Information Technology

Infosys Ltd Q2 FY26 results: Infosys Ltd declares fiscal second quarter earnings. Check net profit, revenue, guidance, other details.

AI Boom or Bubble 2.0? The Fiber Optic Flashback

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.

Infosys moves Karnataka High Court against Rs 415 crore GST show cause notice

According to the notice, the DGGI contends that services rendered by Infosys’ overseas branches do not qualify as ‘export of services’ under GST law, and hence the refund claims were erroneous.

TCS offers up to 2 years’ severance pay amid workforce restructuring

Employees who have been unallocated or “on the bench” for over eight months without finding a suitable role are offered a simpler package, consisting of notice period pay equivalent to three months.

Capgemini names Sanjay Chalke India CEO as Ashwin Yardi retires

Ashwin Yardi, who has led Capgemini in India for seven years, will retire from executive duties at the end of December.

TCS layoffs leave employees facing uncertainty and anxiety

TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.

Accenture sees 'opportunity' in H-1B visa changes, impact limited to only 5% of US workforce

CEO Julie Sweet said every time there’s a big policy change, unfolded over decades, it has usually driven more business for the company.

Accenture’s Gen AI bookings jump to $1.8 bn in Q4, touch $5.9 bn for FY25

Since it began separately disclosing Gen AI numbers in FY24, the company has accumulated more than $7 billion in bookings from the nascent technology.

Accenture Q4 revenue rises 7% to $17.6 billion, beats estimates

Accenture expects revenue growth of 2-5% in local currency in FY26 and plans to return at least $9.3 billion in cash to shareholders.

Have robust local recruiting, hiring infrastructure: Cognizant on H-1B visa fee hike

The Teaneck-headquartered company, with a healthy exposure to H-1B visas in the US, is reviewing the US President Donald Trump’s H-1B visa fee hike and evaluating its potential impact on the company’s operations.

Fed rate cut, trade talks ease downside risk for Indian IT, but tech budgets still locked

Nevertheless, firms with deep pockets, such as Infosys, TCS, and Wipro, can sweeten the deal by offering flexible payments, outcome-based pricing, or covering upfront costs to push hesitant clients.

Global regulations are forcing Indian companies to rethink third-party risk

Regulators are demanding complete disclosures, vendor management and risk assessment from IT firms

Gen AI spending in ER&D to hit $4 mn from $2.6 mn per project at scale

Efficiency remains the dominant driver of Gen AI initiatives, with organisations reporting more than 50% of their expected return on investment already realised.

Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor

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.

DPDP rules to be notified well before next Parliament session: IT minister Vaishnaw

Vaishnaw also said the Centre is engaging gaming industry stakeholders after ban for an orderly transition

Cognizant drops logo from social media after Bombay High Court reinstates trademark injunction

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.

“Obituaries have been written many times”: Nandan Nilekani confident Indian IT and Infosys will thrive in the AI era

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.

Bombay HC restores ban on Cognizant logo use in India; Company to contest order

The bench instead reinstated a 19 March 2024 injunction that had barred the company from using the disputed branding in India.

Wipro to acquire ER&D firm Harman Connected Services for $375 million

Harman Connected Services, headquartered in Connecticut, USA, is a global provider of ER&D and IT services with more than 5,600 employees in 14 countries

Infosys gives 80% bonus payout after strong Q1FY26 performance

The average for this quarter is better than the last one, which stood at about 65 percent for eligible employees.

Cognizant to roll out pay hikes for 80% of eligible staff from November 1

In India, consistent top performers will see salary hikes in the high single digits.

Infosys acquires 75% in Telstra’s Versent Group for over Rs 1,300 cr to set up AI-led cloud JV

Valued at AUD 233.25 mn (over Rs 1,300 crore), the JV will combine Telstra’s connectivity, Versent’s local digital engineering expertise, and Infosys’ global scale in AI and cloud.

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.

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.