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Infosys and TCS reported headcount declines in 2023-24 due to automation. Indian IT workers face challenges negotiating salaries with generative AI. Global tech job markets are impacted by AI, leading to a shift in causality for Indian companies.
India's IT services industry - a $254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical flareups as clients turned cautious with IT spends.
India Business News: TCS reported 3.4% revenue growth in 2023-24, surpassing Nasscom's estimate for India's IT exports. CEO anticipates better FY25 with focus on growth ma
TCS Headcount Declines By 1,759 To 2-Year Low of 6,01,546 Employees; the March 2024 quarter is the third consecutive quarter of declining total headcount at TCS
Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. As for TCS, SBI MF's prominent addition in March was this IT stock where the latter bought shares worth Rs 2,205 crore