Page 2 - Avik Das

Snowflake says no plans to launch R&D centre in India now

A small percent of Snowflake's revenue comes from India now, considering Asia Pacific and Japan (APJ) contribute just six percent to the topline, while almost 80 percent comes from the US

Labour codes: IT firms face 5-10% payroll hike, may rejig HR systems

The Indian IT/ITeS sector is one of the largest employment generating sector. The industry is expected to have an employee base of 5.8 million in FY26, according to UnearthInsights

EY survey flags limited global leadership roles in Indian GCCs

Out of the GCCs surveyed, 80 per cent reported less than 10 per cent of leadership roles based locally, underscoring the need to accelerate leadership localisation for greater strategic influence

India should focus more on mkt-based research: Infosys cofounder K Dinesh

India must boost R&D spending and focus on market-oriented research to compete globally, as ISF honours six scientists with the Infosys Prize 2025, says K Dinesh

India's data centre rush hits a roadblock: Cooling in a water-scarce nation

Companies are rushing to build data centres in India, bringing billions in investment, but a key sustainability challenge looms: cooling these power-hungry facilities in a water-scarce country

Sarvam likely to unveil India's maiden sovereign AI model by February

Sarvam AI co-founder Vivek Raghavan said India's first sovereign LLM is likely to debut before or during the India AI Impact Summit, with the model trained on trillions of tokens

Bengaluru Tech Summit 2025: 'Look beyond coding, focus on products'

At the Bangalore Tech Summit, industry leaders said India must move from a coding-focused services model to product-led innovation, strengthening deep tech, AI and semiconductor capabilities

Karnataka plans ascent into India's space orbit with $22 billion target

State eyes $3 bn in investment and a 50% national share as it ramps up upstream, downstream activities

Infosys launches AI-first GCC model to accelerate enterprise transformation

Infosys aims to help companies build AI-powered global capability centres through an end-to-end GCC model focused on innovation, scalable talent and operational readiness in an AI-first ecosystem

DPDP Act: IT services firms likely to have a short learning curve

Despite higher compliance costs, India's top IT firms expect minimal disruption from DPDP Rules 2025, leveraging years of experience with global data-privacy frameworks

Waiting for a reboot: Bengaluru's transport woes and the path to solutions

The third of a six-part series looks at Bengaluru's transport challenges and the way forward to resolve some of them

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