Avik Das
Avik Das
Page 15 - Avik Das
$20 bn IT contracts up for renewal amid GenAI wave, global uncertainties
These renewals are particularly significant as they come at a time when US-imposed tariffs and global macroeconomic uncertainties have created a cloud of uncertainties.
 "$20 bn IT contracts up for renewal amid GenAI wave, global uncertainties")
US tariffs: Manufacturing, retail growth for IT companies may take a hit
Could lead to slower decision making, less discretionary spending on new-age technology
 "US tariffs: Manufacturing, retail growth for IT companies may take a hit")
L&T Technology Services bags Euro 50 million deal with European automaker
The deal will focus on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models
 "L&T Technology Services bags Euro 50 million deal with European automaker")
Pyramid or diamond? Indian IT companies brace for structural change
Traditionally, IT services firms followed a pyramid structure, with a broad base of fresh graduates supporting scalability and a large bench strength ready for deployment
 "Pyramid or diamond? Indian IT companies brace for structural change")
AI solutions company Tredence plans to hire 1,700 people in 2025
Tredence, which is backed by Advent International and Chicago Pacific Founders, has raised $205 million since its inception in 2013
 "AI solutions company Tredence plans to hire 1,700 people in 2025")
Cognizant looks to break into top four IT services companies by 2027
Company focusing on AI and training employees to regain leadership position, says annual report
 "Cognizant looks to break into top four IT services companies by 2027")
Infosys lays off another 40-45 trainees out of 1,200 it hired in Oct-Nov
India's second-largest IT services company assessed these engineers on March 18, after indefinitely postponing the assessment last month
 "Infosys lays off another 40-45 trainees out of 1,200 it hired in Oct-Nov")
IT firm Happiest Minds confident to grow in double digits next fiscal
Indian IT companies - both large and medium - are bracing themselves for another uncertain year as the industry is yet to assess the impacts of tariffs on the US economy
 "IT firm Happiest Minds confident to grow in double digits next fiscal")
Chhattisgarh govt woos companies from Bengaluru to invest in state
Representatives from companies such as BEML, Gokaldas Exports and Britannia praised the state's business-friendly policies and infrastructure support
 "Chhattisgarh govt woos companies from Bengaluru to invest in state")
Indian SaaS market likely to grow to $100 billion by 2035, says report
Digital-native businesses will increase their software spend from $4.6 billion in 2025 to $26 billion by 2035, as they build deeper digital capabilities
 "Indian SaaS market likely to grow to $100 billion by 2035, says report")
Q4 results preview: Macro headwinds cloud IT firms' growth outlook
Accenture said last week discretionary spending has picked up in financial services and in the US
 "Q4 results preview: Macro headwinds cloud IT firms' growth outlook")
Absorption of real estate space by GCCs crosses pre-pandemic level
Trend driven by stricter policies on working remotely
 "Absorption of real estate space by GCCs crosses pre-pandemic level")
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
 "Data streaming platform Confluent to increase India headcount by 20%")
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
 "BFSI GCCs reach new heights in India with neo and mid-sized banks")
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
 "LTIMindtree appoints COO Nachiket Deshpande as head of global AI services")
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)
 "Realigning global business lines to match clients' demands: Wipro")
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
 "BPOs to reduce hiring as automation and AI take over routine tasks")
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
 "Infosys to hold trainee assessment on March 18 after postponement")
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
 "GenAI boom drives demand for specialist engineers in India's IT sector")
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
 "About 19% of AI use cases deliver business value, says Infosys report")