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    Net employee addition by the top four Indian information technology services companies in 2017-18 dropped by more than three-fourths. Even though these companies showed good revenue growth during that period, the non-linearity drive the industry had undertaken had been clearly paying dividends. In the year ended March 31, 2018, the top four Indian IT firms  Tata Consultancy Services (TCS), Infosys, Wiproand HCL Technologies made net additions of 13,972 employees (taking into consideration the number of people exited in the year), compared to 59,427 in 2016-17.

    Sebi has kept HDFC Asset Management Company's proposed IPO in abeyance "for examination of past violations," the latest update with the markets regulator showed. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The fund house had filed preliminary papers with Sebi in March, seeking approval to float an initial public offering. HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. For More Info visit us at CapitalHeight.

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