TCS to hire 30,000 employees this fiscal: Ratan Tata

Tata Consultancy Services Chairman Ratan Tata said the company is planning to hire around 30,000 employees this fiscal. "We estimate our manpower growth would be 30,000 new people this year," TCS’ Chairman, Ratan Tata, told shareholders at the company’s annual general meeting (AGM).

The company has 1,60,00 employees and added 16,851 professionals in Q4 of [...]

Attrition at peak in Indian IT industry at PM level – Infosys ‘Green Channel’, HP ‘HomeComing’

We have spoken a lot about attrition. Ever since the market recovered globally, Indian IT companies which did not give much hike for the last two years are facing attrition at never before levels. Continuing in the same trend, IT companies these days are facing a strange trend.
Now when market has recovered globally, with renewed [...]

Hikes in 2010: Pharma to give maxiumum, IT minimum

In a shocking reveleation, the Indian pharma sector is expected to give maximum hikes this year, followed by engineering. The darling of all, IT sector is lying at the bottom of the table when compared with other sectors on the parameter of hikes which will be rolled out in 2010-11. Software industry will continue to [...]

Hikes & Hiring are back. So is attrition!!

Owing to the uproar in the IT industry, we have been hearing news of hiring, wage hikes and improved business. Of late we have posted a number of times, about hikes in Infosys, Wipro, TCS and many other companies. Associated with all this is the attrition.
People have been sticking to their jobs for [...]

Infosys shares at record high. May go higher up!!

Infosys Technologies shares plunged to their all time high value of Rs 2,823.8 yesterday. This is owing to the strong sales forecast for the year head, by Infosys, India’s No 2 software services exporter.
The revenue outlook looks 12-15% higher than expected, this is due to the increased demand outlook for outsourcing services.
Experts are also of [...]

Wipro and TCS bag major contracts

IT majors in India, Wipro and TCS have bagged major contracts. While Wipro has managed to bag the 3 Year IT services contract with Aquarion Water Company, one of the largest water utilities in the United States. TCS has tapped upon the domestic clients and has bagged India’s largest state-wide area network (SWAN) project from [...]

Good News for Indian IT Companies

The global recession has brought in some good news indeed to the Indian IT market. According to a survey by IBM Corp, Indian IT firms will lead the second wave of adoption. The reasons primarily are that when Global firms are going slow on their expansion, Indian firms are not that conservative in this aspect [...]

Salary hikes and bonuses announced in Indian IT firms

More good news for IT professionals in India. More and more Indian IT companies have planned to lift the freeze on hikes and promotions. First, it was wipro and now Mphasis-EDS,Sonata Software and Symphony Services are also planning to give hikes and bonuses also. This is happening primarily because of newer contracts which these companies [...]

Major boost to the Indian IT industry – Deals with British Petroleum

British Petroleum, one of the world’s largest integrated oil and gas company, has signed a $1.5bn deal with India’s leading technology companies. This comes at a time when the Indian IT industry is just waiting for a boost. This 5 year deal signed will be shared by the major Indian players like TCS, Infosys, Wipro. Reports say that TCS may bag $350-400 million of this deal. Infosys may bag around $200 million. Even earlier, the IT infrastructure management of the petroleum giant was outsourced to a number of vendors over the world, including a few Indian companies. However, BP is now looking at reducing its IT cost by 30% and hence consolidated its operations with a few IT vendors. From approximately 20 vendors earlier, BP has consolicated to 5 vendors now, out of which 3 are Indian companies. This consolidation will surely give Indian IT industry the ….

TCS to hire 25,000 more software professionals

… India is in recession or growth slow down period ? Did you hear, what TCS (Tata Consultancy Services) has announced few days back ? TCS is hiring 25,000 people globally in fiscal year 2009 and 90% of them in India alone. Be it in Quarter revenue results or people hiring, TCS is continuously exceeding the market expectation. Oe of the top… less number of hiring for them in this fiscal year. Also, it was said they are going to start IT operations in Tier 2 cities, as their existing offices in metros like chennai, bangalore, hyderabad, mumbai, kolkatta can’t accommodate such a huge new numbers. Meanwhile, they have been very active in campus recruitment also this year, who would join … usually visit top 25 colleges in and around TamilNadu in the first few slots and grad the creamy layers. Last year campus recruits’s joining dates were delayed by 6 months or so. Now, it is been heard they have been receiving joining calls in stages. With additional 25,000 head count, TCS’s total IT army would be around 1.8 lakhs, which …