BUSINESS
Wipro’s headcount increases by 337 in Q1, reverses decline after six quarters
Wipro has on boarded over 3,000 freshers in Q1 and plans to hire around 10,000-12,000 people in FY25 including on and off campus.
BUSINESS
No office, no leaves! HCLTech links employee leaves to office attendance
Employees have to be in office three days a week and at least 12 days in a month, else their leaves will be cut for each day they are absent, people familiar with the matter said.
BUSINESS
Infosys to hire 15,000-20,000 freshers in FY25
In FY24, Infosys had hired 11,900 freshers, a decline of 76 percent from over 50,000 freshers hired in FY23.
BUSINESS
Infosys loses 1,908 employees in Q1FY25, sixth consecutive quarter of decline
This is likely driven Infosys’ changing hiring model as it looks to focus more on improving utilisation rate. On a YoY basis, overall headcount reduced by 20,962.
BUSINESS
Regulatory spends in BFS, vendor consolidation driving demand for LTIMindtree: COO Nachiket Deshpande
In Q1, North America saw the highest growth on both QoQ and YoY basis, with the revenue contribution coming from this geography increasing to 75.1 percent, its highest since the merger of erstwhile L&T Infotech and Mindtree in November 2022.
BUSINESS
LTIMindtree pushes FY25 annual wage hike cycle to Q3
In FY24 too, LTIMindtree had delayed its wage hike cycle, which typically begins in the month of April, to August.
BUSINESS
Hiring, interviewing, experience zones: How TCS is infusing AI into its operations
AI Experience Zones for innovating and experimenting, AI-based interviewers and coaches for hiring and deploying talent — here’s a sneak peek into TCS 2.0
BUSINESS
HCLTech has no plans to link variable pay to office attendance, says CEO C Vijayakumar
In February, the company made it a must for employees to report to office thrice a week
BUSINESS
Linking variable pay to office attendance not to punish employees, is temporary measure, says TCS HR chief
TCS CHRO Milind Lakkad also shared that the company has cleared all the fresher hiring backlog from previous years.
BUSINESS
Discretionary spending has not picked up, says HCLTech CEO C Vijayakumar
HCLTech expects to see growth across all verticals and geographies barring financial services in Q2.
BUSINESS
No significant pick up in discretionary spending yet: HCLTech CEO
HCLTech reported $1.96 billion in new deal wins for Q1FY25, a decline sequentially from $2.29 billion reported last quarter.
BUSINESS
HCLTech sees headcount decline by 8,080 in Q1FY25
The company said it lost around 7,398 employees due to a divestiture.
BUSINESS
Nearly 70% of TCS employees' return to office after variable pay linked to attendance
CHRO Milind Lakkad said that this measure is a temporary move and needs to be seen that way.
BUSINESS
TCS completes annual increments in Q1
During Q4 earnings conference in April, Lakkad had shared that the company will be rolling out wage hikes in the range of 4-5 percent with double digit hikes for top or exceptional performers starting from April 1.
BUSINESS
TCS Q1 order book declines 18% to $8.3 billion
TCS' total contract value (TCV) was 18.6 percent lower from the $10.2 billion in the year-ago period and 37 percent down from the previous quarter
BUSINESS
TCS Q1FY25 earnings: Five factors to watch for
The Indian IT services bellwether is to announce its first quarter numbers on July 11, and it will be closely monitored to get a feel of the sector's prospects.
BUSINESS
IT Q1 FY25 earnings: Five factors to watch out for
Analysts unanimously believe that Q1 would be sequentially better than the last quarter, driven by seasonal improvements and ramp-up of large cost takeout deals.
BUSINESS
TCS vs Wipro: Who'll win the AI platform war?
Choosing between the two platforms depends on whether a business prioritises streamlined GenAI integration or future-focused solutions, says industry experts
BUSINESS
What's driving the Nifty IT Index rally in the past few days?
Investors are hoping for a better FY25 as the sector is gearing up to report its first quarter earnings from next week onwards, experts said.
BUSINESS
Indian IT cos struggle with Gen AI rollout delays amid rising compute, cloud cost
Analysts also pointed out that a critical barrier in GenAI adoption is the lack of a robust data foundation in most organisations.
BUSINESS
Tech M set for a leap into AI orbit, make best use of opportunities: Anand Mahindra
He hailed Tech Mahindra's 3-year roadmap for achieving profitable growth, covering every aspect of the organisation.
BUSINESS
Too early to discuss LTIMindtree’s CEO succession plan, says L&T’s AM Naik
LTIMindtree's chairman emeritus Naik has shared that the conglomerate would start to look for a successor to CEO Debashis Chatterjee only six to nine months before his term ends.
BUSINESS
LTIMindtree, LTTS jointly announce $200 million Gen AI deal pipeline
Between the two companies, L&T Group has trained around 35,000-40,000 engineers in generative AI skills.
BUSINESS
Regulation on offshore crypto exchanges to drive volumes for Indian peers: Sumit Gupta of CoinDCX
Gupta’s comments follow the recent Rs 18.82 crore fine imposed on Binance by the Financial Intelligence Unit in India (FIU-IND), for not following local anti-money laundering laws while serving Indian users.
