Tag Archives: growth

Karnataka government approves the 70% local jobs policy

Karnataka government approves the 70% local jobs policy. This is a new industrial policy for 2020-25, that aims to allocate 70% of the total job openings to Karnataka people. The industries Minister of Karnataka, while announcing this policy says that … Continue reading

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Salaries are cut and increments are canceled by Tech Mahindra. But jobs are safe

One of India’s biggest IT service provider Tech Mahindra has released a statement saying that due to the corona lockdown all the promotions and bonuses are put on hold for now. This is due to the lack of revenue since … Continue reading

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Infosys suspends all hiring, promotions and salary hikes

India’s second-largest software exporter by revenue, Infosys Ltd. is following a similar path set by its fellow companies to refrain from projecting revenue growth for the 2021 financial year. Earlier, last week Wipro has announced that it is refraining from … Continue reading

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IT sector could grow up to 7.7% in the Fiscal Year 2020 – NASSCOM

The National Association of Software and Services Companies, NASSCOM said that India’s IT sector could grow 7.7%, which is 191$ billion in the fiscal year 2020. This includes, the exports reaching up to 147$ billion. India’s Information Technology and back-office … Continue reading

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