News at Pareekh

Engineering Service Industry 4.0

December 2023

Tech services demand may rise on upbeat statements from Fed

Rewind 2023: Global slowdown has multiplier effect on IT cos

Questions raised as Amazon Q reportedly starts to hallucinate and leak confidential data

IT clients on fence over AI project deals

IT firms give ‘pair coders’ to techies

Infosys, Wipro lock horns with Cognizant over growing senior-level talent migration

Sluggish US mkt keeps BFSI biz under pressure

TREND: IT cos’ mfg vertical bucks weakness in gloomy global scenario

Top IT firms bag large deals showcasing flagship solutions this year

Wipro’s rejig yet to deliver dividends

Okta confirms recent hack affected all customers within the affected system

After Wipro, Infy targets Cognizant for poaching

CFO exit will have little impact on Infy

Local ChatGPT kind models have a long way to go

Concerns mount as US political standoff threatens chip manufacturing momentum

Tech insourcing gains as global cos set up centres

What Happened to the $1.5 Billion Infosys AI Deal?

Amazon Q Faces Challenges: Hallucinations and Data Leaks Raise Questions on AI Readiness

IT firms introduce 'Pair Coders' for enhanced developer productivity

Tech companies fail to “walk the walk” on ethical AI, report says | Technology news

Indian IT sees favorable outcome from U.S. Fed commentary

IT customers argue about AI project contracts

Global firms expand India tech centers to outsource less

November 2023

Indian ERD rainmakers win several USD 100 million deals

Matching pay must for 70-hr work bid: Experts

Midcaps brave IT winter better than big firms

IT engineering firms earn higher income from non-American regions

Indian engineering services companies remain a bright spot despite slowdown at IT peers

Tata Technologies is cash-rich, and so is its parent, Tata Motors. So why the IPO?

Some IT services companies gain from resale of third-party products

Cognizant’s headcount lead over Infy triples

Cognizant, Tech M resume hiring now

Nordic region emerges as pocket of hope for Indian IT as other markets slow

IT firms bank on sales staff in tough market

Businesses testing ways to safeguard against AI hallucination

Wipro, TechM shed clients in Asia; focus on America for higher margins

SEC sues SolarWinds and its CISO for fraudulent cybersecurity disclosures

Defence cos placing more orders with IT cos

Tech giants experience revenue surge from third-party product resale

IT Firms Reducing Exposure To Asia-Pacific Region

Indian IT companies thriving in Nordic region amid global slowdown

October 2023

IT cos showcase TCV, analysts say not good enough

IT consulting biz feeling heat of lower spend now

Israel-Hamas war: Tech firms may shift ops to India, elsewhere if conflict escalates

Amid challenges in expanding margins, IT cos induct new CFOs

Indian IT sector slams brakes on hiring amid global economic slowdown, recession fears

HCLTech, Tech Mahindra have more scope for entry level hirings

11 notable post-quantum cryptography initiatives launched in 2023

TCS does catch up; closes profit gap with Accenture

Lower top line growth likely for IT cos in Q2

Headcount falling, but employee cost rising at top four IT firms

Google Cloud fails to cash in on generative AI

10 Things You Learn When You Study Bitcoin

Tech Companies Eye India Amid Escalating Israel-Hamas Conflict

HCLTech and Tech Mahindra may open fresher hiring amid shortage of Gen Z techies

Israel-Hamas Tensions: Tech Giants Eye Relocation Amidst Escalating Conflict

Google Cloud fails to cash in on generative AI

Employee CTC rises in top tech companies despite headcount fall

baby elephant picked shoes which fell into zoo and returned it

September 2023

IT slowdown bottoming out?

IT engineering service firms growing faster than service firms

In large IT deals, MNC clients now monetising internal assets

IT companies added at least 8,000 employees inorganically in 3 months

India-Canada spat not good for IT cos

baidu ceos remarks put llms in focus as us china trade war.

Cloud services adds to IT firms topline

Surging SaaS projects bode well for Indian IT

India-Canada tensions: IT Inc on standby; Nasscom says no immediate concern

business industry nordic region emerges as new focus centre for.

IT cos facing margin heat despite big deals

business industry it firms are now focusing on nearshore operations

IT companies add around 8,000 employees inorganically in 3 months

IT companies in large it deals mnc clients now monetising internal assets.

China Releases Over 70 Large Language Models in Response to US-China Trade War

Why TCS has suddenly shifted its tech hiring focus in Nordic countries

India-Canada rift could stall new outsourcing deals

indian it inc on stand by amid india canada strain could also.

This 'Ghoda Library' Brings Books To Doorsteps In Nainital

Animal Viral Video: Kid’s shoe falls in the elephant enclosure while visiting Zoo; Watch to see what Elephant did next

August 2023

M&As in engg services space set to pick up.

Amid low attrition, IT companies see a massive churn in top leadership

Nasscom seeks review of licensing rule for PCs, other equipment

HCL Tech to take on 400 staffers from its client

Midsize IT cos in a fix as deals hit slow lane

IT firms bank on new tech spends by global retailers

Driverless vehicles on our roads?

