Page 4 - It Industry

No manufacturing units in new industrial areas to curb pollution: Delhi CM

Kejriwal announced on Monday no manufacturing units will be allowed in new industrial areas of the city and these zones would be available only to services and hi-tech industries

Techfynder to add 150,000 professional contractors in India by 2021

Techfynder, one-stop solution for hiring IT contractors globally, on Monday said it is planning to register 1,50,000 professional contractors in India by next year. "We're seeing a huge increase in demand for contract and remote workers on our platform, one that will have a significant long-term impact on the labour market. Globally, we're seeing four times rise in the number of jobs that offer contract and remote work since March," the company told PTI. It added that next year, the company plans to have four lakh professional contractors registered globally and 1,50,000 in India. Techfynder has added 44,000 contractors from India over the past year, and the platform now has 45,000 contractors registered from the country, depicting a 45-fold increase in its Indian user base compared to last year's 1,000 contractors. Over 1,22,000 contractors have joined the platform globally during the third quarter of 2020, a 32 per cent quarter-on-quarter growth in terms of users. Techfynder now

IT adopts the no-shore model, where employees' location doesn't matter

Industry experts say one of the biggest changes the pandemic has brought is the way the industry operates

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

Street signs: Route Mobile IPO, brokers eye tech improvement, and more

Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Covid-19 likely to impact 5% IT employees in India, take away 200,000 jobs

The Indian IT and BPM sector employs around 4.4 million people, directly and indirectly. Every year, around 2-3 per cent of the employee base get impacted owing to performance related issues

Products and platform business a safe bet for HCL Technologies: Experts

The normal hurdles of the services business such as pricing discounts, volume contractions, and budget cutdowns do not affect the products business

Rising SaaS adoption to ensure global sway of IT services firms

The final part of the series looks at how Indian firms compete with global peers

Is the worst over for IT? Q1 earnings of firms send out growth feelers

Pandemic impact bottomed out in Q1, second half likely to see better growth

IT industry headed for Uberisation of workforce: Capgemini India CEO

Capgemini India's Chief Executive Officer Ashwin Yardi talks to Bibhu Ranjan Mishra and Sai Ishwar about the impact of Covid-19 on business

Infosys to gain as clients look to consolidate vendor base: Nandan Nilekani

Speaking on the learnings from the pandemic, Nilekani said, organisations would emerge more agile and resilient from the crisis

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

Trump's temporary ban on immigration visas leaves tech industry miffed

The US press reported that the Trump administration is also weighing several additional changes to legal immigration via regulation

Infosys expects 35% of staff to work from home amid Covid-19 crisis

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.

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

Contracts to outsourcing: How Covid-19 may disrupt India's IT sector

Cornavirus pandemic likely to push the sector to bring in changes to operating and delivery models.

Muthappa Rai, don of an era whose story was linked with Bengaluru's rise

Rai, 68, died on 15 May, after he lost the battle with cancer.

'Polarised' and 'sell on rally' may define markets' character, say experts

With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast

L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4

Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.