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Infosys Inks AI Deal With Estimated $2 Billion Target Spend Over Five Years: Details
Infosys has inked a five-year deal with an existing client with a target spend of $2 billion (roughly Rs. 16,400 crore) for artificial intelligence and automation services, the IT services firm said in an exchange filing. According to Infosys, the agreement includes AI and automation development, modernization, and maintenance.
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Wipro's CEO Departs After Failing To Stanch Market Share Bleed
Wipro Ltd Chief Executive Officer Abidali Z Neemuchwala is leaving after a turbulent four years during which growth stalled and the Indian IT services giant fell farther behind rivals Infosys and Tata Consultancy Services (TCS).
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TCS, Accused Of Favouring Indians Over Americans, Cleared By US Court
A jury in California rejected claims that Tata Consultancy Services Ltd. has discriminated for years against American workers in favor of staffing its US offices with Indians.
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Sensex Records Biggest Single-Day Gain In Two Years: 10 Points
The Bombay Stock Exchange benchmark index Sensex surged 610 points to close at 33,917 on Monday while the NSE Nifty settled 194 points higher at 10,421, ahead of retail inflation and factory output data scheduled to be released later in the day. Banking, auto, metal, energy, FMCG and IT stocks finished the day with gains of around 1-2 per cent. Gai...
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TCS, Infosys, Wipro, HCL Tech, Tech Mahindra Ranked Among World's Top 100 Tech Firms
The list of World's 100 Leading Tech Companies, topped by Microsoft, identifies the industry's most operationally sound and financially successful organisations, Thomson Reuters said.
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Indian IT Firms Expected To Post Muted Q3 Revenue Growth, Visa Rules A Concern, Say Analysts
TCS will kick-off the third quarter earnings announcement season on January 11, followed by Infosys a day later.
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Seven Indian Companies Receive Fewer H-1B Visas in 2016, Claims Report
National Foundation for American Policy said the 9,356 new H-1B petitions for the top seven Indian-based companies approved in fiscal 2016 represent only 0.006 percent of the US labour force.
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Layoffs Rile India's Flagship IT Sector
India's IT sector boomed for more than two decades as Western companies subcontracted work to firms like Infosys, Wipro, and Tech Mahindra.
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US Accuses TCS, Infosys Of Unfairly Cornering 'Lion's Share' Of H-1B Visas
The US has accused top Indian IT firms TCS and Infosys of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.
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Indian Techies, IT Firms Sweat Over Trump’s H-1B Visa Review
H-1B visa review concerns are particularly acute in India, where IT firms like Tata Consultancy Services, Infosys Ltd and Wipro Ltd are top beneficiaries of the H-1B visa programme
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New H-1B Guidelines Crack Down on Computer Programmer Jobs
The changes don't explicitly prohibit applications for a specific type of job. Instead, they bring more scrutiny to those for computer programmers doing the simplest jobs.
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Indian IT Industry Faces Twin Challenges of Trump, Automation
Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week.
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What Is H-1B Visa? 10 Points You Need To Know
Proposed changes to the rules for H-1B visas for foreign workers in the US, which will impact Indian outsourcing firms like Infosys, Wipro and TCS, are being considered by American lawmakers. A bill introduced in the US House of Representatives calls for doubling the minimum salary of H-1B visa holders, making it harder for companies to hire foreig...
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Wipro CEO Abidali Neemuchwala Gets $1.8 Million Pay Package in First Year
This is higher than what Neemuchwala's predecessor T K Kurien earned at Wipro - however, his peers at rivals Infosys and TCS have fatter pay packages.
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Wipro Plans Big Bets on Digital Services to Double Revenue
The revival plan, first outlined in an internal company memo in February, comes as Wipro grapples with shrinking margins and falling profits.
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Infosys Inks AI Deal With Estimated $2 Billion Target Spend Over Five Years: Details
Infosys has inked a five-year deal with an existing client with a target spend of $2 billion (roughly Rs. 16,400 crore) for artificial intelligence and automation services, the IT services firm said in an exchange filing. According to Infosys, the agreement includes AI and automation development, modernization, and maintenance.
-
Wipro's CEO Departs After Failing To Stanch Market Share Bleed
Wipro Ltd Chief Executive Officer Abidali Z Neemuchwala is leaving after a turbulent four years during which growth stalled and the Indian IT services giant fell farther behind rivals Infosys and Tata Consultancy Services (TCS).
-
TCS, Accused Of Favouring Indians Over Americans, Cleared By US Court
A jury in California rejected claims that Tata Consultancy Services Ltd. has discriminated for years against American workers in favor of staffing its US offices with Indians.
-
Sensex Records Biggest Single-Day Gain In Two Years: 10 Points
The Bombay Stock Exchange benchmark index Sensex surged 610 points to close at 33,917 on Monday while the NSE Nifty settled 194 points higher at 10,421, ahead of retail inflation and factory output data scheduled to be released later in the day. Banking, auto, metal, energy, FMCG and IT stocks finished the day with gains of around 1-2 per cent. Gai...
-
TCS, Infosys, Wipro, HCL Tech, Tech Mahindra Ranked Among World's Top 100 Tech Firms
The list of World's 100 Leading Tech Companies, topped by Microsoft, identifies the industry's most operationally sound and financially successful organisations, Thomson Reuters said.
-
Indian IT Firms Expected To Post Muted Q3 Revenue Growth, Visa Rules A Concern, Say Analysts
TCS will kick-off the third quarter earnings announcement season on January 11, followed by Infosys a day later.
-
Seven Indian Companies Receive Fewer H-1B Visas in 2016, Claims Report
National Foundation for American Policy said the 9,356 new H-1B petitions for the top seven Indian-based companies approved in fiscal 2016 represent only 0.006 percent of the US labour force.
-
Layoffs Rile India's Flagship IT Sector
India's IT sector boomed for more than two decades as Western companies subcontracted work to firms like Infosys, Wipro, and Tech Mahindra.
-
US Accuses TCS, Infosys Of Unfairly Cornering 'Lion's Share' Of H-1B Visas
The US has accused top Indian IT firms TCS and Infosys of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.
-
Indian Techies, IT Firms Sweat Over Trump’s H-1B Visa Review
H-1B visa review concerns are particularly acute in India, where IT firms like Tata Consultancy Services, Infosys Ltd and Wipro Ltd are top beneficiaries of the H-1B visa programme
-
New H-1B Guidelines Crack Down on Computer Programmer Jobs
The changes don't explicitly prohibit applications for a specific type of job. Instead, they bring more scrutiny to those for computer programmers doing the simplest jobs.
-
Indian IT Industry Faces Twin Challenges of Trump, Automation
Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week.
-
What Is H-1B Visa? 10 Points You Need To Know
Proposed changes to the rules for H-1B visas for foreign workers in the US, which will impact Indian outsourcing firms like Infosys, Wipro and TCS, are being considered by American lawmakers. A bill introduced in the US House of Representatives calls for doubling the minimum salary of H-1B visa holders, making it harder for companies to hire foreig...
-
Wipro CEO Abidali Neemuchwala Gets $1.8 Million Pay Package in First Year
This is higher than what Neemuchwala's predecessor T K Kurien earned at Wipro - however, his peers at rivals Infosys and TCS have fatter pay packages.
-
Wipro Plans Big Bets on Digital Services to Double Revenue
The revival plan, first outlined in an internal company memo in February, comes as Wipro grapples with shrinking margins and falling profits.
