IT Industry

Kunnumal replaces Milind Lakkad, who is stepping down upon his superannuation

Hiring is likely to remain low until growth momentum picks up by the end of FY26

While the Indian IT industry says AI will create more jobs than it extinguishes, there could be short-term pain and entirely new business models will be required in the long term

Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25

India's second-largest IT services company had onboarded about 1,000 engineering graduates in October. Trainees get three attempts to clear the assessment, failing which they are asked to leave

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

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

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

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

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

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

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, ...

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

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

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

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

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

Growth was primarily driven by the Technology and Sustainability segments

"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"

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