So far it's not clear how badly the tech giants might be hit. Some of the early clues are expected this week when Google's corporate parent, Alphabet, and Facebook report their first-quarter financial results. But those results will only give a hint of the impact, given that the pandemic didn't start to zap the global economy — and ad budgets — until late February.
US also marked a slew of issues in India’s digital trade including those in the ecommerce policy.
Analysts said other BPM companies are also taking cost-cutting measures, such as delayed increments and promotions, as they increasingly look to maintain existing contracts with clients. Although WNS reported strong growth in the previous financial year, Murugesh said clients across industry sectors have been impacted and the company was witnessing at least “six months’ pause” in business growth.
According to the suit, the former employees have alleged “discrimination” against staff who are not of South Asian and Indian origin. The employees have sought “injunctive, declaratory, equitable, and monetary relief for Wipro’s systematic pattern and practice of discriminatory employment practices based upon individuals’ race and national origin.
The Chairman of early stage startup accelerator and venture fund, Axilor Ventures, also said that many of the smaller Indian startups have found that they are as effective working out of home and are now wondering whether they require permanent office space at all.
A Crisil note said due to the aggressive play by the telcos, the number of subscribers has stagnated at 19 million since 2016. Till now, the lower speed 4G served the purpose for people due to affordable smartphones, it noted. "But now, subscriptions to fixed broadband, especially in the urban areas, have surged because millions are working from home...," it said.
The US government’s massive $2-trillion stimulus is expected to provide liquidity to companies, including banking and financial services that are the biggest outsourcers of IT. Infosys gets 31% of its revenue from banking, financial services and insurance (BFSI).from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
