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.
BUSINESS
If Ethereum doesn’t find its footing, we have to find our own standing: Polygon's Sandeep Nailwal on forging new path
In a candid conversation with Moneycontrol, Nailwal spoke about dismantling the board, his comeback as CEO and rebuilding Polygon
BUSINESS
Digitide, Bluspring will carry shared heritage of Quess: Founder Ajit Isaac
Reinvestment of Rs 1,270 crore raised in public capital by Quess Corp laid the foundation for the two firms, that debuted on the stock markets in twin listing on June 11.
BUSINESS
Polygon Foundation names co-founder Sandeep Nailwal as CEO in a strategic shift
L2 blockchain firm Polygon is gearing up for business strategy overhaul under Nailwal’s leadership
BUSINESS
How Mumbai's biggest startup founders are TEAM-ing up to launch an investment collective
TEAM Angels will be backing and mentoring early stage startups headquartered in Mumbai. The angel network includes some of the most prominent startup founders of India.
BUSINESS
IT veterans secure 12–14% of C-suite positions in GCCs over the past three years
Industry experts said that these seasoned IT services leaders were not just drawn by elevated roles, but by the opportunity to drive enterprise-wide transformation rather than pure-play delivery.
BUSINESS
Actor Jeetendra Kapoor and family sell Andheri plot for Rs 855 crore to NTT Global Data Centers
The deal includes two contiguous land parcels measuring a total of 9,664.68 sq metres, or around 2.4 acres. The land parcel currently houses Balaji IT Park, which includes three constructed buildings.
BUSINESS
Singapore court declines WazirX’s restructuring plan following $230-mn hack
The long-awaited restructuring plan’s approval was critical to allow rebalancing of tokens that would have enabled impacted users to recover up to 85 percent of the value of tokens lost in the initial phase.
BUSINESS
New crypto user sign ups in India improved, but nowhere close to 2021 mark: CoinSwitch’s Ashish Singhal
CoinSwitch is launching a crypto options feature, a type of derivative that would allow users to hedge portfolio risk by betting on future crypto prices.
BUSINESS
Inside Dell’s ‘decentralised’ AI Future: How the Dell AI Factory is gearing up to capture enterprise demand
The first year of Dell AI Factory proved it was up to 60 percent more cost-effective than the public cloud. Dell highlighted that 85 percent of enterprises plan to move generative AI workloads on premises in the next 24 months.
BUSINESS
GCCs Ahoy! Global retail giants flock to India, planning up to 100 centres by 2028
India’s retail and CPG capability centres have evolved into ;second headquarters', driving global operations for leading brands
BUSINESS
TCS sees GenAI as 'civilisational shift', crosses $30 billion revenue in FY25
“GenAI is already redefining analytics, customer experience, and marketing. The rise of autonomous robots and AI agents promises a future of ‘dark factories’ and AI-assisted enterprise functions," Chandrasekaran said in a letter to shareholders.
ARTIFICIAL-INTELLIGENCE
TCS CEO K Krithivasan earned Rs 26.52 crore in FY25
Newly appointed COO Aarthi Subramanian will be earning a basic salary of Rs. 10,80,000 per month with effect from May 1, 2025; up to a maximum of Rs. 15,00,000 per month.
