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.
BUSINESS
IT Q1 earnings preview: From Gen AI to hiring trends — Five key factors to watch
The first quarter saw a continued sectoral slowdown due to concerns over Trump’s reciprocal tariffs, global trade tensions, and ongoing wars, but deal wins were better than expected, analysts said.
BUSINESS
Capgemini’s WNS acquisition a precursor to more AI-fuelled consolidation: Experts
IT and BPM convergence may become the new world order as competition in the AI era intensifies, industry analysts have said after Capgemini agreed to buy IT outsourcing firm WNS Holdings.
TECHNOLOGY
India's foundational model training underway since June 1 by Sarvam
About 1,500 high-end GPUs were allocated to Sarvam AI in May, with an additional 2,500 GPUs set to be added to the cluster by mid-July.
ARTIFICIAL-INTELLIGENCE
India’s top IT firms lean towards IP-led growth as Gen AI shrinks the pyramid
What used to be a heavy-bottomed pyramid is gradually morphing into a leaner hourglass, with automation consuming routine work at the base.
BUSINESS
Stranded by bike taxi ban in Bengaluru: A first-person account
Here’s a first-person account by a Moneycontrol correspondent who regularly used bike taxis before the ban came into effect on June 16
TECHNOLOGY
AI to outperform 13 years of our cloud revenue this year, says NxtGen CEO Rajgopal
According to the company, AI revenue already constitutes a significant share of new business, and the growth trajectory is expected to accelerate in the coming quarters.
BUSINESS
Future of services is hybrid: Former Cognizant CEO Francisco D’Souza says IT firms well-placed to modernise legacy systems
While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said
