BUSINESS
IT firms' time & material revenue halves to 35% over 20 years as clients demand accountability, innovation
The TNM model has been the most popular in the IT industry, as it is linked to billing hours and it is the client who bears the risk if project costs or the scope of work expands but change is afoot
BUSINESS
Over 50% of AI proofs-of-concept in production, driving business value: Wipro Cloud chief
Jo Debecker said SLMs are emerging as key enablers of AI democratisation by making the technology more accessible and secure
BUSINESS
Smaller GCCs outsource non-core work, double down on core products
Many consulting firms are now providing shared platforms to smaller GCCs, helping them reduce costs and concentrate on their core processes
BUSINESS
NTT DATA acquires Niveus Solutions, becomes 2nd Udupi-based firm owned by Japanese companies
Interestingly, the acquisition of Niveus Solutions marks the second time a Japanese giant has acquired a Udupi-based company, strengthening Karnataka's "Beyond Bengaluru" initiative.
BUSINESS
HCLSoftware bets big on India's AI push, sovereign cloud systems
HCLSoftware is developing a Software-as-a-Service (SaaS) transaction platform for Open Network for Digital Commerce (ONDC).
BUSINESS
Infosys issues 90% bonus payouts to employees for Q2FY25
Infosys has outperformed its larger rival as some TCS employees received only 20-40% of their quarterly variable payout, while others received none.
BUSINESS
Global AI Conclave: IT companies that change the inefficient 'Time & Material' model will succeed, says Premji Invest's TK Kurien
Kurien criticised the TNM model for allowing IT companies to pass inefficiencies onto customers while profiting from them.
BUSINESS
Australian companies employ 30,000 Indians in GCCs, says high commissioner Philip Green
The GCC route is a relatively new form of Australian investment in India but has a very strong basis, the high commissioner has said
BUSINESS
Many clients seeking tailored Small Language Models, says Infosys AI head
Infosys' head of AI said the company has developed industry blueprints for 23 different sectors, guiding enterprises on data strategies, responsible AI adoption, and scalable platforms.
BUSINESS
Doubtful about deep tax cut in US but Trump offers stability, says Happiest Minds
With Trump in the White House and his Republicans party in control of US Congress, business situation would be more amenable, the IT firm has said
BUSINESS
Which area has India invented? Infosys co-founder Narayana Murthy defends IT services, says it should be saluted
India’s culture of oral rather than written knowledge has limited the development of large data repositories, which are crucial for LLMs, according to Murthy.
BUSINESS
Indian mindset not oriented towards problem definition and solving: Infosys founder Narayana Murthy on why building an LLM doesn't make sense
Murthy spoke to Moneycontrol on the sidelines of the Infosys Prize, where it announced the winners in economics, computer, humanities and social, life science, mathematics and physics categories
BUSINESS
EPAM says Gen AI projects with dozen clients generating millions in revenue each
EPAM is seeing Gen AI applications in engineering productivity, white-collar staff efficiency, and even supply-chain and inventory management.
BUSINESS
IT firms converting contract workers into full-time employees as outlook turns bright in Q4: TeamLease
TeamLease is looking toward the recent U.S. election outcome as a potential driver of increased IT spending.
BUSINESS
Under Trump 2.0, possible corporate tax cuts could boost IT demand
President-elect Trump’s idea of lowering corporate tax to 15% for specific companies could spur additional capital for investing in technology.
BUSINESS
Trump’s return: IT companies might have to face tougher H-1B visa rules
Whether or not H1-B visa rules will be eased or tightened is a matter of time, but analysts are deeply divided on what Trump’s presidency might mean for Indian IT.
BUSINESS
Trump vs Harris: Where they stand on H1B visas and immigration
Prima facie, it may seem that Donald Trump supports changes while Kamala Harris opposes them, but there’s more to the story than meets the eye.
BUSINESS
Trump versus Harris: What does it mean for Indian IT companies?
There are plenty of shortcomings in the present H1-B visa rules including a lottery-based system and multiple applications for the same candidate, highlight experts.
BUSINESS
H-1B visa overhaul likely if Trump wins, no impact on Indian IT workers: USISPF president Mukesh Aghi
Aghi advocates for a reformed approach that could prioritise keeping STEM graduates in the US as legal immigrants who become taxpayers from 'day one'
BUSINESS
Winning large deals by sharing AI-induced productivity benefits with clients, says Cognizant
Cognizant has also displaced incumbents in certain deals by proving its ability to leverage AI-driven productivity gains.
BUSINESS
Cognizant's headcount increases by 3,800 in Q3
However, when factoring in employees from the Belcan acquisition, the company’s net headcount saw an organic reduction.
BUSINESS
Cognizant sees uptick in discretionary demand in Q3, raises revenue guidance
Cognizant said Q3 performance is built on last quarter's momentum, supported by rising discretionary demand and improved execution
BUSINESS
Margins from GCC recruits triple of IT staffing, says Quess Corp CEO
In July-September, the revenue contribution from GCCs increased by almost 5% to 68% year-on-year.
BUSINESS
Clients expecting Gen AI capabilities to be part of large deals, says Infosys CTO Tarafdar
Tarafdar added that AI and Gen AI are leading to the re-imagining of processes, apart from generating productivity and efficiency benefits.
