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Business momentum stalling in IT sector amid margin pressures, slowdown in hiring: Kotak Mahindra AMC's Harsha Upadhyaya

Harsha Upadhyaya, President and CIO of Equity at Kotak Mahindra AMC, highlighted that the margin pressures have become evident in Indian IT sector companies. He also stressed that hiring in the industry has witnessed a slump, indicating a slowdown in business momentum. ....

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Attrition Rate Of Tata Consultancy Services At Nearly 20% In The Past Year

The attrition rate in the Indian IT services major Tata Consultancy Services (TCS) was at 19. 7 per cent in the past twelve months, it said in a regulatory filing to the stock exchanges. ....

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TCS Q4: Dividend, attrition, net profit, analysts view; here are key takeaways

The IT major reported a profit of Rs 9,246 crore in the corresponding quarter last year. On the other hand, revenue from operations grew 16.57 per cent YoY to Rs 50,951 crore.
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TCS fares better with lowest attrition rate; Infosys, Wipro lag

TCS fares better with lowest attrition rate; Infosys, Wipro lag
India s largest IT services company Tata Consultancies Services (TCS) continues to have the lowest attrition rate among the top three tech companies in India at 7.2 per cent for the quarter ending March 2021
Manoj Sharma | April 16, 2021 | Updated 11:37 IST
All the three big companies expect attrition rate to inch up in the April-June quarter of FY21
The big three of Indian IT industry, TCS, Infosys and Wipro have announced their fourth quarter financial results and all of them have ended the financial year 2020-21 on a high note. A high attrition rate amid huge demand for professionals, however, remains a worry. India s largest IT services company Tata Consultancies Services (TCS) continues to have the lowest attrition rate among the top three tech companies in India at 7.2 per cent for the quarter ending March 2021. ....

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TCS jobs: TCS' employee strength likely to cross half-a-million mark in FY22

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The company conducts a national qualifier test four times a year to hire engineers from across India. That would help if there’s a requirement of more people, he added.
TCS hired more than 40,000 people in FY21, ending the fiscal with 488,649 professionals. The company also maintained a lower attrition rate of 7.2% throughout the year.
Indian IT firms are hiring by the thousands to cater to demands of digital transformation from clients as a pandemic forced most to work from home. Most of the work is being moved offshore to countries such as India, where the talent is and where costs of delivery is still lower than other markets. ....

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