PAI SAYS IT COMPANIES HAVE FORMED CARTEL

Big information technology companies have formed a cartel to keep salary of entry-level engineers low, alleged IT industry veteran TV Mohandas Pai, according to a PTI report. He agreed with Infosys Co-founder N. R. Narayana Murthy, who had said that in the last seven years, salaries of freshers in the software industry have stayed stagnant, while the same for senior-level employees have grown multi-fold. Pai was earlier a CFO at Infosys.