Avik Das
Avik Das
Page 7 - Avik Das
Cognizant CEO Ravi Kumar says firm back in top four IT services firms
Ravi Kumar said Cognizant has rejoined the top four IT services firms globally ahead of his 2027 target, supported by steady growth, large deals, and margin expansion
 "Cognizant CEO Ravi Kumar says firm back in top four IT services firms")
US' proposed HIRE law puts Indian IT firms, GCCs in a fix: Experts
This could not have come at a worse time because the IT companies are already under pressure for low single-digit growth for two consecutive years due to weak macroeconomic environment
 "US' proposed HIRE law puts Indian IT firms, GCCs in a fix: Experts")
Bengaluru hosts half of India's mid-market GCCs, says Zinnov-KDEM report
Such smaller GCCs now make up about 27% of the country's total GCC ecosystem
 "Bengaluru hosts half of India's mid-market GCCs, says Zinnov-KDEM report")
Yotta Infrastructure may invest $1.5 billion for more Nvidia GPUs
Hiranandani-backed Yotta to double GPU capacity, fueling sovereign AI model development in India
 "Yotta Infrastructure may invest $1.5 billion for more Nvidia GPUs")
Trump supporters' bid to block IT outsourcing puts jobs, growth at risk
Trump's possible move to block US companies from outsourcing IT work to India threatens a $282 bn industry, risking jobs, exports, and tech delivery models
 "Trump supporters' bid to block IT outsourcing puts jobs, growth at risk")
UST sells subsidiary HealthProof for more than $1 bn to Bain Capital
UST will sell healthcare unit HealthProof to Bain Capital for over $1 bn and use proceeds to expand AI, cloud transformation, and data modernisation platforms
 "UST sells subsidiary HealthProof for more than $1 bn to Bain Capital")
High single-digit growth to still elude IT firms for some time: Cognizant
Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time
 "High single-digit growth to still elude IT firms for some time: Cognizant")
TCS announces 4.5-7% salary hikes, double-digit for top performers
TCS has resumed salary hikes with 4.5-7% raises for most staff and double-digit increments for top performers after delaying its annual review amid macroeconomic challenges
 "TCS announces 4.5-7% salary hikes, double-digit for top performers")
Not in a hurry to get GenAI agent to India: Walmart's Vinod Bidarkoppa
Walmart Global Tech in India has centres in Bengaluru, Chennai and Gurugram. Walmart earlier this year had also signed a deal to lease an area of 465,000 sq.ft in Chennai for five years
 "Not in a hurry to get GenAI agent to India: Walmart's Vinod Bidarkoppa")
Big Tech firms add 30,000 employees in India in past 12 months: Xpheno
Meta, Alphabet, Apple, Amazon, Microsoft and Netflix added over 30,000 jobs in India in the last 12 months, expanding headcount by 17% amid global restructuring
 "Big Tech firms add 30,000 employees in India in past 12 months: Xpheno")
Cyberattack becomes personal: How AI is making identity theft easy
India emerges as a key source of the cybercrime, prompting companies to strengthen their security systems and train employees
 "Cyberattack becomes personal: How AI is making identity theft easy")
AI agents helping Microsoft India's sales team boost revenue by 9%
Microsoft, which has about 25,000 engineers in India, has already said that a third of its code were written by GitHub co-pilot
 "AI agents helping Microsoft India's sales team boost revenue by 9%")
India to lead in frugal engineering, AI to resolve real issues: Nilekani
Infosys Chairman Nandan Nilekani says India will be the hub for applying AI and frugal engineering, citing Aadhaar, UPI and small language models as key to mass-scale adoption
 "India to lead in frugal engineering, AI to resolve real issues: Nilekani")
H-1B visa uncertainty adds to Indian IT services industry's woes
In an interview with Fox News, Lutnick said he was involved in revamping the H-1B visa system
 "H-1B visa uncertainty adds to Indian IT services industry's woes")
Albertsons looks to make in India for the global market: Sunil Gopinath
Gopinath talks about his strategies and priorities as Albertsons plans to hire about 1,000 employees in the next 18 months and what will fuel the next phase of GCC growth in the country
 "Albertsons looks to make in India for the global market: Sunil Gopinath")
Data protection rules likely by year-end, says DSCI chief Vinayak Godse
DSCI chief Vinayak Godse says this will pave way for rollout of the data privacy law
 "Data protection rules likely by year-end, says DSCI chief Vinayak Godse")
Vibe coding flips the script on IT hiring, opens doors for non-tech talent
IT cos seeking talent from non-tech backgrounds to tap into AI expertise
 "Vibe coding flips the script on IT hiring, opens doors for non-tech talent")
Kyndryl to invest $2.25 billion in India over the next three years
As part of the investment, the company will also establish an AI lab in the country, in addition to focusing on talent development
 "Kyndryl to invest $2.25 billion in India over the next three years")
Wipro acquires Harman's engineering R&D unit in $375 million deal
The acquisition will enhance Wipro's capabilities in domain-led design, connected products, and software platforms
 "Wipro acquires Harman's engineering R&D unit in $375 million deal")
Infosys gives 80% bonus to majority of employees for first quarter
Infosys has rolled out an average 80 per cent performance bonus for Q1, linked to employee ratings across PL4-PL6 levels, following stronger-than-expected quarterly growth
 "Infosys gives 80% bonus to majority of employees for first quarter")