Page 5 - It Industry

Cognizant gets 21-acre plot in Andhra for 99 paise to build IT campus

The land will be used for a ₹1,582.98-crore IT campus that Cognizant will build in Visakhapatnam, and which is expected to create about 8,000 jobs over a period of eight years

IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030

The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back

Mphasis signs Sixfold deal to boost underwriting through generative AI

Mphasis to integrate Sixfold's generative AI tools to help global insurers speed up underwriting, enhance accuracy and improve contextual risk decision-making

India's AI market to triple, reach $17 billion by 2027: BCG report

A Boston Consulting Group report attributes India's AI surge to rising tech investment, a strong digital ecosystem, demographic edge, and robust data infrastructure

Wipro opens Riyadh HQ, partners with PMU to boost Saudi tech talent

Wipro has shifted its regional headquarters to Riyadh and signed a pact with Prince Mohammad Bin Fahd University to launch a tech centre supporting Saudi Vision 2030

Cognizant wins two mega deals, eyes return to IT top four by 2027

IT firm doubles down on AI-led productivity and large transformation contracts

Wipro pays out 90% quarterly variable pay to most of its employees

That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment

HCLTech partners with UiPath to drive AI automation for global enterprises

The partnership will automate business processes with less need for human intervention, says HCLTech

Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs

Infosys CEO Salil Parekh's pay rose to ₹80.58 crore in FY25, despite slow growth in the IT industry

India likely to possess 46K graphics processing units in a fortnight

Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw

You should write code till late in life: Wayfair India's Rohit Kaila

Rohit Kaila talks about the centre's journey, how the lifecycle of a software developer is changing, and why an engineer must not stop coding

Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030

A senior official in the Ministry of Electronics and Information Technology (Meity) said: "We have just begun and have a long road ahead

Tata Consultancy Services emerges payout master in India's IT industry

TCS has cumulatively returned about ₹2.06 trillion to shareholders since 2020-21 (FY21), nearly matching its ₹2.07 trillion in net profit over the same period

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

Persistent, Coforge, and KPIT report double-digit growth while TCS and Infosys lag; faster AI adoption and sector focus help offset macroeconomic headwinds

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

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

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

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

Infosys to accelerate digital transformation at Yorkshire Building Society

Leveraging cloud, data, artificial intelligence, and cybersecurity solutions, Infosys will help Yorkshire Building Society achieve its 2030 strategic plan