Sai Ishwarbharath

The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit centre.

The Bengaluru-based firm will now work with Świąteks team to build an advanced data analytics and video dashboard powered by artificial intelligence (AI) to aid her training and match strategy as a part of their multi-year collaboration.

Karthik Narain, designate group chief executive of technology at Accenture, said cloud and data analytics are some of the offerings that are getting “bundled” into the bookings as companies are trying new operating models and pricing models.

According to data from TeamLease, the Indian IT sector will hire 40% fewer freshers compared with FY23, when they onboarded 2,50,000 engineers. Usually, by August-September, the IT majors begin their campus placement processes but have been absent from campuses this placement season.

Though the top tier firms have been announcing large deal wins over the past few weeks, brokerages believe they are unlikely to translate into a major change in revenue growth forecast of the Indian IT firms.

Indian IT services firms have already captured around 6-7% of the market, largely across major technology spenders such as governments, banking and financial services, retail, mining etc offering e-government solutions, integrated infrastructure, platforms, security etc.

The trial involving two former Cognizant executives in a bribery case has got delayed as a key witness Srimanikandan Ramamoorthy's passport has been held by the Enforcement Directorate in India which is investigating the same case.

The Bengaluru-based information technology firm had postponed the hikes, due in September, by a quarter due to macro headwinds and margin pressure.

India's top software exporters, including TCS, Infosys, and HCLTech, are expected to see a decline of nearly 50,000 employees this financial year due to a challenging global environment for technology services. The companies had added 70,000 people last year and hired 150,000 in FY22 due to increased demand for digitization during the pandemic.

Guests widely shifting to online payments is threatening tip culture, hurting employees income