AI to replace 5% full-time tech roles annually in five years: Experts

IT firms focus on acquisitions to tap new revenue streams

Displaying categorized search results for news

Infosys bags $1.6 billion deal from Liberty Global

Google readies Chrome for distant quantum attacks with new support

Deal wins for IT firms may hit their margins: Analysts

Lower spend on 5G dents IT cos’ top line

TCS, Infosys move beyond US for big BFSI deals

AI to replace 5% full-time tech roles every year; experts see creation of high-level jobs

Amid Low Attrition, IT Companies Witness Massive Churn in Top Leadership in 2023

artificial intelligence to replace 5 full time tech jobs annually in five years report

IT Firms Focus on Acquisitions to Tap New Revenue Streams in 2023

Why TCS Picked Krithivasan As CEO

IT Firms Bank on New Tech Spends by Global Retailers: A Deep Dive 2023

Two youths from gujarat have created a rickshaw pulling

qr code in mehndi art video goes viral on raksha bandhan

July 2023

HCL to acquire German firm ASAP for $279 million

Caution’s the word as Big IT battles deal rampdowns

IT firms in inorganic route for top line push

GCCs on a hiring spree, IT firms look at their bench for talent

Some midsize IT cos to hit slow lane in Q1

Experts say TCS’ return to vertical ops structure will help it in slump

TCS net up 16.8% in Q1; margin & attrition dip amid a strong orderbook

With new business unit, TCS takes different path to genAI strategy

Indian IT sector’s Gen AI push is more FOMO than actual revenue conversion: Industry experts

Mohit Joshi faces a daunting task ahead at Tech Mahindra: Analysts

IT firms eye fixed price projects to improve margins

IT companies ride on govt deals abroad to boost revenue

Foxconn exits chip-making joint venture in India with Vedanta

Slide in small deals a big headache for IT firms; macro concerns continue to deter clients

Tech hiring to witness a surge in India: Know why

India's first Vedic theme park opens in Noida. Watch

man did a strange jugaad to make ice-cream outdoor by using car tyres see viral video

desi jugaad man making pizza sitting at office desk watch pizza making jugaad viral video sjr

June 2023

India becomes destination for auto OEMs to secure their digital content needs

India’s product engg cos grew at 25-35% in FY23

Midsize IT cos like KPIT, LTTS set to bag big deals

Transamerica cancels $2 billion TCS deal ahead of schedule

For IT firms, age does matter: Only 1-2.5% employees in 50+ age group

Will ChatGPT take big toll on BPM firms now?

From cars to aircraft, the world runs on Indian software and digital tech

India reboots plan to attract chip makers to build fabs in country

IT cos turn focus on vendors

IBM to buy Apptio for $4.6B to help companies optimize IT spend

Does EPAM Systems’ guidance cut signal tough road ahead for Indian IT?

Infosys, Wipro expand European presence for revenue boost

Uncertain economy, rapid tech change bring mega-deals under fire

Price war for big deals to hit IT cos’ margins

Cost of outsourced talent rises for

Indian product engineering companies zoom amid IT slowdown

Only 1-1.25% of Indian IT employees are above 50, more than 50% below 30

IT companies may lose outsourcing deals amid changing technologies

Why TCS' mega deal with Transamerica came to an end

India Is Becoming The Digital Content Hub For The Auto Sector.

TCS FY23 annual report reveals the age diversity in IT companies, details inside

Evolving technology leads IT companies losing outsourced deals

Indian Technology Powers Aerospace and Automobile Industries Worldwide

man amazing jugaad made bike-cum boat two in one use many countries are demanding this vehicle see viral video

What Is Bengaluru's Safety Island? A System That Helped Maldives Man Gets His Lost Items Back

Hope Sprigs on big IT Deal Wins

May 2023

TCS-led consortium bags BSNL’s ₹15,000cr 4G order

IT firms look to cut reliance on subcons

Job cuts may intensify as IBM plans to use AI to replace 30% of back office jobs

Delay in rolling out 5G may hurt Vodafone Idea badly

BPO firm’s exposure in eastern Europe rises

After a dismal Q4 amid macro challenges, what is in store for IT firms in FY24?

Cisco bets on manufacturing in India amid global supply chain crisis

IT firms on a spree – launching solutions on Generative AI

TCS bags Rs 15,000-crore BSNL deal to deploy 4G network across India

IT firms trying to expand their revenue basket

Databricks doubles down in India with staff hires, new R&D hub

India IT Embraces AI and You Should Feel Dead Scared


TCS Shares Rise As Company Bags Rs 15,000 cr BSNL Deal to Deploy 4G Network

Delay in rolling out 5G may hurt Vodafone Idea badly


April 2023

Laid-off techies struggle for jobs

IT companies see spike in staff cost

The great churn: Tech majors bring in new leadership amid course correction

Improper manpower planning led to delayed onboarding of freshers: Analysts

How Infosys walked into an ‘over-promise, under-deliver’ trap, and took a 9.4% hit on the market

IT firms seen bracing themselves for spending cuts by clients

Generative AI to open up revenue streams for IT firms, say analysts

IT’s the global slowdown effect

Big Techs’ India Layoffs: Is The Worst Over Yet?

Poor start. IT firms see decline in client addition in FY23

Low utilisation rate: Muted hiring, pay hikes seen at IT firms in FY24

Infosys Embraces GAI to Boost Revenue

Employee cost proportion increases for big tech giants

Employee Cost Proportion Rises For Large It Cos

March 2023