Avik Das
Avik Das
Page 17 - Avik Das
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
 "CGOs take centre stage at IT services companies amid growth challenges")
Montek Ahluwalia bats for smaller states to drive economic growth
Ahluwalia added that creating newer cities in existing states is riddled with challenges that are both political and economic
 "Montek Ahluwalia bats for smaller states to drive economic growth")
OpenAI to introduce AI agents that can do jobs of engineers: Sam Altman
Executives across technology and IT services firms have said that the nature of jobs will change as GenAI adoption becomes more mainstream and writing code becomes automated
 "OpenAI to introduce AI agents that can do jobs of engineers: Sam Altman")
Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka
The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore
 "Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka")
IT companies likely to roll out 3-6% hikes this year, say HR experts
According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent
 "IT companies likely to roll out 3-6% hikes this year, say HR experts")
Britannia plans to take 'capex break' amid slowdown in urban demand
Senior executives of the company said they would be cautious on capital expenditure because growth in volumes remained on a slow burn, hurt by a slowdown in urban demand
 "Britannia plans to take 'capex break' amid slowdown in urban demand")
Infosys lays off about 350 Mysore campus recruits; employees upset
The affected employees were taken on board in October 2024, following more than two and half years of wait after getting their offer letters
 "Infosys lays off about 350 Mysore campus recruits; employees upset")
Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25
The Nasdaq-listed firm reported a revenue growth of 6.7 per cent for the fourth quarter
 "Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25")
Happiest Minds Q3FY25 results: PAT down 16% on higher finance costs
Revenue for the quarter grew 27.5 per cent to Rs 553 crore, compared to a year earlier
 "Happiest Minds Q3FY25 results: PAT down 16% on higher finance costs")
GCCs expected to create 425,000 to 450,000 jobs this year, says report
Most of the hiring will be for entry-level talent, with demand for skills in customer experience and support services (17 per cent), cybersecurity and data protection (17 per cent)
 "GCCs expected to create 425,000 to 450,000 jobs this year, says report")
Skilled labour, simplification of regulations to propel services: Survey
According to the Economic Survey 2024-25, its share in total GVA at current prices has risen from 50.6 per cent in FY14 to around 55 per cent in FY25
 "Skilled labour, simplification of regulations to propel services: Survey")
Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan
A technology-led approach turns these transformation goals into achievable realities
 "Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan")