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Monday, 13 July 2020

Put in co-ordinated efforts to keep cash collections high: TCS CFO V Ramakrishnan

While Tata Consultancy Services’ revenue and margins disappointed analysts, the company’s cash collections were surprisingly robust.

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Tech Mahindra brings back 210 employees from the US

A special chartered flight from Dallas/Fort Worth International Airport took off on July 13 to bring the employees back and will land in Hyderabad on Tuesday. This comes a week after Infosys similarly chartered a flight to bring back 76 employees and their families from the US.

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Google to invest $10 billion in India, will use money to up digital stake

Pichai did not confirm or deny rumours of stake acquisition talks in Reliance Jio or Vodafone-Idea and said the company will continue to build products out of India which will be scaled up globally like Google Pay.

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India seeks to limit Facebook, Google dominance over online data

The document named U.S. giants Facebook Inc., Amazon.com Inc., Uber Technologies Inc. and Alphabet Inc.’s Google as the beneficiaries of first-mover advantages and network effects that have “left many new entrants and start-ups being squeezed and faced with significant entry barriers.”

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We have no plans to lay off any employee owing to pandemic: Wipro chairman Rishad Premji

Premji, who took charge in July last year, was addressing his first annual general meeting (AGM) as the Chairman of Wipro. Wipro, like other Indian IT services companies, have reduced new hiring in the wake of the pandemic induced slowdown across geographies. “Safety and well-being of our employees are of paramount importance,” Premji told shareholders.

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Sunday, 12 July 2020

Like last year, TCS to hire 40,000 freshers

In the US, apart from engineers, TCS has also been recruiting graduates from the top 10 B-schools. It’s hiring both freshers and experienced professionals for key business roles. “Local delivery is not new to us, we just had to increase the scale,” said Lakkad. TCS has hired more than 20,000 Americans since 2014.

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Indian companies drag feet on e-security spends

Global Information Security Survey Report is based on responses from about 190 firms in India. Almost 60% said they are unlikely to detect a sophisticated cyberattack and 31% said their cybersecurity team is involved right from the start of a new business initiative.

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