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tcs: IT companies' telecom business revenue may stay under pressure through 2024

Data from Jefferies shows a cumulative 4.6% dip in sequential revenue from the vertical across IT majors, the highest vertical-wise dip compared to all other segments, while revenue from Banking, financial services, insurance (BFSI), which is the largest revenue contributor for the Indian IT industry — saw revenue declining by a lesser percentage — 0.8% during the same period. ....

Mrinal Rai , Tata Consultancy Services ,

TCS, Infosys, HCL Tech among IT biggies looking to hire 40% less this fiscal

TCS, Infosys, HCL Tech, Wipro and Tech Mahindra seem to be facing hiring challenges as they reported a cumulative decline of 21,838 in net headcount in the first quarter of FY24. ....

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Infosys, HCLTech, Tech Mahindra: Remuneration of IT CEOs crashes in FY23; here's why

The slump in remuneration of CEOs across major Indian IT companies is due to multiple reasons. For example, in the case of Wipro Chairman Rishad Premji’s remuneration, the cuts were due to Wipro underperforming in FY23. ....

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wipro: Despite tepid environment for tech, artificial intelligence is slowly seeing big investments

IT majors like Tata Consultancy Services (TCS), Infosys, HCLTech among others have reported a number of proof of concepts and early stage programs using generative AI during their first quarter earnings announced earlier this month. ....

Tata Consultancy Services , Tech Mahindra , Artificial Intelligence ,

HCLTech CEO C Vijayakumar's remuneration falls 79% in FY23 at Rs 28.4 crore

The steep decline in pay is due to the long-term incentive, which HCLTech pays out at the end of two years. C Vijayakumar will receive the LTI for FY22 and FY23 at the end of FY24. ....

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