BUSINESS
Infosys terminates 195 more trainees at Mysuru campus; 250 dismissed so far take up upskilling opportunities
This represents the fourth round of exits at the Bengaluru-based software giant, bringing the total number of affected trainees to approximately 800 since February.
BUSINESS
Four out of India’s top five IT firms add staff in FY25, total workforce grows by 12,718
From the management commentary so far, 80,000-84,000 IT jobs are up for grabs in the current financial year. However, the actual figure can vary widely, as pointed out by company executives.
BUSINESS
Top 5 IT companies post single-digit growth for second consecutive fiscal amid macro headwinds
Although tariff announcements by US President Donald Trump have had some impact on clients’ decision-making, IT services exporters said they are still assessing the full impact of these measures.
BUSINESS
More with less: How AI startups are scaling rapidly with lean teams, high revenues
Industry experts believe that with next-gen AI tools, a few people can build software-centric businesses that scale to over $100 million in revenue, on the back of automation and not headcount.
BUSINESS
HCLTech partners with over 200 GCCs in India, plans to ramp up focus
The company has declared India-specific revenue numbers for the first time, as the country has become a big focus area for it
BUSINESS
HCLTech moves away from annual fresher targets; plans to hire 2,000 every quarter
HCLTech reported a 4.7% revenue growth in FY25 even as its headcount declined by 1.8%, driven by gains in AI and automation.
BUSINESS
Cyclical or Structural? IT majors' slowing growth in FY25 raises tough questions
The $280 billion industry faces multiple issues: clients cutting back after overspending on digital transformation during COVID-19, a cautious global macro, the GCC phenomena, the AI boom, and more recently the US President Donald Trump’s tariff war.
BUSINESS
Infosys lets go off 240 more trainees who failed tests, offers free upskilling
Infosys has also extended free training to around 326 trainees who were let go in February after failing the assessment tests
BUSINESS
TCS, Infosys, Wipro add over 13,500 employees in FY25, reversing last fiscal’s decline
All three IT companies have indicated they will hire roughly the same number of freshers in FY25 as they did in the previous fiscal despite the uncertain demand environment, driven by US President Donald Trump’s tariff war.
BUSINESS
Infosys grants ESOPs worth about Rs 50 crore to CEO Salil Parekh in FY25
Additionally, the Bengaluru-based company has granted 5,000 restricted stock units (RSUs) to eligible employees, which would vest equally over a period of four years.
BUSINESS
Infosys Q4 disappoints, guides for 0%-3% revenue growth for FY26
The software major, along with other IT companies, has been facing tepid demand on the back of soft discretionary spending
BUSINESS
Macroeconomic uncertainties dramatically increased from FY25 to FY26: Wipro
Wipro's revenue growth declined for the second consecutive fiscal by 2.3% in CC terms YoY for the financial year 2024-25.
BUSINESS
Infosys Q4 results in focus as TCS, Wipro miss estimates: What to watch out for
India’s second-largest information technology company is expected to see its revenue decline sequentially, reflecting the ongoing softness in discretionary IT spending
BUSINESS
Early signs of recovery haven't sustained due to tariffs, says TCS CEO K Krithivasan
During the post-earnings press conference, TCS CEO K Krithivasan said the early signs of recovery in discretionary spending were not sustained due to the US tariffs.
BUSINESS
TCS to recruit about 42,000 freshers in FY26, similar to previous fiscal
CHRO Milind Lakkad said that artificial intelligence (AI) will have a bearing on hiring as the nascent technology for business is a new opportunity.
BUSINESS
TCS full-year net headcount up in FY25 after declining first time in 19 years in FY24
India’s largest information technology services company, on April 10, said its headcount increased by 6,433 year-on-year during the financial year 2023-24.
BUSINESS
Rising Bharat 2025: I don’t plan Perplexity for more than three months, says CEO Aravind Srinivas
Srinivas also highlighted the challenge of building AI-native products and the balance between generality and user specificity.
BUSINESS
A year on, CEO Srinivas Pallia steers Wipro steady, but turnaround journey isn’t over
Pallia has been a great 'campus to corner office' story and has a deep understanding of the company’s clients, culture, context, and capabilities but a year is too short a period to 'have conviction on long-term trajectory'
BUSINESS
Indian IT's guidance, deal pipeline to shed light on Trump tariff impact: Five factors to watch
The earnings commentary will set pace for IT sector’s growth expectations for FY26, now in the doldrums as experts recalibrate growth estimates amidst Trump's tariff setback.
BUSINESS
Rattled to the core: Indian IT on shaky wicket after Trump tariffs
Trump's tariffs could dash IT sector’s FY26 revival hopes.
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.
