Moneycontrol PRO
HomeAuthor

Reshab Shaw

Correspondent

Moneycontrol

India needs to take bigger bets in deep tech, says Infosys cofounder K. Dinesh

BUSINESS

India needs to take bigger bets in deep tech, says Infosys cofounder K. Dinesh

Patient capital, early investment, and strong university networks helped many nations become leaders in advanced technologies.

H-1B shift shows Trump moving from ideology to pragmatism, analysts say

BUSINESS

H-1B shift shows Trump moving from ideology to pragmatism, analysts say

Industry watchers say India’s IT sector remains largely unfazed as US visa restrictions tighten, with firms already localising hiring and reducing dependence on H-1Bs.

Back office renaissance: Genpact, EXL, Firstsource surge as BPMs ride the AI wave, outpacing IT peers

BUSINESS

Back office renaissance: Genpact, EXL, Firstsource surge as BPMs ride the AI wave, outpacing IT peers

Integrated technology operations, once the stronghold of IT firms, are now being executed meaningfully by companies that began as BPMs or BPOs.

Persistent Systems, Mphasis outperform Tier-I IT peers in billable revenue per employee

BUSINESS

Persistent Systems, Mphasis outperform Tier-I IT peers in billable revenue per employee

Among Tier-I IT firms, HCLTech had the highest billable revenue per employee at $17,822 in Q2, growing 5.2 per cent YoY, according to estimates by UnearthInsight.

H-1B visa curbs lift subcontracting costs for Indian IT firms; Infosys sees steepest rise

BUSINESS

H-1B visa curbs lift subcontracting costs for Indian IT firms; Infosys sees steepest rise

Beyond tightening H-1B visa rules, demand uncertainties are also driving IT firms to focus on short-term contractors rather than hiring full-time employees.

GCCs, ER&D drive hiring with 30-40% salary hikes, says TeamLease even as IT stays flat

BUSINESS

GCCs, ER&D drive hiring with 30-40% salary hikes, says TeamLease even as IT stays flat

Mid-tier IT services and ER&D firms are seeing healthy demand for niche skills such as Python, cloud security, and AI and prompt engineering

Inside Maya Research: How two 23-year-olds beat Google in speech AI and are building a 10 to 15x larger Indic version by June 2026

TECHNOLOGY

Inside Maya Research: How two 23-year-olds beat Google in speech AI and are building a 10 to 15x larger Indic version by June 2026

The Bengaluru-based startup climbed the global charts by training the English model from scratch and tuning it through relentless listening tests, improving voice quality until it consistently outperformed many in blind evaluations.

Startup boom in 2000s killed open-source momentum in India: Zerodha CTO Kailash Nadh

BUSINESS

Startup boom in 2000s killed open-source momentum in India: Zerodha CTO Kailash Nadh

Nadh also said that open-source capability is central to national technology resilience.

No country can build tech capacity without open source, says Zerodha CTO Kailash Nadh

TECHNOLOGY

No country can build tech capacity without open source, says Zerodha CTO Kailash Nadh

He added that modern digital systems, including those used by governments and large enterprises, are built on open-source software layers that cannot be replaced or rebuilt independently.

Quess sees ‘green shoots’ in IT staffing during September quarter as select hiring mandates open

BUSINESS

Quess sees ‘green shoots’ in IT staffing during September quarter as select hiring mandates open

The demand is primarily in AI, cloud transformation, cybersecurity, enterprise platforms and SAP HANA upgrades, tied to ongoing technology modernisation in global enterprises.

Inside Oracle’s push to end single-vendor GPU dependence

TECHNOLOGY

Inside Oracle’s push to end single-vendor GPU dependence

As demand for foundation model training continues to accelerate, cloud providers have been forced to rethink how they secure compute and how much control they cede to the vendor that dominates it.

India’s rapidly growing developer community a key investment area with huge potential, says Microsoft’s Jay Parikh

TECHNOLOGY

India’s rapidly growing developer community a key investment area with huge potential, says Microsoft’s Jay Parikh

Microsoft-owned GitHub is pursuing a broad strategy to drive adoption of its developer platform in India, targeting students, universities, and companies, COO Kyle Daigle told Moneycontrol.

Cognizant calls time on the IT era, bets future on AI built delivery

BUSINESS

Cognizant calls time on the IT era, bets future on AI built delivery

The firm continues to lean heavily on fresher hiring, targeting 20,000 campus recruits this year, while moving delivery towards AI-assisted development workflows.

Cognizant posts strongest sequential growth since 2022, raises full-year guidance to 6-6.3%

BUSINESS

Cognizant posts strongest sequential growth since 2022, raises full-year guidance to 6-6.3%

CEO Ravi Kumar S said that over 30% of the company’s code is now being generated by AI, improving developer productivity and enabling larger fixed-price deals.

Coforge leans on proprietary AI platforms as automation reaches 8% of revenue

BUSINESS

Coforge leans on proprietary AI platforms as automation reaches 8% of revenue

Coforge’s strategy is to scale AI-led engineering, expand large accounts and maintain asset-light delivery.

Quantum will break encryption, and AI might hand it the key

BUSINESS

Quantum will break encryption, and AI might hand it the key

Wipro’s latest cybersecurity report found that 75% of enterprises lack expertise to defend against AI-led attacks, and 86% of recent breaches involve nation-state actors, a sign of how quickly digital espionage is escalating.

Why $800-billion Oracle wants to build AI-powered ambulances?

BUSINESS

Why $800-billion Oracle wants to build AI-powered ambulances?

The Texas-headquartered tech giant is building AI-powered ambulances as part of its broader push to create a fully connected healthcare ecosystem

Infosys, Cognizant, Accenture, LTIMindtree invest in Oracle’s $1.5 bn AI Data Platform

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.

Oracle to deploy 50,000 AMD GPUs by 2026 as competition heats up with Nvidia

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.

TCS to invest $6-7 billion into building data centers; first revenues 18–24 months after start

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.

TCS headcount falls over 19,700 in Q2FY26 amid restructuring, layoffs

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.

Muted revenues, margin pressure, visa impact: Five key factors to watch out for in Q2FY26 IT earnings

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.

TCS offers up to 2 years’ severance pay amid workforce restructuring

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.

Demand for AI talent surges across India’s GCCs, up to 3,500 roles open

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.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347