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Shristi Achar's coverage primarily focuses on finance and the economy, with a particular emphasis on stock markets, economic data, and investment analysis. She frequently cites data in her articles, indicating a preference for well-supported information.
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By: Shristi Achar
Ratings agency Crisil last week forecasted the $315-billion industry to grow just 1-3% on a constant currency basis in FY27 and 2-4% in FY28. The June quarter earnings of five of the top six large IT services companies reflect some of the key challenges faced by the industry.
By: Shristi Achar
Infosys said last week that loss of a large European client weighed on its first-quarter revenue growth. The Bengaluru-based company, India’s second largest IT services provider, did not name the client or disclose other deal losses. But announcements by its rivals indicated that they won large slices of contracts that Infosys held.
By: Shristi Achar
Despite the world’s largest talent pool, when it comes to advanced AI roles, India has the world’s most severe hiring shortage, which is concentrated at the system design and governance tier.
By: Shristi Achar
Mid-sized IT players monetise automated workflows while tier-1 giants battle inertia
By: Shristi Achar
Some deals expected to be up for renewal are banking giant HSBC’s ERP implementation and modernisation contract with Accenture and Capgemini, Wipro’s contract with ICICI Bank, Tata Consultancy Services’ engagements with GE Healthcare, TCS and HCLTech’s contracts with Cemex, among others, said industry sources.
By: Shristi Achar
While potential for multiple service options remains huge, new AI-led services such as physical AI, silicon engineering and SaaS replacement are seeing lower capture rates than services built around existing enterprise systems, according to the study by consulting firm Zinnov.
By: Shristi Achar
Indian IT service providers are increasingly using structured deals that combine acquisitions with long-term service contracts. Experts say AI-driven outsourcing changes, clients exiting captive operations and pressure on traditional growth are driving the trend. While these deals offer committed revenue, talent and expertise, AI could still reduce revenue over time.
By: Shristi Achar
Data from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT services, posted a 3% revenue growth in local currency, Capgemini 5.1% in organic constant currency and Cognizant about 3% on the same basis in the April-June quarter. By contrast, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro recorded revenue-weighted constant-currency growth of 2.6% in the same period, including acquisitions, and organic growth of 1.6%, the Kotak report said.
UnearthInsight estimates that FDE salaries in India carry a 30-60% premium over conventional engineering bands. Globally, FDEs receive a 15-20% premium over internal product engineers. Shristi Achar brings out the key numbers!
By: Shristi Achar
Cognizant and US enterprise software company Cloudera’s PERM filings have been suspended, labour department inspector general Anthony D’Esposito said in an X post on Tuesday, citing an investigation into possible fraud and misuse of employment visa programmes.
