BUSINESS
HCLTech cuts FY25 fresher intake to 7,000 from 10,000, cites lower attrition, higher productivity
The company said that the initial figure of 10,000 was a directional plan outlined at the start of the fiscal and that hiring numbers are reviewed quarterly.
TECHNOLOGY
Dependence on H-1B visa among lowest in industry, 80% of US employees are locals, says HCLTech
Chief People Officer Sundararajan said the number of H1-B visas for the company ranges between 500 and 1,000 at most annually
BUSINESS
What the Infosys counterclaim says about Cognizant in the TriZetto trade secrets case
Infosys alleged that Cognizant’s anticompetitive conduct has led to persistently high and growing healthcare costs that Americans ultimately have to bear.
TECHNOLOGY
Infosys files counterclaim against Cognizant, accuses CEO Ravi Kumar of misusing sensitive information, anticompetitive practices
The lawsuit brings to the fore a bitter rift between two IT majors, at a time when the industry is facing uncertainty wrought by an uncertain US economy and the impact of artificial intelligence.
BUSINESS
TCS promoted over 25,000 employees in Q3, nearly 20% of workforce elevated this fiscal
The Mumbai-headquartered firm also reported a net decline of 5,370 employees during Q3.
BUSINESS
TCS headcount shrinks by 5,370 in Q3, reversing two quarters of growth
With this decline in headcount, TCS now employs 6,07,354 people.
BUSINESS
IT Q3FY25 earnings: From wage hike delays to discretionary spend, five factors to watch
Discretionary spending remains a sore point for IT companies, with clients continuing to prioritise cost-saving projects over large-scale transformation initiatives, say brokerages.
BUSINESS
Infosys provides route map to trainees as leopard remains elusive on Mysuru campus
Over 7,000 trainees who stay in the campus have returned to attending classes, while employees are still working remotely, sources said.
BUSINESS
Infosys defers annual hikes to the fourth quarter
The Bengaluru-based company last implemented salary hikes in November 2023
BUSINESS
Infosys, HCLTech, Wipro, Tech Mahindra bet big on Agentic AI in 2025
Currently, AI is mostly used to improve operational processes, which will shift to improve core industry-specific business processes like customer onboarding, credit decision-making, and risk management.
BUSINESS
GCCs outpace IT in 2024; way ahead in job addition, export revenue
While service providers have been cautious due to economic conditions, they’re adapting their models to support this GCC-driven ecosystem.
TECHNOLOGY
Leopard spotted on Infosys Mysuru campus: Employees to work from home on Dec 31; Trainees given a day off
Infosys has asked employees to work from home on December 31 and instructed security not to allow anyone onto the campus.
BUSINESS
Indian IT companies likely to see margin jump in Q3 as rupee weakens
The impact on margins will be more pronounced in Q4 or the first quarter of FY26 than Q3, even increasing by 100-200 basis points, according to UnearthInsight.
WORLD
From Chennai's SRM University to White House: A look at Sriram Krishnan’s ascent
On December 23, 2024, Krishnan’s extraordinary journey eventually culminated in his being nominated as the Senior White House Policy Advisor on AI by US President-elect Donald Trump.
BUSINESS
No such thing as pure TNM: Happiest Minds CFO on Time & Material pricing model debate
He mentioned another billing model, capacity-based, where clients hire teams and manage them directly.
BUSINESS
AI-driven applications, consumption pricing a threat for SaaS model, says Snowflake CEO
The usage-based approach will bring in value to customers which is in contrast with traditional software licensing, says Sridhar Ramaswamy
BUSINESS
Indian IT CEO pay soars 160% in last 5 years, while fresher salary rises only 4%
The data comes amid softening demand in India, where corporate profits haven't kept pace with wage growth in the last decade
BUSINESS
Great product, quick to innovate: Snowflake CEO Sridhar Ramaswamy praises Aravind Srinivas for Perplexity's success
While both Perplexity and Neeva used AI to build advanced ad-free search engines, which was later acquired by Snowflake in 2023.
BUSINESS
GCCs in India driving decision-making for global firms, no longer just back offices: Snowflake CEO Sridhar Ramaswamy
Ramaswamy, who has worked at Google for over 15 years in various capacities, also added that Snowflake will staff a very large team that will work with GCCs.
BUSINESS
Snowflake and I faced a trial by fire but we're stronger now, says CEO Sridhar Ramaswamy
In an interview to Moneycontrol during his India visit, the CEO of NYSE-listed Snowflake talks about why he is operating with urgency, how AI will disrupt SaaS, why Perplexity worked, how GCCs in India are driving decision-making for global firms and his ties with IIT-Madras
BUSINESS
IT employees hold candlelight protest outside Accenture office in solidarity with Atul Subhash
The 34-year-old Bengaluru-based techie posted a 90-minute video and a 24-page suicide note, alleging harassment by his estranged wife and her family before ending his life
BUSINESS
Tech companies use AdvantageClub.ai to boost retention rate for over 15 lakh employees
The San Francisco-based company, which counts HCLTech and Tech Mahindra as its client, raised $4 million in a funding round led by existing investor Axilor Ventures.
INDIA
SM Krishna: Former CM who transformed Bengaluru from pensioners' paradise to a global IT hub
SM Krishna’s vision, combined with India’s economic liberalisation and competition from cities like Hyderabad, played a pivotal role in turning Bengaluru into a global technology powerhouse.
BUSINESS
Shift to fixed-price deals, Gen AI challenges IT offshore models
The impact can be felt if one were to look at tech services firms’ gross margins, which have tightened by as much as 700 basis points over the last two decades.
