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
Infosys forms Enterprise AI, emerging tech Expert Advisory Council with global academic stalwarts
Infosys has already concluded early discussions with each expert and will spend the coming weeks devising models and joint technology plans.
LTIMindtree CEO Venu Lambu sees stronger growth ahead, expects profit margins to improve
Lambu hits that another mega deal is on the cards and will be closed soon. It could be even bigger than the $450-million deal in the June quarter
Quantum AI could enter mainstream conversations within 2 years, says TCS innovation chief
While TCS’s work in quantum is still in the incubation stage, Peddigari noted that quantum AI could eventually lead to new levels of intelligence, automation, and innovation.
Wipro Q1FY26 net profit rises 11% YoY to Rs 3,330 crore, beats estimates
Wipro Q1 results: The firm's consolidated revenue from operations rose marginally to Rs 22,135 crore in Q1FY26 as against Rs 21,964 crore in Q1FY25. Both the topline and bottomline are a beat against average analyst estimates.
We haven’t decided on wage hikes yet, says Wipro CHRO
Wipro gave wage hikes ahead of time in September last year. And that was done within a year of rolling out wage hikes in December 2023, Govil had said in April.
Wipro's Q1 headcount declines marginally by 114 employees amid cautious hiring
Sequentially, the attrition rate increased to 15.1 percent for the last-twelve-month (LTM) basis. In Q4FY26, attrition stood at 15%.
Tech Mahindra loses 622 employees in Q1, third consecutive quarter of decline
On a year-on-year basis, the company added 897 employees. Total headcount for Q1FY26 stood at 1,48,517.
Tata Technologies Q1 FY26: Aerospace gains height, but auto in slow lane
R&D delays and global EV headwinds temper growth momentum
Infosys Foundation launches Rs 200-crore programme to help 5 lakh job seekers by 2030
Over 80,000 job seekers have already been placed in FY25 under the initiative.
HCL Tech Q1 FY26: Short-term pain for long-term gain
Margins took a hit because of the company’s investments for the future
HCLTech says specialisation to drive fresher hiring, 'elite' cadres to get 4X higher pay
The company is expecting to have about 15-20 percent of the freshers hired this fiscal year to be 'elite cadre', while it is open to hire more but the focus will be on quality over quantity
HCLTech reduces FY26 growth guidance to 3-5% amid margin pressures
The company also tightened its operating margin guidance to 17-18%, down from the earlier range of 18-19%, which reflects near-term challenges.
Uncertainty cannot last long, FY26 international business revenue will be better than FY25: TCS CEO K Krithivasan
Despite expecting decent growth in Q1 in the international markets, TCS saw project delays driven by the macroeconomic challenges that led to the negative growth, Krithivasan said.
Why BFSI GCCs employ a third of talent despite forming just 10% of centres
Currently, many global banks have 60-70 percent of their technology and operations teams based in India. In some cases, up to a third of their global headcount is concentrated here.
