BUSINESS
Infosys grants ESOPs worth about Rs 50 crore to CEO Salil Parekh in FY25
Additionally, the Bengaluru-based company has granted 5,000 restricted stock units (RSUs) to eligible employees, which would vest equally over a period of four years.
BUSINESS
Infosys Q4 disappoints, guides for 0%-3% revenue growth for FY26
The software major, along with other IT companies, has been facing tepid demand on the back of soft discretionary spending
BUSINESS
Macroeconomic uncertainties dramatically increased from FY25 to FY26: Wipro
Wipro's revenue growth declined for the second consecutive fiscal by 2.3% in CC terms YoY for the financial year 2024-25.
BUSINESS
Infosys Q4 results in focus as TCS, Wipro miss estimates: What to watch out for
India’s second-largest information technology company is expected to see its revenue decline sequentially, reflecting the ongoing softness in discretionary IT spending
BUSINESS
Early signs of recovery haven't sustained due to tariffs, says TCS CEO K Krithivasan
During the post-earnings press conference, TCS CEO K Krithivasan said the early signs of recovery in discretionary spending were not sustained due to the US tariffs.
BUSINESS
TCS to recruit about 42,000 freshers in FY26, similar to previous fiscal
CHRO Milind Lakkad said that artificial intelligence (AI) will have a bearing on hiring as the nascent technology for business is a new opportunity.
BUSINESS
TCS full-year net headcount up in FY25 after declining first time in 19 years in FY24
India’s largest information technology services company, on April 10, said its headcount increased by 6,433 year-on-year during the financial year 2023-24.
BUSINESS
Rising Bharat 2025: I don’t plan Perplexity for more than three months, says CEO Aravind Srinivas
Srinivas also highlighted the challenge of building AI-native products and the balance between generality and user specificity.
BUSINESS
A year on, CEO Srinivas Pallia steers Wipro steady, but turnaround journey isn’t over
Pallia has been a great 'campus to corner office' story and has a deep understanding of the company’s clients, culture, context, and capabilities but a year is too short a period to 'have conviction on long-term trajectory'
BUSINESS
Indian IT's guidance, deal pipeline to shed light on Trump tariff impact: Five factors to watch
The earnings commentary will set pace for IT sector’s growth expectations for FY26, now in the doldrums as experts recalibrate growth estimates amidst Trump's tariff setback.
BUSINESS
Rattled to the core: Indian IT on shaky wicket after Trump tariffs
Trump's tariffs could dash IT sector’s FY26 revival hopes.
BUSINESS
AI won’t derail India’s GCC growth but will redefine it, say experts
While AI-driven automation will impact certain service segments, experts say it will push GCCs up the value chain rather than derail India's growth story
BUSINESS
Established AI innovation labs, factory with clients to incubate new AI tech: Infosys
The labs focus on tracking, assessing, and developing proof of value for emerging AI tech within the organisation, while the AI factory productises and scales these solutions.
BUSINESS
AI solutions firm Tredence plans 1,700 new hires in 2025, 30% dedicated for Gen AI, Agentic AI
Bhowmick added that Gen AI revenue has surged for the San Jose-headquartered firm recently, now making up about 20-25 percent of its earnings driven by such deals.
BUSINESS
Infosys terminates more trainees from Mysuru campus; offers alternative career path
The Bengaluru-based company is providing affected trainees with an alternative career path, including a 12-week training program for potential roles in Infosys BPM.
BUSINESS
IT sector sees 90% drop in new company formations, down to 2,400 in FY25
Karnataka, India’s IT hub, recorded a sharp decline in the number of new IT companies formed over the last five years, from 2,544 in FY20 to just 212 in FY25.
BUSINESS
At least eight IT and ER&D firms appointed new CEOs between January and March
Industry experts are calling it a sign of a healthy industry as tech companies are in the midst of a strategic shift with the impact of artificial intelligence (AI) continuing to become more pronounced.
BUSINESS
Indian IT’s discretionary revival hopes fade post Accenture results; Fed spending cuts not alarming
Accenture CEO Julie Sweet highlighted rising global economic and geopolitical uncertainty, a shift from the Q1FY25 outlook.
BUSINESS
What Google's $32-billion Wiz acquisition means for the global cloud wars
Wiz will remain multi-cloud once the acquisition is processed, and continue to serve existing customers and Google Cloud’s rivals AWS, OCI and Microsoft Azure among others.
BUSINESS
Inside the tech behind Modi-Lex podcast: ElevenLabs India head explains the breakneck translation speed
ElevenLabs has a global team of around 150 people, including 10 in India, and plans to expand its go-to-market team further.
BUSINESS
Laid-off employees of US-based edtech firm Focus Edumatics file complaint with Karnataka Labour Commissioner
On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.
BUSINESS
Shrinking IT deals dealt another blow by Donald Trump’s tariff war
The total number of deals up for renewal has been declining year-over-year. In 2023, 1,374 deals were up for renewal, which fell to 1,226 in 2024 and is expected to decline further in 2025.
BUSINESS
Indian IT firms brace for delayed discretionary spending revival amid Trump tariff, recession fears
Investor concerns have grown over a potential economic slowdown after US President Donald Trump refrained from ruling out a recession amid the implementation of trade tariffs.
BUSINESS
How India's ER&D sector overtook BPM in the tech industry for the first time
Over 1,680 of India’s approximately 1,750 GCCs house ER&D services, with a sizeable percent of the top 50 global engineering service providers headquartered in India
