Page 2 - Avik Das

Persistent to buy German digital engg firm Nagarro, expand Europe presence

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

Tech services to remain relevant in AI era: Nasscom US CEO Forum

Nasscom says AI will transform-not replace-Indian IT services, with enterprise AI adoption expected to create a $300-400 billion global opportunity by 2030

Pegasystems opens new Bengaluru office with ₹60-crore investment

The enterprise AI software company says the new Bengaluru office will strengthen engineering, innovation and client engagement as part of its India expansion strategy

EXLService Holdings to acquire AI training firm iMerit for $310 million

The acquisition will strengthen EXL's AI capabilities, expand its presence in high-growth sectors and deepen partnerships with foundation model developers

EMA Partners India acquires RPO firm Taggd in ₹113 crore all-cash deal

The acquisition brings together executive search and recruitment process outsourcing capabilities, creating an integrated talent recruitment platform with global reach

Future cyberattacks will be autonomously run by AI: Palo Alto's Oswal

Palo Alto Networks warns that AI agents are creating new cyber risks, making governance, real-time controls and AI-driven security critical for enterprises

AI won't replace companies like Infosys: Chairman Nandan Nilekani

Nandan Nilekani says Infosys' role in the AI era is helping enterprises bridge the gap between AI investments and real business outcomes

AI agents: The silent workforce shift across India's IT services industry

Behind the automation wave, India's IT sector is reshaping talent, delivery and the future of work

Relationship between LLM and services firms is symbiotic: Coforge CEO

Coforge aims to reach $5 billion in revenue within four years, banking on AI-driven demand while viewing LLM firms as partners rather than competitors

IBM overhang is over now, we had to stand on our own: Kyndryl India head

Nearly five years after being spun off from IBM, Kyndryl India president Lingraju Sawkar says the firm has established its own identity, where it can now scale India solutions globally

Coforge aims to double revenue to $5 bn by 2030, says CEO Sudhir Singh

The mid-tier IT firm plans to drive growth through large deals, AI investments, acquisitions and expansion in healthcare, public-sector and GCC businesses

TCS to take additional $70 million blow from DXC Technology case in US

The suit accused TCS of exploiting software access granted to Transamerica employees, who were transferred to TCS in a $2 billion deal

US govt's curbs on Anthropic models reignite calls for sovereign AI

The US move to restrict access to Anthropic's latest AI models has intensified concerns over AI sovereignty and technology dependence in India

EY GDS launches flagship AI-focused client experience centre in Bengaluru

The ey.ai Center for Reimagination is part of EY's $1.4 billion AI investment plan and aims to help organisations translate AI ambitions into large-scale business transformation

Anthropic unveils Claude Fable 5, limits access to advanced Mythos model

The AI firm says Fable 5 sets a new benchmark across tasks, while access to Mythos 5 remains limited due to concerns over its advanced cybersecurity capabilities

Enterprise AI adoption low due to high token usage, low RoI: Cognizant CEO

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

AI is rewiring the software industry by collapsing traditional workflows

Autonomous agents are shortening project timelines and changing how people work in the sector, reports Avik Das

Goldman Sachs Services India head Gunjan Samtani to retire this year

Samtani, who spent 16 years with Goldman Sachs and nine years in his current role, will be succeeded by Ken Castelino and Balaji Sivasubramanian as co-heads

Demand for forward deployed engineers surges as companies adopt AI

Demand for forward deployed engineers is soaring as enterprises and AI firms seek specialists who can bridge business needs and accelerate AI adoption

IT major Wipro CEO Pallia's salary down 15.7% to $5.29 million

The decline in Srini Pallia's compensation was primarily due to lower variable pay, as IT firms continue to navigate a challenging demand environment