Essar Group-backed tech firm Black Box outlines 15% year-on-year growth over 4 years
For the quarter ending June 30, 2025, Black Box reported a topline of Rs 1,387 crore
Tech Mahindra developing 1-trillion-parameter sovereign LLM under IndiaAI Mission
Tech Mahindra CEO Mohit Joshi described it as a “significant technical milestone,” noting that with 1 trillion parameters, the IT major’s LLM would rank among the largest AI models currently under development worldwide.
Tech Mahindra overall add 4,197 employees in Q2, IT headcount plunges by 1,459 QoQ
The company’s last twelve-month (LTM) attrition has inched up to 12.8 percent, from 12.6 percent in the previous quarter.
HCLTech intends to increase local hiring to reduce H-1B reliance: CEO C Vijayakumar
Earlier, HCLTech had said that it had the lowest dependency on H-1B visas within the industry, with 80 percent of its workforce in the US comprising local talent.
HCLTech to roll out wage hikes from October; move variable pay to fixed salary
Last year, HCLTech had implemented a 7 percent salary hike starting October. Top performers had received raises of up to 12-14 percent.
HCLTech generates $100 million from advanced AI, contributing nearly 3% to overall revenue
HCLTech is taking a long-term view on AI by proactively transforming its services even if it means “disrupting parts of the company’s existing revenue base”.
HCLTech adds 3,489 employees in Q2FY26, reduces attrition to 12.6%
In Q2, HCLTech also on boarded 5,196 freshers, taking the total fresher addition to 7,180 as of H1FY26.
TCS says only 500 workers on new H-1B visas as it moves to reduce US dependency
TCS has been the top beneficiary of the work visa programme among Indian IT services firm. As of September, TCS was allocated around 5,505 visas
AI Boom or Bubble 2.0? The Fiber Optic Flashback
The dot-com and fiber-optic bust of the early 2000s didn’t occur because the internet was a bad idea, it happened because expectations ran ahead of monetization. The same risk shadows AI today.
Chevron bets $1 billion on Bengaluru GCC, now 1,000 engineers strong
The GCC’s core mission is to integrate AI, automation, and digital twins into every aspect of Chevron’s energy workflows, helping improve efficiency, reliability, and safety across its global network.
No compromise of TCS systems in recent cyberattacks on clients, says COO
The most recent case was of another Tata Group company and UK’s biggest automotive firm Jaguar Land Rover in September.
TCS to invest $6-7 billion into building data centers; first revenues 18–24 months after start
TCS CEO K Krithivasan said the project, which is close to India’s overall data center capacity, will be developed in phases with funding structured as a mix of equity and debt.
TCS to launch a new entity to establish multiple AI and Sovereign Data Centers in India
TCS said that the new business entity is working on building world class AI infrastructure that includes 1 GW capacity AI datacenter in India.
TCS headcount falls over 19,700 in Q2FY26 amid restructuring, layoffs
Headcount was down even in a quarter when attrition fell to 13.3 percent, from the previous quarter’s 13.8 percent.
Chart of the Day | AI poses growth challenges for IT services sector
Clients are yet to realise returns on the capital spends incurred on IT so far, in the post-Covid digitization trend
Muted revenues, margin pressure, visa impact: Five key factors to watch out for in Q2FY26 IT earnings
Brokerages are unanimous that India’s information technology (IT) services sector will deliver another muted quarter, with revenue growth largely flat and client spending still subdued.
Layoffs impact, visa fee, muted demand: TCS Q2 earnings key factors to watch out for
Analysts expect an overall stronger growth recovery in H2FY26 for IT firms compared to H1FY26, driven by a more stable environment, deal ramp ups, improved utilisation and better project execution.
Labour Standing Committee member urges labour, IT ministers to act on TCS layoffs
Singh suggested the actual figure appears much higher, characterising this as part of a wider trend where profit is prioritised at the cost of workers' livelihoods.
TCS offers up to 2 years’ severance pay amid workforce restructuring
Employees who have been unallocated or “on the bench” for over eight months without finding a suitable role are offered a simpler package, consisting of notice period pay equivalent to three months.
Capgemini names Sanjay Chalke India CEO as Ashwin Yardi retires
Ashwin Yardi, who has led Capgemini in India for seven years, will retire from executive duties at the end of December.
Demand for AI talent surges across India’s GCCs, up to 3,500 roles open
The sharp rise in hiring comes as global firms increasingly turn to India to bridge the AI talent gap.
ZEISS turns to Gen AI for revenue forecasts, with India GCC at the core
Dhaval Radia, CFO of ZEISS India, said back-testing of three years of data revealed striking improvements.
TCS CHRO Milind Lakkad retires, Sudeep Kunnumal announced as replacement
Sudeep Kunnumal - Chief Human Resources Officer Designate, will take charge as the Chief Human Resources Officer of the Company from October 1, 2025.
TCS layoffs leave employees facing uncertainty and anxiety
TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.
