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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
As if it weren’t already a tough year for Indian IT companies, the US landed yet another blow this month, suspending eight technology companies from the Permanent Labour Certification programme, or PERM. The list includes Indian tech giants Infosys, Tata Consultancy Services, Wipro and HCL Technologies as well as US majors Microsoft and Adobe. To add insult to injury, US Vice President J.D. Vance, channelling his inner Ben Shapiro, defended the move by comparing Indian engineers working in the US to “indentured servants”. The message is clear: the US won’t let these companies “abuse the visa system”.
The suspension is …
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
