Page 7 - Shivani Shinde/undefined

H-1B visa uncertainty adds to Indian IT services industry's woes

In an interview with Fox News, Lutnick said he was involved in revamping the H-1B visa system

TCS forms new AI and services transformation unit, Amit Kapur to lead

TCS has created a new AI and services transformation unit under Amit Kapur, consolidating its AI strategy and accelerating innovation, client engagement, and digital transformation

Sajith Sivanandan appointed Tata Digital CEO & MD, to take over on Sept 1

He will have to gear up the company to better compete with ecommerce players like Amazon and Flipkart as well as quick commerce players Zepto, Blinkit and Instamart

OpenAI to launch first India office in Delhi this year as user count surges

Company has established a legal entity in the country and is hiring a dedicated local team

Where your data resides is a fundamental question: IBM's Hans Dekkers

IBM Asia Pacific head on India's data sovereignty push, AI adoption, and cloud evolution

First made-in-India chips to hit market by end of year, says PM Modi

PM Modi calls for India's self-reliance in technology, urging the youth to create homegrown platforms and innovations, highlighting India's progress in semiconductors, UPI, AI, and cybersecurity

Infosys sets up JV with Telstra; to acquire 75% stake in Versent Group

Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group

Salesforce merges CFO, COO roles as leaders embrace AI strategically

Robin Washington says merging CFO and COO functions improves business insight; Salesforce study finds APAC CFOs rapidly adopting AI for growth and efficiency

AI firm Fractal Analytics files DRHP, eyeing to raise ₹4,900 cr via IPO

The IPO comprises a fresh issue of equity shares aggregating up to ₹12,79.3 crore and an offer for sale of equity shares aggregating up to ₹3620.7 crore

Sabyasachi to offer 18-carat fine jewellery through Tata CLiQ Luxury

Asthana added that the tie-up will extend the Sabyasachi experience digitally to over 20,000 zip codes without compromising storytelling or service

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

Gen Z prefers emotionally resonant, interactive news: Google-Kantar

A Google-Kantar report shows Gen Z values credible, relatable, and visually rich news, with social media and video platforms driving most content discovery

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

Autodesk brings regional offering to India, enables local data storage

Autodesk now offers India as a primary data region, enabling AECO firms and public entities to meet regulatory needs with secure, local cloud storage and collaboration

TurboHire raises $6 mn Series A to scale AI-led hiring platform globally

TurboHire plans to strengthen product capabilities and expand its global reach after securing $6 million in Series A funding led by venture capital firm IvyCap Ventures

Bulk of TCS layoffs may take effect this qtr, affecting over 12K employees

Severance packages range from 3 to 5 months' salary, depending on seniority

Nasscom predicts workforce rationalisation as IT industry transitions

Nasscom expects workforce rationalisation as IT services transition to a product-aligned delivery model, driven by AI and automation. TCS's recent layoffs signal changes in the sector

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

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

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