collaboration, Airtel Business and Oracle will also jointly market Oracle Cloud solutions to enterprise customers in the private and public sectors.
The company's digital revenue jumped 18% annually and contributed 44% to total revenues for the September quarter in view of digital booking continuing to grow.
Minister of State for Electronics and IT Rajeev Chandrasekhar said in 2014-15, the electronics production in the country was about Rs 1.8 lakh crore which grew to Rs 5.5 lakh crore in five years.
The company, according to the HCL Tech's CHRO, is on the track to hire 10,000-12,000 in next two quarters and made a net addition of 11,135 employees-the highest ever in a quarter during Q2, FY22.
The attrition rate rose sharply to 20.5 per cent from 15.5 per cent in Q1 as the demand for IT professionals increased. It added a record 11,475 people in Q2.
The attrition rate for Infosys has climbed to 20.1 per cent in the September quarter.
The IT major's Chief Human Resources Officer, Milind Lakkad described the attrition levels as concerning and it is likely to continue for the next two-three years.
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