It Sector

Explained: Centre’s new Work-from-Home rules and how it allows for more flexibility

Rule 43 (A) introduced by the Ministry of Commerce and Industry allows employees in the special economic zone to avail of the work-from-home model for a period of one year, which can be extended by the Development Commissioner

H1B visa for Indian IT professionals would not come down: Nirmala Sitharaman

Commerce Minister Nirmala Sitharaman sought to calm frayed nerves on the H1B visa issue, saying the number of visas wouldn't come down for the IT sector.

S Jaishankar suggests free trade talks with EU stuck due to bloc's reluctance

The talks for the FTA have been stalled since May 2013 when both sides failed to bridge substantial gaps on crucial issues, including on data security status for the IT sector

HCL Technologies to acquire Australia’s DWS Ltd for Rs 850 crore; shares up by 4.01% on BSE

DWS, with FY20 revenue at AUS $167.9 million, has over 700 employees and offices in Melbourne, Sydney, Adelaide, Brisbane, and Canberra

Sensex drops 260 points, Nifty settles below 9,050-mark at close of trading session; banking, financial stocks drag

Sensex tumbled 260 points on Friday, dragged by losses in banking and financial stocks as RBI's rate cut and other measures to prop up the economy failed to meet market expectations.

Coronavirus impact: Work from home may become new norm, says Ravi Shankar Prasad at G20 meeting

While Prasad talked about work from home culture, he also spoke about the need for developing digitally connected and more resilient global supply chains supported by innovations.

Coronavirus Impact: IT services companies to suspend hiring this year, says industry veteran Mohandas Pai

India's information technology services industry would see hiring freeze this year and senior-level staff taking a 20-25 percent salary cut due to the adverse impact of the COVID-19 pandemic, says IT industry veteran T V Mohandas Pai

Over one million IT employees will continue to work from home post-lockdown: Kris Gopalakrishnan

More than one million information technology employees are expected to continue to work from home even after the coronavirus-inflicted lockdown situation returns to normalcy, says IT industry veteran Senapathy (Kris) Gopalakrishnan

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday

Prolonged lockdown may result in IT industry job cuts; pose huge challenge for startups, says ex-NASSCOM chief R Chandrashekhar

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates