Page 16 - Avik Das

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

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

Global CEOs split on GenAI's impact on jobs, automation concerns rise

For instance, DBS Group expects its workforce to reduce by 10 per cent, or 4,000 employees, over the next three to four years

GenAI making IT biz model outdated, says HCLTech CEO C Vijayakumar

IT major will hire more people at the entry level but need specialised skillsets

Meta seeks engineering director in India to lead Bengaluru operations

The engineering director is expected to influence technical decision-making, drive prioritisation and execution, and manage outstanding engineers and engineering managers, as per the job description

India is becoming a key revenue market for Publicis Sapient: Sanjay Menon

Company currently has over 10,000 employees in the country, almost half of its global headcount

IT firm Capgemini expects flat growth in 2025 as demand remains weak

Growth in Capgemini's main markets, North America and France-which accounted for nearly half of the company's revenue in 2024-fell by 1.6 per cent and 5.8 per cent, respectively

Infosys to establish GCC for Lufthansa to drive digital transformation

The move shows how global airlines have been setting up GCCs in India over the last few years

Companies expect more value from outsourcing rather than just savings

As outsourcing tenure and maturity increase, organisations become more comfortable outsourcing one or more core areas within each function to service providers

CGOs take centre stage at IT services companies amid growth challenges

Companies such as Tech Mahindra, HCLTech, LTIMindtree, US Technologies, and Persistent Systems already have growth officers who report to their chief executives