IT
Infosys sets up development centre in Gift City with 1,000 employees capacity
Infosys has launched a new development center in GIFT City, Gandhinagar, accommodating over 1,000 employees in a hybrid model. This TechFin hub will provide advanced digital solutions for global BFSI clients, focusing on areas like digital banking and regulatory affairs. The center will utilize AI, cloud computing, and blockchain to deliver seamless cross-border services, strengthening India's position in financial technology.
Infosys gets relief as DGGI closes Rs 32,403 crore GST notice
Infosys has received closure from the DGGI on a GST demand notice of over Rs 30,000 crore, related to reverse-charge payments for services from overseas branches between 2017 and 2022. The company confirmed compliance with regulations and stated the matter is now resolved, following earlier responses to pre-show cause notices.
Infosys cofounder Nandan Nilekani commits second multi-year grant to AI4Bharat; total Rs 70 crore
AI4Bharat aims to gather 15,000 hours of transcribed data from over 400 districts encompassing all 22 scheduled languages of India. In parallel, its in-house team of over 100 translators is creating a parallel corpus with 2.2 million translation pairs across 22 languages.
Infosys introduces payouts for employees helping with recruitment
Infosys has launched a cash reward scheme for senior staff conducting lateral hire interviews, offering Rs 700 per interview, retrospectively from January. Aimed at boosting morale, the policy excludes HR and leadership roles. The policy has also limited the cash incentive for hirings within India.
Transforming India
Majority of GCCs in India cite talent retention as top concern: Report
Talent retention is the most significant challenge faced by GCCs, with 51 per cent of respondents identifying it as their top concern, end-to-end HR solutions provider CIEL HR's 'CIEL Works: GCC - Talent Trends and Insights' report revealed.
IT’s growth search takes them to doors of mid-market firms
After a challenging year, India’s IT industry is targeting growth beyond the Fortune Global 2,000 and Fortune 5,000, focusing on an underpenetrated segment: smaller and mid-sized enterprises with annual revenues of $1-5 billion. With large clients slow to deliver revenue, the natural pivot has been towards smaller firms.
LTTS bags deal to set up offshore development centre for US firm Tennant
L&T Technology Services (LTTS) has partnered with Tennant Company to develop sustainable cleaning products, establishing an engineering center in India. This collaboration will focus on integrating automation, IoT, and digital features into Tennant's equipment. The partnership aims to drive innovation, expand into emerging markets, and contribute to a greener future.
India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
Wipro signs deal with US security solutions firm Entrust
The partnership will improve Entrust’s operational efficiency, support its digital transformation goals, and better manage IT costs. It will also help scale the identity-centric security solutions firm’s operations and accelerate growth.
Tech Mahindra signs deal with Netherlands-based Hanab for IT modernisation
The alliance will seek to streamline the operations of the multi-service utility provider and implement next-gen technologies to support its growth aspirations.
