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.
BUSINESS
Around 65% of organisations now run AI in production, says Dell’s top executive
In 2025, companies have their AI roadmaps and strategies in place; and are using data to augment pre-existing models, Varun Chhabra, Senior Vice President, ISG and Telecom, Dell Technologies told Moneycontrol.
TECHNOLOGY
India is doing a phenomenal job in AI skilling, says Dell’s Vivek Mohindra
At a company level, Dell sees the addressable market for AI will grow to $295 billion by 2027, Mohindra said.
BUSINESS
Half a million firms still rely on outdated IT, need AI shift: Jensen Huang
Dell and Nvidia are expanding on their partnership of existing comprehensive AI solution, Dell AI Factory, which added 3,000 enterprise customers within first year of launch.
BUSINESS
The world will invest over $1 trillion in AI to ensure prosperity of nations and industries, says Michael Dell
“AI is the operating system that will power the world forward, adding an estimated $15 trillion to the global economy by 2030,” Dell said at the Dell Tech World 2025.
BUSINESS
TCS is building thousands of AI agents for various industries: AI chief Ashok Krish
Rolling out a chatbot doesn't make it an AI strategy, the entire business process value chain needs to be rethought grounds up, the IT services giant's global AI head tells Moneycontrol in an exclusive interview
BUSINESS
DeepMind's India team contributed significantly to Gemini 2.5 Flash AI model, says Google's Manish Gupta
Gupta said that Gemini 2.0 Flash artificial intelligence (AI) model gives 5X higher performance per dollar than DeepSeek’s R1
BUSINESS
Indian IT firms declare WFH, postpone domestic, foreign travel amid India-Pakistan conflict
Several companies including Deloitte, KPMG, EY, HCLTech, and Tech Mahindra had sent advisory notes to ensure employee wellbeing.
BUSINESS
EY India asks employees to work from home as India-Pakistan conflict escalates
Employees in Delhi NCR, Chandigarh, Jaipur and Ahmedabad offices were asked to work from home.
BUSINESS
Hexaware reduced BPO workforce by 500 in AI-triggered hiring shift: CEO R Srikrishna
The shift from deploying AI has started reflecting on the IT services firm’s hiring strategy, as Hexaware plan to soon experiment with deploying agentic AI solutions at its internal helpdesk functions.
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.
