BUSINESS
TCS CEO says won't appoint a COO after NG Subramaniam retires in May
TCS CEO has said the company does not intend to appoint a COO and will redistribute NG Subramaniam's duties once he retires.
BUSINESS
TCS full-year net headcount declines first time in 19 years; ends FY24 with 601,546 employees
Its headcount has declined by 13,249 employees YoY during the financial year 2023-24
BUSINESS
TCS hires over 10,000 freshers from top engineering colleges
Sources said the IT bellwether has beefed up hiring as it remains hopeful of a demand revival in the new financial year.
BUSINESS
GCCs eyeing 5-15% equity in start-ups for product acceleration
Start-ups often receive mentorship, funding, and access to infrastructure from GCCs, facilitating the development and validation of their products and solutions. Some of the GCCs which actively engage with start-ups are Bosch, Honeywell, Adobe, NetApp, Cisco and Intel, among others.
BUSINESS
Qualities as hiker will guide me as a leader: Wipro CEO Srini Pallia's first email to employees
Pallia said be will be meeting associates and clients in the weeks ahead and underscored the importance of work life balance
BUSINESS
Wipro ex-CEO Delaporte to employees: My main goal is complete with transformation in place
Delaporte said that he’s handing over the reins to his successor, 'who will drive excellence on the back of this transformation, and move towards execution all the investments the company has made.'
TECHNOLOGY
IT companies' Q4FY24 earnings preview: Five things to watch out for
On April 12, country's largest IT services company TCS will get the ball rolling for Q4FY24 IT earnings season
BUSINESS
Five reasons why Thierry Delaporte may have quit as Wipro CEO
While CEO exits are usually a negative surprise for various stakeholders, the writing has been on the wall for Wipro.
TECHNOLOGY
Srinivas Pallia’s ascent to Wipro CEO will ensure smooth transition, say industry experts
Wipro New CEO: After multiple quarters of underperformance, the IT major cannot afford any more top level exits and delays in transition by hiring another external CEO, analysts opined
BUSINESS
Cognizant defers salary hikes by a quarter to August
With the latest move, a majority of Cognizant employees would have received four hikes in three years with the cycles being: October 2021, October 2022, April 2023, and August 2024
BUSINESS
Just 6 metros hold the lion’s share in GCC location, talent in India
About 55-92 percent of the total GCC units in India are housed in Bengaluru, Hyderabad, Chennai, Pune, Mumbai, and NCR region, according to various reports.
BUSINESS
Only 8% of GCCs present in Tier II cities in India as Tier I maintains dominance
In 2022 and 2023, companies set up 112 GCCs in total, out of which only 5 were in Tier II cities
BUSINESS
TCS walks the talk, begins fresher hiring for FY25
TCS has called applications from BTech, BE, MCA, MSc and MS batches of 2024. The last day to apply is April 10 and tests will be held on April 26
TECHNOLOGY
Signed contracts with over 50 GCCs, says TeamLease Digital's new CEO Neeti Sharma
Sharma is confident that the hiring momentum by GCCs will continue at a time when jobs in the IT space have dried up.
BUSINESS
Accenture’s tepid outlook implies more pain for Indian IT even in FY25
Kotak Institutional Equities said further cuts in short-cycle discretionary projects is a negative for companies such as Wipro, LTIMindtree, Mphasis, and Infosys
BUSINESS
How the government's GPU for startups programme could be structured
Pramod Verma, former chief architect of India's digital identity programme Aadhaar, said the government faces challenges in traditional procurement because of time-consuming bureaucratic and logistical issues.
TECHNOLOGY
Mustafa Suleyman becomes Microsoft AI’s CEO: 7 things to know about the British AI pioneer
Suleyman was the co-founder of the AI startup DeepMind which was acquired by Google, and most recently he co-founded Inflection AI.
TECHNOLOGY
India's youngest millionaire? Narayana Murthy gifts four-month-old grandson shares worth Rs 240 crore in Infosys
Post this acquisition, Narayana Murthy's share in Infosys reduced to 0.36 percent from 0.40 percent, or over 1.51 crore shares. The mode of transaction was "off-market."
TECHNOLOGY
Is Devin coming for an engineer's job? New AI software engineer can write, debug and deploy code
Experts unanimously agree that while Devin's capabilities may represent a significant leap forward in automation, it's not entirely unprecedented.
BUSINESS
Tech wants govt to prioritise access to data under IndiaAI Mission
Experts say that new chipsets and techniques are evolving fast, and if processes for data collection are not sped up, India would be left behind.
TECHNOLOGY
Tech industry struggles to find a middle ground on LLMs, ESG goals
In an effort to lower the energy cost and carbon footprint of building generative AI models, companies are actively working to find solutions and develop alternative green technologies to adhere to their Environmental, Social and Governance goals.
BUSINESS
IIT-Madras’ lab AI4Bharat launches IndicVoices dataset covering 22 languages
Using IndicVoices, AI4Bharat aims to build IndicASR, the first Automatic Speech Recognition (ASR) model to support all the 22 languages listed in the 8th schedule of the Constitution of India.
BUSINESS
GCC spree pushes up demand for data centres, enters list of top sectors
GCCs operating in the technology and telecom vertical constitute about 27 percent of the data centre demand, followed by banking, financial services, and insurance (BFSI) at 20 percent.
BUSINESS
Is Anthropic’s Claude 3 better than ChatGPT and Gemini? All you need to know
The Google and Amazon backed startup claims its models can beat OpenAI’s GPT-4 and Google’s Gemini, the best in the business till now, on a number of parameters including undergraduate-level knowledge and graduate-level reasoning.
