BUSINESS
Infosys adds 2,456 employees in Q2, reverses trend of past six quarters
The total headcount for Q2 stood at 317,788, down from 328,764 in in the year-ago period
BUSINESS
Why HCLTech CEO Vijayakumar thinks GenAI deal sizes are irrelevant
HCLTech rivals Accenture and TCS have been talking about GenAI deal sizes increasing to $10-30 million in the recent quarters, up from $1 million
BUSINESS
HCLTech sees headcount decline by 780 in Q2FY25
In Q2, HCLTech added around 2,932 freshers and plans to onboard 10,000 freshers in FY25.
BUSINESS
No mega deals for TCS in Q2FY25, but pipeline near all-time high
TCS CEO and MD K Krithivasan said that deal TCVs always have some “lumpiness” and deals which were expected to close last quarter sometimes gets pushed to the subsequent quarters.
BUSINESS
TCS Q2 order book declines over 23% YoY to $8.6 billion
The company said that they have now over 600 AI/GenAI engagements deployed successfully in production or in various phases of development.
BUSINESS
TCS Q2 Earnings Preview: Gen AI, hiring among top five themes to watch out for
The focus will remain on demand recovery and generative AI pipeline as rival Accenture recently posted a stellar uptick in interest and revenue from Gen AI projects.
BUSINESS
Tech firms, startups back on talent hunt after mass layoffs, hiring freeze for months
After more than a year of muted job market, IT companies and startups in India have started hiring again especially for tech jobs, driving up salary expectations
BUSINESS
IT Q2 FY25 earnings: 5 factors to watch out for
Q2FY25 earnings for the IT sector seem to be heading to a gradual recovery amid caution, according to brokerage houses
BUSINESS
Indian PSUs, banks tap private cloud for cost efficiency and data security in Gen AI experimentation
But experts feel that companies will migrate to the public cloud in the long run, as the hyperscalers are better at operating cost and energy efficient AI models.
BUSINESS
What Accenture’s Q4 performance signals for Indian IT companies
While macroeconomic challenges and demand uncertainties still persists, generative AI will continue to dominate customer’s technology budgets in the second half of FY25 for Indian IT.
BUSINESS
We are open to partnering with Indian companies for semiconductor R&D: IBM’s Sandip Patel
After its partnership with L&T this month and an MoU with the Indian government, the technology giant is now gearing up to leverage its global semiconductor R&D capabilities for new customers in India.
BUSINESS
AI is India’s growth accelerator; would call it naya daur of Digital Bharat: IBM’s Sandip Patel
According to IBM’s AI adoption index released earlier, 59% of the Indian enterprises have deployed AI, making it the highest across markets surveyed.
BUSINESS
From Wankhede to Oracle: Cricketer-turned-AI engineer Saurabh Netravalkar on why data analytics is becoming core to sports
At Oracle, Netravalkar is a principal member of the technical staff working on Oracle Database 23ai, the technology giant’s new database service integrating AI capabilities.
BUSINESS
Enterprises choosing multi-cloud is sign of industry maturing: Oracle’s Pradeep Vincent
Vincent has been the brains behind engineering Oracle's Cloud offerings and business, which as of its first quarter earnings, accounts for over 42 percent of the company’s revenue and stood at $5.6 billion.
BUSINESS
Oracle India’s cloud business grows 58% in first quarter, adds 10 new public sector clients
The growth was driven by several large deals signed in the country in the previous quarter following demand from AI use cases, Oracle's top executives have said. The company continues to focus on India with newer offerings such as NetSuite's ERP solutions
TECHNOLOGY
Long-term rivals are now our partners: Oracle leadership on offering multi-cloud solutions
“Oracle has now reached a point where we have connected our cloud with AWS, Google and Microsoft and we have put up Oracle Cloud Infrastructure (OCI) data centres with all of them,” Oracle chairman Larry Ellison.
TECHNOLOGY
Life savings lost, dashed hopes, uncertain recovery: How WazirX users are coping after $230 million hack
Hacked crypto exchange WazirX’s restructuring plans depend on the resolution of the muddled ownership dispute with Binance.
BUSINESS
AI will improve productivity, jobs in IT industry won't be significantly hit: Kris Gopalakrishnan
Infosys co-founder and Chairman of Axilor Ventures says every wave of technology has grown the IT industry. AI is one such wave. The IT industry, he says, is mature, and depending on the global economy. it will continue to grow by 5-15%.
BUSINESS
Around 55-57% of crypto assets can be returned to users after restructuring: WazirX’s legal advisors
WazirX’s users are unlikely to get full recovery of their crypto portfolio immediately after restructuring. The exchange is also exploring additional options to return more funds to the users.
TECHNOLOGY
Exclusive: Former AWS country head Vaishali Kasture joins Microsoft, to lead SMC business in India and Asia
Vaishali Kasture will be the second top executive to depart from AWS to Microsoft in the last year, as the companies compete to get a larger share of the cloud business in India.
BUSINESS
Hacked crypto exchange WazirX in talks with 11 global exchanges for capital infusion; signed NDAs with three
“Three NDAs have been signed to date with prominent cryptocurrency exchanges with user bases in the range of 12 – 100 million users and between around $5 million and approximately $1.5 billion in daily trade volume,” CEO Nischal Shetty said.
BUSINESS
TCS extends technology partnership with global fashion retailer Primark
TCS will help transform Primark’s technology operations to support the retailer’s ambitious plans for global growth
BUSINESS
Women earn 22-30% less than their male colleagues in popular tech jobs: TeamLease report
Even at the fresher levels, women are earning around 15.38 percent lower salaries as compared to men
BUSINESS
GCCs pay 12-20% higher salaries for tech roles as compared IT companies: Teamlease report
There are another 800 new GCCs set to come up in the next five-six years increasing India’s prominence as the global tech hub. Many of these GCCs will be in tier-II cities like Kolkata, Ahmedabad, and Vadodara, driving geographical diversification and employment in these locations.
