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Giving context on this decision, CEO Venu Lambu said that 'the topic of wage hikes is evolving,' as the industry and the company are going through a significant inflection point
In January, the Bengaluru-headquartered firm announced that it had significantly reduced its reliance on H-1 B visas, as over 60 percent of its US workforce is now comprised of locals.
Attrition for the quarter fell to 14.3 percent, from last quarter’s 14.4 percent on a last-twelve-month basis. The IT services major had also added 8,203 employees in Q2.
Wipro onboarded about 2,900 freshers during this quarter despite lower attrition in the previous quarter and better utilisation, said chief human resource officer Saurabh Govil during the company's second-quarter earnings conference.
The Wipro chief noted that global clients are becoming increasingly cautious amid changing trade policies.
Wipro’s stance mirrors that of its peers. Last week, Tata Consultancy Services (TCS) said it has 'significantly reduced its dependency on H-1B visas', with only around 500 associates travelling to the US on new visas in the past year.
Jayesh Sanghrajka, CFO, Infosys shared that the company has hired around 12,000 freshers as of H1, and is on track to onboard 20,000 freshers for the full year of FY26.
Oracle said the investment will include training over 8,000 practitioners and developing more than 100 industry-specific AI use cases across sectors such as manufacturing and utilities.
For the quarter ending June 30, 2025, Black Box reported a topline of Rs 1,387 crore
Tech Mahindra CEO Mohit Joshi described it as a “significant technical milestone,” noting that with 1 trillion parameters, the IT major’s LLM would rank among the largest AI models currently under development worldwide.
The company’s last twelve-month (LTM) attrition has inched up to 12.8 percent, from 12.6 percent in the previous quarter.
Earlier, HCLTech had said that it had the lowest dependency on H-1B visas within the industry, with 80 percent of its workforce in the US comprising local talent.
Last year, HCLTech had implemented a 7 percent salary hike starting October. Top performers had received raises of up to 12-14 percent.
HCLTech is taking a long-term view on AI by proactively transforming its services even if it means “disrupting parts of the company’s existing revenue base”.
In Q2, HCLTech also on boarded 5,196 freshers, taking the total fresher addition to 7,180 as of H1FY26.
TCS has been the top beneficiary of the work visa programme among Indian IT services firm. As of September, TCS was allocated around 5,505 visas
The dot-com and fiber-optic bust of the early 2000s didn’t occur because the internet was a bad idea, it happened because expectations ran ahead of monetization. The same risk shadows AI today.
The GCC’s core mission is to integrate AI, automation, and digital twins into every aspect of Chevron’s energy workflows, helping improve efficiency, reliability, and safety across its global network.
The most recent case was of another Tata Group company and UK’s biggest automotive firm Jaguar Land Rover in September.
TCS CEO K Krithivasan said the project, which is close to India’s overall data center capacity, will be developed in phases with funding structured as a mix of equity and debt.
TCS said that the new business entity is working on building world class AI infrastructure that includes 1 GW capacity AI datacenter in India.
Headcount was down even in a quarter when attrition fell to 13.3 percent, from the previous quarter’s 13.8 percent.
Clients are yet to realise returns on the capital spends incurred on IT so far, in the post-Covid digitization trend
Brokerages are unanimous that India’s information technology (IT) services sector will deliver another muted quarter, with revenue growth largely flat and client spending still subdued.
Analysts expect an overall stronger growth recovery in H2FY26 for IT firms compared to H1FY26, driven by a more stable environment, deal ramp ups, improved utilisation and better project execution.
