Big drop! Why bench strength of TCS, Infosys, Wipro & other IT companies has fallen by around 75,000 people

Historically, companies maintained a sizeable bench by hiring in anticipation of future projects. (AI image) Indian IT sector majors – Tata Consultancy Services (TCS), Wipro, Infosys, HCL Tech, and Tech Mahindra – have seen their bench strength drop by 25% in the last two years. Bench strength acts as a traditional reserve workforce with an…

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March PMI snapshot: India’s manufacturing growth slows to 53.9 as rising cost pressures weigh on momentum

India’s manufacturing sector showed signs of slowing in March, as growth in activity moderated amid a mix of rising costs, competitive pressures and global uncertainty, according to the HSBC India Manufacturing PMI report released on Thursday. The Purchasing Managers’ Index (PMI) fell to 53.9 in March from 56.9 in February, signalling a softer expansion.The reading…

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Wipro to buy back shares worth 15k cr

Bengaluru: Amid lacklustre performance, Wipro approved its sixth-and largest-share buyback to date, worth Rs 15,000 crore at Rs 250 per share. Founder Azim Premji and the promoter group are set to participate in the buyback.As part of its capital allocation strategy, the board proposed buying back up to 60 crore equity shares of face value…

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Record pass percentage in AP Inter results; Girls outshine boys

Vijayawada: The Intermediate Public Examination results in Andhra Pradesh were officially released on Wednesday, bringing cheer to thousands of students across the state. Announcing the results, Education Minister Nara Lokesh stated that a record pass percentage has been achieved this year, reflecting improved academic performance.According to the minister, 77 percent of students passed in the…

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