BUSINESS
Tech Mahindra’s headcount declines by 3,785 employees in Q3FY25
As of calendar year 2024, Tech Mahindra has added over 4,700 freshers, said CFO Rohit Anand.
BUSINESS
Tech Mahindra Q3 results: Net profits jumps 92% YoY to Rs 983 crore, revenue up 1.4%
Tech Mahindra reported a decline in net profit sequentially by 21.36 percent. The fall in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.
BUSINESS
Infosys to hire over 20,000 freshers in FY26, says CFO
Infosys CFO Jayesh Sanghrajka added that the company is on track to reach its FY25 target of hiring around 15,000 freshers.
BUSINESS
LTIMindtree Q3 results: Net profit falls 7% to Rs 1,086 crore, revenue rises 7%
LTIMindtree’s order book grew to $1.68 billion, its highest quarterly deal wins. This is an increase of 29% sequentially.
BUSINESS
Infosys adds 5,591 employees in Q3, headcount up for second consecutive quarter
The total headcount in Q3 stood at 3,23,379, up from 3,22,663 in the year-ago period. The employee count is up 716 YoY.
BUSINESS
Budget 2025: Crypto industry seeks lower taxes, loss offsets and regulations to protect consumers
After a tumultuous year, including the WazirX cyber attack, the crypto industry will be closely tracking the budget even as bitcoin crossed $100,000 in 2024
TECHNOLOGY
N Korea responsible for WazirX's $235-mn crypto hack, say US, Japan, S Korea; issue global warning
This is the first time North Korea and its government-backed hacker community Lazarus Group have been officially held accountable for $235-million WazirX hack
BUSINESS
Cost of using LLMs have dropped over 85% since early 2023, making more use cases viable: HCLTech CEO C Vijayakumar
As of Q3, the company has reported a sizeable number of AI and generative AI deals, without divulging exact numbers.
BUSINESS
HCLTech to roll out wage hikes for mid, senior management staff in Q4FY25
This comes after the company’s management entirely skipped compensation review for the mid and senior management staff in FY24
BUSINESS
Not much difference in BSNL deal revenue in Q3 from previous quarter, says TCS CEO K Krithivasan
BSNL deal revenue is set to taper, as TCS is expected to complete the project by Q4 or Q1FY26
BUSINESS
TCS not worried about H-1B visas, over 50% of US workforce local, says CEO K Krithivasan
In any given year, TCS gets about between 3,000 to 4,000 H-1B visas, says Krithivasan. At the end of the December quarte, TCS had a total of 6,07,354 employees
BUSINESS
Shorter deal closure cycles, pick up in discretionary spend: Why TCS CEO is bullish on 2025
TCS’ order book in the Europe has hit an all-time high in Q3, says Krithivasan
BUSINESS
New US govt will bring certainty on policies, drive discretionary spending: TCS CEO
TCS’ order book closed at $10.2 billion in Q3. The management said that the strong order book in Q3 is giving them “confidence and comfort on outlook for the future.”
BUSINESS
TCS Q3 order book grows 26% YoY to $10.2 billion, highest in past five fiscal years
Geographically, demand was led by India market, which grew 70.2 percent YoY in constant currency (CC) terms, followed by MEA at 15 percent, Asia Pacific at 5.8 percent and Latin America at 7 percent.
BUSINESS
IT Q3FY25 earnings: From wage hike delays to discretionary spend, five factors to watch
Discretionary spending remains a sore point for IT companies, with clients continuing to prioritise cost-saving projects over large-scale transformation initiatives, say brokerages.
BUSINESS
TCS Q3 preview: BSNL deal completion timeline, client budgets among top 5 themes to watch for
The focus will remain on the management’s generative AI deals commentary, trajectory of the BSNL deal as it has run past its peak revenue contribution phase, margin impact from the rupee depreciation, client budgets and large deals outlook.
BUSINESS
HCLTech rolls out salary hikes for junior employees, senior staff await increments
According to sources, mid to management levels employees haven’t got a hike in at least past two fiscals
BUSINESS
Infosys, HCLTech, Wipro, Tech Mahindra bet big on Agentic AI in 2025
Currently, AI is mostly used to improve operational processes, which will shift to improve core industry-specific business processes like customer onboarding, credit decision-making, and risk management.
BUSINESS
Indian IT companies likely to see margin jump in Q3 as rupee weakens
The impact on margins will be more pronounced in Q4 or the first quarter of FY26 than Q3, even increasing by 100-200 basis points, according to UnearthInsight.
BUSINESS
Bitcoin ETFs, halving, the WazirX fiasco and Trump trades: How crypto fared in 2024
Bitcoin crossed $100,000 for the first time in 2024. Industry experts expect Bitcoin prices to climb up further to $300,000 in 2025 as institutional funds continue to come in through newer crypto token ETFs.
BUSINESS
India is our fastest growing market, doubling every year, says Pure Storage CEO Charles Giancarlo
He also expects “some deflation of the AI bubble,” as existing LLM models have reached competency saturation.
BUSINESS
IT companies see an uptick in digital transformation deals in FY25, signals growth recovery
The top four Indian IT companies, including Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro have signed 18 digital transformation deals in the last 7-8 months of FY25.
BUSINESS
Wipro to acquire IT consulting firm Applied Value Technologies for $40 million
The all-cash transaction is expected to be completed by December 31, 2024, according to regulatory filings on BSE.
BUSINESS
Green power installation startup SolarSquare raises $40 mn in Series B, led by Lightspeed Venture Partners
The fresh capital raised will be used to expand the startup’s presence from 20 cities to 50 cities in the next two years, building its tech stack, hiring and branding.
