Page 7 - Avik Das

Uncertain macro situation stifling discretionary spending: Wipro chairman

Things have not worsened for Indian IT industry but they have not got any better either, he says

InMobi expects Glance biz to catch up with advertising revenue in 2 years

To be sure, Glance already operates a lock-screen content and a product discovery platform. Besides this, the consumer business also includes Roposo, Nostra, and 1Weather with 350 mn active users

HCLTech Q1 results: Net profit slips 10% to ₹3,843 cr, revenue up 8.2%

Noida-based IT services exporter raises lower end of its guidance to 3-5% on constant-currency basis

Wells Fargo slashes about 400 jobs in 2 months in India; more may follow

Wells Fargo had three centres in India with Bengaluru, Hyderabad, and Chennai till last year, employing about 37,000 people

Hard for traditional BPM firms to invest big in AI: WNS CEO Keshav Murugesh

Keshav Murugesh discusses WNS's merger with Capgemini and the roadmap for AI-led intelligent operations

No clarity on FY25 salary hike, says TCS amid economic uncertainties

TCS has not decided on salary hikes for FY25 due to macroeconomic uncertainties and delayed deal closures, with an update expected once the situation improves, says HR head Milind Lakkad

Global capability centres not packing bags just yet for small-town India

Patchy infra and thin talent pool stall plans to shift beyond metros

Capgemini to acquire WNS for $3.3 billion in cash to boost AI capabilities

Capgemini acquires Mumbai-based WNS for $3.3 billion to scale agentic AI services and boost revenue, eyeing cross-sell synergies and access to key enterprise clients

India allocates additional ₹10,000 crore to support deep tech sector

The additional tranche part of Fund of Funds scheme to promote innovation, absorption of newer technologies and the deployment of newer tech in contemporary fields

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

TPG-backed Altimetrik buys SLK Software to expand services, boost revenue

The deal will help Altimetrik leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customer

Changing skill demands: Era of big bench strength at IT firms may be over

Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years

Growth to continue despite macro tensions: Infosys Chairman Nandan Nilekani

Nilekani admitted that artificial intelligence (AI), with all its possibilities and potential, creates an arc of uncertainty but he did not view it as a threat

Data analytics firm Tredence bets on GenAI to fuel growth over next 5 yrs

Backed by Advent International and Chicago Pacific Founders, Tredence raised about $205 million in two founding rounds till 2022

Cos aim to boost revenue with AI, not just reduce cost: Automation Anywhere

With agentic AI and automation, enterprises are now targeting topline growth over just cost savings, says Automation Anywhere, as adoption spreads beyond GCCs

We want to be a people-first organisation: Goldman Sachs CIO Marco Argenti

Engineers need to think about the problem first and not the solution, says Argenti

Clients should see growth through AI in the next few years: Rafee Tarafdar

Tarafdar spoke about Agentic Foundry, which develops AI agents for enterprises

IT union AIITEU slams TCS' 225-day billability and 35-day bench policy

The union calls TCS' new billability mandate and bench limit an anti-worker move that shifts responsibility from management to employees amid rising utilisation rates

AI experts divided over Apple's research on large reasoning model accuracy

A token budget for large language models (LLM) refers to the practice of setting a limit on the number of tokens an LLM can use for a specific task

Staff costs hurt India's global capability centres as maturity curve lags

Experts warn current trajectory could make several centres unsustainable