BUSINESS
TCS margins decline amid higher third-party costs as BSNL project peaks
TCS’ cost of equipment and software licences went up 600 percent to Rs 3,230 crore in the September quarter from Rs 462 crore in the year-ago period
BUSINESS
TCS has over 600 AI and Gen AI projects in production or development; helping clients set up AI offices
The IT behemoth said it is helping its mature customers set up AI offices to rapidly turn ideas into AI Proof of Concept (PoC), and then to into production.
BUSINESS
TCS adds 5,726 employees in Q2, headcount grows for two straight quarters with attrition rising marginally to 12.3%
With the latest increase, the Tata Group company now employs 612,724 people.
BUSINESS
Why ex-Cognizant employees went to court: “Indian managers would turn their back”, “Spoke Hindi socially”, and more
A former Cognizant employee has accused the company of submitting visa applications for jobs that did not exist.
BUSINESS
US court finds Cognizant guilty of discrimination against non-Indians, company to appeal
The California court, which passed the order on a decade-old class-action suit, also said Cognizant’s conduct meets the standard for punitive damages
BUSINESS
Tech firms, startups back on talent hunt after mass layoffs, hiring freeze for months
After more than a year of muted job market, IT companies and startups in India have started hiring again especially for tech jobs, driving up salary expectations
BUSINESS
IT Q2 FY25 earnings: 5 factors to watch out for
Q2FY25 earnings for the IT sector seem to be heading to a gradual recovery amid caution, according to brokerage houses
BUSINESS
Infosys, HCLTech, & LTIMindtree shift wage hikes to Q3 to sustain margins amidst weak demand
A stagnant job market is an another factor why companies are not worried that an absence of hikes would trigger resignations.
BUSINESS
Will be profitable by 2025, a higher priority than IPO: Tekion CEO Jay Vijayan
While Tekion’s operations have been successful in the US and Europe, the company is yet to enter the Indian market. The high cost of cloud infrastructure in India has slowed down plans for the company.
BUSINESS
Chennai tops GCC headcount growth in FY24; Hyderabad, Bengaluru follow
Another trend worth noting is that Maharashtra has emerged as the only state in India with two cities—Mumbai and Pune—each boasting a GCC headcount exceeding 2 lakh.
BUSINESS
IT vs. GCC debate: IT firms excel in services, not domain expertise, EPAM says
Though GCCs are growing in significance, they still rely heavily on external IT services for their scaling and project needs, says EPAM Systems, a US-based IT company.
BUSINESS
Wipro’s leased office space rises to 1.5 mn sqft, mostly in Mumbai, Gurugram
Wadehra said Wipro had toyed with the idea of strengthening presence in Tier II cities, however, it failed to take off as most employees there didn’t want to work from their hometowns.
BUSINESS
TCS India employees get tax demand notices; company asks them to wait before paying up
The company expects the department to revisit the notices and issue to be resolved soon. According to experts, there's a possibility that tax authorities committed a mistake while processing the filed returns
BUSINESS
Parents should walk the talk, can’t watch movies and ask children to study, says Infosys founder Narayana Murthy
His wife, Sudha Murty, and he dedicated more than three and a half hours each evening to reading with their children during their school years, the Infy founder said
BUSINESS
Double-digit growth to return in ER&D sector in about two years, says Nasscom’s ER&D chair Kishor Patil
Earlier, analysts expected the sector to recover by the first quarter of FY26, as and when the macroeconomic situation were to improve.
BUSINESS
Around 700 freshers await joining dates from Infosys, after 2,000 receive confirmations
The 2.5-year-wait is on for about 500 System Engineer candidates from the 2022 batch and around 200 Digital Specialist Engineer candidates from the 2023 batch.
BUSINESS
Does Cognizant have the upper hand in legal battle against Infosys?
The complaint by Cognizant states that a similar case was filed earlier against a company named Syntel Sterling Best Shores Mauritius, which went in its favour.
BUSINESS
Recovery in BFSI fueled by AI transformation deals, says Infosys' Dennis Gada
A top Infosys official highlighted that several clients are yet to streamline their data, which is critical to creating a strong foundation to derive benefits from AI.
BUSINESS
IBM, Fujitsu, Oracle build next-generation infrastructure to accelerate Gen AI, cloud adoption
IBM's hybrid cloud strategy and Fujitsu’s integrated AI chips will address the challenges faced while implementing newer AI and cloud computing technologies.
BUSINESS
After CEOs, it’s time for CFO changes at top IT firms
According to industry experts, while some companies saw a seasonal transition of CFOs due to retirement, for many others, the appointments highlighted the changing nature of the CFO role.
BUSINESS
Infosys delays onboarding of nearly 2,000 freshers from 2022 batch
Moneycontrol learns that these software engineers were asked to take two pre-training sessions, with the last one being as recent as August 19.
BUSINESS
Can this AI-powered necklace become your second brain?
NeoSapien's “second brain”, Neo S1, operates as a personal assistant, capturing, processing, and organising vast amounts of voice-based conversation and storing it as information in real time.
BUSINESS
Nandan Nilekani bats for data-driven small language models; bullish on Sarvam AI
Nilekani said that model building will ultimately get commoditised, and it's important to build it in a way that the engineering and capability can be used to deliver high-performance applications.
BUSINESS
Sarvam AI partners with Yotta, unveils first commercial generative AI offerings
Sarvam has also teamed up with Meta to offer a WhatsApp stack designed for enterprises, featuring use cases such as conversation history, business instructions, targeted marketing, and consumer feedback.
