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!

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.

Subcontractor costs as a share of revenue increased sequentially at most firms in the June quarter, Kotak Institutional Equities said in a note. The ratio rose to 9.6% at LTM from 8.3% in March, to 15.5% from 15.3% at Persistent Systems, to 11.7% from 11.5% at Wipro and to 8.7% from 8.5% at Infosys.

Running AI models on local CPUs could also reduce dependence on centralised infrastructure and technology suppliers, he said. “My interest, coming from a security viewpoint, is that I always want to see everything localised,” Diffie said. “You can now get many things to work on machines that individuals, small companies, small groups and associations can afford.”

As companies increasingly deploy AI, Google emphasises the importance of preparing corporate data for effective use. Andi Gutmans stated that understanding a business requires analysing contracts, revenue, and customer data. Google is expanding its engineering teams in India to support businesses in connecting AI systems with their essential data.

In an interview with ET, Srikanth Velamakanni highlighted the swift advancements in AI and the accompanying safety anxieties, and called for worldwide collaboration to mitigate the risks tied to AI development. Companies express apprehension about losing control and essential expertise by depending on external AI models. To counter this, Fractal Analytics is channeling investments into its own AI systems while balancing the costs of model usage.

This sensational document has become public as governments and enterprises are grappling with the global menace of rogue agents. The latest incident was the breach of Australia’s government health data portal by an OpenAI agent. The attack led to unauthorised access to files.

"There is increasing collaboration across the industry in the space to make sure that people work together to assess this risk," Staniszewski, 31, said in an interview. "But we need to balance the benefits for society and the risks."

ElevenLabs, recently valued at $22 billion, is expanding its research, engineering, and deployment teams in the country, which is now its second-largest market, with over 250 enterprise clients. Staniszewski expects voice agents to move beyond customer support into sales and operations, with India potentially leading some of those applications.