Top News (3)
15 Feb 2024
IT services firm Prodapt appoints former Tech Mahindra exec Manish Vyas
Vyas, who joins Chennai-headquartered Prodapt after a 23-year-plus tenure at Tech Mahindra, will guide the leadership team to drive strategic initiatives, the statement by Prodapt said. Vyas quit Tech Mahindra, India’s fifth-largest software services firm, on November 17 last year.
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Infosys under fire for failing to create jobs in Karnataka
During the Karnataka state legislature's budget session, Arvind Bellad criticizes Infosys for not delivering on job creation. Priyank Kharge suggests withdrawing incentives and land in cases of non-performance. MB Patil promises to investigate and ensures jobs at Foxconn's plant in Doddaballapur.
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Wipro acquires US insurtech firm Aggne Global for $66 million
Wipro will acquire 60% of the company in an all-cash deal, with an option to purchase the remaining stake over a period of time, as per a stock exchange filing. Revenues of the Aggne Group are $4.5 million for calendar year 2021, $9.1 million for 2022, and $17.9 million 2023.
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Infosys signs multi-year contract with Singapore’s Pacific International Lines
The multi-year, multi-phased collaboration seeks to address critical business challenges such as modernizing web and mobile applications, enhancing scalability, and providing advisory services on the latest technology and business trends, it added. Deal financials remained undisclosed.
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Genpact expects FY24 revenue to remain sluggish, FY23 growth slows to 4%
Genpact forecasts total revenue for Q1FY24 in the range of $1.108-1.114 billion representing a modest growth of 1.75-2.25%. The growth on a constant currency basis is projected in the range of 1.95% to 2.45%. Gross margins are expected to remain flat at 35%. Full-year revenue growth is expected to remain lower in the
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Freshworks CRO Pradeep Rathinam quits; Abe Smith named global field operations chief
Freshworks has hired Abe Smith, former executive at Zoom, as its Chief of Global Field Operations. The company's Chief Revenue Officer, Pradeep Rathinam, will be leaving at the end of the month. Freshworks reported a 20% increase in total revenues to $160 million for Q4, with a net loss of $28 million.
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