BUSINESS
Davos 2025: Embedding AI capability into our platforms and services, says Zoom
Bawa said that the focus is on making individuals and enterprises more efficient.
BUSINESS
Top 5 IT firms shed 2,500 jobs in Q3FY25 after a quarter of additions
On a positive note, these firms added 10,412 employees in 9MFY25, marking a cautious revival after losing over 57,608 employees during the same period in FY24.
BUSINESS
Have good inventory of H1-B visas, US workforce comprises 80% locals, says Wipro
Wipro said supply side will not be a constraint if demand rises in the US market.
BUSINESS
We will hire 10,000-12,000 from campuses in FY26, says Wipro
On concerns about revoking fresher offers issued to 2022 batch engineering graduates, Govil said the move was necessitated by the time gap between extending offers and onboarding candidates.
BUSINESS
Wipro client numbers drop due to weak discretionary spending, Q3 furloughs
In Q3, the company’s customer base from the over $100 million through over $1 million bracket stood at 1,806, down from 1,837 a quarter ago. In Q3FY24, this metric stood at 1,908.
BUSINESS
Wipro revises revenue guidance to range between -1% and 1% for Q4FY25
Total bookings stood at $3.51 billion, with large deal bookings of $961 million, lower than $3.56 billion and $1.49 billion in the last quarter, respectively.
BUSINESS
Wipro’s headcount down 1,157 in Q3, ends quarter with 232,732 employees
Sequentially, Wipro's attrition rate increased to 15.3 percent in the last-twelve-month (LTM) basis.
BUSINESS
Infosys to roll out 6-8% annual hikes in India from January; overseas raises at low single digits
This will be phase one of its planned salary revisions, with the second one beginning in April 2025.
BUSINESS
Dependence on H1-B visas low, over 60% of US workers local, says Infosys
For Q3, Infosys offshore employees made up 76 percent of the workforce while the rest were onsite.
BUSINESS
Building micro LLMs that will work on embedded chips, says L&T Tech CEO Amit Chadha
The company said that hyperscalers are spending "very well", although, these highly impactful projects are conducted in secrecy.
BUSINESS
Wipro Q3FY25 earnings preview: Top five factors at play
A Moneycontrol poll of nine brokerages estimated thhe company's revenue to decline 0.6 percent to Rs 22,176 crore in the October-December 2024 quarter.
BUSINESS
Infosys Q3 FY25: Five key factors to watch
Analysts expect the company to raise its FY25 revenue growth guidance while maintaining its margin outlook
BUSINESS
HCLTech cuts FY25 fresher intake to 7,000 from 10,000, cites lower attrition, higher productivity
The company said that the initial figure of 10,000 was a directional plan outlined at the start of the fiscal and that hiring numbers are reviewed quarterly.
TECHNOLOGY
Dependence on H-1B visa among lowest in industry, 80% of US employees are locals, says HCLTech
Chief People Officer Sundararajan said the number of H1-B visas for the company ranges between 500 and 1,000 at most annually
BUSINESS
What the Infosys counterclaim says about Cognizant in the TriZetto trade secrets case
Infosys alleged that Cognizant’s anticompetitive conduct has led to persistently high and growing healthcare costs that Americans ultimately have to bear.
TECHNOLOGY
Infosys files counterclaim against Cognizant, accuses CEO Ravi Kumar of misusing sensitive information, anticompetitive practices
The lawsuit brings to the fore a bitter rift between two IT majors, at a time when the industry is facing uncertainty wrought by an uncertain US economy and the impact of artificial intelligence.
BUSINESS
TCS promoted over 25,000 employees in Q3, nearly 20% of workforce elevated this fiscal
The Mumbai-headquartered firm also reported a net decline of 5,370 employees during Q3.
BUSINESS
TCS headcount shrinks by 5,370 in Q3, reversing two quarters of growth
With this decline in headcount, TCS now employs 6,07,354 people.
BUSINESS
IT Q3FY25 earnings: From wage hike delays to discretionary spend, five factors to watch
Discretionary spending remains a sore point for IT companies, with clients continuing to prioritise cost-saving projects over large-scale transformation initiatives, say brokerages.
BUSINESS
Infosys provides route map to trainees as leopard remains elusive on Mysuru campus
Over 7,000 trainees who stay in the campus have returned to attending classes, while employees are still working remotely, sources said.
BUSINESS
Infosys defers annual hikes to the fourth quarter
The Bengaluru-based company last implemented salary hikes in November 2023
BUSINESS
Infosys, HCLTech, Wipro, Tech Mahindra bet big on Agentic AI in 2025
Currently, AI is mostly used to improve operational processes, which will shift to improve core industry-specific business processes like customer onboarding, credit decision-making, and risk management.
BUSINESS
GCCs outpace IT in 2024; way ahead in job addition, export revenue
While service providers have been cautious due to economic conditions, they’re adapting their models to support this GCC-driven ecosystem.
TECHNOLOGY
Leopard spotted on Infosys Mysuru campus: Employees to work from home on Dec 31; Trainees given a day off
Infosys has asked employees to work from home on December 31 and instructed security not to allow anyone onto the campus.
