Avik Das

IT companies add 16,055 employees in H1FY27, but demand remains weak

Hiring gains reflect fresher intake and selective skills requirements, with experts warning that AI-led shifts and subdued demand continue to weigh on jobs

Infosys cuts FY27 guidance; Q2 net profit rises 6.2% to ₹7,828 crore

The company said it expected revenues to grow 1-2 per cent in constant currency, down from the 1.5-3 per cent it expected three months ago

BFSI demand, AI revenue help Indian IT firms weather Q2 growth slowdown

BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive

Wipro Q2 results: Net profit falls 1.4% to ₹3,201 crore, revenue rises 9.1%

IT services revenue, the main metric, for the quarter ended September 30 was up by just 0.3 per cent from the year-ago period

Accenture bets on AI, targets mid-single-digit growth for next two years

Accenture aims for mid-single-digit revenue growth in constant currency in FY27 and FY28, followed by faster growth from FY29, as AI services help offset revenue pressure

AI helps Infosys' Finacle suite reduce friction in its sales process

Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs

LTTS launches AI-native manufacturing lab in India, plans US facility

The new EI Lab will showcase AI-native factories, digital twins and autonomous systems, while LTTS plans a similar facility in the US by the end of FY27

Unstructured data is an opportunity for enterprises, says Andi Gutmans

Andi Gutmans, VP and general manager of data cloud at Google Cloud explains the value of unstructured data for enterprises

Indian IT firms filed few PERM applications compared with US tech majors

Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension

GST Council meet: Export definition tweak to ease IT firms' concerns

The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs

Harness buys select assets of Augment Code to automate software coding

The acquisition brings Augment Code's Cosmos and Auggie CLI products into Harness, strengthening its push towards autonomous coding, testing, security and software deployment

Large models aren't the answer to every enterprise AI problem: Articul8 CEO

Arun Subramaniyan says Articul8's India heritage-AI venture aims to raise $30-50 million by March, and explains why enterprises need domain-specific models to control token costs and improve context

ElevenLabs targets voice AI service in 22 Indian languages, says CEO

ElevenLabs currently offers speech-to-text and text-to-speech services in 14 Indian languages and plans to cover all 22 official languages over the next year

ElevenLabs targets voice AI services in all 22 Indian languages, says CEO

ElevenLabs is expanding its voice AI services across Indian languages as businesses and governments explore more natural ways to interact with AI

Indian IT companies acquire GCCs to boost revenue as growth falters

IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts

US-patented tech to aid Spacetech startup GalaxEye's 30-satellite plan

The company is India's first start up to be granted an US patent on this technology which combines optical images with SAR to provide better quality image despite smoke and clouds in the atmosphere

Results preview: IT companies expected to report sombre Q2 numbers

Persistent macroeconomic uncertainty, geopolitical volatility, artificial intelligence (AI)-led pricing and productivity pressures continue to weigh on demand

Accenture beats Q4 revenue guidance, projects 3-6% growth for FY27

Fourth-quarter revenue rose 6 per cent to $18.7 billion, beating guidance, while Accenture projected 3-6 per cent growth for FY27, offering some comfort to Indian IT firms

AI has improved basket size by 35%, says Walmart CTO Suresh Kumar

Suresh Kumar, global chief technology officer of Walmart, says artificial intelligence (AI) has helped the world's largest retailer improve its customer engagements online and also developer productiv

Coming up independently, nano GCCs make their mark in global industry

The number of nano global capability centres (GCCs) setting up operations in India independently, without assistance from service providers, has gone up consistently over the last few years