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.
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
