BUSINESS
Good news for techies as India-UK Free Trade Agreement eases IT worker mobility
The FTA also included the Double Contribution Convention, which exempts Indian workers on temporary visas in the UK from paying social security contributions for a period of three years. This is expected to save nearly 20% of the salaries of these workers -- directly impacting over 60,000 IT employees.
BUSINESS
TCS slashes variable pay for senior employees for third consecutive quarter
Last month, TCS also announced that it will be delaying its wage hikes this year, which the IT services major otherwise starts rolling out from April onwards.
BUSINESS
Sharechat swaps cash burn for sustainable growth, eyeing IPO in 2 yrs: CEO Ankush Sachdeva
The company is now cash flow positive, has a solid leadership team in place, and doesn’t foresee any mass layoffs, says CEO Ankush Sachdeva.
BUSINESS
India offers unique scale not available anywhere else: TCS' Girish Ramachandran
As of FY25, India accounted for nearly 8.6% of the company’s overall revenue of $30.18 billion. That will be about $2.6 billion -- a 62.6% YoY growth in constant currency terms.
BUSINESS
LTIMindtree CEO sees slowdown in discretionary spend-driven transformation programmes
The IT services firm is prioritising margin improvement, developing agentic AI use cases, and capitalising on the rising demand from global capability centres (GCCs), at a time of leadership shift from CEO Debashis Chatterjee to incoming chief Venugopal Lambu.
BUSINESS
Four out of India’s top five IT firms add staff in FY25, total workforce grows by 12,718
From the management commentary so far, 80,000-84,000 IT jobs are up for grabs in the current financial year. However, the actual figure can vary widely, as pointed out by company executives.
BUSINESS
TCS eyes public sector growth with the launch of AI-powered sovereign cloud, low-code no-code platform, cybersecurity suite
CEO and MD K Krithvasan called this TCS' strengthen India focus strategy. 'A strategy that puts the power of AI to the service of our nation and at the edge of excess innovation,' he said.
BUSINESS
India tops APAC region in embedded AI revenue in 2024, says SAP executive
The country leapfrogged the world in terms of technology adoption, Subramanian Ananthapadmanabhan, Chief Revenue Officer–Business Technology Platform, APJ, SAP has said
BUSINESS
Discretionary spend is weakening; AI-led efficiency biggest theme for large opportunities in FY26: HCLTech’s C Vijayakumar
The Noida-headquartered IT firm reported strong net new deal wins worth $2.99 billion in the fourth quarter ended March 31, 2025, its highest quarterly deal wins since September 2023 quarter.
BUSINESS
HCLTech slashes FY26 revenue growth guidance to 2-5%
HCLTech’s revised guidance represents a 250 basis point reduction at the lower end compared to its FY25 forecast. However, the company has retained its operating margin guidance at 18–19 percent for the full year of FY26.
BUSINESS
Cyclical or Structural? IT majors' slowing growth in FY25 raises tough questions
The $280 billion industry faces multiple issues: clients cutting back after overspending on digital transformation during COVID-19, a cautious global macro, the GCC phenomena, the AI boom, and more recently the US President Donald Trump’s tariff war.
BUSINESS
TCS, Infosys, Wipro add over 13,500 employees in FY25, reversing last fiscal’s decline
All three IT companies have indicated they will hire roughly the same number of freshers in FY25 as they did in the previous fiscal despite the uncertain demand environment, driven by US President Donald Trump’s tariff war.
BUSINESS
Infosys to hire 20,000 freshers in FY26, on track to roll out wage hikes
Unlike rivals TCS and Wipro who remained cautious and expect a possible delay in wage hike cycle, Infosys rolled out major chunk of the increments in January and rest is planned for April.
BUSINESS
Infosys adds 199 employees in Q4, headcount up for third consecutive quarter
For the full year FY25, headcount increased by 6,388 to 323,578 from 317,240 in the previous fiscal year.
BUSINESS
Wipro onboards 10,000 freshers in FY25, remains cautious on hiring in FY26
Wipro CHRO Saurabh Govil said that while Wipro has been doing its wage hike cycles ahead of time, this year it will take a call closer to the date.
BUSINESS
Wipro’s FY25 revenue growth plunges for the second consecutive year
Wipro reported a year-on-year decline of 2.3 percent in revenue growth in constant currency (CC) terms for the financial year 2024-25.
BUSINESS
Wipro adds 614 employees in Q4, 732 employees for the full year
For FY25, Wipro’s headcount increased by 732 to 233,346, from 232,614 in the previous year. The company's headcount has been declining for the previous two fiscal years.
BUSINESS
Deferring wage hikes prudent in current business environment: TCS CHRO Milind Lakkad
About 40 percent of freshers hired in FY25 had niche digital skills, including AI, compared to 17 percent hired in FY24, TCS CHRO has said
BUSINESS
TCS reports low single digit growth for the second full year
Despite some short-term uncertainties, including Trump's tariffs, TCS CEO K Krithivasan expects FY26 to be a better year than FY25
BUSINESS
India is one of our largest & fastest growing markets: Robert Kawalsky, Canva
Canva will continue to double down on its localisation strategy globally, added Kawalsky. The company recently launched its Hindi platform in India.
BUSINESS
TCS Q4 order book declines 7% YoY to $12.2 billion, but beats estimates
For the full year FY25, order book stood at $39.4 billion, down by 7.7 percent from $42.7 billion in FY24
BUSINESS
TCS Q4 Earnings: 5 themes to watch out for
Commentary on Trump’s tariffs, offshoring employees, fewer mega deals, generative AI pipeline and hiring plans will be in focus
BUSINESS
Indian IT's guidance, deal pipeline to shed light on Trump tariff impact: Five factors to watch
The earnings commentary will set pace for IT sector’s growth expectations for FY26, now in the doldrums as experts recalibrate growth estimates amidst Trump's tariff setback.
BUSINESS
Crypto traders hit with hefty tax penalty as IT Dept cracks down on P2P transactions
Over the past few weeks, many crypto investors received income tax notices for non-payment of taxes on peer-to-peer (P2P) trades through foreign exchanges. A Binance spokesperson told Moneycontrol that the exchange has been closely monitoring and reporting suspicious trades to FIU-Ind.
