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.
BUSINESS
Cognizant trains 4 lakh people in AI as part of its broader 1 million target, says CEO Ravi Kumar
Kumar and Microsoft’s India & South Asia president Puneet Chandok highlight the companies’ collaboration and various initiatives in AI training and adoption.
BUSINESS
Mid-level hiring outpaces fresher intake in IT, GCCs as firms seek experienced hands
This assumes significance at a time when fresher hiring is still not out of the woods, and attrition is on the rise for all major IT companies.
BUSINESS
Inside Microsoft’s Majorana 1 and the birth of a new state of matter in quantum computing
Developing the Majorana 1 took over 20 years of research, combining materials science, quantum physics, and semiconductor engineering.
BUSINESS
Indian-origin researchers abroad pitch for India’s AI foundational model, says MeitY’s Abhishek Singh
Singh added that 67 applications have been received so far, and a committee has been formed to evaluate the same.
BUSINESS
IndiaAI Mission: All firms match L1 prices, GPU access portal to launch in 7-8 days
This comes after all L2 and L3 bidders empanelled for supplying the GPUs matched L1 prices, a senior govenrment official told Moneycontrol. February 14 was the last date for matching the prices.
BUSINESS
Bengaluru airport to get new rail link from city: Union railway minister Ashwini Vaishnaw
New Indian Railway line to airport terminal will connect Kempegowda International Airport with three rail lines apart from Metro and Suburban Rail.
BUSINESS
Accenture CEO Julie Sweet diagnosed with early-stage breast cancer, treatment likely to last 12-16 weeks
Nonetheless, the CEO of the world’s largest IT company will lead its day-to-day operations throughout the process.
TECHNOLOGY
Karnataka labour officials visit Infosys Bengaluru, Mysuru campuses amid layoffs; company emphasizes employee-friendly policies
Moneycontrol reported last week that Infosys was laying off over 300 trainees at its Mysuru campus after they failed evaluation tests in three consecutive attempts.
TECHNOLOGY
Infosys to issue increment letters by February-end; salary hikes to range from 5% to 8%
Moneycontrol learns that the software major has also started issuing promotion letters in batches, starting December. The salary hikes will be effective from April 2025.
BUSINESS
Cognizant’s acquisition playbook: What it means for Indian IT firms
Traditionally, ER&D services are largely provided by domain specialists. However, with spending gathering pace in the space over the last two years, IT firms are increasingly tapping into this new growth area.
BUSINESS
Dreams shattered, careers in limbo after two and a half years' wait: Inside Infosys trainee layoffs
Fear and uncertainty looms. On February 14, about 450 trainees will sit their third attempt. It remains to be seen how many of them will keep their jobs
BUSINESS
Infosys terminates around 400 trainees in Mysuru, employees cry foul
Sources say the company has deployed bouncers and security personnel to ensure that the trainees do not carry mobile phones
BUSINESS
Cognizant tops Q4 estimates, sees 3.5-6% growth for 2025 on better discretionary spending outlook
For the full year, revenue grew 1.9% YoY in CC terms to $19.7 billion, including approximately 200 basis points of growth from subsidiaries Thirdera and Belcan.
BUSINESS
India’s GCC framework in Budget 2025: Industry lauds but urges deeper collaboration
The announcements are being seen in light of Tier II, III cities struggling to gain market share despite efforts by individual states.
BUSINESS
Quess Corp enters GCC space with new centre for US healthcare wearables firm
The Bengaluru-based staffing firm is in discussions with multiple companies for setting up more GCCs.
BUSINESS
Harnessing power from thin air: Infosys Prize 2024 winner Shyam Gollakota’s vision for battery-free computing
Professor Gollakota's team has created battery-free devices that mimic dandelion seed sensors, that can float in the wind for distances up to 100 meters.
BUSINESS
DeepSeek's LLM success triggers big debate: Is India's hesitation a strategic mistake?
The success of DeepSeek’s latest R1 LLM has sparked a debate of whether India is late in setting out to build its own foundational AI models, what the nation needs to do next, to remains self-reliant in computing systems.
BUSINESS
Not waiting for discretionary spend to return, overall tech spend has surged: Coforge CEO Sudhir Singh
While larger IT peers have had a mixed run in Europe, Coforge has identified pockets of opportunity, particularly in the government vertical
BUSINESS
Budget 2025: IT industry asks SEZ tax holidays, related benefits to be continued for maintaining global competitiveness
Experts say export incentives and skill development programs are key to solidifying the country’s position as a premier destination for ER&D services, too.
BUSINESS
Davos 2025: India is a super strategic market, says SAP’s Saueressig
India is SAP's largest research and development hub outside its headquarters in Germany, executive board member Thomas Saueressig has said
