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Meanwhile, the H-1B setback weighed on listed shares of Indian large and midcap IT companies on September 22. Most fell between 2-5 percent to take the Nifty IT index down by up to 3 percent in early trade.
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Immigration lawyers are advising impacted professionals to “wait and watch”, because the next step is going to be a litigation against Trump’s move
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Moneycontrol reported that the Indian government too is assessing the situation and New Delhi is in touch with the Indian Embassy in Washington and is holding consultations with Nasscom.
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Centre in talks with NASSCOM, Indian Embassy in Washington; fallout may push more global capability centres to India, said a senior government official
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Models are the new microprocessors, and context is their raw material. This shift expands IT services from competing for IT budgets to addressing enterprise-wide budgets — a transformation that will redefine the industry and its customers’ leadership agendas
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The proposed HIRE Act poses a political, not practical, threat to India’s IT sector. Real disruption stems from AI, not outsourcing bans, as economic logic still favors India’s cost advantage
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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.
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Private banks, which have higher exposure to private sector employees, particularly those from IT, have witnessed an 8-12 percent contraction in their FY26 EPS estimates.
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'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
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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.
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Through this agreement, HCLTech will transform the Kiwi city council’s IT services across cybersecurity, hybrid cloud, asset management and network services
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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
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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.
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Despite recent headwinds, income tax data suggests the number of high earners continues to compound at 15–20% annually.
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CEO and MD K Krithvasan called this TCS' strengthen India focus strategy. 'A strategy that puts the power of AI to the service of our nation and at the edge of excess innovation,' he said.
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Trump's tariffs could dash IT sector’s FY26 revival hopes.
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The average bench time at present has come down to 35-45 days compared to an average of 45-60 days in FY20 and FY21, when the sector’s revenue growth for the sector was in the higher double digits.
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In Moneycontrol's Pro Panorama March 4 edition: Congress looking for ways to fight back, the corporate performance report on India Inc's health, rising loans hint at recovery of private capex, Indian capitalism fuelled by family offices, and more
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Being able to deliver a project in a shorter timeline 'at speed' will become the competitive advantage for IT companies in an AI-driven world, Kaka has said
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The programme also involves enhancing the digital experience of UPM's 15,800 employees by using AI to support better human-machine collaboration.
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Industry analysts highlighted margin volatility, positioning of the brand along with other Tier-I rivals, top level exodus as concerns needing to be solved for.
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Krithivasan contradicted the views of US tech companies like Meta and OpenAI, which suggest that AI and AI agents will take over engineering jobs. He believes that AI will only disrupt the way certain engineering roles function.
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In Moneycontrol Pro Panorama Jan 20 edition: The economic impact of geopolitical chaos on India, how RBI managed to counter forex volatility, markets buckle up as Trump takes the wheel, traditional Indian knowledge can help secure future of ‘economics’, and more
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As of calendar year 2024, Tech Mahindra has added over 4,700 freshers, said CFO Rohit Anand.
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This comes after the company’s management entirely skipped compensation review for the mid and senior management staff in FY24
