BUSINESS
Layoffs hit GCCs as auto tech firm AUMOVIO plans 1,000 job cuts in India
With around 6,000 employees in India, the planned reduction implies that nearly 16-17% of AUMOVIO’s local workforce will be impacted, making India one of the most affected geographies in the global exercise.
BUSINESS
Two companies planning AI server manufacturing units amid data centre push: IT minister Vaishnaw
Globally, AI server manufacturing is dominated by Taiwanese Original Design Manufacturers (ODMs) such as Foxconn, Quanta, and Wistron, along with branded players like Dell, HPE, and Lenovo, while platforms are largely Nvidia, AMD, and Intel.
BUSINESS
Cognizant to roll out 100% bonus pay after hitting growth targets ahead of plan
Cognizant’s entry into the 'Winner’s Circle' followed 6.4% year-on-year constant currency growth in 2025, the highest among large IT services firms
BUSINESS
Cognizant offers reality check on Anthropic AI after Rs 2-lakh-cr IT rout, says value won’t shift magically
Addressing concerns in the post-earnings press conference, Cognizant CEO Ravi Kumar S said the assumption that new AI tools can be plugged into enterprise environments and immediately replace large parts of IT services work is misplaced.
BUSINESS
Cognizant plans to hire about 25,000 freshers in 2026 as AI boosts productivity
Contrary to the widespread discussion on AI-led job losses, the management said higher fresher intake is being supported by rising productivity at the bottom of the pyramid, enabled by greater use of AI tools and agentic software.
BUSINESS
Indian IT selloff reflects AI-led repricing fears, not demand collapse, say analysts
Market participants pointed to renewed concerns after Palantir’s latest earnings commentary highlighted how AI-led platforms are compressing timelines for complex enterprise work, worrying expectations around traditional IT services-led revenue models.
BUSINESS
US-India trade deal eases outsourcing curb fears for Indian IT, GCCs
The easing of trade-related anxiety is expected to directly benefit GCCs, as US enterprises that had adopted a wait-and-watch stance on expanding or setting up centres in India amid trade friction begin to move forward with their plans.
BUSINESS
Budget's Data Centre push wins applause, but sparks level-playing-field concerns
Industry leaders believe this move is India’s play to outcompete established hubs like Singapore, Ireland, and the Middle East for global cloud infrastructure investment.
BUSINESS
Data Centre tax holiday to benefit Indian players, GPU infra big way: Yotta CEO Gupta
Additionally, Gupta also pointed out that the use case of foreign cloud providers serving global demand from India shall increase significantly.
BUSINESS
IT services hiring stays weak; enterprises, GCCs pick up, says Quess CEO
Within the segment, GCC clients now account for roughly 72% of professional staffing headcount.
BUSINESS
Why India’s GenAI rush creates 13x more startups, while funding rises just 1.6x
The 688-page Economic Survey suggests that lower entry barriers, rising demand for productivity-led GenAI solutions, and continued capital concentration in infrastructure have enabled rapid startup formation without a commensurate rise in overall funding.
BUSINESS
Happiest Minds founder and executive chairman Ashok Soota explores stake sale, taps banker to assess options
Soota currently holds over 32% in the IT services firm directly and more than 40% through other promoter holdings. Soota’s stake in Happiest Minds Technologies is valued at approximately Rs 1,980 crore at current market prices.
BUSINESS
India-EU FTA to dismantle demand and talent hurdles, give boost to ER&D for Indian IT
Touted as the “mother of all deals”, the FTA is being assessed by the $283-billion IT, tech, and services industry as a medium-term structural positive rather than an immediate demand trigger.
BUSINESS
Next GCC wave in Tier-2 cities needs payroll incentives, Grade-A infra, cluster strategy
The industry has also flagged transfer pricing as a persistent challenge for GCCs as they move into higher-value and IP-linked work.
BUSINESS
DXC Technology to shift Bengaluru campus from Electronics City to ORR
IT firm DXC Technology to move campus to Prestige Lakeshore Drive in Bellandur on the Outer Ring Road
BUSINESS
ServiceNow says 45% of its global product engineering is now done from India
The company plans to expand its team in Hyderabad this year, focusing on roles such as software engineers with AI skills, machine learning specialists and research scientists
BUSINESS
Budget 2026: IT/BPM wants clarity on labour codes, bigger push on AI, skilling
The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.
BUSINESS
Coforge pegs Encora integration costs at $10–15 million, synergies to kick in Q1FY27
Coforge also reiterated that it has decided not to go ahead with a QIP to retire Encora’s debt, saying it has secured financing from a consortium of banks at a “middle single digit” interest rate.
BUSINESS
Davos 2026: Accenture to set up Bengaluru lab focused on physical AI, robotics security
Accenture’s cybersecurity business is worth about $10 billion, with around 30,000 security professionals worldwide. Of these, 13,000 are based in India
BUSINESS
Davos 2026: Infosys to hire 20,000 graduates in FY27 as CEO Parekh flags AI-led growth opportunities
The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents.
BUSINESS
WEF 2026: BPO is Cognizant’s fastest-growing business, says CEO Ravi Kumar
Cognizant CFO Jatin Dalal also weighed in on the intertwining of the operations and tech shift, saying it is forcing companies to rethink how services are priced in the AI era
BUSINESS
Davos 2026: Wipro doing the right things under CEO Srinivas Pallia, says Premji
Premji said AI will create wider opportunities for technology services firms, from advisory work to implementation and delivery at scale.
BUSINESS
Davos 2026: Indian IT is not lagging in AI, says Wipro chairman Rishad Premji
Talking about job and revenue deflation concerns stemming from AI, Premji tells Moneycontrol that the transition does not necessarily mean less revenue or fewer people, 'it just means a redistribution of what you’re doing'
BUSINESS
Davos 2026: India is our second-largest enterprise market as RoI drives adoption, says ElevenLabs
ElevenLabs’ India play initially accelerated through content creation and dubbing across multiple languages, but Reina said the next wave of growth is increasingly coming from “Agentic” deployments.
