ARTIFICIAL-INTELLIGENCE
Layoffs, acquisition pullbacks, slower growth: Accenture hints at grim picture for FY26
Workforce reductions and acquisition exits come as IT demand softens; TCS also cut staff amid industry-wide caution earlier.
BUSINESS
Accenture’s $3 bn AI gamble delivers, Gen AI bookings surge to $6 bn in FY25
The world's largest IT firm delivered at the top of its guidance range, even outpacing its large peers at a time when the industry is facing headwinds.
BUSINESS
Accenture sees 'opportunity' in H-1B visa changes, impact limited to only 5% of US workforce
CEO Julie Sweet said every time there’s a big policy change, unfolded over decades, it has usually driven more business for the company.
BUSINESS
After visa fee hike, Trump's wage-based H-1B plan threatens to push Indian IT further offshore
Experts warn the proposal could disproportionately impact Indian IT firms and accelerate offshoring of tech jobs.
BUSINESS
Deloitte commits Rs 100 crore to AI Infrastructure Centre of Excellence in Mumbai, Bengaluru
The CoE will support clients worldwide in building and operating specialised AI data centres, a critical foundation for scaling generative and agentic AI adoption.
BUSINESS
Only 3-5% of Indian IT workforce is on H-1B; companies don’t expect significant impact of new visa fee
Meanwhile, the H-1B setback weighed on listed shares of Indian large and midcap IT companies on September 22. Most fell between 2-5 percent to take the Nifty IT index down by up to 3 percent in early trade.
BUSINESS
Analysts see limited impact on Indian IT as White House eases concern on H-1B fee hike
This calms the nerves of those expecting a massive hit for Indian IT firms, particularly in terms of margins and other business parameters.
BUSINESS
$100,000 H-1B visa fee alarms Indian IT sector, immigration lawyers expected to mount legal challenge to Trump's Executive Order
Immigration lawyers are advising impacted professionals to “wait and watch”, because the next step is going to be a litigation against Trump’s move
BUSINESS
Have robust local recruiting, hiring infrastructure: Cognizant on H-1B visa fee hike
The Teaneck-headquartered company, with a healthy exposure to H-1B visas in the US, is reviewing the US President Donald Trump’s H-1B visa fee hike and evaluating its potential impact on the company’s operations.
BUSINESS
Fed rate cut, trade talks ease downside risk for Indian IT, but tech budgets still locked
Nevertheless, firms with deep pockets, such as Infosys, TCS, and Wipro, can sweeten the deal by offering flexible payments, outcome-based pricing, or covering upfront costs to push hesitant clients.
BUSINESS
Gen AI revenue lines blur, Happiest Minds pins 25% growth hopes on US market
Experts have long held that Gen AI revenues are difficult to estimate, ever since Accenture disclosed it, since most deals have a component of the nascent technology
BUSINESS
Nasscom ER&D head flags fundamental business model change, as IT sector faces similar churn
KPIT has been able to cut engineering cycle times by as much as 25-30 percent by deploying AI in validation and testing environments.
BUSINESS
AI boosts IT operations by 40%, ER&D gains still at 15%, says Infosys executive
Engineering research and development requires sector-specific solutions for industries such as automotive, aerospace, manufacturing and energy. These are also the areas where adoption cycles are slower and results take longer to materialise
BUSINESS
Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor
Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.
INFORMATION-TECHNOLOGY
India’s $280-bn IT industry safe from potential US tariffs, says Karnataka IT Minister
Kharge said it was premature to react to tariff talk, hinting that the US official behind the statement often shifts positions and it remains uncertain if the proposal to tax Indian IT will be implemented.
BUSINESS
US HIRE Bill clouds Indian IT outlook but faces steep political hurdles
The bill proposes a 25 percent tax on certain payments to foreign firms for services consumed in the US, but experts say it is unlikely to pass in its current form.
BUSINESS
Supreme Court allows Cognizant to use hexagonal logo in India
The Supreme Court also directed the Single Judge’s Bench of the Bombay High Court to expedite the disposal of the injunction application within six months.
BUSINESS
Cognizant drops logo from social media after Bombay High Court reinstates trademark injunction
A Cognizant spokesperson said the company is complying with the order of the Bombay High Court, while also considering its options for redress and pursue available legal remedies to defend its right.
BUSINESS
Indian GCCs retrain staff as AI engineers to combat talent shortage
A clear majority of India's GCCs are actively upskilling their teams for AI, with over 70% of India’s over 1,700 GCCs now tasked with driving their organisation’s global AI mandate.
BUSINESS
Leadership quality is the single biggest predictor of GCC resilience, say experts
Apart from executive sponsorship and clarity of ownership, their talent strategy is adapted to local market realities rather than simply replicated from headquarters.
BUSINESS
Nandan Nilekani is guiding us: Infosys CEO Salil Parekh strikes confident note on AI leadership
Parekh added that the Bengaluru-headquartered IT major has built a lot of content and capabilities around AI and the best place to scale up technology is Infosys and India.
BUSINESS
The skills that won’t be replaced by AI, according to NR Narayana Murthy, Nandan Nilekani and Salil Parekh of Infosys
Murthy, who has seen many waves of technology disruption, said the one trait that stays through this constant evolution is the ability to learn.
BUSINESS
Rohan Murty's Workfabric AI partners with Cognizant to deploy 1,000 'context engineers'
The partnership integrates context engineering with Cognizant’s Agentic Development Lifecycle (ADLC), aiming to scale it as a foundational capability.
TECHNOLOGY
Indian GCCs power Agentic AI, core infrastructure for global operations: Walmart CTO
Walmart employs millions worldwide, and while acknowledging that roles will evolve, Suresh Kumar, Chief Technology Offier and Chief Development Officer, highlighted that the company expects headcount to remain stable.
