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”.
BUSINESS
HCLTech adds 3,489 employees in Q2FY26, reduces attrition to 12.6%
In Q2, HCLTech also on boarded 5,196 freshers, taking the total fresher addition to 7,180 as of H1FY26.
BUSINESS
TCS says only 500 workers on new H-1B visas as it moves to reduce US dependency
TCS has been the top beneficiary of the work visa programme among Indian IT services firm. As of September, TCS was allocated around 5,505 visas
BUSINESS
Indian crypto investors rush to buy the dip as $19bn wiped off market in largest single-day crash
Country’s top exchanges including CoinSwitch, CoinDCX, Mudrex among others have recorded significant jump in inflows. CoinSwitch saw trading volumes during volatile hours surge over 50X.
BUSINESS
No compromise of TCS systems in recent cyberattacks on clients, says COO
The most recent case was of another Tata Group company and UK’s biggest automotive firm Jaguar Land Rover in September.
BUSINESS
TCS to invest $6-7 billion into building data centers; first revenues 18–24 months after start
TCS CEO K Krithivasan said the project, which is close to India’s overall data center capacity, will be developed in phases with funding structured as a mix of equity and debt.
BUSINESS
TCS posts broad-based growth in Q2, order book grows 16.2% YoY to $10 billion
The company said that the growth and demand in deals were broad based across verticals. BFSI, technology and services have continued to show steady recovery and sequential growth.
BUSINESS
Layoffs impact, visa fee, muted demand: TCS Q2 earnings key factors to watch out for
Analysts expect an overall stronger growth recovery in H2FY26 for IT firms compared to H1FY26, driven by a more stable environment, deal ramp ups, improved utilisation and better project execution.
BUSINESS
FIU-IND to block URLs of 25 offshore crypto exchanges for non-compliance to local anti-money laundering laws
“It must be mentioned that the Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions,” the Finance Ministry emphasised it its statement.
BUSINESS
Crypto exchange Bybit steps up India push with team expansion, user growth drive, crypto card plans
India’s stance on crypto regulations is getting much better, as the regulators are a lot more open to conversations, Michelle Daura, Head of Regulated Expansion Regions, Bybit told Moneycontrol.
BUSINESS
TCS layoffs leave employees facing uncertainty and anxiety
TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.
BUSINESS
Why Jaguar Land Rover cyberattack puts Tata Consultancy Services under renewed scrutiny
The JLR hack will be the third such massive cyberattack among TCS’ customers. Previously, Marks & Spencer and the Co-op,two of TCS' British customers had suffered attacks this year
BUSINESS
After visa fee hike, Trump's wage-based H-1B plan threatens to push Indian IT further offshore
Experts warn the proposal could disproportionately impact Indian IT firms and accelerate offshoring of tech jobs.
BUSINESS
Only 3-5% of Indian IT workforce is on H-1B; companies don’t expect significant impact of new visa fee
Meanwhile, the H-1B setback weighed on listed shares of Indian large and midcap IT companies on September 22. Most fell between 2-5 percent to take the Nifty IT index down by up to 3 percent in early trade.
BUSINESS
Analysts see limited impact on Indian IT as White House eases concern on H-1B fee hike
This calms the nerves of those expecting a massive hit for Indian IT firms, particularly in terms of margins and other business parameters.
BUSINESS
$100,000 H-1B visa fee alarms Indian IT sector, immigration lawyers expected to mount legal challenge to Trump's Executive Order
Immigration lawyers are advising impacted professionals to “wait and watch”, because the next step is going to be a litigation against Trump’s move
BUSINESS
Fed rate cut, trade talks ease downside risk for Indian IT, but tech budgets still locked
Nevertheless, firms with deep pockets, such as Infosys, TCS, and Wipro, can sweeten the deal by offering flexible payments, outcome-based pricing, or covering upfront costs to push hesitant clients.
BUSINESS
Trump’s tariffs may hurt GCC economics, but MNCs finding value and talent in India: ANSR’s Vikram Ahuja
India is in the midst of a GCC boom, and poised to add another 500 centres by 2030 from around 1,700 at present, potentially creating 9 lakh new jobs.
BUSINESS
US firms lead India’s GCC surge, set to establish nearly 350 new centres by 2030
While American multinationals dominate upcoming global capability centres in India, non-US companies, particularly Japanese firms, are expanding at almost twice the pace
BUSINESS
Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor
Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.
BUSINESS
Oracle begins India job cuts, targeting cloud and financial services teams
These cuts have so far happened across Oracle Cloud Infrastructure (OCI) and Oracle Financial Services Software (OFSS) divisions, impacting hundreds of employees.
BUSINESS
CoinDCX’s CHRO Mudita Chauhan, CISO Sridhar G quit
This comes three months after, Chief technology officer (CTO) Vivek Gupta and legal head Tushar Tarun had quit even as the exchange looks to expand globally.
BUSINESS
US HIRE Bill clouds Indian IT outlook but faces steep political hurdles
The bill proposes a 25 percent tax on certain payments to foreign firms for services consumed in the US, but experts say it is unlikely to pass in its current form.
