TCS says still committed to 25-by-25 remote work model

Tata Consultancy Services, the country’s largest IT services company, today reiterated that it is committed to its 25-by-25 model according to which the company has set a goal of reducing office attendance for its employees by 75% by the year 2025. According to the model, which was unveiled soon after the COVID-19 pandemic forced the […]

Banks beat IT cos in 2021 job growth, media sees biggest fall

Industries such as banking and financial services and insurance (BFSI), and production and manufacturing showed the highest growth in hiring activity in 2021, while media and construction segments showed the biggest declines, said Monster.com India in its annual trends analysis. The BFSI and the manufacturing sectors both saw hiring rise by 31%, while telecom witnessed […]

Bharti Airtel abandons ‘digital pivot’ strategy as 5G auction nears

Bharti Airtel has abandoned its plan to reorganize its corporate structure by focusing on the digital business — such as its Wynk app, Airtel Cloud, Airtel Xstream and so on — by moving all telecom infrastructure into a different subsidiary known as Airtel Ltd. The move was announced eight months ago, and was widely seen […]

TCS, Airtel take a step towards human-less factories

Tata Consultancy Services and Bharti Airtel said they tested a 5G-enabled and automated manufacturing set-up using the trial 5G spectrum allocated by Department of Telecom. Called ‘Neural Manufacturing Suite’, the technology aims to implement a ‘lights out’ factory set-up, in which the factory produces everything by itself without human or worker supervision or intervention. This […]

Promoters to sell stock to supply working capital to Marshall Machines

Industrial automation player Marshall Machines said its promoters will sell around 3.4% of the company to raise capital to meet the company’s working capital needs. The promoters currently hold around 73.4% of the total outstanding shares, which will come down to 70% by the end of the exercise. A 3.4% stake in the company is […]

Vakrangee adds stock trading, demat account service in tie-up with Upstox

Vakrangee Ltd, which runs over 13,200 digital kiosks across the country, said its franchisees will now be able to offer share trading and demat account opening services thanks to a tie-up with stock trading app Upstox. Vakrangee Kendras already offer a variety of internet-enabled services, such as bank account opening, issue of government certificates, money […]

Infosys buys Singtel’s Malaysia delivery center

Infosys Ltd, one of India’s top IT services providers, said it has agreed to acquire Singapore Telecom’s Malaysia delivery center for up to SGD 6 million or around Rs 33.3 cr. Global Enterprise International Malaysia “acts as a delivery center to provide customer experience and technology services to Singtel,” the Bangalore-based company said. The company […]

HCL Tech inaugurates swanky new office in Colombo with 10 floors, 4k seats

HCL Tech, one of the top five IT services providers based out of India, announced the opening of its largest delivery center in Sri Lanka. Located in a newly built complex known as Cinnamon Life in Colombo, the 10-storey center will accommodate 4,000 workers — four times the number of Sri Lankans employed by the […]

Happy with work-from-home, no plans to go back to office- HGS

Hinduja Global Solutions, one of India’s largest BPO providers with nearly 47,000 employees, said it was quite happy with how things are going under the ‘work from home’ mode, and has no immediate plans to shift employees back to the office. The comments come even as IT firms like TCS have asked employees to be […]

KPIT Tech in tie-up with German auto parts giant

Two weeks after announcing that it plans to invest more and more in developing ‘computer controlled vehicle technology’, Pune-based embedded software company KPIT Technologies has announced a tie-up with ZF, a €33 billion German automobile technology provider. KPIT Tech said it will develop software for next-generation, automated vehicles with ZF, which is based in Munich […]

Vakrangee to spin off IT business, listed separately

Vakrangee Ltd said it would spin off its IT services business into a separate, listed entity. The company’s mainstay business of franchising Vakrangee Kendras, as well as its BharatEasy app, will remain with the current listed entity known as Vakrangee Ltd. The company said it was doing so as both businesses have evolved into very […]

Vakrangee sees strong Q2 growth, reiterates FY22 targets

Vakrangee Ltd, India’s largest operator of IT-enabled kiosks and service centers, reported a strong increase in its operating financials for the September quarter as its performance clearly overshot pre-COVID levels. The company’s total revenue jumped to Rs 207.2 cr for the three months ended September this year, up from just Rs 70.2 cr in the […]