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
TECHNOLOGY
I go to Silicon Valley, walk around to keep up with AI: Former Cognizant CEO D’Souza
In addition to conversations with founders and operators in innovation hubs like Silicon Valley, Seattle, and Austin, he also draws insights from his academic ties, says Francisco D’Souza
BUSINESS
Application-layer AI now accounts for 3X more VC deals than infra in India, says Lightspeed’s Hemant Mohapatra
Mohapatra added that India is poised to lead in application-layer AI precisely because of its established capabilities.
BUSINESS
CBDT may not provide tax relief to foreign-owned data centres
Industry seeks greater alignment across taxation norms, approval processes and power infrastructure at both central and state levels to further streamline development of data centres
BUSINESS
IT companies to gain from rupee depreciation, but West Asia conflict to trigger business uncertainties
Industry experts believe the impact of depreciating rupee will be short-term and not significant enough as IT exporters tend to hedge their business against cross currency headwinds for at least two quarters ahead.
BUSINESS
IndiaAI Mission: Sarvam, others to get 100% compute subsidy from govt for foundational models
This subsidy applies exclusively to foundational model development, while the existing 40 percent subsidy will support other GPU-intensive activities such as inference and applications.
ARTIFICIAL-INTELLIGENCE
Accenture’s new bookings fall 6% on cancellations, delayed deal closures
Despite the drop in bookings, the world's largest IT firm raised the upper end of its annual revenue growth forecast to 6-7%, from 5-7% earlier.
BUSINESS
Accenture's Gen AI bookings increase 7% to $1.5 billion in Q3FY25
Meanwhile, the company said its revenue from Gen AI is now upwards of $1 billion year-to-date. Accenture follows a September-August financial year.
TECHNOLOGY
Why India should consider appointing a Chief AI Minister
The ask comes at a point when India is pursuing its own sovereign AI stack, a foundational push to build indigenous AI models, compute infrastructure, and datasets designed for Indian languages and contexts
BUSINESS
Used to take 25-30 hours on speech drafts, I now take 5 hours: Infosys founder Narayana Murthy on ChatGPT
Murthy believes Indian IT firms can tap into Gen AI to accelerate coding, reduce errors, and improve turnaround times.
BUSINESS
IIT-Kanpur missed out on Rs 2,000 crore worth of Infosys shares because of archaic rules, says NR Narayana Murthy
In the case of Bengaluru’s Indian Institute of Science (IISc), which faced a similar fate, the shares would have multiplied 768 times
BUSINESS
Fear that AI will take away jobs not right, very positive about IT industry: Infosys founder NR Narayana Murthy
Murthy said his own usage of OpenAI’s Generative AI tool ChatGPT has boosted his productivity by five times.
TECHNOLOGY
An MBA at IIMA could cost Rs 1 crore in 20 years, says Infosys founder Narayana Murthy on new merit scholarship
In an interview with Moneycontrol, Murthy said the whole fear that AI will take away jobs is not right and that he’s very positive about the IT industry.
BUSINESS
Krutrim’s agentic AI app 'Kruti' aims to go beyond Ola, may integrate with Uber, Swiggy, others
Currently, Kruti AI is integrated only with the Ola group for services like cab booking and food ordering. However, Krutrim plans to make it a cross-platform personal assistant that cuts across app silos.
BUSINESS
Indian GCC leadership roles up 30% to 6,500; returning NRI professionals taking on key positions
Even long-term expat leadership has dropped sharply over the past five years to less than 10 percent of senior roles, mostly in tightly regulated sectors needing close headquarter oversight
BUSINESS
In the making: 7 more billion-dollar IT companies after 15 in the past 10 years
Firstsource, Cyient, Oracle Financial, KPIT, Birlasoft, Zensar and Tata Technologies are likely to enter the billion-dollar revenue club soon
TECHNOLOGY
Picked for IndiaAI Mission, Gnani.AI to build sovereign multilingual LLM with emotion-aware voice
Traditional LLM architectures follow a speech-to-text-to-speech pipeline, while Gnani is building a 'fused' architecture that cuts latency by combining speech recognition and language understanding as a single step
TECHNOLOGY
GCC is truly successful when it becomes another headquarters: Accenture India GCC lead
The world’s largest IT firm refers to this transition as the rise of "HQ2", with global leadership roles, decision-making power, and ownership of initiatives such as data, AI, and product development.
