Monthly Archives: April 2020

Indian IT firms are planning to reduce the dependency of subcontractors to control costs

As the COVID-19 is causing problems with revenue and margins fo the firms, Indian IT firms like Infosys, Wipro, TCS, MindTree are looking to reduce their dependency on the subcontractors to control the costs. According to a statement, these companies … Continue reading

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Around 2,00,000 H1B visa workers may lose their legal status by June

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Here is why many Indians are looking to buy US stocks right now

Several Indian investors are looking to buy US stocks to escape the falling markets at home and get exposure to global markets that are rising in the current situation Until now the situation of investing in the stocks of the … Continue reading

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IT companies in Karnataka to work from home until July end.

On Tuesday, the Karnataka government had announced the ease of restrictions in some parts of the state, where the impact has been reduced to some extent. Also, it announced that IT companies should continue to work from home until July … Continue reading

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Lowest in the decade. IT companies might record their lowest revenue in this decade

Various factors like cutting down on discretionary spending and slowing down on demand could cost the revenue of IT companies to a greater extent. With the current situation being bad many IT companies like Infosys, Wipro have said that they … Continue reading

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Microsoft Teams might be vulnerable and next in line for Cyberattacks, after Zoom

Recently, several reports have found out that Zoom can be hacked into and get personal data. Now researchers claim that the video conferencing platform by Microsoft, Microsoft Teams is likely to be vulnerable to cyber attacks These days cybercriminals are … Continue reading

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TCS, Wipro, Infosys are planning on an acquisition spree post-COVID.

The mega-rich IT services companies TCS, Wipro, and Infosys are likely to go on an acquisition spree to buy their rivals at a discounted price post-COVID. These three big companies have a combined cash reserve of $13 billion. With the … Continue reading

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Employees of Gurugram might work from home till July

Gurugram metropolitan authority CEO and Haryana Additional Chief Secretary V.S.Kundu has said that all the Multinational companies, BPOs, and ITes companies should allow their employees to work from home until July. Mr. Kundu is in charge of Covid-19 for the … Continue reading

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Is it the IT work model revolution? TCS is planning to ask 75% of its workforce to work from home permanently, post-COVID

TCS is making use of this COVID lockdown time effectively and is researching on a new 25/25 rule which will put an end to its 20-year-old operating model According to the new model, TCS is planning to ask 75% of … Continue reading

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Thousands of employees of TCS, HCL withdraw the EPF Amount due to corona

Over 9000 employees of Tata Consultancy Services(TCS) has withdrawn more than Rs. 43 crores from the EPF. This is due to the coronavirus pandemic. According to some company wise data, TCS ranks second in the number of withdraws done by … Continue reading

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Swiggy is planning to cut 1000 jobs

The food delivery startup Swiggy is planning to cut around 1000 jobs mostly from its cloud kitchen division. In a statement, Swiggy said they are exploring various options to survive this bad phase and focus on the growth and profitability … Continue reading

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Why could Indians already residing in the US be safe even after the temporary suspension of immigration

Recently, US President Donald Trump has announced the temporary suspension of all the immigration activities to the country. Experts say that this may not affect the Indians already residing in the country. They also said that this move could make … Continue reading

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India’s largest and richest Airlines announced a rollback in pay cuts for their staff

Indigo Airlines has announced today that it has reversed the pay cut of up to 25% for their staff, which was announced earlier. With this statement, the employees are going to get complete salaries for the month of April. However, … Continue reading

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Good news!!! Capgemini is planning to honor the job offers it made, which is around 8000

During the time when all the companies are planning to or already canceled the promotions and hikes, Capgemini is planning to digitally onboard all the new employees in India. The company staffs around 1,25,000 employees in India which is approximately … Continue reading

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Facebook invests Rs.43,574 crores in Reliance Jio platforms

Reliance industries and Facebook today announced the deal signed between them with Facebook investing Rs.43,574 crores in the Jio platforms. With this investment, Jio platforms are being valued by Facebook at Rs.4.62 lakh crores pre-money enterprise value(approximately 65.95 billion dollars … Continue reading

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