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Wipro too has set a target of hiring 17,000 freshers in FY22 and more than 22,000 next fiscal.

India's top 4 IT companies likely to onboard over 2 lakh freshers in FY22

Jan 17, 2022

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.

While you may not connect with the term semiconductors, you might have heard of chips, microchips, or ICs - after all, they are the brain of every modern electronic.

The complex ecosystem of chip manufacturing

Jan 16, 2022

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.

At the end of the December 2021 quarter, HCL had 197,777 employees with a net addition of 10,143 people.

HCL Tech to hire 20,000-22,000 freshers in FY22

Jan 14, 2022

HCL Technologies Chief Human Resources Officer Apparao V V said the company has already added 17,500 freshers as of January 10.

HCL Tech's attrition rate has climbed to 19.77 per cent for Q3FY22 which, according to Apparao, will see some flattening in next few quarters.

HCL Tech clarifies on bonus repayment policy for employees

Jan 14, 2022

On Thursday, BusinessToday.in reported that the company has removed one contentious provision of its bonus repayment policy post facing ire from former employees.

HCL Tech Q3 results

HCL Tech Q3: Net profit falls 13.6%; board approves interim dividend of Rs 10

Jan 14, 2022

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.

 The transaction is subject to regulatory clearance from the Hungarian Ministry of Innovation and Technology.

HCL Tech acquires Hungarian data engineering services firm Starschema for $42.5 mm

Jan 14, 2022

HCL noted that this strategic acquisition will bolster its capability in digital engineering and increase its presence in Central and Eastern Europe.

Mindtree, in its quarterly earnings report, said its earnings before interest and taxes (EBIT) came in at Rs 528.9 crore, a margin of 19 per cent.

Mindtree Q3 net profit jumps 34% YoY to Rs 437 crore

Jan 13, 2022

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.

TCS' revenue from operations increased by 16.35 per cent YoY and 4.31 per cent QoQ to Rs 48,885 crore.

TCS Q3 results: From share buyback to dividend, here are 10 key takeaways

Jan 12, 2022

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.

Foxconn, Apple say worker dorms for India iPhone plant don't meet required standards.

Apple puts supplier Foxconn's Tamil Nadu plant on probation for labour violations

Dec 29, 2021

Apple added that it will ensure strict standards are met before the facility reopens.

Powered by Infosys Wingspan, Infosys Springboard aims to enhance the digital literacy of students and help them be competent in digital technologies and supporting life skills.

CSC, Infosys collaborate to upskill 6 crore students in rural India

Dec 19, 2021

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.

Innovacer co-founders

Innovacer raises $150 million in funding round led by Mubadala capital; valuation jumps 3x to $3.2 billion

Dec 15, 2021

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 said that it is acquiring 100% share capital in Global Enterprise International Malaysia for a cash consideration of 6 million Singapore Dollars (approx Rs 33.32 crore).

Infosys acquires 100% stake in Singtel's Malaysia arm for $4.4 million

Dec 15, 2021

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.

The company said it expects to recruit more than 2,000 graduates over the next 36 months as part of its US early career and training program -- Rise at HCL.

HCL Technologies to hire 12,000 employees in the US over next 5 years

Dec 06, 2021

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.

Nandan Nilekani laid down three parameters for providing impetus to the fast-growing digital economy

India can have 9-10 million strong tech workforce in next few years: Nandan Nilekani

Nov 26, 2021

Talking at an event, the Infosys co-founder noted that Indian tech companies are concerned about the rising attrition rates.

The expanded Oracle Cloud Mumbai Region will be available in 2022.

Oracle and Bharti Airtel partner for cloud solutions ahead of 5G rollout

Nov 10, 2021

 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.

Cognizant continues to concentrate on areas of analytics, cloud, digital engineering, internet of things (IoT), and artificial intelligence (AI).

Cognizant Q3 revenue jumps 11% to $4.7 billion

Oct 28, 2021

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.

Govt expects Indian electronics manufacturing to hit $300 bn by 2024-25: MoS IT

Govt expects Indian electronics manufacturing to hit $300 bn by 2024-25: MoS IT

Oct 23, 2021

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.

Despite supply constraints, HCL Tech's deal pipeline, according to the Chief executive Officer(CEO), C Vijayakumar was very robust

HCL Tech doles out share ownership policy for 3,000 employees amid IT talent war

Oct 14, 2021

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 company will hire over 12,000 freshers in the current financial year, up 33 per cent from last year.

Wipro set for big-ticket hiring as attrition rate widens in Q2; net profit up 18.9% YoY

Oct 13, 2021

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 demand environment for digitisation spends hasn't gone down considerably, Infosys CEO Salil Parekh said.

Infosys ups its revenue guidance for FY22 despite rising attrition woes, to hire 45,000 freshers in FY22

Oct 13, 2021

The attrition rate for Infosys has climbed to 20.1 per cent in the September quarter.

TCS is aiming to double down on its hiring target and is likely to hire 78,000 employees in FY22

TCS hires 43,000 freshers in 6 months to offset attrition challenges; India biz rebounds

Oct 08, 2021

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.