Romita Majumdar

Experts are of the view that while it's still hard for Indian companies to crack large US federal deals that are up for renewals over the next two quarters, there is a more positive attitude towards Indian-heritage suppliers.

Tech Mahindra on Monday announced the appointment of former Tata Consultancy Services CMO Rajashree R as its chief growth officer for strategic verticals in the Americas. The announcement was made through a social media post.

Though clients are not cutting down on the budgets in the ongoing fiscal 2024, they are optimising every aspect of the business since macro uncertainties remain, Subramaniam told ET in an interview.

The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.

The uptick in IT hiring comes after the macroeconomic slump in 2023 led to a massive headcount correction last year. However, experts caution that current requirements are only filling vacant roles not replaced over the past few quarters and that the numbers are still small.

IT midcap companies such as LTIMindtree and Persistent Systems said they are increasingly getting an opportunity to bid for bigger deals due to their strong execution. This was only open to large caps in the past. Experts said that while sectors like BFSI and hitech are down currently, there is good demand from healthcare and life sciences, manufacturing, and ER&D where the mid-tier companies have a good play.

Whatever the media has been carrying about Saudi Aramco pausing their expansion, etc., is something that you should expect when they implement a programme of $50 billion capex year on year, for three-four years in a row. It is to be expected that every now and then they will possibly take

In the fiscal third quarter, India's second largest IT firm Infosys said one of its US units was affected by a cyber security issue, resulting in the unavailability of several applications. In December, HCLTech reported a ransomware incident, adding that it had made no impact.

Global leaders echoed the sentiment that policymakers and regulators across the world must think of regulating AI in the next 5-10 years to prevent its misuse.

“If the attempts to squash open-source software succeed, almost all nations will simply be losers…the United States as well,” Andrew Ng, founder of DeepLearning AI, told delegates Wednesday at the Nasscom Technology and Leadership Summit in Mumbai.