Page 12 - Avik Das

Happiest Minds to double hiring in AI business amid skill shortages

Mid-tier IT firm Happiest Minds plans to double its AI and GenAI workforce to over 1,000 by next fiscal, investing more to address skill gaps that are leading to lost revenue

Startup Gnani to launch its voice foundation model at AI Impact Summit

IndiaAI-backed startup to unveil 14bn-parameter voice model in six languages, with plans to scale to all 22 Indian languages within 18 months

Artificial intelligence fears push Nifty IT to over nine-month low

Nifty IT slides 6% as AI disruption fears and fading US rate-cut hopes trigger sharp sell-off in frontline tech stocks

Wipro to hike salaries from March 1, bringing much-needed relief to staff

IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified

Explained: How Anthropic's Claude plug-ins rattled Indian IT stocks

New plug-ins let Claude automate legal, sales and analytics tasks, raising fears of AI-led disruption to traditional software and IT services

Cognizant gives 100% bonus to employees for 2025 after strong results

Cognizant awards a 100% bonus after beating growth estimates, with CEO Ravi Kumar saying the company has reached its "winner's circle" ahead of schedule

Hexaware Q4 net profit halves to ₹100 crore on New Labour Code provisions

Hexaware's December-quarter net profit fell 49 per cent year-on-year to Rs 100 crore due to provisions for the New Labour Code, even as revenue rose over 10 per cent

Cognizant Q4 net profit rises 19%, to hire more freshers this year

US-listed IT major beats growth guidance for 2025 on strong deal wins, margin expansion and rising financial services demand

Anthropic's upgraded AI tool may intensify competition in tech world

Anthropic's update to its agentic AI tool Claude Cowork is fuelling concerns over disruption in software and IT services, as AI agents begin to replace legacy workflows

Why Budget tax sops to attract foreign investment upset Indian data centres

The new Budget provides for tax sops to attract more foreign investments in India's data centres. So why are some Indian players upset?

India-US trade deal brings glimmer of hope for beleaguered IT services cos

India-US trade deal eases fears of tariff spillover into IT services, offering relief to Indian tech firms amid weak global demand and delayed client spending

Budget 2026: Tax holiday for foreign Cloud cos using data centres in India

Budget 2026 proposes tax holiday till 2047 for foreign cloud firms using Indian data centres, aiming to position India as a global AI and hyperscale data hub

Eco Survey: AI strategy must be grounded in economic realities, not scale

Chasing scale, building large LLMs for own sake not useful for India

KPIT Q3FY26 results: Net profit plunges 29% to ₹133 cr, revenue up 9.5%

KPIT's Q3FY26 profit fell sharply due to labour code provisions, even as revenue rose on Europe recovery and growth in connected and autonomous vehicle services

Economic Survey 2026 flags digital addiction as key challenge for India

Meta, which owns Facebook, WhatsApp and Instagram, regularly counts India among its largest user bases, along with Alphabet's YouTube

Persistent Systems eyes expansion in Europe, to cut reliance on US market

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

Voice AI is India's next UPI moment: Infosys chairman Nandan Nilekani

Voice AI is the most practical path to digital inclusion in India, enabling access across languages, literacy levels and sectors, says Nandan Nilekani

Data privacy, security gain importance as AI adoption accelerates

As artificial intelligence becomes widespread and India implements the DPDP Act, enterprises are being forced to rethink data privacy, governance, and cybersecurity strategies

With GenAI, billing models more outcome-based: TP India head Maneesh Daga

Teleperformance India says AI is driving a shift from low-end bpo work to outcome-based, higher-value services, reshaping billing models, productivity and hiring strategies

Learnability as a skill more critical than ever: Mphasis CEO Nitin Rakesh

As AI reshapes IT hiring, Mphasis has dropped campus recruitment, betting on internships, hackathons and learnability over credentials in the age of GenAI