Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.
Dynastic governance constrains India Inc
The data compiled by the BS Research Bureau shows that never before have all four firms seen a fall in staff count, at least not for a decade, despite several business cycles.
He was the last founder chairman in the Indian IT services industry to step down.
Chief Executive C VIJAYKUMAR talks to Sai Ishwar on the company's cost optimisation plans, impact of H-1B visa row, and mergers and acquisition plans
Daughter Roshni Nadar Malhotra succeeds him to the top job
In the quarter ended Q1FY21, the company on Friday reported a profit before tax (PBT) of Rs 3,862 crore, up 31.7 per cent year on year (YoY), while it remained flat on a sequential basis.
Valuations too are attractive, at a 35 per cent discount to Infosys
Nadar will continue as managing director and hold the designation of Chief Strategy Officer
The IT major had registered a net profit of Rs 2,220 crore in the April-June 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing
HCL Tech, according to ICICI Securities, is expected to report 8 per cent quarter-on-quarter (QoQ) dip in dollar revenues to US$2339 million
Infosys, TCS, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index hit their respective record highs today
The technology industry is one of the largest recruiters for fresh graduates in the country.
Performance review likely to see some retrenchments
Leading business houses report pre-tax loss of Rs 19,342 crore in Q4
Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit
According to the US Citizenship and Immigration Services data, the share of Indian companies among the top 10 visa recipients has dropped from 51 per cent to 24 per cent during the 2016-19 period.
More than 90 per cent of staffers of most IT services firms are working from home. The companies are in no hurry to bring them back despite the relaxation in lockdown.
Companies are tying up with Cloud platform firms, ramping up internal team of specialists
The 'all-in-one' control room, which can be reached on toll free number 18004192211, was set up by HCL at one of its facilities in Noida