BUSINESS
Crypto exchange CoinDCX hit by cyberattack, $44 million drained from internal operational account
CoinDCX confirmed the same and added that no customer funds were impacted in the breach. All trading activity and INR withdrawals continue to be fully operational.
BUSINESS
Indian HNIs swap stocks for crypto as family offices join global bull run
Average HNI trading volumes have gone up by nearly 30 percent across exchanges within the first 15 days of July, as compared to the June figures.
BUSINESS
We haven’t decided on wage hikes yet, says Wipro CHRO
Wipro gave wage hikes ahead of time in September last year. And that was done within a year of rolling out wage hikes in December 2023, Govil had said in April.
BUSINESS
Inside Bhutan’s push to become a crypto hub
Bhutan recently launched its first crypto use case by allowing payments through Binance Pay to attract tourists. The government believes enabling crypto tourism would also be a boon for the small and medium enterprises
BUSINESS
HCLTech says specialisation to drive fresher hiring, 'elite' cadres to get 4X higher pay
The company is expecting to have about 15-20 percent of the freshers hired this fiscal year to be 'elite cadre', while it is open to hire more but the focus will be on quality over quantity
BUSINESS
Uncertainty cannot last long, FY26 international business revenue will be better than FY25: TCS CEO K Krithivasan
Despite expecting decent growth in Q1 in the international markets, TCS saw project delays driven by the macroeconomic challenges that led to the negative growth, Krithivasan said.
BUSINESS
No decision yet on wage hikes: TCS CHRO on deferring increment roll out beyond Q1
Speaking of the hiring targets, CHRO Milind Lakkad added that “hiring shouldn’t be connected to quarterly growth. It’s is planned on a yearly basis.”
BUSINESS
TCS Q1 order book grows 13.2% YoY to $9.4 billion
The company managed to beat the analyst estimates of $8-9 billion in deal wins in Q1, seeing positive year-on-year growth in constant currency in BFSI and energy, resources and utilities, technology & services verticals.
BUSINESS
CEOs can’t sit back waiting for the next normal to plan investments: Cisco’s Chuck Robbins on Trump tariffs
“We have been in deep communication with the White House about the uncertainty. We just need to get to clarity so we can actually respond,” Cisco's CEO Chuck Robbins said during his India visit.
BUSINESS
‘India is one of the biggest opportunities in the world for us’: Cisco CEO Chuck Robbins
Robbins shared that India has also proven to be a "viable place" for the company to export products out of. Cisco has been working with the government to get all the licenses needed for it, he said.
BUSINESS
TCS Q1 results preview: Five themes to watch out for
Going by their deal pipelines, IT players, including TCS, were in the previous quarter cautiously optimistic about growth in FY26. Their commentary will be closely tracked to see if the optimism prevails
BUSINESS
Capgemini's $3.3 billion acquisition to close by year-end, no immediate changes in global operations: WNS CEO Keshav Murugesh
In India, WNS had around 44,117 professionals as of March 31. The company has offices across Mumbai, Pune, Gurgaon, Nashik, Bangalore, Chennai, Vizag, Indore, Trichy, Hyderabad and Noida.
BUSINESS
IT Q1 earnings preview: From Gen AI to hiring trends — Five key factors to watch
The first quarter saw a continued sectoral slowdown due to concerns over Trump’s reciprocal tariffs, global trade tensions, and ongoing wars, but deal wins were better than expected, analysts said.
BUSINESS
Capgemini’s WNS acquisition a precursor to more AI-fuelled consolidation: Experts
IT and BPM convergence may become the new world order as competition in the AI era intensifies, industry analysts have said after Capgemini agreed to buy IT outsourcing firm WNS Holdings.
BUSINESS
WNS acquisition: Capgemini gains sector-specific BPO expertise, SaaS-driven client demand
Together, the merged entity is staring at a $1.5-trillion emerging market opportunity, as WNS provides the ideal incubation business to develop leading-edge Services-as-a-Software (SaaS) to Capgemini, said Phil Fersht, CEO, HFS Research.
TECHNOLOGY
Crypto regulations need clear vision and govt support, says Binance CEO Richard Teng
Teng was in Bhutan to promote the collaboration of its ministry of tourism and crypto wallet Binance Pay as the eastern Himalayan country’s first national crypto tourism payment system
TECHNOLOGY
Indian firms allocate up to 20 percent of tech budgets to AI, says BCG
Nearly 70-80 percent of AI proofs of concept will move into production in 2025 compared to 10-15 percent earlier.
BUSINESS
Targeted $10-billion revenue will be entirely AI-influenced over the next 5 years: LTIMindtree’s AI chief Nachiket Deshpande
Customers are moving from investing into AI infrastructure, PoCs to AI-driven services, driving new opportunities for LTIMindtree capture. AI will be a big pivot to win large deals, Deshpande said.
BUSINESS
Tech Mahindra CEO Mohit Joshi earned Rs 52.1 crore in FY25
There was a 6.52 percent reduction in the median remuneration of employees in FY25. Joshi’s earnings were 840.22 times the median employee salary
BUSINESS
IT companies to gain from rupee depreciation, but West Asia conflict to trigger business uncertainties
Industry experts believe the impact of depreciating rupee will be short-term and not significant enough as IT exporters tend to hedge their business against cross currency headwinds for at least two quarters ahead.
BUSINESS
India gives significantly higher returns compared to global investments, says Blue Tokai-backer Verlinvest
In its India push, the consumer brands focused PE firm is looking to increase the average cheque sizes to $60 million, Asia head Arjun Anand has said
BUSINESS
TCS director Keki Mistry flags volatility amid global conflicts and economic strain
Mistry was elected as the chairman to preside the AGM on June 19 in absence of TCS chairman N Chandrasekaran, who skipped the shareholder gathering citing “some exigencies".
TRENDS
All India IT employee union oppose TCS’ capped bench time, 225 days billability policy
The new associate deployment policy of TCS puts the onus of finding projects on the employees instead of the Resource Management Group (RMG) assigning them work, the IT employee union said.
BUSINESS
Blockchain firms come to India for ‘daily active user farming’, says Polygon’s Sandeep Nailwal
Nailwal shared that India provides global blockchain firms access to massive number of Web3 developers, whom they can get to build applications on top of their chains at very low fees or for free.
