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Tech Mahindra’s Q4 profit dips 33%, misses estimates

By Samantha Kareen Nair and Sankalp Phartiyal BANGALORE/MUMBAI – Tech Mahindra Ltd, India’s fifth-largest software service provider, posted a lower-than-expected fourth-quarter consolidated profit on Friday, weighed down by weak margins and higher cost of...

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Quikr set to make its 11th acquisition with Babajob

BENGALURU: In what would be its eleventh acquisition, online classifieds startup Quikr is close to buying out a blue collar jobs marketplace Babajob, sources close to the development told TOI. This would be an...

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How bad are the layoffs in the IT industry

Back-of-the-envelope calculations show the recent layoffs at Indian IT services companies are a fraction of overall headcount. Most firms explain the layoffs as letting-go of under-performers. But reports suggest things could get worse.