US firms lead India’s GCC surge, set to establish nearly 350 new centres by 2030
While American multinationals dominate upcoming global capability centres in India, non-US companies, particularly Japanese firms, are expanding at almost twice the pace
Gen AI revenue lines blur, Happiest Minds pins 25% growth hopes on US market
Experts have long held that Gen AI revenues are difficult to estimate, ever since Accenture disclosed it, since most deals have a component of the nascent technology
Nasscom ER&D head flags fundamental business model change, as IT sector faces similar churn
KPIT has been able to cut engineering cycle times by as much as 25-30 percent by deploying AI in validation and testing environments.
TCS and C-DAC partner to develop India's sovereign cloud ecosystem for AI-enabled innovations
The MoU with one of India's leading R&D institution is aimed at helping in the digital transformation of critical public sector services.
AI boosts IT operations by 40%, ER&D gains still at 15%, says Infosys executive
Engineering research and development requires sector-specific solutions for industries such as automotive, aerospace, manufacturing and energy. These are also the areas where adoption cycles are slower and results take longer to materialise
Infosys board approves Rs 18,000-crore share buyback, its largest to date
The board of the Bengaluru-headquartered company held a meeting on Thursday to consider the proposal
Gen AI spending in ER&D to hit $4 mn from $2.6 mn per project at scale
Efficiency remains the dominant driver of Gen AI initiatives, with organisations reporting more than 50% of their expected return on investment already realised.
Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor
Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.
Oracle begins India job cuts, targeting cloud and financial services teams
These cuts have so far happened across Oracle Cloud Infrastructure (OCI) and Oracle Financial Services Software (OFSS) divisions, impacting hundreds of employees.
UPI to be integrated with Universal Postal Union to speed up cross-border remittances
India is also seeking to run the Council of Administration and the Postal Operations Council of the UPU and is proposing to enhance the global postal community.
Supreme Court allows Cognizant to use hexagonal logo in India
The Supreme Court also directed the Single Judge’s Bench of the Bombay High Court to expedite the disposal of the injunction application within six months.
DPDP rules to be notified well before next Parliament session: IT minister Vaishnaw
Vaishnaw also said the Centre is engaging gaming industry stakeholders after ban for an orderly transition
Cognizant drops logo from social media after Bombay High Court reinstates trademark injunction
A Cognizant spokesperson said the company is complying with the order of the Bombay High Court, while also considering its options for redress and pursue available legal remedies to defend its right.
Indian GCCs retrain staff as AI engineers to combat talent shortage
A clear majority of India's GCCs are actively upskilling their teams for AI, with over 70% of India’s over 1,700 GCCs now tasked with driving their organisation’s global AI mandate.
TCS signs 7-yr pact worth 550 mn euros with non-life insurance co Tryg
As part of the agreement, TCS will partner with the company to simplify and standardise operations across its three major markets, Denmark, Sweden, and Norway.
TCS rolls out annual salary hikes of 4.5-7% on average, double-digit increment for top performers
In August, the company had said that it will be giving out increments to around 80% of its employees effective from September 1.
Why does this IT service growth leader merit attention?
Industry-leading earnings growth and the AI edge should help the stock do well
Nandan Nilekani is guiding us: Infosys CEO Salil Parekh strikes confident note on AI leadership
Parekh added that the Bengaluru-headquartered IT major has built a lot of content and capabilities around AI and the best place to scale up technology is Infosys and India.
The skills that won’t be replaced by AI, according to NR Narayana Murthy, Nandan Nilekani and Salil Parekh of Infosys
Murthy, who has seen many waves of technology disruption, said the one trait that stays through this constant evolution is the ability to learn.
Coforge CEO Sudhir Singh takes home Rs 36 crore in FY25 salary, a 65% YoY plunge
Singh’s FY25 remuneration included salary and allowances worth Rs 62.04 lakhs, perquisites, PF contribution of Rs 16 lakhs, performance linked bonus of Rs 60.7 lakhs and stock options worth Rs 22.25 crores.
“Obituaries have been written many times”: Nandan Nilekani confident Indian IT and Infosys will thrive in the AI era
Nilekani brushed off concerns about keeping up with rapid shifts in technology, underlining that that human interaction, human collaboration, human relations will become even more important.
Rohan Murty's Workfabric AI partners with Cognizant to deploy 1,000 'context engineers'
The partnership integrates context engineering with Cognizant’s Agentic Development Lifecycle (ADLC), aiming to scale it as a foundational capability.
AI is a bigger opportunity than PCs, internet or smartphones: Infosys Chairman Nandan Nilekani
Nilekani also said that IIT Madras’ AI4Bharat lab is developing the largest Indian language capability AI open-source stack that anybody could use.
Wipro’s $375 million question: Can Harman deliver where other acquisitions didn’t?
Analysts caution: don’t suffocate Harman within slow structures.
