US tariffs: No direct hit but Indian IT sector braces for second-order stress
Clients in sectors directly affected by the tariffs may face cost pressure, which could trickle down into IT budgets, particularly for discretionary or transformation-led projects.
Tamil Nadu industries minister TRB Rajaa hard sells state to GCCs
Addressing concerns about Chennai’s nightlife, Raja said the city is 'no-nonsense' by nature, adding, 'I prefer to keep my leisure healthy'
Infosys should consider expanding to other North Karnataka districts, says Industries Minister Patil
Patil assured that the government’s efforts are directed towards creating a conducive ecosystem in Tier-2 cities.
TCS Layoffs: Karnataka Department holds conciliation meeting; next round on Sept 8
India's largest IT company was represented by Boban Varghese Thomas, General Manager - HR, and Mahesh G.K., Assistant Manager. G. Manjunath, Additional Labour Commissioner, attended the meeting as the conciliation officer.
LTIMindtree appoints Gururaj Deshpande as Chief Delivery Officer
In his new role, he will oversee LTIMindtree’s Delivery Units, Talent Solutions functions, Global Delivery Centres, and Delivery Excellence.
HCLTech's C Vijayakumar took home Rs 94.6 crore in FY25, is highest-paid Indian IT CEO for a second year
The IT firm's board cited the company's market performance as one of the key reasons for the fatter pay package
Cognizant yet to decide on salary hikes, to cover most employees in H2, says CFO
Cognizant usually starts its increment cycle on August 1 but this time, the company has signalled some delays
Cognizant tops Q2 revenue growth estimates, lifts full year growth guidance to 4-6%
The company saw its headcount increase by 7,500 sequentially, ending with 343,800 employees in Q2
Persistent Systems delays wage hikes by a quarter, pauses fresher hiring over macro uncertainty
Persistent Systems CEO Sandeep Kalra is hopeful that the macro uncertainties due to Trump’s tariffs and delayed decision making by clients will start to stabilise over the next one or two quarters.
Race for AI supremacy — A test of real intelligence for America, China
China has responded to Trump’s AI action plan with the proposal of a global cooperation organisation
Margin pressures and outdated skills behind TCS job cuts, say industry analysts
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, who too have been launching various programs to improve operating margins in the past two years amid growth slowdown.
TCS is just the start! Experts expect other IT firms to also cut jobs amid margin pressure and AI push
TCS’ move to opt for job cuts will have a cascading effect on other IT companies, which have also been launching various programs to improve operating margins in the past two years amid growth slowdown.
TCS job cuts not driven by margins, says TCS CEO K Krithivasan
At the end of the June quarter, TCS had 6,13,000 employees. A 2 percent workforce cut will impact roughly 12,200 employees
Not cutting jobs because of AI, says TCS CEO Krithivasan on 2% workforce layoff plans
'This is driven by where there is a skill mismatch, or, where we think that we have not been able to deploy someone,' Krithivasan told Moneycontrol.
MC Interview: Had to take 'difficult call' to build stronger TCS, says CEO K Krithivasan after cutting 12,000 jobs
'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
How TCS, Infosys, HCLTech, Wipro and Tech Mahindra fared in Q1FY26
Infosys may have led the Tier-1 pack in Q1, but the bar was low, as macroeconomic conditions were challenging and client spending had not picked up significantly.
HCLTech reappoints C Vijayakumar as CEO and MD for third term
Vijayakumar was first appointed as the company’s CEO back in 2016, when he succeeded former CEO Anant Gupta. Prior to that Vijaykumar was serving as the chief operating officer, and has been with the IT firm for over 31 years in various roles.
Only TCS, Infosys among India's top IT firms added headcount in Q1 amid AI, growth overhang
The IT industry is at an inflection point as the companies navigate their hiring strategy amid AI disruption and the ongoing macroeconomic challenges.
Infosys lifts growth guidance to 1–3% as agentic AI, consolidation deals and stabilising global economies drive optimism
In the previous quarter, the company had set its revenue growth guidance at 0-3 percent in constant currency for FY26. As of Q1FY26, Infosys has retained its operating margin guidance at 20-22 percent.
Infosys adds 210 employees, fourth consecutive quarter of headcount addition
The attrition rate increased to 14.4% from 14.1% in the March quarter
Zensar Q1 FY26: A quarter of good execution
The key market of the US, and the turnaround in the TMT vertical aided revenue
Google expands data residency efforts in India with local processing of Gemini 2.5 Flash
This move is expected to help Google attract customers in sectors such as financial services, healthcare, and the public sector, which handle sensitive data and have strict data residency needs, as AI becomes more widely adopted.
Fidelity Investments cuts 500 jobs in India amid global role shift
The investment firm currently employs around 7,000 people in its India GCC, and said it remains committed to maintaining that number.
Infosys Q1 preview: 5 key factors to watch for
With peers TCS and HCLTech struggling with weak demand, the Street will be keenly watching Infosys’ commentary on deal ramp-ups, AI-led transformation and the pace of recovery in key markets
