BUSINESS
CoinSwitch launches crypto custody solution DigiVault for HNIs, institutions, family offices
DigiVault supports over 1,000 digital assets across 120 plus blockchains, co-founder Ashish Singhal has told Moneycontrol. The product’s pricing will be customisable, aimed at institutional customer holdings of at least $10,000 or over Rs 10 lakh
BUSINESS
'If you don’t help yourself, neither can the company': KPIT CEO urges staff to be AI-ready
With AI disrupting job functions and coding requirements, KPIT is now hiring 30-40% fewer freshers, Kishor Patil tells Moneycontrol
BUSINESS
Iran war pushes American MNCs to reassess operations; India GCCs may emerge as refuge
While companies remain cautious on decision-making in the near term, India will benefit from its positioning as a safe harbour and geopolitically stable market, industry experts said.
BUSINESS
Onboarding delays at Tech Mahindra; over 1,000 freshers await offer letters
"Across the industry, anticipated demand for fresh graduates has been lower than projected, resulting in a slower pace of onboarding...We remain committed to honoring our campus hiring commitments," a Tech Mahindra spokesperson said.
BUSINESS
Siemens expects AI demand to revive India’s private sector capex
It is too early to say. Other areas like data centres are fuelling demand and business expectations, Siemens AG CTO and board member Peter Koerte tells Moneycontrol on impact of US-Iran war
BUSINESS
Siemens sees AI-driven shift in workforce mix, India to have smaller tech teams work on value creation for new products: CTO Peter Koerte
The company has about 10,000 software and AI experts across its global innovation centres in Bengaluru and Pune. India is Siemens' fourth largest market, contributing significantly to its revenue growth.
BUSINESS
How NetApp is rethinking tech hiring amid AI-led productivity gains
NetApp’s largest global innovation centre is in Bengaluru with over 3,600 engineers.
BUSINESS
Lost in transit: Indian founders and investors chart alternate routes home as West Asia tensions disrupt flights
As air routes reopen in phases amid regional tensions, startup founders and investors stuck in Dubai and nearby hubs weigh Oman road exits, delayed travel plans and a cautious wait-and-watch approach, even as business operations continue remotely.
BUSINESS
Iran-Israel war: Indian IT firms may stare at slowdown in discretionary spending, project delays
Middle East & North Africa is a strategic region for most IT services companies, currently accounting for 1-2% of total revenue but remains critical for the industry to diversify beyond North America.
BUSINESS
Amid Iran war, Infosys, HCLTech staff safe as executives face travel disruption; TCS suspends Middle East travel
Employees of the IT firms travelling through the Middle East en route to the Mobile World Congress have been affected by flight disruptions.
BUSINESS
TCS asks Middle East employees to stay indoors, suspends work travel amid geopolitical conflict
TCS’ Middle East country leadership and human resource team is coordinating with employees across locations, and has started a call tree service to contact stranded employees on priority.
BUSINESS
IT CEOs push back against AI disruption fears, warn of tough transition phase
The IT sector expects an AI-driven investment surge from enterprises, prompting companies to revamp their positioning and business models to capture rising demand.
BUSINESS
India accounts for 15-17% of the global IT consulting and services market: BCG
The report argues that India needs to expand beyond IT services, into other growing segments such as hyperscalers, semiconductors, deeptech – for the next decade of its tech market.
BUSINESS
Large enterprises are doubling down on tech spend, about 20% of budget earmarked for AI: McKinsey’s Noshir Kaka
Customers are coming for vendor consolidation and while bundling their work and spend, they are also expecting 20-40% productivity gains, Kaka tells Moneycontrol
BUSINESS
Over-pivoting on building everything locally puts India at a disadvantaged position: Zscaler’s Jay Chaudhry
He argued for a combination of locally built technology combined with external software stack especially in critical and sophisticated areas like cybersecurity
BUSINESS
TCS raises quarterly variable pay out to 80% for mid and senior-level employees in Q3
This is a big shift coming after nearly two years of quarterly variable allowance being slashed to 20-50 percent for the mid and senior-level employees
BUSINESS
India rolls out three sovereign AI models Sarvam AI, Gnani.ai, BharatGen to take on Big Tech
This is a first major phase of the government’s clear push to have India-first, sovereign AI models
BUSINESS
AI Summit: Microsoft India continues to hire for demand-driven skills, says Puneet Chandok
In 2025, the tech giant cut its work force in India and globally by around 15,000.
BUSINESS
Neysa to triple revenue by FY27; expect strong demand from AI firms, SaaS startups: Co-founder Sharad Sanghi
Sanghi is in talks with coding companies and US-headquartered AI giants, including Perplexity, OpenAI and Anthropic, as they expand their footprint in India with research and development and AI solutions
BUSINESS
Unpacking Indian IT's Brahmastra to counter AI: What various companies have done
The AI transition has been in the works for at least over a year for most of these Tier-1 IT majors, and this reflected in the steadfast belief Indian investors held in the past couple of weeks even as the US-driven AI panic led to stock rout.
BUSINESS
Less a collapse, more a transition: IT sector long term outlook remains stable amid stocks rout
Growth metrics like revenue per employee and margin per employee will now increasingly depend on how effectively firms embed AI into delivery.
BUSINESS
Indian GCCs cut over 6,000 jobs in 2025 as parent companies face macro pressure
This comes in a year when India also saw record numbers of new GCCs being set up in the country and net new jobs growing significantly to 135,000-150,000.
BUSINESS
Oracle optimistic about India-US trade deal, to launch 3 multi-cloud data centres by April: India head Shailender Kumar
Oracle is set to offer its multi-cloud services with three new data centres in India by April, two with AWS and one Google Cloud, Kumar told Moneycontrol in an interview.
BUSINESS
Oracle India’s multi-cloud push: Launched services with Azure, Google Cloud data centres in 2025; more in pipeline
“We are seeing a hockey stick growth. In the last two years, cloud business has doubled and the momentum continues in India…we are going to launch more data centres in this calendar year,” said Kapil Makhija, VP, Technology Cloud, Oracle India.
