BUSINESS
HCLTech working on over 200 Gen AI PoCs, many enter production
HCLTech has trained and certified approximately 42,000 employees with Gen AI skills and aims to cross the 100,000 mark by year end.
BUSINESS
TCS on-boards 11,000 trainees in Q1FY25, resolves all delayed hiring backlogs
TCS is in the process of completing selection from its National Qualifier Test (NQT) and will hire more candidates.
BUSINESS
TCS doubles its AI and Gen AI pipeline again in Q1 to $1.5 billion
CEO Krithivasan said TCS is executing about 270 AI projects and many AI use-cases are steadily going into production.
BUSINESS
TCS headcount up 5,452 in Q1, reverses decline of 3 quarters
Attrition for the quarter fell to 12.1%, continuing its downward trend from the previous quarter’s 12.5%.
BUSINESS
IT Q1 FY25 earnings: Five factors to watch out for
Analysts unanimously believe that Q1 would be sequentially better than the last quarter, driven by seasonal improvements and ramp-up of large cost takeout deals.
BUSINESS
TCS vs Wipro: Who'll win the AI platform war?
Choosing between the two platforms depends on whether a business prioritises streamlined GenAI integration or future-focused solutions, says industry experts
BUSINESS
Techies with machine learning, Python skills in demand for Gen AI jobs in IT companies
Companies such as IBM, Coforge, L&T Technology Services, and Happiest Minds are seeking professionals skilled in machine learning, data science, and cloud engineering
BUSINESS
Indian IT cos struggle with Gen AI rollout delays amid rising compute, cloud cost
Analysts also pointed out that a critical barrier in GenAI adoption is the lack of a robust data foundation in most organisations.
BUSINESS
Infosys working on 225 Gen AI programmes for clients, says Chairman Nandan Nilekani
In response to a shareholder query on the company's acquisition strategy, CEO Parekh said Infosys is exploring sectors such as SaaS and cloud.
BUSINESS
Ex-US ambassador-backed firm Terra plans big investment in Indian AI startups with $2.5-billion fund
The Terra Invest fund aims to pump in money in startups working on AI-based solutions for financial services, healthcare distribution and clean energy
BUSINESS
IT companies' digital spending to increase by 13% to over $26 billion in 2024
The anticipated jump in digital spending will be a shot in the arm for the IT sector, which is facing sluggish demand due to macroeconomic challenges.
BUSINESS
Wipro to continue with strategic acquisitions, invest in talent to fuel growth, says CEO Pallia
Pallia disclosed that the company holds 470 AI patents, and its Lab45 AI platform is ready to use.
BUSINESS
Wipro trained over 30,000 employees in advanced Gen AI skills: Rishad Premji
Wipro has trained over 225,000 employees in Gen AI fundamentals and has actively deployed the nascent tech across internal processes.
BUSINESS
Mixed bag for Indian IT: What Accenture's earnings imply for TCS, Infosys, others
Mid-tier IT companies might bear the brunt from the onslaught of their larger peers as the race to grab large deals, according to analysts
BUSINESS
Infosys expects telecom, automotive, and banking sectors to drive demand for its Gen AI suite Aster
The total addressable market for the offering is around $150-160 billion across various industry segments.
BUSINESS
Wipro investing significantly in AI, Gen AI startups, says CTO Tatavarti
Wipro's strategy also involves in making AI technologies more accessible by reducing costs associated with high-performance computing
BUSINESS
AI today is absolutely at the forefront of marketing, says Infosys CMO Sumit Virmani
Sumit Virmani believes that Gen AI is going to be a true game-changer and “marketeers” who embrace it in a responsible way.
BUSINESS
Cognizant's bold $1.3-bn-Belcan bet a bid to up revenue as core business struggles
The acquisition is a crucial attempt to diversify Cognizant's portfolio, but it also highlights the difficulties the company faces in its traditional business
BUSINESS
TCS, Infosys, HCLTech, Tech Mahindra partner with Yellow.AI for automation solutions
In regions where global system integrators (SIs) have limited presence, Yellow.AI collaborates with regional SIs to offer local market requirements.
BUSINESS
Only 10% of 300-400 Gen AI implementations have scaled, delivered value, says TCS
Nonetheless, that number is expected to eventually increase as ways are found to solve more problems
BUSINESS
Partner with startups to drive disruption, experts urge GCCs
Experts said the need for collaborating with the startups is going to be imperative as they can infuse fantastic innovation into the organisations
BUSINESS
At Rs 66 crore, Infosys' Salil Parekh is second-highest paid CEO in industry
Parekh’s salary was next only to Wipro’s former CEO Thierry Delaporte who earned $20 million (about Rs 166 crore), which included a severance-related package of Rs 92.1 crore.
BUSINESS
EPAM working with over 50 large GCCs in India on manpower, product development
EPAM said the difference between its collaboration with GCCs as compared to other IT companies’ partnership, is the better skilled workforce that supports these captives.
BUSINESS
Silent layoffs grip Indian IT sector, impact over 20,000 employees
According to data shared by All India IT & ITeS Employees' Union, around 20,000 techies lost their jobs in ‘silent’ layoffs in calendar year 2023
