Tata Consultancy Services: Tata group launches report on its contribution towards Sustainable Development Goals


The Tata group today announced the launch of We Dream of a Better World report which maps out Tata group’s contribution in business, CSR and philanthropy. The 65 case studies from the report capture the various initiatives of the Tata group companies, across geographies, and of the Tata Trusts’ philanthropy efforts in India. These are aligned with the 17 Sustainable Development Goals (SDGs), identified in September 2015, and subsequently agreed on and committed to by 193 countries.read more

WIPRO: 3 Key Qualities Wipro Seeks In Startups


Wipro has said it will work with startups in India, which are associated with Microsoft Accelerator, to help them scale their businesses and reach out to global customers. The partnership is part of Microsoft Accelerator's CoInnovate programme, under which it also joined hands with another IT major Tata Consultancy Services in June.read more

WIPRO: TCS, Infosys, Wipro see decline in revenue per employee in FY16


The revenue per employee of Indian IT services firms declined over the last 12 months, even as Nasdaq-listed Cognizant Technology Solutions Corp. saw an increase in this important metrica measure of efficiency as well as the kind of work a company does. Cross-currency volatility, pricing pressure for outsourcing deals, and limited use of automation tools are three underlying reasons behind the decline of revenue per employee at three of India's largest IT services firms, including Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd. The three firms together generated more than $33.4 billion in revenue and employed 720,799 people at the end of March 2016. TCS ended 2015-16 with a revenue per employee of $46,758, a decline of 3.29% compared to the year ago, largely on account of cross-currency fluctuation.read more