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Gopinathan resigned from his position last week.
Updated : Mar 21, 2023

Will outgoing CEO Rajesh Gopinathan continue at TCS in an advisory role?

In a press conference right after announcing his resignation, Gopinathan also said that he would be willing to be a part of TCS “in his own way”.

BFSI has a major contribution to revenues of Indian IT companies like TCS, Infosys, and Wipro
Updated : Mar 20, 2023

TCS, Infosys Wipro: How Credit Suisse, SVB collapse can impact Indian IT sector

Data from IT companies' earnings reports show that BFSI is a major contributor to their revenues.The Indian Union Minister of State for IT, Rajeev Chandrasekhar, agrees that the revenues from BFSI can take a hit, but he is optimistic about the industry's outlook. 

Indian IT firms draw the bulk of their revenue from the banking, financial services and insurance sector
Updated : Mar 17, 2023

IT majors at risk! TCS, Infosys have highest exposure to US regional banks, says JPMorgan

TCS, Infosys, LTIMindtree might need to set aside provisions in the fourth quarter due to their exposure to SVB, says JPMorgan

TCS CEO Rajesh Gopinathan speaks about new leadership under K Krithivasan
Updated : Mar 17, 2023

'Transition will not be dramatic': Outgoing TCS CEO Rajesh Gopinathan speaks about new leadership under K Krithivasan

Rajesh Gopinathan, current TCS CEO, would be moving on from his current role and would be replaced by K Krithivasan.

The uncertain environment will impact new projects at the Indian IT sector
Updated : Mar 15, 2023

'Look back at 2008': How will Silicon Valley Bank collapse impact Indian IT sector? 

This collapse will slow down new builds, cause cost pressure, and further delay the onboarding of new employees in the IT sector, says Vineet Nayar, former CEO of HCL Technologies. 

Bhagwati Products in talks with top IT hardware brands for manufacturing, to invest additional Rs 10 cr
Updated : Jan 06, 2023

Bhagwati Products in talks with top IT hardware brands for manufacturing, to invest additional Rs 10 cr

Under the PLI scheme, Bhagwati is currently manufacturing laptops and tablets for Acer and Realme, along with a few smaller brands.

Smartflo along with WhatsApp Business Platform, provides an integrated omnichannel solution experience involving different channels and methods of connecting with customers and integrating them, the company said.
Updated : Nov 23, 2022

Tata Tele Business Services announces expansion of its cloud communication suite Smartflo with WhatsApp Business Platform

As per the company, this integration will help businesses map customer operational needs over multiple channels, while boosting customer experience with unified hyper-personalised interactions and multitouch attributions.

Over 53% IT professionals likely to resign to pursue new job within next year: Report
Updated : Oct 20, 2022

Over 53% IT professionals likely to resign to pursue new job within next year: Report

About 66 per cent of IT decision makers see skills gap in their teams even as there is a 10 per cent decrease from last year, according to Skillsoft's 2022 IT Skills and Salary Report.

Tech Mahindra said that it will provide digital engineering services to enable businesses to navigate digital transformation challenges
Updated : Oct 18, 2022

Tech Mahindra and Gujarat govt to hire more than 3,000 people in next 5 years

The Gujarat government has launched the Gujarat IT/ITeS Policy (2022-27), which plans to empower small and medium businesses in the state and cash on digital innovations.

IT hiring cools: TCS, Infosys & Wipro cut quarterly net employee additions by half in July-Sept
Updated : Oct 17, 2022

IT hiring cools: TCS, Infosys & Wipro cut quarterly net employee additions by half in July-Sept

Bengaluru-based Wipro has seen the sharpest decline of 94.7% from 11,475 net additions in July-Sept 2021 to 605 net additions in July-Sept 2022.

Sandip Patel, Managing Director, IBM India told BT that software and technology will continue to grow in double digits for the Indian operations.
Updated : Sep 15, 2022

IBM expects software and technology to grow at double digits in India, says its MD

Even on a large base, there is enough to be done in software and consulting, says the technology major’s India boss.

