Tech companies are paying a premium of 25-30 percent on lateral hiring for similar positions from outside, but attrition is stabilising, the Wipro official said.

The National Company Law Tribunal (NCLAT) had upheld the earlier order of the Bengaluru bench of the National Company Law Tribunal (NCLT), which had on May 25, 2021 directed winding up of Devas Multimedia and appointed a provisional liquidator for the purpose. The NCLT's direction came over a petition filed by Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO).

The salt-to-software conglomerate, which was supposed to take over Air India from the government in January, is likely to complete the process only after the Union Budget on February 1.

Earlier this month, allowing the plea of dissented creditors, the NCLAT had set aside the orders passed by the Mumbai bench of the NCLT, which had approved Twin Star's Rs 2,692 crore bid with a 95 percent haircut against a total admitted claims of 64,637.6 crores. The NCLAT asked the resolution professional of the company to re-run the process, which means a fresh bid has to be invited.