Microblogging start-up Koo has stopped alary payments to all its employees from April as the company is going through a cash crunch situation. The microblogging startup was touted as a…

Even as business slowed for IT firms in FY24, these firms reported improvement in their order book going from FY23 to FY24. According to data shared by CareEdge – total…

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment…

Margins for top Indian IT firms, excluding TCS, hit the lowest in three years during FY24. As economic troubles starting with the war in Ukraine spelled trouble for Western markets…

IT firm Mphasis recorded a 2.9 per cent year-on-year (y-o-y) net profit decline at ₹393.22 crore for the fourth quarter. On a sequential basis, profits rose by 5.2 per cent.…

Digital transformation solutions company UST has acquired Strativity Group, an Australian boutique strategy consultancy specialising in customer-centric transformations. Strativity delivers customer experience strategy, design, innovation, change management, and operating models…

The sessions court here has directed the Anti-Corruption Bureau (ACB) of Maharashtra Police to investigate allegations against IT major Cognizant Technologies that it paid a bribe through a contractor to…

HCL Technologies (HCLTech) on Friday reported a consolidated net profit of ₹3,986 crore for the fourth quarter that ended on March 31, a marginal growth year-on-year (y-o-y) as compared with…

The IT sector in India, after a complete fiscal of low-to-no freshers and entry-level hiring, will see fresher hiring pick up in FY25. As the deal pipeline swells, attrition comes…

Engineering and technology solutions company, Cyient has posted a net profit of ₹173 crore, showing a growth of 9.1 per cent year-on-year. It registered a revenue of ₹1,489 crore, reporting…

On the back of the ₹18,000 crore fundraise through a follow on offer, Vodafone Idea will stage a smart turnaround, according to Kumar Mangalam Birla, Chairman, Aditya Birla Group. Speaking at…

In a bid to promote loyalty and reduce attrition, technology solutions company CriticalRiver has floated a two-way ESOP (employee stock option) policy to give shares to all of its employees.…

As part of the NextGen programme, the US-based Cognizant Technology Solutions in 2023 incurred $115 million of employee separation costs and $114 million of facility exit and other costs totalling…

Rahul Bhatia, Group MD, InterGlobe Enterprises (IndiGo’s parent company) and CP Gurnani, former CEO, Tech Mahindra, have launched a new AI company called AIonOS.AIonOS aims to provide businesses with advanced…

HP Inc has partnered with Metal Injection Molding (MIM) company Indo-MIM to mass produce metal 3D parts in India. The company is looking at a nearly 40 per cent growth…

Sify Ltd, the Chennai-based ICT service and solution provider, reported a consolidated net profit of ₹3.8 crore for the fourth quarter ended March 31, 2024, as against ₹3.4 crore in…

In a move that could significantly impact the discourse around ownership of the AI-generated content, digital technologies company Google has said that it will not claim ownership over the original…

Soon tech start-ups can start testing their services and products on a telecom network without getting into a bilateral deal with a specific operator. The telecom regulator has suggested that…

The US House was on a path Saturday to passing legislation forcing TikTok’s Chinese parent ByteDance Ltd. to divest its ownership stake on a fast-track to become law, in a…