Page 6 - It Industry

Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency

GenAI making IT biz model outdated, says HCLTech CEO C Vijayakumar

IT major will hire more people at the entry level but need specialised skillsets

IT sector may see cautious salary hikes amid economic headwinds: Experts

Salary increments in India's USD 250 billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies. "The outlook for salary hikes this year is quite cautious," noted Krishna Vij, VP, TeamLease Digital. "Industry players are looking at increments in the 4 per cent to 8.5 per cent range, which is lower than what we've seen in previous years. This slowdown is largely due to global economic challenges, reduced discretionary spending, and shifting business priorities." Companies are being more conservative with their salary budgets, and many have even pushed their appraisal cycles beyond the usual April-June period, she

IT firm Capgemini expects flat growth in 2025 as demand remains weak

Growth in Capgemini's main markets, North America and France-which accounted for nearly half of the company's revenue in 2024-fell by 1.6 per cent and 5.8 per cent, respectively

Infosys to establish GCC for Lufthansa to drive digital transformation

The move shows how global airlines have been setting up GCCs in India over the last few years

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

Experts call for building digital infra to tap IT talent in small cities

With remote IT work expanding opportunities for professionals in Tier 2 & 3 cities, experts have called for investment in digital infrastructure and upskilling to connect talent with global projects. Experts have also hailed the government's move to set up five National Centres of Excellence for Skilling as a strategic move to align youths' capabilities with the demands of both domestic and international markets. Atul Soneja, Chief Operating Officer, Tech Mahindra, said, "The rise of remote IT work has notably expanded opportunities for professionals in Tier 2 and Tier 3 cities. This shift provides earning potential and promotes inclusive growth." To fully harness this opportunity, it is imperative to invest in robust digital infrastructure, offer continuous skill development programmes, and create platforms connecting talent from these regions with global projects, Soneja said. Ganesh Gopalan, co-founder & CEO, Gnani.ai said that to fully tap talent in small cities, ...

GenAI to boost India's IT industry's productivity by up to 45%: EY India

Top IT companies such as Tata Consultancy Services and Infosys have highlighted the use of AI by clients to do new projects and EY India said 89 per cent of them have started trialling GenAI projects

Good or bad: DeepSeek's ripple effect set to impact Indian IT industry

While DeepSeek's achievement democratises AI with its open-source model, these are early days to gauge its impact on the enterprise IT ecosystem, say industry experts

PwC survey: India CEOs focus on hiring, threat of tech disruption

The survey polled more than 4,700 CEOs across 109 countries, including more than 75 from India

Q3 FY25 results review: Little to cheer for in early-bird showing

RIL provides silver lining in otherwise lacklustre results by non-financial firms

From TCS to Infosys, December quarter IT results hint at a better FY26

While underlying growth continued to be weak in the quarter for most of the top players, what is giving confidence is the commentary that discretionary expenditure is coming back

L&T Technology Services Q3FY25 results: Net profit drops 4% to Rs 322.4 cr

Growth was primarily driven by the Technology and Sustainability segments

Consulting industry for developing GPU, says Minister Ashwini Vaishnaw

"We expect the first made-in-India chip to roll out in August-September 2025 from Micron plant... the first fab plant will roll out by 2027 end"

HCLTech Q3 net profit up 5.5%, lower end of revenue forecast raised

The company's revenue from operations for the quarter under review came in at Rs 29,890 crore, 5.07 per cent higher than Rs 28,446 crore in Q3 FY24

Sovereign AI: GovAI emerges as the core to secure economic, national future

India's Sovereign AI ambition will need the support of Prime Minister Narendra Modi, just as he has championed Digital India and the Semiconductor Mission

Infosys countersues Cognizant, its CEO in battle over misuse of information

Infosys, which filed this suit in the Northern District of Texas, has requested a jury trial and demanded triple the damages it claims to have suffered

Q3 results preview: TCS to Wipro, IT firms may post better revenues

Optimism on revenue growth based on projected improvement in technology spending in CY25

Tech giants Infosys, TCS among top 5 global H-1B visa beneficiaries

Account for over 41% of visas along with Cognizant, HCLTech

The India story: 25 years of transformation in Indian tech landscape

This series looks at India's progress over the past 25 years and future directions. The first part highlights the country's IT expertise, which became a talking point globally as the millennium began