Page 6 - Avik Das

LTM offers to buy Randstad's Europe, Australia businesses for 160 mn euro

The acquisition will help LTM expand its AI, engineering and cybersecurity capabilities in Europe and Australia while strengthening its presence in aerospace, defence and financial services

Wipro's long wait for a turnaround continues after more than a decade

Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue

GCCs trump IT services sector in net hiring for third consecutive year

India's global capability centres added nearly 200,000 employees in FY26, outpacing the IT services sector as firms accelerated in-house technology operations and AI-led transformation

Piper Serica launches ₹800 crore Bharat Tech Fund for deep-tech startups

Mumbai-based asset manager plans to invest in 22 semiconductor, defence, AI and space-tech startups through Series A and B rounds over a six-year holding period

TCS rolls out average salary hikes of 6-8% for employees in India

High performers, employees in the top-rated A+ category, have received hikes of more than 10 per cent, the sources added

L&T Technology Services aims to double AI patent filings in three years

LTTS plans to expand its AI and GenAI patent portfolio to 500 filings over three years as it sharpens focus on engineering innovation and enterprise AI adoption

TCS CEO K Krithivasan's remuneration rises 6% to ₹28.1 crore in FY26

TCS chief executive officer K Krithivasan's remuneration rose to ₹28.1 crore in FY26, while the company said employee salary increases remained aligned with market trends

Kaynes Technologies Q4 result: Profit down 21.5% at ₹91 cr, revenue up 26%

The steep drop in profit was mainly due to higher raw material cost, employee expense and tax

Gold loses its sheen on import duty hike, jewellery stores feel the pinch

Prime Minister Narendra Modi on Sunday appealed to Indians to reduce their gold purchases for a year in a move to encourage foreign exchange savings amid the crisis in West Asia

Fractal cofounder sees opportunity in partnering OpenAI, Anthropic

Fractal co-founder Srikanth Velamakanni said the company expects to benefit as OpenAI and Anthropic accelerate efforts to embed AI tools across enterprise workflows

'Need to play our part': India Inc backs PM's call, but cautious on WFH

Companies still weighing work from home appeal

West Asia crisis to hit Indian GCC sector: Nasscom president Rajesh Nambiar

Nasscom president Rajesh Nambiar warned that a prolonged West Asia crisis could delay global firms' GCC investment decisions in India

For Indian IT, OpenAI, Anthropic may redraw enterprise tech battle lines

OpenAI and Anthropic's PE-backed AI services push could challenge traditional IT firms as model companies move closer to enterprise workflows and execution layers

Banking sector buckles up to tackle rising cybersecurity risks from Mythos

Global regulators and Indian banks race to strengthen cybersecurity as Anthropic's Claude Mythos raises fears of AI-powered systemic financial attacks

GCCs have to focus on what is needed in the future: Ramkumar Narayanan

FIS says GCCs must evolve beyond support roles by building future-ready talent, expanding global leadership and scaling trusted AI adoption

KPIT Technologies founder and chairman Ravi Pandit passes away at 76

Ravi Pandit co-founded KPIT Technologies with Kishor Patil in the 1990s and helped build the firm into a global automotive software and mobility solutions company

Hexaware Q1 net rises 7.5% to ₹351.6 cr, revenue up 12.6% at ₹3,613 cr

Hexaware Technologies reported a 7.5 per cent rise in first-quarter net profit and maintained its annual growth guidance amid strong AI-led deal momentum

India's GCC revenue nears $100 billion as AI drives sector growth

India's GCC ecosystem crossed 2,000 centres and generated nearly $100 billion in revenue in FY26, driven by AI adoption, higher-value work and skilled talent

Slower growth, tougher macro jeopardise salary hike cycles for IT cos

Economic uncertainty, slower growth and pressure on margins are prompting IT services firms to delay salary hikes and offer lower increments, impacting employee morale across the sector

'Over the moon excited' by India's growth, says Apple CEO Tim Cook

Apple bets big on India's rising middle class as strong iPhone sales and exports make the country a key growth and manufacturing hub