BUSINESS
Margin pressures and outdated skills behind TCS job cuts, say industry analysts
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, who too have been launching various programs to improve operating margins in the past two years amid growth slowdown.
BUSINESS
TCS is just the start! Experts expect other IT firms to also cut jobs amid margin pressure and AI push
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, which have also been launching various programs to improve operating margins in the past two years amid growth slowdown.
BUSINESS
TCS job cuts not driven by margins, says TCS CEO K Krithivasan
At the end of the June quarter, TCS had 6,13,000 employees. A 2 percent workforce cut will impact roughly 12,200 employees
BUSINESS
Not cutting jobs because of AI, says TCS CEO Krithivasan on 2% workforce layoff plans
'This is driven by where there is a skill mismatch, or, where we think that we have not been able to deploy someone,' Krithivasan told Moneycontrol.
BUSINESS
MC Interview: Had to take 'difficult call' to build stronger TCS, says CEO K Krithivasan after cutting 12,000 jobs
'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
BUSINESS
TCS to cut 2% of workforce, affecting 12,000 employees amid skill gap and tech shift
In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.
BUSINESS
How TCS, Infosys, HCLTech, Wipro and Tech Mahindra fared in Q1FY26
Infosys may have led the Tier-1 pack in Q1, but the bar was low, as macroeconomic conditions were challenging and client spending had not picked up significantly.
BUSINESS
Only TCS, Infosys among India's top IT firms added headcount in Q1 amid AI, growth overhang
The IT industry is at an inflection point as the companies navigate their hiring strategy amid AI disruption and the ongoing macroeconomic challenges.
BUSINESS
Infosys lifts growth guidance to 1–3% as agentic AI, consolidation deals and stabilising global economies drive optimism
In the previous quarter, the company had set its revenue growth guidance at 0-3 percent in constant currency for FY26. As of Q1FY26, Infosys has retained its operating margin guidance at 20-22 percent.
BUSINESS
Infosys adds 210 employees, fourth consecutive quarter of headcount addition
The attrition rate increased to 14.4% from 14.1% in the March quarter
TECHNOLOGY
Govt collected Rs 437.43 cr in income tax on cryptocurrencies in FY24, up by 62% YoY
This is the first time the government has disclosed the information on crypto taxes collected since it was implemented in 2022.
BUSINESS
LTIMindtree CEO Venu Lambu sees stronger growth ahead, expects profit margins to improve
Lambu hits that another mega deal is on the cards and will be closed soon. It could be even bigger than the $450-million deal in the June quarter
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.
