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.
BUSINESS
Disconnect between IT firms' BFSI growth in North America and bullish commentary
This disconnect was amplified by management commentary indicating that while demand for certain projects is rising, large-scale transformation deals are yet to materialise in the sector.
BUSINESS
IT firms that execute well don't blame weak macros for poor growth, says Coforge
Singh believes that while every company across the industry has a strategy, the ability to deliver projects on time is what sets Coforge apart.
BUSINESS
Infosys, Wipro setting up GCCs for clients, helping them recruit talent
It’s not just India-based IT companies that are lapping up the opportunity, more than 50% of the US-headquartered EPAM’s customer base in India are GCCs.
BUSINESS
Top 4 IT firms add 8,400 employees in Q2FY25, ending four quarters of decline
Tata Consultancy Services, Infosys, Wipro, HCLTech, Tech Mahindra expected to offer 81,000–88,000 fresher roles in FY25
BUSINESS
Infosys to be impacted by salary hikes, furloughs, fewer working days in H2FY25
When asked about tailwinds that might aid margins, he said Project Maximus, pricing, and role ratios optimisation will help in the last two quarters.
BUSINESS
Mixed bag for TCS, Infosys, HCLTech, Wipro in Q2: BFSI sees uptick, large deals contract
According to analysts, the US Federal Reserve’s interest rate cut impact may start baking into discretionary spending plans of customers only by Q4. The customers may also await the US election season to reevaluate plans and be more certain.
BUSINESS
Infosys Q2 Earnings: Five factors to watch out for
Brokerages expect Infosys to post one of the strongest revenue growth among top IT companies aided by a strong deal pipeline, stable demand and cost management initiatives
BUSINESS
HCLTech stays cautious over macro uncertainties despite outgrowing H1 estimates
What stands out for the Noida-headquartered IT services major is a pick-up in discretionary spending by clients at a time when its rivals fail to bag such deals
BUSINESS
HCLTech to roll out 7% salary hike in October, top performers to receive up to 15%
The company said it expects the wage hikes to have a minimal impact on its operating margins in the December quarter.
BUSINESS
Wipro Q2 preview: Demand environment, guidance among 5 themes to watch out for
Brokerages expect Wipro to perform better than its guided range of -1 percent to +1 percent, when the company reports its September quarter earnings on October 17
