Page 3 - It Firms

IT firm Happiest Minds Technologies announces top leadership changes

The company said that Joseph Anantharaju, who was the executive vice-chairman, president and chief executive officer of the PDES division

IT firm Happiest Minds appoints Joseph Anantharaju as CEO, Co-chairman

IT company Happiest Minds Technologies on Wednesday announced apex-level changes in its organisation structure, effective immediately. Joseph Anantharaju has been elevated to Co-Chairman and CEO of the Bengaluru-headquartered firm, according to a company statement. He will now head all business divisions of the company: Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS). Earlier, he served as the executive vice chairman, president & CEO of the PDES Division up till now. Its Chairman Ashok Soota will now take up an additional position as the Chief Mentor. Venkatraman Narayanan will continue as the MD & CFO of Happiest Minds. He will head the finance, talent acquisition, internal IT, learning & development, ESG, CSR, procurement and administration teams. Anantharaju and Narayanan will be jointly responsible for M&A and Board matters, the statement said, adding that they will ...

Explained: Why Infosys, Cognizant are battling it out in a US court

Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

IT major HCLTech to use AI to improve Children's Minnesota's operations

"We are proud to partner with Children's Minnesota as they embark on a digital healthcare evolution," said Shantanu Baruah, executive vice president of healthcare at HCLTech

Tech companies commit to invest Rs 25,640 crore in MP, create 183K jobs

Technology companies across segments have committed to investing Rs 25,640 crore in Madhya Pradesh that will lead to creation of over 1.83 lakh employment opportunities in the state, an official statement said on Tuesday. The commitments were received from 35 entities during the IT and Technology Summit at GIS 2025. "The state secured a total investment of Rs 25,640 crore across various technology sectors, creating approximately 1,83,400 employment opportunities," the statement issued by the Madhya Pradesh government said. Major investment commitments of Rs 12,350 crore have come in the space of electronics manufacturing from eight entities with promise to generate employment for 14,000 people. With investment of Rs 5,500 crore, IT and ITes entities have promised to be the biggest job generator in the state with 93,000 employment opportunities, followed by GCC (global capability centres) investment of Rs 700 crore that will create 40,500 jobs in the state. "Madhya Pradesh stands a

Data centre boom, GCCs to boost Black Box topline in FY26, says CEO

According to Gartner, global IT spending is projected to reach $5.7 trn in 2025. Of this, IT infrastructure spending is expected to be $600 bn to $750 bn

CGOs take centre stage at IT services companies amid growth challenges

Companies such as Tech Mahindra, HCLTech, LTIMindtree, US Technologies, and Persistent Systems already have growth officers who report to their chief executives

Google X founder Sebastian Thrun calls for balanced AI regulation

Sebastian Thrun, founder of Google X (Google's research arm), on Thursday emphasised the need for responsible AI regulation, assuring that the technology will complement rather than replace human workers. Speaking during a thought-provoking session titled "Pioneering AI: From Imagination to Real-World Impact" at the Global Investors' Meet, he discussed the evolving role of AI and its impact on regulation and job markets. Thrun addressed the issue of AI regulation, acknowledging its importance but cautioning against overregulation that could stifle innovation. "Regulation is necessary, but it must not hinder research," he said. "It's not right to control a technology before it has even had the chance to develop. Proper regulation should only step in when there's misuse," he added. He highlighted that countries like China and the European Union are already regulating AI, whereas India has yet to establish formal measures, he said. "Indian CEOs are incredibly tech-savvy and visionar

Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25

The Nasdaq-listed firm reported a revenue growth of 6.7 per cent for the fourth quarter

TCS cuts quarterly variable pay for senior staff despite return to office

This marks the second consecutive variable pay cut at TCS for senior employees despite adherence to the work-from-office directive

US-based Cognizant sees headcount decline by 10,700 to 336,800 in Q4

Cognizant results: The US IT giant, that follows a Jan-Dec financial year, reported $19.7 billion in revenue at the end of 2024

TCS employee strength shrinks by 5,370 in Q3 after 2 quarters of growth

TCS has already begun its process for campus hiring in the next financial year, stating that it will continue to grow its quality talent

Bandhan Financial Services acquires Genisys Group, expands global footprint

The acquisition will help Bandhan Group expand its global footprint with new offices in the US, UK, and India, significantly enhancing its presence in these markets

LTIMindtree Q2FY25 results: Net profit increases 7.75% to Rs 1,251 cr

Its revenue for the quarter under review came in at Rs 9,432 crore, 5.91 per cent higher than Rs 8,905 crore in Q2 FY24

Indian shares hit record highs helped by gains in IT and consumer firms

The consumer goods index was up 0.4 per cent and was among the top gainers of the 13 major sub-indexes

IT staffers' FY25 average salary hikes likely to be 5.5-8%, say experts

Experts say top performers may continue to see increases ranging from 12-18%

BSE defers IT services firm Trafiksol's IPO after investors' concern

Company's issue had garnered bids over Rs 10,000 cr; participants approached Sebi alleging irregularities

Gen AI boosting productivity of Indian IT industry's rising niche: TCS exec

Generative AI has taken centre stage in the space and clients are replanning budgets and product features, Chakravarti said

France's Atos cuts financial targets, says restructuring still on track

Atos said it now forecast a full-year 2024 group revenue of 9.7 billion euros ($10.72 billion), down from 9.8 billion euros previously estimated