Page 14 - Avik Das

Data streaming platform Confluent to increase India headcount by 20%

The company had 400 employees in India around this time last year and said it would ramp up its employee base by 25 per cent

BFSI GCCs reach new heights in India with neo and mid-sized banks

Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC

LTIMindtree appoints COO Nachiket Deshpande as head of global AI services

Deshpande, who was the frontrunner to replace outgoing chief executive Debashis Chatterjee before losing out to Lambu, will be based in New York

Realigning global business lines to match clients' demands: Wipro

The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)

BPOs to reduce hiring as automation and AI take over routine tasks

The Indian technology sector, which includes IT services companies, BPM, and hardware, employs about 5.4 million people, the largest in the organized sector

Infosys to hold trainee assessment on March 18 after postponement

The company, in February, said the third attempt of the Generic FA2 assessment was being rescheduled to allow the employees more time to prepare

GenAI boom drives demand for specialist engineers in India's IT sector

Cybersecurity, a sector with approximately 10K-15K job openings in India, is witnessing growing demand for roles such as network security engineers, penetration testers, cloud security specialists

About 19% of AI use cases deliver business value, says Infosys report

The research also showed a strong link between AI success and the changes a business makes to its operating model and data structure

Seeing more conversion of proof-of-concept to use case in AI: WNS chief

We are starting to see a lot more use cases of AI and GenAI solutions, which were earlier all proofs-of-concept, said Keshav Murugesh

India is Nielsen's biggest engineering base, says CEO Karthik Rao

The company has recruited about 2,500 people in the last 12 months in India

Hiring by GCCs likely to grow nearly 27% in FY26, to outpace IT again

Demand for domain experts, specialised skillsets the trigger

Coforge shares rise 8.4% on record deal, acquisition, stock split

The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent

SaaS implementation delays result in business losses: Zoho, IDC report

While speed of implementation is critical, 75% of enterprises surveyed said they faced delays, resulting in an average time overrun of 57% and a cost overrun of 43%

Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions

The deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

Target is to double organisations' AI adoption rate: TCS CTO Harrick Vin

Less than 15-25 per cent of all use cases going into production

ServiceNow sees India as its biggest mkt in Asia-Pacific: Amit Zavery

ServiceNow is betting big on agentic AI as the next area of growth as it makes that technology a core part of its platform, which improves efficiency, predictability, and real-time decision support

IT major HCLTech to use AI to improve Children's Minnesota's operations

"We are proud to partner with Children's Minnesota as they embark on a digital healthcare evolution," said Shantanu Baruah, executive vice president of healthcare at HCLTech

Wipro Ventures gets $200 mn from parent to invest in new age startups

The fund will be utilised for three to five investments every year and will focus on new opportunity areas such as generative artificial intelligence (GenAI) and cybersecurity

SAP Labs India looks to double its productivity gains from GenAI

Nasscom's data show that India will create 2.7 million new and reskilled AI jobs by 2028