BUSINESS
Doing more with less: AI rewrites the operating model of Indian IT
Strategy has shifted to AI factories, agentic systems, and platform-infused engineering. And executives speak of productivity gains rather than fresher hiring now.
BUSINESS
H-1B shift shows Trump moving from ideology to pragmatism, analysts say
Industry watchers say India’s IT sector remains largely unfazed as US visa restrictions tighten, with firms already localising hiring and reducing dependence on H-1Bs.
BUSINESS
Persistent Systems, Mphasis outperform Tier-I IT peers in billable revenue per employee
Among Tier-I IT firms, HCLTech had the highest billable revenue per employee at $17,822 in Q2, growing 5.2 per cent YoY, according to estimates by UnearthInsight.
BUSINESS
H-1B visa curbs lift subcontracting costs for Indian IT firms; Infosys sees steepest rise
Beyond tightening H-1B visa rules, demand uncertainties are also driving IT firms to focus on short-term contractors rather than hiring full-time employees.
BUSINESS
A reality check for India's AI crypto rally
The rapid rise in AI-linked tokens reflects investor enthusiasm for the fusion of artificial intelligence and blockchain, but questions remain about long-term value.
TECHNOLOGY
Hurun Philanthropy List 2025: HCLTech’s Shiv Nadar tops the list for the fourth time in 5 years, Reliance Industries has the highest CSR spend
The list features 191 philanthropists (12 new entrants) who cumulatively donated Rs. 10,380 Crores - up by 85% compared to three years ago.
BUSINESS
Snowflake bets on India’s under-penetrated Cloud and AI market to drive next phase of APJ growth
India is one of the fastest growing markets for Snowflake in the Asia Pacific and Japan region, says country head Vijayant Rai
BUSINESS
From FOMO to Function: Can AI transform India’s fintech and banking backbone
Despite the AI buzz, India’s fintech and banking players are treading cautiously, experimenting, not overhauling, as they balance innovation with regulation in one of the world’s most tightly governed financial sectors.
BUSINESS
Binance, CoinDCX, Mudrex, Canton seek clarity from Indian regulators on crypto tokens, Web3 business policies
Rationalisation of taxes, separate regulators for stablecoins, regulations for running crypto exchanges, need for user protection were highlighted during a panel discussion at Moneycontrol’s Web 3.0 Summit.
BUSINESS
Madras HC calling crypto a ‘property’ is good for the ecosystem, says WazirX founder Nischal Shetty
WazirX has restarted its exchange less than a week ago after a major cyberattack in 2024, with trading volumes having crossed $22 million so far.
BUSINESS
What does Madras HC’s judgement mean for WazirX’s rebalancing scheme and its impact on users
Industry and legal experts expect fresh petitions to be filed against the crypto exchange at other high courts taking a cue from this interim ruling.
BUSINESS
No ambiguity in laws, Binance eyes major growth from India, says APAC Head SB Seker
"We want a significant number of our next billion users to come from India," Seker told Moneycontrol.
BUSINESS
‘We have filed zero H-1Bs from India in the last 12 months’, says Persistent Systems CEO Sandeep Kalra
Kalra told Moneycontrol that the company will not file for any new H-1B visas either, to avoid further impact of the US President Donald Trump government’s changing visa policies.
BUSINESS
Change in wage hike cycle has nothing to do with the margins or shareholder interest: LTIMindtree CEO
'We are committing to near double-digit growth in the second half,' CEO and MD Venu Lambu tells Moneycontrol in an interview
BUSINESS
Top 5 Indian IT firms see 79% drop in H1 hiring as TCS faces loss of over 19,700 employees
The top five Indian IT companies have also reported steady fresher hiring numbers for H2.
BUSINESS
LTIMindtree defers pay raise again, 50% employees to receive hikes in January, rest in April
Giving context on this decision, CEO Venu Lambu said that 'the topic of wage hikes is evolving,' as the industry and the company are going through a significant inflection point
BUSINESS
Infosys hires 12,000 freshers in first half, on track to hire 20,000 for FY26
Attrition for the quarter fell to 14.3 percent, from last quarter’s 14.4 percent on a last-twelve-month basis. The IT services major had also added 8,203 employees in Q2.
BUSINESS
CoinDCX co-founder Sumit Gupta says India needs more crypto players for market maturity, denies conflict of interest with Coinbase post funding
India is going to be a large market for crypto assets in the coming years, and the exchanges in the country and globally are building for that, CoinDCX co-founder Gupta told Moneycontrol.
BUSINESS
From Marico to mentorship: Harsh Mariwala on succession planning, India’s quick commerce wave and Ascent Foundation’s ambitions
Mariwala is bullish on the growth of the quick commerce segment, expecting FMCG companies to get about 8-10 percent of their sales through it soon.
BUSINESS
Tech Mahindra developing 1-trillion-parameter sovereign LLM under IndiaAI Mission
Tech Mahindra CEO Mohit Joshi described it as a “significant technical milestone,” noting that with 1 trillion parameters, the IT major’s LLM would rank among the largest AI models currently under development worldwide.
BUSINESS
Tech Mahindra overall add 4,197 employees in Q2, IT headcount plunges by 1,459 QoQ
The company’s last twelve-month (LTM) attrition has inched up to 12.8 percent, from 12.6 percent in the previous quarter.
BUSINESS
HCLTech intends to increase local hiring to reduce H-1B reliance: CEO C Vijayakumar
Earlier, HCLTech had said that it had the lowest dependency on H-1B visas within the industry, with 80 percent of its workforce in the US comprising local talent.
BUSINESS
HCLTech to roll out wage hikes from October; move variable pay to fixed salary
Last year, HCLTech had implemented a 7 percent salary hike starting October. Top performers had received raises of up to 12-14 percent.
BUSINESS
HCLTech generates $100 million from advanced AI, contributing nearly 3% to overall revenue
HCLTech is taking a long-term view on AI by proactively transforming its services even if it means “disrupting parts of the company’s existing revenue base”.