Apple launches Watch Ultra for Rs 89,900
Updated : Sep 07, 2022

Apple's Watch Ultra is finally here! Check out features and price

Apple Ultra Watch has been made from aerospace-grade titanium to provide the perfect balance of weight, durability, and corrosion resistance. The case rises up to surround all edges of the flat sapphire front crystal, protecting the Retina display, which is up to 2000 nits — 2x brighter than any Apple Watch display yet.

The e-Yantra Innovation Challenge also gives participants a platform to launch their own start-ups with incubation support from the IIT Bombay Incubator SINE.
Updated : Sep 05, 2022

IIT Bombay launches e-Yantra Innovation Challenge, winning teams to get seed funding from prize pool of Rs 1 cr. Details

According to IIT Bombay, this year’s theme gives young minds a platform to seek solutions for a better and more inclusive living experience for the urban populace. It takes into account climate change and better provisions for persons with disabilities (PwD). The Challenge allows students to form multi-disciplinary teams from different institutions and domains.

SourceFuse expects to double revenue to Rs 175 cr by March, hire 200 people in India (Photo: Reuters)
Updated : Aug 15, 2022

SourceFuse expects to double revenue to Rs 175 cr by March, hire 200 people in India

SourceFuse Co-CEO and Co-Founder Gautam Ghai told PTI that for the past three years, the company has been doubling revenue every year.

Infosys CEO Salil Parekh
Updated : Aug 09, 2022

IT spends in good shape; see continued strength in US, Euro markets: Infosys' Salil Parekh

The optimistic commentary from the Infosys management comes even amid talks that the global economy may be facing an increased risk of recession.

IT veteran Sanjay Jalona joins ChrysCapital as operating partner
Updated : Aug 02, 2022

IT veteran Sanjay Jalona joins ChrysCapital as operating partner

He will continue to base out of the US and will work closely with the advisory team, led by Akshat Babbar, in the sourcing, identifying, evaluation, management and exit related activities in relation to investments made in this sector.

Tech Mahindra net profit falls 16% to Rs 1,132 crore in June quarter
Updated : Jul 25, 2022

Tech Mahindra net profit falls 16% to Rs 1,132 crore in June quarter

It added 6,862 employees during the quarter to take its total headcount to 1.58 lakh.

ChrysCapital hires ex-L&T Infotech chief as operating partner
Updated : Jul 25, 2022

ChrysCapital hires ex-L&T Infotech chief as operating partner

Jalona has spent three decades in the IT services sector and as the CEO and Managing Director at Larsen & Toubro Infotech, he led LTI’s digital transformation into a technology and digital solutions company with client-centric innovation.

Sequentially, the net profit decreased 16.9 per cent from Rs 3,087 crore in the previous quarter (Q4FY22).
Updated : Jul 20, 2022

Wipro Q1 results: Net profit falls 21% to Rs 2,563 cr as overall expenses rise

Wipro's revenues rose 19 per cent to Rs 21,529 crore in the quarter under review as compared to Rs 18,252.4 crore in the same quarter last fiscal. 

Indian tech sector has also pumped in around $3 million more for K-12 initiatives, impacting 2.9 million students and teachers so far
Updated : Jul 14, 2022

Indian tech cos generated $103 bn revenue, employed 207K people in the US in 2021: Study

As per a report brought out by NASSCOM and IHS Markit, Indian technology companies are continuing to grow their presence in the US and have become a vital part of the US economy’s innovation progress.

Mindtree Q1 results
Updated : Jul 13, 2022

Mindtree Q1 results: Net profit rises 37% to Rs 471 cr; revenue up 36%

Sequentially, Mindtree's profit dropped marginally in Q1FY23 from Rs 473.1 crore in March quarter (Q4FY22).

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