BUSINESS
AI won’t derail India’s GCC growth but will redefine it, say experts
While AI-driven automation will impact certain service segments, experts say it will push GCCs up the value chain rather than derail India's growth story
BUSINESS
Established AI innovation labs, factory with clients to incubate new AI tech: Infosys
The labs focus on tracking, assessing, and developing proof of value for emerging AI tech within the organisation, while the AI factory productises and scales these solutions.
BUSINESS
AI solutions firm Tredence plans 1,700 new hires in 2025, 30% dedicated for Gen AI, Agentic AI
Bhowmick added that Gen AI revenue has surged for the San Jose-headquartered firm recently, now making up about 20-25 percent of its earnings driven by such deals.
BUSINESS
Infosys terminates more trainees from Mysuru campus; offers alternative career path
The Bengaluru-based company is providing affected trainees with an alternative career path, including a 12-week training program for potential roles in Infosys BPM.
BUSINESS
IT sector sees 90% drop in new company formations, down to 2,400 in FY25
Karnataka, India’s IT hub, recorded a sharp decline in the number of new IT companies formed over the last five years, from 2,544 in FY20 to just 212 in FY25.
BUSINESS
At least eight IT and ER&D firms appointed new CEOs between January and March
Industry experts are calling it a sign of a healthy industry as tech companies are in the midst of a strategic shift with the impact of artificial intelligence (AI) continuing to become more pronounced.
BUSINESS
Indian IT’s discretionary revival hopes fade post Accenture results; Fed spending cuts not alarming
Accenture CEO Julie Sweet highlighted rising global economic and geopolitical uncertainty, a shift from the Q1FY25 outlook.
BUSINESS
What Google's $32-billion Wiz acquisition means for the global cloud wars
Wiz will remain multi-cloud once the acquisition is processed, and continue to serve existing customers and Google Cloud’s rivals AWS, OCI and Microsoft Azure among others.
BUSINESS
Inside the tech behind Modi-Lex podcast: ElevenLabs India head explains the breakneck translation speed
ElevenLabs has a global team of around 150 people, including 10 in India, and plans to expand its go-to-market team further.
BUSINESS
Laid-off employees of US-based edtech firm Focus Edumatics file complaint with Karnataka Labour Commissioner
On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.
BUSINESS
Shrinking IT deals dealt another blow by Donald Trump’s tariff war
The total number of deals up for renewal has been declining year-over-year. In 2023, 1,374 deals were up for renewal, which fell to 1,226 in 2024 and is expected to decline further in 2025.
BUSINESS
Indian IT firms brace for delayed discretionary spending revival amid Trump tariff, recession fears
Investor concerns have grown over a potential economic slowdown after US President Donald Trump refrained from ruling out a recession amid the implementation of trade tariffs.
BUSINESS
How India's ER&D sector overtook BPM in the tech industry for the first time
Over 1,680 of India’s approximately 1,750 GCCs house ER&D services, with a sizeable percent of the top 50 global engineering service providers headquartered in India
BUSINESS
ER&D to grow ahead of IT on the back of automation, compute power, supply chain, says L&T Tech CEO Chadha
Out of the 25,000-odd engineers of L&T Tech Services, over 8,500, or over 30 percent of the workforce, have already been trained in AI and Gen AI tools.
BUSINESS
Inside India’s foundational LLM mission: How Yotta is bridging the compute gap
Yotta highlighted that applicants can receive instant access to compute once their request is cleared by the government through a single unified interface for the proposed foundational model.
BUSINESS
Mphasis rejects decline of traditional IT services, calls for AI-driven adaptation
Mphasis' Ravi Vasantraj believes IT firms will have to adapt to new models with shorter deal cycles, AI-driven automation, and a shift towards business outcomes.
BUSINESS
AI is the next battleground, expect a lot of geopolitical posturing around access: Rajeev Chandrasekhar
India has accelerated on AI adoption, but on AI capabilities it’s a bit behind China and the US, it’s still catching up; Chandrasekhar told Moneycontrol in an interview.
BUSINESS
AI has not plateaued, we are on an exponential curve, says Anthropic’s Niki Parmar
Meanwhile, Parmar also weighed in on the ongoing debate about open-source AI, arguing that the term is often misunderstood. Many experts have said that AI will sooner or later be open-source and all efforts to contain it within a “blackbox” will result in a failure.
TECHNOLOGY
Infosys layoffs: Nasscom defends tech industry, says companies follow performance-driven hiring, adhere to local laws
Nasscom said in a statement that the global tech industry, which is largely customer-focused, operates on a merit-based system, emphasising high-tech skills to meet evolving customer demands.
BUSINESS
Hinduja Global Solutions' AI push has given a big boost to customer satisfaction, says Americas CEO
Korla pointed out that this shift is not just about AI capability but also about human reluctance to completely cede control to machines.
BUSINESS
Our sweet spot is investing $2-$5 million, says Wipro Ventures after raising $200 million
However, the venture capital can go higher or lower depending on factors such as the size of the round, company stage, and ownership allocation.
BUSINESS
Infosys Layoffs: Centre intervenes again after NITES’ latest claims, company dismisses allegations
The Union Labour Ministry also directed the Karnataka Labour Commissioner to submit a detailed report on the actions taken in this matter.
BUSINESS
Some Wipro Ventures-backed startups acquired by Alphabet, Microsoft: Managing Partner Adhya
Wipro Ventures has facilitated over 600 deployments for more than 250 customers worldwide, integrating solutions from its portfolio into enterprise environments.
BUSINESS
Infosys rolls out salary hikes for employees, increments range between 5-8% based on base salary
Salary hikes have been rolled out to employees in band JL6 and below, effective from April 1.
