Page 7 - Avik Das

Cognizant may cut 7,000-15,000 jobs as part of its Project Leap programme

Cognizant may cut up to 15,000 jobs as it pivots to an AI-led model, reflecting deeper shifts in IT services economics and weakening demand

Massive traction in AI services revenue: Infosys CEO & MD Salil Parekh

Infosys sees strong traction in AI services as enterprises adopt AI gradually, with large deals, resilient pricing, and sectoral growth driving optimism

Cognizant plans AI-led restructuring, to spend up to $320 million

Cognizant plans layoffs and restructuring under Project Leap, focusing on AI-led transformation, productivity gains, and cost savings amid a challenging macro environment

70% clients shielded from West Asia war, says LTTS CEO Amit Chadha

LTTS, an engineering research and development (ER&D) company, reported an 8.3 per cent rise in revenue in the fourth quarter but its dollar revenue growth was flat at 0.3 per cent

Infosys profit grew 21% in Q4; pegs revenue growth for FY27 at 1.5-3.5%

The firm posted a 20.9 per cent year-on-year (Y-o-Y) increase in net profit to ₹8,501 crore for Q4, while revenue rose 13.4 per cent to ₹46,402 crore

Top 5 IT cos' net hiring down for FY26; uncertainties to continue

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

Tech budgets will not rise much, says Persistent CEO Sandeep Kalra

Tech budgets set for modest growth as macro pressures persist, with firms prioritising AI, data readiness, and high-impact digital investments

Responsibility, trust crucial for AI systems: Anthropic India head

Anthropic bets on responsible AI and trust-led development to scale in India, as demand for safer, reliable large language models grows across enterprises

Enterprise AI adoption held back by skills gap, says Nutanix AI chief

Nutanix Chief AI Officer Debojyoti Dutta says enterprises are struggling to deploy AI at scale due to a shortage of skilled professionals, even as adoption shifts from pilots to production

HCLTech Q4 results: Net profit up 4.2%; slow start to FY27 flagged

Client cutbacks, macro jitters trim growth expectations

The conduct conundrum in corporate India despite robust POSH frameworks

Recent controversies show companies struggle to embed acceptable conduct into culture

Cognizant CEO's compensation grew 28% to $21.5 million last year

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

Wipro Q4 results: Net profit dips 1.9%, signals weak growth outlook

Wipro reports marginal Q4 profit decline and muted revenue growth, flags weak Q1FY27 guidance amid geopolitical uncertainty and slow ramp-up of large deals

Wipro announces ₹15,000 crore share buyback, offers 19% premium

Wipro plans Rs 15,000 crore share buyback, its largest ever, offering 19 per cent premium to market price as it looks to reward shareholders and support stock performance

After TCS Nashik case, other IT firms caught in social media storm

A post on X alleged that many girls were complaining of jihadi harassment at Infosys' BPO office in Pune. The post, which did not give any details, was deleted later

Databricks targets $1 billion revenue in India: Kamalkanth Tummala

Tummala, who joined last year from Salesforce, explained Databricks has done "exceptionally well" for any new company in India when it comes to engineering

Nasscom calls TCS incident isolated, reiterates IT sector safety norms

Nasscom says the TCS harassment case is isolated and not reflective of the IT industry, reiterating strict safety norms, governance frameworks, and zero tolerance for misconduct

Sovereignty equals autonomy in a hybrid world: IBM's Hans Dekkers

IBM's Hans Dekkers says enterprise AI adoption hinges on data control, hybrid cloud strategies, and domain-specific models, with digital sovereignty defined by autonomy, not just data localisation

With AI, GitHub aims to have a billion software developers: Kyle Daigle

GitHub says AI agents are redefining software development, enabling developers to build, test and deploy faster as India emerges as its second-largest hub

Wipro to consider share buyback proposal at board meet next week

Company's board to evaluate buyback proposal alongside Q4 results amid weak stock performance and concerns over AI-led disruption in IT services