IT services firm Accenture forecast first-quarter revenue below Wall Street targets on Thursday, as a tough economy forces clients to defer projects and scale down scope of deals
Multiple local organisations have called for a Bengaluru bandh on Tuesday expressing dissent over the Karnataka state government's decision to release Cauvery water to Tamil Nadu.
Infosys and HCLTech have chosen not to implement raises, while Wipro has postponed its announcement to the third quarter. Tech Mahindra has granted increments to junior and mid-level employees but deferred them for senior roles. TCS, on the other hand, has given an average hike of 6% to 8%.
According to a TOI report, Infosys and HCLTech have chosen not to implement raises this time. Typically, Infosys announces its salary hikes in June/July, with them taking effect from April. HCLTech has opted to skip increments for mid to senior employees in this fiscal year and has postponed raises for junior employees by a quarter.