BUSINESS
Infosys, Cognizant, Accenture, LTIMindtree invest in Oracle’s $1.5 bn AI Data Platform
Oracle said the investment will include training over 8,000 practitioners and developing more than 100 industry-specific AI use cases across sectors such as manufacturing and utilities.
TECHNOLOGY
Oracle to deploy 50,000 AMD GPUs by 2026 as competition heats up with Nvidia
The announcement comes at a time when most hyperscalers, including Amazon, Microsoft, and Google, rely heavily on Nvidia hardware and software stacks for AI workloads. Over 90 percent of the world's heavy-duty GPUs are provided by Nvidia.
BUSINESS
TCS to invest $6-7 billion into building data centers; first revenues 18–24 months after start
TCS CEO K Krithivasan said the project, which is close to India’s overall data center capacity, will be developed in phases with funding structured as a mix of equity and debt.
BUSINESS
TCS headcount falls over 19,700 in Q2FY26 amid restructuring, layoffs
Headcount was down even in a quarter when attrition fell to 13.3 percent, from the previous quarter’s 13.8 percent.
BUSINESS
Muted revenues, margin pressure, visa impact: Five key factors to watch out for in Q2FY26 IT earnings
Brokerages are unanimous that India’s information technology (IT) services sector will deliver another muted quarter, with revenue growth largely flat and client spending still subdued.
BUSINESS
TCS offers up to 2 years’ severance pay amid workforce restructuring
Employees who have been unallocated or “on the bench” for over eight months without finding a suitable role are offered a simpler package, consisting of notice period pay equivalent to three months.
BUSINESS
Demand for AI talent surges across India’s GCCs, up to 3,500 roles open
The sharp rise in hiring comes as global firms increasingly turn to India to bridge the AI talent gap.
BUSINESS
TCS layoffs leave employees facing uncertainty and anxiety
TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.
ARTIFICIAL-INTELLIGENCE
US firms amass $500 billion AI war chest as infrastructure strategy turns inward
These moves follow a broader trend of AI consolidation, as technology giants seek to secure long-term access to scarce computational resources and to hedge against geopolitical and supply chain risks.
ARTIFICIAL-INTELLIGENCE
Layoffs, acquisition pullbacks, slower growth: Accenture hints at grim picture for FY26
Workforce reductions and acquisition exits come as IT demand softens; TCS also cut staff amid industry-wide caution earlier.
BUSINESS
Accenture’s $3 bn AI gamble delivers, Gen AI bookings surge to $6 bn in FY25
The world's largest IT firm delivered at the top of its guidance range, even outpacing its large peers at a time when the industry is facing headwinds.
BUSINESS
Accenture sees 'opportunity' in H-1B visa changes, impact limited to only 5% of US workforce
CEO Julie Sweet said every time there’s a big policy change, unfolded over decades, it has usually driven more business for the company.
BUSINESS
After visa fee hike, Trump's wage-based H-1B plan threatens to push Indian IT further offshore
Experts warn the proposal could disproportionately impact Indian IT firms and accelerate offshoring of tech jobs.
BUSINESS
Deloitte commits Rs 100 crore to AI Infrastructure Centre of Excellence in Mumbai, Bengaluru
The CoE will support clients worldwide in building and operating specialised AI data centres, a critical foundation for scaling generative and agentic AI adoption.
BUSINESS
Only 3-5% of Indian IT workforce is on H-1B; companies don’t expect significant impact of new visa fee
Meanwhile, the H-1B setback weighed on listed shares of Indian large and midcap IT companies on September 22. Most fell between 2-5 percent to take the Nifty IT index down by up to 3 percent in early trade.
BUSINESS
Analysts see limited impact on Indian IT as White House eases concern on H-1B fee hike
This calms the nerves of those expecting a massive hit for Indian IT firms, particularly in terms of margins and other business parameters.
BUSINESS
$100,000 H-1B visa fee alarms Indian IT sector, immigration lawyers expected to mount legal challenge to Trump's Executive Order
Immigration lawyers are advising impacted professionals to “wait and watch”, because the next step is going to be a litigation against Trump’s move
BUSINESS
Have robust local recruiting, hiring infrastructure: Cognizant on H-1B visa fee hike
The Teaneck-headquartered company, with a healthy exposure to H-1B visas in the US, is reviewing the US President Donald Trump’s H-1B visa fee hike and evaluating its potential impact on the company’s operations.
BUSINESS
Fed rate cut, trade talks ease downside risk for Indian IT, but tech budgets still locked
Nevertheless, firms with deep pockets, such as Infosys, TCS, and Wipro, can sweeten the deal by offering flexible payments, outcome-based pricing, or covering upfront costs to push hesitant clients.
BUSINESS
Gen AI revenue lines blur, Happiest Minds pins 25% growth hopes on US market
Experts have long held that Gen AI revenues are difficult to estimate, ever since Accenture disclosed it, since most deals have a component of the nascent technology
BUSINESS
Nasscom ER&D head flags fundamental business model change, as IT sector faces similar churn
KPIT has been able to cut engineering cycle times by as much as 25-30 percent by deploying AI in validation and testing environments.
BUSINESS
AI boosts IT operations by 40%, ER&D gains still at 15%, says Infosys executive
Engineering research and development requires sector-specific solutions for industries such as automotive, aerospace, manufacturing and energy. These are also the areas where adoption cycles are slower and results take longer to materialise
BUSINESS
Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor
Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.
INFORMATION-TECHNOLOGY
India’s $280-bn IT industry safe from potential US tariffs, says Karnataka IT Minister
Kharge said it was premature to react to tariff talk, hinting that the US official behind the statement often shifts positions and it remains uncertain if the proposal to tax Indian IT will be implemented.
