IT Firms

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

Updated On: 06 Mar 2025 | 6:37 PM IST

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

Updated On: 04 Mar 2025 | 8:34 PM IST

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

Updated On: 28 Feb 2025 | 5:13 PM IST

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

Updated On: 25 Feb 2025 | 2:22 PM IST

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

Updated On: 19 Feb 2025 | 11:13 PM IST

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

Updated On: 17 Feb 2025 | 1:02 AM IST

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

Updated On: 13 Feb 2025 | 11:14 PM IST

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

Updated On: 07 Feb 2025 | 12:01 AM IST

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

Updated On: 06 Feb 2025 | 4:26 PM IST

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

Updated On: 06 Feb 2025 | 1:22 PM IST

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

Updated On: 09 Jan 2025 | 6:22 PM IST

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

Updated On: 05 Nov 2024 | 12:54 PM IST

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

Updated On: 17 Oct 2024 | 4:42 PM IST

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

Updated On: 26 Sep 2024 | 10:37 AM IST

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%

Updated On: 18 Sep 2024 | 11:00 PM IST

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

Updated On: 17 Sep 2024 | 11:53 PM IST

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

Updated On: 05 Sep 2024 | 4:29 PM IST

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

Updated On: 02 Sep 2024 | 12:26 PM IST

IT firm Ahead opens new office in Hyderabad, set to hire 500 staff by 2025

IT company Ahead has launched its new office in Hyderabad, where it plans to onboard 500 people by 2025, the company said on Thursday. It has already set up a delivery office in Gurugram last year, where it has 400 employees. "We are thrilled to announce our expansion into Hyderabad, a city renowned for its dynamic tech ecosystem and exceptional talent pool. "The talent pool located in Hyderabad complements our existing talent base in North India, enabling AHEAD to better meet client needs, especially on larger services engagements," Ahead India, Vice President and Managing Director Praveen Grover said in a statement. The company plans to increase its headcount to 750 this year and complete the hiring of 500 employees in Hyderabad by the end of 2025, Grover said. "By the end of next year, Ahead aims to hire over 500 employees in Hyderabad, leveraging the city's rich pool of skilled professionals and its growing reputation as India's premier IT hub. This strategic move is part of .

Updated On: 22 Aug 2024 | 9:24 PM IST

IT company TCS eyes 'Prime' campus talents with Rs 9-11 L offers

The need to secure such top talent is also driven by the fast-paced technological changes shaping the sector

Updated On: 14 Aug 2024 | 12:03 AM IST