Cognizant elevates CEO Francisco to vice-chairman’s post

Leading tech-firm Cognizant’s CEO Francisco D'Souza has been appointed as  vice-chairman of the company with holding the current portfolio as well, the Board of Directors announced its decision on Wednesday.

Francisco had assumed the CEO role 10 year ago and under his direction the company grown multiple times. In December 31, 2007,  Cognizant had a head count of  55,400 people and its annual revenue was $2.136 billion then. As of March 31, it has 261,400 employees and revenues over $15 billion.

IT skilling firm edWisor plans to hire 150 in six months

Technology skilling start-up edWisor plans to hire 150 persons in next three-six months. The company is also looking to open an office in Bangalore.

Founded by Ramandeep Arora and Aditya Kumar, edWisor has developed an innovative combination of Hrtech & Edtech as a business model to solve skill shortages for the technology sector while making youth employable.

Huawei brings a new dimension of safety in air travel

With widening air traffic volume, the civil aviation has become the fastest-growing industry in recent past as even a common man wants to feel luxury beside saving time.  Global demand for air travel is expected to grow by 7.0% in 2018, and the total number of air passengers is expected to soar to 4.36 billion.

Realty firm offers exchange plan for home sellers

City-based realty firm, Puravankara Ltd, has announced a Home Exchange Plan, which the company says would offer multiple benefits to home sellers who are looking to upgrade their homes.

As per the company this is the first time a realty player is mimicking the automobile industry’s “exchange the old for the new’’ concept in the home segment. The three-day home exchange offer is scheduled between June 15th and 17th in Bangalore.

Retired judge BN Srikrishna making Google, FB nervous

BN Srikrishna (in pic) is a genial, 77-year-old former Supreme Court judge who recites Shakespeare and Sanskrit scriptures with equal facility. But he’s making the likes of Google, Amazon and Facebook more than a little nervous.

Capgemini launches Tech Fiesta

French tech major Capgemini has announced the 10th edition of Tech Fiesta, its nationwide technology event designed to showcase innovation and Intellectual Property (IP) in cutting-edge technologies of the future that provide business benefits to customers. Themed as “Intelligent Enterprise: Unlocking Newer Possibilities”, the 2018 edition of Tech Fiesta was inaugurated in Mumbai by Ashwin Yardi, Chief Operating Officer (COO) of Capgemini in India and Group Head of Industrial Automation.

Bangalore retains top tech job creator position with 22% stake

Bangalore continues to be the lead tech job creator in the country with 22 per cent of all IT job positions, followed by Delhi-NCR, which originated 11 per cent opportunities for techies, as per a study conducted by job site, Indeed, based on the hiring data collected for a period of three years between May 2015 and May 2018.

After the duo, Pune comes at the third place with 10 per cent, following by Hyderabad, Mumbai and Chennai, which generated 9, 8 and 7 percentage of the total technology jobs in the country respectively.

Top tech firms pay pittance to fresh grads

Tech firms are offering pittance to fresh graduates this year. Close to 90 per cent of new tech recruits have been offered annual salaries in the range of Rs 1.8 lakh to Rs 3 lakh, while a very minuscule percentage of premium school grads get a more decent package of Rs 5 lakh and upwards.

This isn’t much different from what employers paid some 15 years ago (2003-04). Tech players paid an average annual salary of Rs 3.5 lakh to freshers and sadly that figure hasn’t changed since then despite higher inflation, say tech hirers.