Haripriya Sureban

1 week ago | ndtvprofit.com | Haripriya Sureban

Nuvama expects a degrowth in IT services' revenue of 0.4% on sequential basis, in constant currency terms, and a 1% contraction in dollar terms. “Margins are likely to largely remain flat QoQ. We expect Wipro to give -1% to +1% CC QoQ revenue growth guidance for Q1FY26,” it noted. Deven Choksey Research anticipates flat sequential revenue growth, driven by BFSI and healthcare vertical. The gains are expected to be partially offset by weakness in technology and communications business.

1 week ago | ndtvprofit.com | Haripriya Sureban

The Andhra Pradesh government will be allotting 21 acres land for a symbolic value of 99 paisa to IT firm Tata Consultancy Services (TCS), in Visakhapatnam, in a bid to make the city an IT hub. The proposal of land allotment has been approved in the cabinet meeting on Tuesday, according to a government official. This move is similar to the central government’s move of allotting land to Tata Motors for a symbolic value in Sanand, Gujarat.

1 week ago | ndtvprofit.com | Haripriya Sureban

Bengaluru residents, majorly tech professionals, are protesting against the poor infrastructure - bad roads, leaking sewage, increasing dust - in the city. Taking to creative ways to get the attention of the government, the residents made up songs, outlined potholes with rangoli powder and wore T-shirts printed with demands. Residents of the Panathur-Balagere area, close to the busy Outer Ring Road, where the majority of tech companies are housed in the city, protested on Saturday.

1 week ago | ndtvprofit.com | Haripriya Sureban

The Karnataka caste census report has recommended increasing the reservation for Other Backward Classes from 32% to 51%. The report was presented before the cabinet chaired by CM Siddaramaiah on Friday. A formal copy of the report has not yet been made public. NDTV Profit accessed some excerpts of the report. The Jayaprakash Hegde Commission, set up back in 2020 by the then ruling BJP government, submitted its report two months ago. The recommendation is made based on the cast census data.

2 weeks ago | ndtvprofit.com | Haripriya Sureban

IT major Tata Consultancy Services (TCS) will hire 42,000 freshers in FY26, while the decision on the wage hike cycle and increments remains undecided amid uncertainty in the demand environment. TCS employee count at the end of FY25 stood at 6,07,979, as the company added 625 employees in the fourth quarter. In the year, the company hired 42000 freshers.