Page 8 - Avik Das

Coforge edges past rivals in a hotly contested mid-tier IT services market

According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis

There is a lot of hype about agentic AI, says SAP CTO Philipp Herzig

SAP Labs India ramps up AI innovation in India with new Bengaluru campus; key work on joule, generative AI, and enterprise solutions now led by 15,000-strong local team

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

GCC business contributes 10% to Coforge revenue amid growing demand

Maddee Hegde, executive vice president and head of the company's business process service (BPS) and GCC units, told Business Standard in an interaction-Coforge is focusing in its core verticals

Costly middle layer faces the axe amid India's IT sector layoff drill

According to data from specialist staffing firm Xpheno, more than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms over the past 12 months

IT sector braces for slower growth trajectory as US tariff tensions mount

Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month

SAP Labs opens second campus in Bengaluru with €194 mn investment

The new facility will host 15,000 employees as SAP strengthens its AI-led R&D footprint in India, its largest base outside Germany, aiming to double client productivity

TCS to roll out salary hikes for 80% of staff starting September 1

TCS had paused salary hikes in April citing macroeconomic uncertainty but will now revise pay for staff up to grade C3A, covering 80 per cent of its workforce

LTIMindtree gets ₹792 cr contract from IT dept to overhaul PAN services

"We have been awarded this prestigious PAN2.0 project which looks to enhance the PAN issuance process and security through technology-driven innovation," LTIMindtree said in a statement

For India's IT cos, growth in Europe may only be a temporary relief

Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors

Upskill or risk losing job: IT firms warn employees as AI takes hold

The $282 billion sector, employing around six million people, has long been one of the country's largest organised job creators

IT cos warn employees to reskill or risk losing jobs amid AI transformation

From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Nasdaq-listed IT company gains on performance of BFSI and health science verticals, and large deal wins

Cognizant undecided on salary hikes, plans rollout for most by year-end

Facing global uncertainty, Cognizant delays salary hike decision and targets second-half rollout while continuing to hire freshers and expand AI-driven roles

Cognizant Q2 net profit rises 14% to $645 mn on BFSI, healthcare gains

Cognizant posted 14 per cent rise in Q2 net profit to $645 million, with strong growth in healthcare and BFSI verticals and two mega deals boosting revenue

Happiest Minds tightens skill scrutiny as attrition climbs to 18.2%

As demand weakens and client expectations shift, Happiest Minds is enforcing tighter evaluations and reducing talent mismatch to align with growth and cost goals

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

TCS to lay off 2% of its workforce, impacting over 12,000 employees

This is the second time the company has announced a layoff. The last instance was in 2012 when the firm laid off around 2,500 employees due to underperformance

Labour ministry asks TCS to meet CLC next week to discuss onboarding delay

According to the letter sent by the ministry addressing the chairman and managing director of TCS, the meeting will be held on August 1