Future of services is hybrid: Former Cognizant CEO Francisco D’Souza says IT firms well-placed to modernise legacy systems
While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said
States, GCCs to be consulted before creating framework to address talent issues in industry
The government is keen to emulate the IIT Madras Research Park model to boost talent issues in GCC industry
Brokerages see 30-45% upside in Quess Corp shares on leaner model, CEO says focus is on margins
FY25 earnings were impacted by a Rs 161 crore one-time provision, which management termed an 'acceleration of expected credit loss' to clean up the balance sheet.
Targeted $10-billion revenue will be entirely AI-influenced over the next 5 years: LTIMindtree’s AI chief Nachiket Deshpande
Customers are moving from investing into AI infrastructure, PoCs to AI-driven services, driving new opportunities for LTIMindtree capture. AI will be a big pivot to win large deals, Deshpande said.
GCC no longer competitors but critical clients, says Infosys chairman Nilekani
Infosys leadership also disclosed that over 20,000 employees are actively using GitHub for coding, which is among the largest users of the platform in the IT industry.
West Bengal government allots 20 acres of land to Tata Consultancy Services to build office campus
The office campus will create 25,000 direct job opportunities, said WB Chief Minister Mamata Banerjee.
Tech Mahindra CEO Mohit Joshi earned Rs 52.1 crore in FY25
There was a 6.52 percent reduction in the median remuneration of employees in FY25. Joshi’s earnings were 840.22 times the median employee salary
IT companies to gain from rupee depreciation, but West Asia conflict to trigger business uncertainties
Industry experts believe the impact of depreciating rupee will be short-term and not significant enough as IT exporters tend to hedge their business against cross currency headwinds for at least two quarters ahead.
Accenture's Gen AI bookings increase 7% to $1.5 billion in Q3FY25
Meanwhile, the company said its revenue from Gen AI is now upwards of $1 billion year-to-date. Accenture follows a September-August financial year.
Accenture beats Q3 revenue estimates; shares down 2.6% in pre-market as bookings decrease 6%
The company has increased the upper end of the annual revenue growth guidance between 6% and 7%, compared with its prior forecast of 5% and 7%.
TCS director Keki Mistry flags volatility amid global conflicts and economic strain
Mistry was elected as the chairman to preside the AGM on June 19 in absence of TCS chairman N Chandrasekaran, who skipped the shareholder gathering citing “some exigencies".
Used to take 25-30 hours on speech drafts, I now take 5 hours: Infosys founder Narayana Murthy on ChatGPT
Murthy believes Indian IT firms can tap into Gen AI to accelerate coding, reduce errors, and improve turnaround times.
IIT-Kanpur missed out on Rs 2,000 crore worth of Infosys shares because of archaic rules, says NR Narayana Murthy
In the case of Bengaluru’s Indian Institute of Science (IISc), which faced a similar fate, the shares would have multiplied 768 times
Fear that AI will take away jobs not right, very positive about IT industry: Infosys founder NR Narayana Murthy
Murthy said his own usage of OpenAI’s Generative AI tool ChatGPT has boosted his productivity by five times.
TCS partners with Denmark’s Salling Group for digital 'transformation', cloud migration
TCS will support the retail group’s digital transformation, with focus on enhancing its e-commerce platform's response to consumers' evolving demands
Altimetrik appoints Gurvinder Sahni as CMO to accelerate AI ecosystem
Sahni has served as CMO at Persistent Systems, and also held senior roles at Wipro.
Volvo Cars picks HCLTech as supplier for engineering services
Expanding on its existing partnership in digital and PLM (product lifecycle management) services, this agreement significantly increases HCLTech’s role to cover the delivery of end-to-end engineering solutions at scale.
Indian GCC leadership roles up 30% to 6,500; returning NRI professionals taking on key positions
Even long-term expat leadership has dropped sharply over the past five years to less than 10 percent of senior roles, mostly in tightly regulated sectors needing close headquarter oversight
Digitide, Bluspring will carry shared heritage of Quess: Founder Ajit Isaac
Reinvestment of Rs 1,270 crore raised in public capital by Quess Corp laid the foundation for the two firms, that debuted on the stock markets in twin listing on June 11.
In the making: 7 more billion-dollar IT companies after 15 in the past 10 years
Firstsource, Cyient, Oracle Financial, KPIT, Birlasoft, Zensar and Tata Technologies are likely to enter the billion-dollar revenue club soon
IT veterans secure 12–14% of C-suite positions in GCCs over the past three years
Industry experts said that these seasoned IT services leaders were not just drawn by elevated roles, but by the opportunity to drive enterprise-wide transformation rather than pure-play delivery.
Infosys, TCS investing in GPUs, says MeitY's Abhishek Singh
Singh added that in the next six months, India will have around 50,000 GPUs secured through the AI mission.
Inside Dell’s ‘decentralised’ AI Future: How the Dell AI Factory is gearing up to capture enterprise demand
The first year of Dell AI Factory proved it was up to 60 percent more cost-effective than the public cloud. Dell highlighted that 85 percent of enterprises plan to move generative AI workloads on premises in the next 24 months.
Wipro’s Agentic AI increases efficiency by 20-35% in software development, says CTO Sandhya Arun
Savings from Agentic AI automation are being directed, not towards downsizing, as is the popular notion, but into upstream work, the CTO said.
