BUSINESS
TCS Nashik case accused Raza Memon, Shafi Shaikh’s police custody extended till April 18; phones under SIT scanner
Shaikh was allegedly assaulted by inmates during Nashik jail custody, sources told Moneycontrol.
BUSINESS
TCS Nashik case: Employees asked to work from home amid attempts to vandalise office
TCS' BPO unit in Nashik is currently under investigation following sexual harrasment and religious conversion allegations on some employees.
BUSINESS
TCS Nashik sexual harassment case a failure of internal systems, processes: Industry experts
Former Infosys CFO and HR head TV Mohandas Pai calls the case complete 'failure" in implementing the POSH policy. Any complaint must go to a high-level, independent channel such as a dedicated webpage not to a direct manager, he says
BUSINESS
A first for TCS: Revenue growth falls despite strong deals, margins
Industry analysts believe it’s a structural shift in how revenue is getting generated from the same large deals, as customers demand faster outcomes with lower human efforts in a post AI world.
BUSINESS
No direct business impact of the Middle East conflict, says TCS CEO K Krithivasan
“Apart from travel and transportation industry, we have not seen major impact in other industries so far,” Krithivasan said during the company’s earnings conference on April 9.
BUSINESS
TCS Q4 results: Annualised AI revenue grows to $2.3 billion as AI deployment gains pace
In Q4, TCS announced a multi-dimensional strategic partnership with OpenAI, including developing AI infrastructure in India, with 100MW capacity in the initial phase, and an option to scale to 1 GW.
BUSINESS
TCS Q4 order book grows 29% QoQ to $12 billion, full year deal wins at $40.7 billion
TCS also called out its annualised AI revenue of $2.3 billion, growing from $1.8 billion in the previous quarter.
BUSINESS
Indian IT firms face pricing pressures as AI deflation gets real in FY27
In FY26, Indian IT companies have seen around 5 to 15 percent revenue compression in areas where AI-led productivity gains are visible and measurable.
BUSINESS
TCS Q4 preview: AI strategy, steady margins, FY27 outlook among five things to watch out for
Brokerages expect TCS to outpace Tier-I rivals in growth for the fourth quarter ended March 31
BUSINESS
HCLTech’s US arm to cut 120 jobs in Orlando
The layoffs mirror a recent Infosys move in the US, highlighting a broader trend of headcount correction among Indian IT firms tied to slowing or ending client engagements
BUSINESS
Muted growth, AI deflation risks, war overhang: Five key factors to watch out for in Q4FY26 IT earnings
The Street believes the March quarter will be less about reported numbers and more about guidance for FY27, especially around growth visibility, AI monetisation, and margin sustainability.
BUSINESS
Oracle layoffs: Indian IT firms may tap high-end talent pool with deep enterprise connect
Oracle's wide products and solutions portfolio- Cloud ERP such as Fusion and NetSuite, Cloud Infrastructure (OCI) and Applications-growing at a rapid clip, the need for specialist Oracle talent will only rise and the laid off employees will find similar roles elsewhere.
TECHNOLOGY
Bitcoin’s 9-minute quantum threat: Why Google’s new paper is alarming crypto traders?
Industry leaders including Binance founder Changpeng Zhao (CZ) and Elon Musk aren’t as worried
BUSINESS
They paid for jobs that never came: Inside Pune’s IT hiring racket
Hundreds of IT professionals face an uncertain future as their work experience is deemed invalid, while empty provident fund accounts complicate background checks
BUSINESS
‘We were taken into police custody,’ CoinDCX’s Sumit Gupta opens up about impersonation experience; launches Rs 100 crores cyber fund
CoinDCX announces Digital Suraksha Network. The planned offerings include a WhatsApp-based AI helpline, open API for fraud intelligence, and cyber safety infrastructure.
BUSINESS
Cyient Semiconductors bets on power chips, M&A to double revenue by FY27 despite West Asia tensions
With its plan to design 40-130 nm chips, Cyient will be expanding in the power chips segment used in smart meters, sensors etc
COMPANIES
CoinDCX co-founders granted bail in alleged fraud case
The FIR was lodged by 42-year-old insurance consultant at a police station in Mumbra on March 16 alleging cheating on the founders and CoinDCX. The crypto exchange had denied the claims citing impersonation of its brand and fake website.
CRYPTOCURRENCY
CoinDCX co-founders face FIR; firm flags impersonation through fake website
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were called in for a probe at a police station in Mumbai on March 21, sources told Moneycontrol.
BUSINESS
Accenture’s Q2 performance signals AI-driven growth for Indian IT firms
Indian IT companies including TCS, Infosys, HCLTech, Wipro, too will benefit from the growing AI demand in North America that Accenture is alluding to, industry analysts said.
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
