Page 9 - Avik Das

Sonata Software sees Q4 revenue hit as top client pushes AI automation

Sonata Software's top client automating large parts of its outsourced business has led to a bigger-than-expected revenue fall and raised uncertainty over future growth

Uber says Gen AI, agentic AI boost engineers' productivity, cut delays

Uber is using generative and agentic AI to speed up operations like driver onboarding, customer support and engineering development across its tech hubs

Accenture pushes back hike cycle to June, to promote 15,000 in India

Accenture shifts appraisal cycle to June citing economic uncertainty and US contract cancellations; 50,000 employees to be promoted globally including 15,000 in India

TCS gets Rs 2,903 crore BSNL order for 4G rollout at 18,685 sites

BSNL places Rs 2,903 crore APO with TCS for planning and maintenance of 4G network; Tejas Networks to supply RAN equipment worth Rs 1,525 crore

India likely to see at least 30 GCCs with billion-dollar revenue this year

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Infosys asks Bengaluru employees to work from home due to heavy rain

In an internal email, Infosys stated that employees may choose to work from home in coordination with their respective managers, given the forecast of continued heavy rainfall over the next 24 hours

Evolve or perish: Agentic AI set to disrupt software testing roles

The Indian IT sector currently has over 375,000 active professionals in testing and QA/QC functions across experience levels, according to data sourced from specialist staffing firm Xpheno

India's tech capital, Bengaluru, still has no answer to rain woes

The city received about 103 millimetres of rainfall over the past 24 hours, according to reports by the India Meteorological Department

Foxconn to ship iPhones from Bengaluru factory to US starting June

MB Patil says Apple's Devanahalli unit will begin commercial iPhone shipments in June, boosting Karnataka's role in global supply amid US-China trade pressures

India's AI talent pool over 400,000 strong, but gaps exists

Between March 2024 and March 2025, three categories of roles have become prominent in the AI landscape

Infosys trims variable bonus payment to 65%, cites business condition

Most IT services companies expect near-flat growth in FY due to macroeconomic uncertainty

Cognizant says winning large and mega deals regularly helping growth

With 24 large deals won last year and four in Q1, Cognizant says its ecosystem for securing mega contracts is key to regaining a top-four global IT services ranking

Growth of mid-tier IT firms outshone that of larger rivals last year

Most of these firms focus on niche biz that allows them to expand wallet share

Happiest Minds eyes double-digit growth in FY26 despite challenges

IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus

LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm

Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement

India to soon have about 50% of Swiss Re's global tech talent: Amit Kalra

Over the last three years, Swiss Re globally went through an internalisation drive in the tech domain

Double contribution deal won't spur a spike in Indian IT workers sent to UK

Despite tax savings from UK-India FTA's social security waiver, analysts say high costs and limited incentives may not significantly boost Indian IT deployments to the UK

AI adoption still in early stages for most global enterprises: Accenture

Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

From support hubs to the core, GCCs take lead in biz outcome, leadership

India's GCCs are evolving into strategic hubs, producing CXO-level talent as leaders drive global innovation, operations, and transformation from centres in the country