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.
These cuts have so far happened across Oracle Cloud Infrastructure (OCI) and Oracle Financial Services Software (OFSS) divisions, impacting hundreds of employees.
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.
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.
Vaishnaw also said the Centre is engaging gaming industry stakeholders after ban for an orderly transition
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.
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.
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.
In August, the company had said that it will be giving out increments to around 80% of its employees effective from September 1.
Industry-leading earnings growth and the AI edge should help the stock do well
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.
Murthy, who has seen many waves of technology disruption, said the one trait that stays through this constant evolution is the ability to learn.
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.
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.
The partnership integrates context engineering with Cognizant’s Agentic Development Lifecycle (ADLC), aiming to scale it as a foundational capability.
Nilekani also said that IIT Madras’ AI4Bharat lab is developing the largest Indian language capability AI open-source stack that anybody could use.
Analysts caution: don’t suffocate Harman within slow structures.
The Cloud4C acquisition will expand Capgemini’s footprint in the cloud managed services market. It would also bring immediate cross-selling opportunities for both the firms, the company said.
The bench instead reinstated a 19 March 2024 injunction that had barred the company from using the disputed branding in India.
The restructuring comes at a time when IT services companies are aggressively strategizing their AI playbooks to capture market share amid larger demand slowdown globally
For India to become a global chip-making hub, the government must take a staggered approach
The transaction should add about 3 percent to the company’s top line
Availity's India expansion has contributed to a 66 percent improvement in efficiency, reducing the cost of customer interactions from $12.50 to $4.50 over the past two years.
A combination of cost advantages, skilled talent, proximity to the financial capital Mumbai and GCC-friendly policies are shifting Pune’s position from a secondary technology hub to a niche high-value GCC destination
Data suggests that margin performance is a play of business mix, automation and deal structure rather than per head revenue. Digital skills and higher fixed pricing are changing the game