INFORMATION-TECHNOLOGY
Quess Corp sees IT and GCC hiring as key to double-digit growth target for FY26
The company signed 45 new clients in Q4 alone and currently holds 1,300 open mandates, most of them from non-tech and enterprise clients with emerging tech hiring needs.
INFORMATION-TECHNOLOGY
Accenture gives 3-13% hike to Associate Manager and above level, a first in 2.5 years
The company will also promote nearly 50,000 employees globally, including approximately 15,000 in India.
INFORMATION-TECHNOLOGY
Infosys advises Bengaluru employees to work from home amid heavy rain alert
Earlier, US-based IT services firm Cognizant Technology Solutions mandated WFH on May 20 due to the heavy downpour battering Bengaluru for the past two days.
TECHNOLOGY
Cognizant mandates WFH in Bengaluru after rains batter city; other IT firms yet to declare
At Manyata Tech Park, scores of employees arrived only to find entry points submerged in knee-deep water, forcing several to turn back.
INFORMATION-TECHNOLOGY
From Tamil Nadu to Bengaluru: L&T Tech Services brings student-led AI innovations to city’s traffic battle
The mid-tier information technology firm has already picked up such student innovations and translated them into real-world use cases.
BUSINESS
Infosys issues 65% bonus payout to employees for Q4FY25 amid complex macro environment
While the Bengaluru-based company had rolled out an 80 percent bonus for the last quarter (Q3FY25), the average stood at 90 percent in the second quarter of FY25.
ARTIFICIAL-INTELLIGENCE
MNC retailer Tesco’s Bengaluru GCC drives 35% AI-led efficiency with 80% engineers
Over the past four to five years, the India GCC has contributed nearly £750 million in business value to the UK's Tesco Group
BUSINESS
Gen AI now writes over 20% of our code: Happiest Minds CEO Anantharaju
Most of the adoption is happening in software development but not yet in areas such as infrastructure or cybersecurity, Joseph Anantharaju has said
BUSINESS
Indian IT firms declare WFH, postpone domestic, foreign travel amid India-Pakistan conflict
Several companies including Deloitte, KPMG, EY, HCLTech, and Tech Mahindra had sent advisory notes to ensure employee wellbeing.
BUSINESS
Winners and losers: Coforge CEO says AI transition is separating the pack in Indian IT
The IT industry is increasingly split between those moving to the new tech landscape and the companies that are still holding on to legacy models, says Sudhir Singh
BUSINESS
Wells Fargo to shut Chennai GCC, asks employees to move to Bengaluru or Hyderabad
The move allows the company to provide more robust career growth opportunities and better service for its customers and clients, Wells Fargo has said
BUSINESS
Good news for techies as India-UK Free Trade Agreement eases IT worker mobility
The FTA also included the Double Contribution Convention, which exempts Indian workers on temporary visas in the UK from paying social security contributions for a period of three years. This is expected to save nearly 20% of the salaries of these workers -- directly impacting over 60,000 IT employees.
BUSINESS
Infra, talent, tax breaks: What Karnataka, Telangana, Tamil Nadu want from Centre’s Tier-II GCC policy
State governments have begun submitting suggestions to the Centre to shape the framework that is expected to be rolled out soon.
BUSINESS
Cognizant to hire 20,000 freshers in 2025, to shape pyramid for AI-led delivery
The fresher recruitment announcement comes at a time when Cognizant’s Indian peers have stopped short of sharing the exact hiring targets for FY26, citing uncertainty in demand environment.
BUSINESS
Cognizant tops Q1 revenue estimates on large deals in health, financial services
Revenue came in at $5.1 billion, up 7.5 percent or 8.2 percent in constant currency, form the year-ago period. Subsidiaries Belcan and Thirdera contributed approximately 400 basis points to revenue growth
BUSINESS
Infosys terminates 195 more trainees at Mysuru campus; 250 dismissed so far take up upskilling opportunities
This represents the fourth round of exits at the Bengaluru-based software giant, bringing the total number of affected trainees to approximately 800 since February.
BUSINESS
Four out of India’s top five IT firms add staff in FY25, total workforce grows by 12,718
From the management commentary so far, 80,000-84,000 IT jobs are up for grabs in the current financial year. However, the actual figure can vary widely, as pointed out by company executives.
BUSINESS
Top 5 IT companies post single-digit growth for second consecutive fiscal amid macro headwinds
Although tariff announcements by US President Donald Trump have had some impact on clients’ decision-making, IT services exporters said they are still assessing the full impact of these measures.
BUSINESS
More with less: How AI startups are scaling rapidly with lean teams, high revenues
Industry experts believe that with next-gen AI tools, a few people can build software-centric businesses that scale to over $100 million in revenue, on the back of automation and not headcount.
BUSINESS
HCLTech partners with over 200 GCCs in India, plans to ramp up focus
The company has declared India-specific revenue numbers for the first time, as the country has become a big focus area for it
BUSINESS
HCLTech moves away from annual fresher targets; plans to hire 2,000 every quarter
HCLTech reported a 4.7% revenue growth in FY25 even as its headcount declined by 1.8%, driven by gains in AI and automation.
BUSINESS
Cyclical or Structural? IT majors' slowing growth in FY25 raises tough questions
The $280 billion industry faces multiple issues: clients cutting back after overspending on digital transformation during COVID-19, a cautious global macro, the GCC phenomena, the AI boom, and more recently the US President Donald Trump’s tariff war.
BUSINESS
Infosys lets go off 240 more trainees who failed tests, offers free upskilling
Infosys has also extended free training to around 326 trainees who were let go in February after failing the assessment tests
BUSINESS
TCS, Infosys, Wipro add over 13,500 employees in FY25, reversing last fiscal’s decline
All three IT companies have indicated they will hire roughly the same number of freshers in FY25 as they did in the previous fiscal despite the uncertain demand environment, driven by US President Donald Trump’s tariff war.
