Page 9 - Avik Das

FY26 likely to be another slow year for IT companies, say analysts

Analysts say possibility of hitting high single-digit revenue growth looks unlikely

India-UK trade deal: Double contribution pact to smoothen ops for IT cos

So far, Indian professionals working for a limited period in UK contributed to the country's social security funds, but they would not get benefits as they would return once the project is completed

IT major Infosys raises growth guidance, buoyed by strong deal pipeline

Revenue was up 7.5 per cent to ₹42,279 crore, supported by strong deal wins in financial services and manufacturing businesses even in a subdued macroeconomic environment

Attrition, hiring at IT companies continue to float on choppy waters

This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity

India's top IT firms have more than 250,000 highly skilled AI employees

Tata Consultancy Services (TCS) has about 114,000 people with higher order AI skills, which the company believes will allow it to create a 'skills pyramid'

Wipro keeps IT momentum going; Q1 profit rises 10.9% to ₹3,330 crore

Guidance for the second quarter improves

IT employees' union says TCS bench policy 'coercive' and 'punishing'

35-day bench rule pressures employees and promotes a culture of fear, says NITES

Wipro yet to decide on salary hikes, cites weak demand environment

Wipro delays salary hike decision amid global uncertainty and subdued demand; attrition rises to 15.1% and hiring remains cautious despite higher variable payouts

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

Rising cloud costs, security push some firms back to on-premise infra

The shift, called cloud repatriation, involves moving applications, data, and workloads from a public cloud environment back to on-premises infrastructure, private clouds, or other hosting environment

Tech Mahindra Q1 profit up 34% at ₹1,140 crore, revenue rises 2.7%

Revenue for the quarter increased 2.7 per cent to ₹13,351 crore, helped by communications and banking financial services and insurance (BFSI) business

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