BUSINESS
From IT legacy to AI future: Inside Covasant’s Agentic AI ambitions
One of the risk and compliance agents built by Covasant is being used by over 20 Fortune 500 firms, processing $1.4 trillion in transactions and recovering about $500 million in anomalies
BUSINESS
US tariffs: No direct hit but Indian IT sector braces for second-order stress
Clients in sectors directly affected by the tariffs may face cost pressure, which could trickle down into IT budgets, particularly for discretionary or transformation-led projects.
BUSINESS
Tamil Nadu industries minister TRB Rajaa hard sells state to GCCs
Addressing concerns about Chennai’s nightlife, Raja said the city is 'no-nonsense' by nature, adding, 'I prefer to keep my leisure healthy'
TECHNOLOGY
What does Infosys co-founder Nandan Nilekani’s land tokenisation pitch mean for India?
Nilekani's pitch is based on a simple premise: nearly half of all household wealth in India is held in land, but much of it remains economically inactive. Tokenisation, he says, could be the next big 'unlock' worth over $3 trillion
BUSINESS
Indian banks spark AI gold rush as tech firms race to tailor language models, build agents
As major banks such as Punjab National Bank and Union Bank of India float tenders for BFSI-specific Gen AI tools, tech majors like HCLTech and TCS to consulting firms like EY alongside startups like Perfios, Sarvam are racing to offer domain-tuned models, Agentic AI, and secure copilots.
BUSINESS
Meet the startup using Perplexity’s AI to police online pharmacy misinformation
Since integrating Perplexity’s Sonar API, Clinikally said it has reduced clinical review time by 75%.
BUSINESS
MC Interview: Had to take 'difficult call' to build stronger TCS, says CEO K Krithivasan after cutting 12,000 jobs
'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
BUSINESS
TCS to cut 2% of workforce, affecting 12,000 employees amid skill gap and tech shift
In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.
TECHNOLOGY
Clorox sues Cognizant for $380 mn over 2023 cyberattack; IT firm denies blame, calls claims 'shocking'
In a strongly worded response, Cognizant denied any wrongdoing and pushed back against the lawsuit’s premise.
BUSINESS
How TCS, Infosys, HCLTech, Wipro and Tech Mahindra fared in Q1FY26
Infosys may have led the Tier-1 pack in Q1, but the bar was low, as macroeconomic conditions were challenging and client spending had not picked up significantly.
ARTIFICIAL-INTELLIGENCE
'AI is infra now': Coforge builds full-stack capability for real-world deployments
On July 24, the Coforge stock tanked more than 9 percent as investors reacted to a combination of operating margin contraction, negative free cash flow and a rise in capital expenditure
TECHNOLOGY
AI, software exporters gain as UK-India FTA introduces first-ever source code protection
While the term 'AI' does not feature in the UK government’s public summary, the digital trade chapter uploaded by India’s Commerce Ministry defines artificial intelligence, including machine learning, as an 'emerging technology'.
BUSINESS
Only TCS, Infosys among India's top IT firms added headcount in Q1 amid AI, growth overhang
The IT industry is at an inflection point as the companies navigate their hiring strategy amid AI disruption and the ongoing macroeconomic challenges.
INFORMATION-TECHNOLOGY
Infosys deploying over 300 Agentic AI solutions, which deliver 5-15% productivity gains for clients: CEO Salil Parekh
The IT services exporter closed $2.1 billion in large deals in the June quarter, which is a four-quarter high, and Parekh explained that many of these had AI components.
INFORMATION-TECHNOLOGY
Global environment ‘more stable’ but not yet fully settled, says Infosys CEO Salil Parekh
Infosys has deployed over 300 AI agents across business operations and internal IP, reporting productivity gains in the range of 5-15 percent across client programs.
BUSINESS
Fidelity Investments cuts 500 jobs in India amid global role shift
The investment firm currently employs around 7,000 people in its India GCC, and said it remains committed to maintaining that number.
BUSINESS
Infosys Q1 preview: 5 key factors to watch for
With peers TCS and HCLTech struggling with weak demand, the Street will be keenly watching Infosys’ commentary on deal ramp-ups, AI-led transformation and the pace of recovery in key markets
BUSINESS
Infosys forms Enterprise AI, emerging tech Expert Advisory Council with global academic stalwarts
Infosys has already concluded early discussions with each expert and will spend the coming weeks devising models and joint technology plans.
BUSINESS
Quantum AI could enter mainstream conversations within 2 years, says TCS innovation chief
While TCS’s work in quantum is still in the incubation stage, Peddigari noted that quantum AI could eventually lead to new levels of intelligence, automation, and innovation.
INFORMATION-TECHNOLOGY
Infosys replaces National Insurance with GoDigit to insure 3.2 lakh employees
Winning a mandate by one of the largest IT players in the country is a major deal for the company in the competitive enterprise insurance segment.
BUSINESS
No strong co-relation yet that AI impacts hiring: Wipro CEO Pallia
Moreover, Wipro Chief Human Resource Officer Saurabh Govil reiterated the IT industry’s pain point that the market faces a scarcity of deep AI talent.
ARTIFICIAL-INTELLIGENCE
How AI startup Hypergro is disrupting advertising industry using Gen AI videos
Hypergro’s system isn’t based on a single model, instead, they maintain an internal ecosystem of over 50 LLMs, each specialised in a particular skill like human faces, apparel texture, environment, or even cinematic motion.
BUSINESS
Why BFSI GCCs employ a third of talent despite forming just 10% of centres
Currently, many global banks have 60-70 percent of their technology and operations teams based in India. In some cases, up to a third of their global headcount is concentrated here.
BUSINESS
India’s IT majors bet on startups to stay ahead in the Gen AI era
From Infosys to Wipro, TCS, HCLTech, and Tech Mahindra, annual reports show a decisive pivot: a push to move away from purely linear, headcount-led services revenue toward intellectual property and high-margin platforms.
