BUSINESS
Biggest economies are pro-crypto, India will follow eventually, says web3 VC Hashed co-founder Ryan Kim
Kim’s comments come at a time when Trump has banned the central bank digital currency but has spoken openly in favour of crypto
BUSINESS
Venu Lambu's appointment as LTIMindtree CEO will drive sales, help bring larger deals: Experts
Industry analysts highlighted margin volatility, positioning of the brand along with other Tier-I rivals, top level exodus as concerns needing to be solved for.
BUSINESS
Top 5 Indian IT companies have less than 50% dependency on H-1B visas
Indian-origin companies like Infosys and TCS were major players for the H-1B visa sponsorship, securing nearly 20 percent of the total approved visas in 2024, according to USCIS data.
BUSINESS
Davos 2025: US clients are now more optimistic about future, says Tech Mahindra CEO Mohit Joshi
Tech Mahindra’s quarterly large deals order book grew from $345 million at the start of Q1 to $745 million at the end of the December quarter, Joshi said
BUSINESS
Davos 2025: Strength of LLMs lie in training them with vast data, that’s what IT companies are good at, says TCS CEO
Krithivasan contradicted the views of US tech companies like Meta and OpenAI, which suggest that AI and AI agents will take over engineering jobs. He believes that AI will only disrupt the way certain engineering roles function.
BUSINESS
IT companies see healthiest recovery in the last 1.5 years in Q3 FY25 earnings
Constant currency revenue and deal wins improved for most while operating margins improved for all in a seasonally weak quarter marked by furloughs.
BUSINESS
AI cannibalising short-term revenues but will deliver long-term gains: LTIMindtree CEO Debashis Chatterjee
Chatterjee said that given the company’s order volume and strong pipeline, he’s confident that FY26 would be better than FY25
BUSINESS
Top 5 IT firms shed 2,500 jobs in Q3FY25 after a quarter of additions
On a positive note, these firms added 10,412 employees in 9MFY25, marking a cautious revival after losing over 57,608 employees during the same period in FY24.
BUSINESS
Tech Mahindra’s strong deal pipeline a sustainable trend, shows growing strength, confidence: CEO Mohit Joshi
Tech Mahindra has added 40 plus new clients in the must have accounts. Of this 12 were onboarded in December quarter itself.
BUSINESS
Tech Mahindra’s headcount declines by 3,785 employees in Q3FY25
As of calendar year 2024, Tech Mahindra has added over 4,700 freshers, said CFO Rohit Anand.
BUSINESS
Tech Mahindra Q3 results: Net profits jumps 92% YoY to Rs 983 crore, revenue up 1.4%
Tech Mahindra reported a decline in net profit sequentially by 21.36 percent. The fall in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.
BUSINESS
Infosys to hire over 20,000 freshers in FY26, says CFO
Infosys CFO Jayesh Sanghrajka added that the company is on track to reach its FY25 target of hiring around 15,000 freshers.
BUSINESS
LTIMindtree Q3 results: Net profit falls 7% to Rs 1,086 crore, revenue rises 7%
LTIMindtree’s order book grew to $1.68 billion, its highest quarterly deal wins. This is an increase of 29% sequentially.
BUSINESS
Infosys adds 5,591 employees in Q3, headcount up for second consecutive quarter
The total headcount in Q3 stood at 3,23,379, up from 3,22,663 in the year-ago period. The employee count is up 716 YoY.
BUSINESS
Budget 2025: Crypto industry seeks lower taxes, loss offsets and regulations to protect consumers
After a tumultuous year, including the WazirX cyber attack, the crypto industry will be closely tracking the budget even as bitcoin crossed $100,000 in 2024
TECHNOLOGY
N Korea responsible for WazirX's $235-mn crypto hack, say US, Japan, S Korea; issue global warning
This is the first time North Korea and its government-backed hacker community Lazarus Group have been officially held accountable for $235-million WazirX hack
BUSINESS
Cost of using LLMs have dropped over 85% since early 2023, making more use cases viable: HCLTech CEO C Vijayakumar
As of Q3, the company has reported a sizeable number of AI and generative AI deals, without divulging exact numbers.
BUSINESS
HCLTech to roll out wage hikes for mid, senior management staff in Q4FY25
This comes after the company’s management entirely skipped compensation review for the mid and senior management staff in FY24
BUSINESS
Not much difference in BSNL deal revenue in Q3 from previous quarter, says TCS CEO K Krithivasan
BSNL deal revenue is set to taper, as TCS is expected to complete the project by Q4 or Q1FY26
BUSINESS
TCS not worried about H-1B visas, over 50% of US workforce local, says CEO K Krithivasan
In any given year, TCS gets about between 3,000 to 4,000 H-1B visas, says Krithivasan. At the end of the December quarte, TCS had a total of 6,07,354 employees
BUSINESS
Shorter deal closure cycles, pick up in discretionary spend: Why TCS CEO is bullish on 2025
TCS’ order book in the Europe has hit an all-time high in Q3, says Krithivasan
BUSINESS
New US govt will bring certainty on policies, drive discretionary spending: TCS CEO
TCS’ order book closed at $10.2 billion in Q3. The management said that the strong order book in Q3 is giving them “confidence and comfort on outlook for the future.”
BUSINESS
TCS Q3 order book grows 26% YoY to $10.2 billion, highest in past five fiscal years
Geographically, demand was led by India market, which grew 70.2 percent YoY in constant currency (CC) terms, followed by MEA at 15 percent, Asia Pacific at 5.8 percent and Latin America at 7 percent.
BUSINESS
IT Q3FY25 earnings: From wage hike delays to discretionary spend, five factors to watch
Discretionary spending remains a sore point for IT companies, with clients continuing to prioritise cost-saving projects over large-scale transformation initiatives, say brokerages.
