Page 2 - Avik Das

IDTA looking to invest $10-$15 million in every startup across sectors

Kumar, former India head of KPMG, said Celesta will bet on start-ups in the space and biotech sectors while also looking out for AI companies that work with global capability centres (GCCs) in India

KPIT Q2 profit falls 17% to ₹169 crore on JV losses, revenue up 8%

KPIT Technologies' quarterly profit fell 17% due to joint venture losses, but revenue rose 8% on strong growth in connected and autonomous vehicle segments and improving demand in Europe

Superintelligence can result in catastrophic risks, warns OpenAI

Superintelligence typically refers to machines being more intelligent than the smartest humans

Hackathon way of hiring: IT firms seek engineers with practical skills

Real-world problem-solving events are replacing conventional placements, giving IT firms a stage to recruit engineers for their practical skills

Goldman Sachs promotes 49 people from India as managing directors

Goldman Sachs has promoted a record 49 executives from India as managing directors, reflecting the growing importance of its Bengaluru technology hub in the firm's global structure.

Hexaware acquires CyberSolve for $66 mn to strengthen cybersecurity play

Hexaware Technologies will acquire US-based CyberSolve for $66 million to expand in identity access management and cybersecurity services amid a surge in AI-driven global cyber threats

OpenAI's IndQA to deepen focus to contextualise Indian languages

OpenAI's IndQA evaluates AI reasoning across 12 Indian languages and 10 cultural domains, marking its first benchmark tailored to India's linguistic and cultural diversity.

Nasdaq-listed Cognizant shows growth stability under CEO Ravi Kumar

Just three years ago, Infosys had almost caught up, reducing the revenue difference from $3 billion to just a few hundred million dollars

Mphasis Q2 profit rises 10.8% to ₹469 cr on strong AI-led deal wins

Mphasis posts double-digit growth in Q2 FY26 with net profit up 10.8 per cent to Rs 469 crore and $528 million in deal wins; BFS pipeline rises 45 per cent on AI-driven demand

Happiest Minds targets $50 mn Gen AI revenue over next three years

Happiest Minds expects $50 mn revenue from generative AI over the next three years, with 22 scalable projects in play. Q2FY26 profit rose 9% to ₹54 crore on 10% revenue growth

Target lays off 150 employees in India as part of global corporate job cuts

US retailer Target is cutting 150 jobs at its India capability centre as part of a global layoff of 1,800 corporate roles

Wipro to ring NYSE bell on October 31, marking 25 years of listing

Rishad Premji and Srini Pallia to lead Wipro's leadership team at NYSE on October 31 as the company celebrates 25 years of listing and 80 years since its founding

Cognizant looking to list on Indian exchanges, says IT firm's senior exec

Cognizant CFO Jatin Dalal said the company is evaluating a primary offering and secondary listing in India, potentially becoming the first foreign IT major to list on Indian bourses

Nasdaq-listed Cognizant lifts revenue guidance on strong client spending

Strong Q3 revenue growth and client investments in digital modernisation drive optimism

Too early to decouple revenue, headcount, says Coforge CEO Sudhir Singh

The inextricable link between revenue and employee strength is a metric that has been used for the last three decades as a barometer of the health of the $284 billion industry

AI and energy have symbiotic ties, says Chevron India's Akshay Sahni

The $1 billion facility uses artificial intelligence to automate workflows, improve drilling efficiency, & create digital twins of LNG plants, marking Chevron's largest tech investment outside the US

Freshers back in demand as IT companies revive campus hiring drive

Infosys, HCL, and Wipro ramp up fresher intake as AI reshapes skills demand and hiring shifts from 'hire to train' to 'train to hire'

Infosys promoters opt out of ₹18,000-cr share buyback, retain holdings

Promoters including Narayana Murthy and Nandan Nilekani won't take part in Infosys' Rs 18,000-crore buyback, the company's largest in a decade, citing prior intention

LTTS expects headcount drop in third quarter as more work gets automated

AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26