TCS WORKFORCE
AI gains fail to cool rising staff costs at Indian IT services firms
Although artificial intelligence (AI) and automation are changing the traditional labour-intensive model of IT services, they have yet to bring down employee costs for the country’s top six IT services companies—Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTM (formerly LTIMindtree).
US midterm elections: What a Democratic Congress could mean for Indian H-1B visa holders
The potential shift towards a Democratic majority in Congress may reshape the discourse on immigration law. Nevertheless, specialists indicate that immediate adjustments for Indian tech workers concerning H-1B visas are improbable. The lingering impact of the previous administration on immigration policy remains prominent.
Bridging the AI production gap: Over 100,000 Indian engineers trained to Build with Gemini
India is seeing a significant shift in its technology workforce towards enterprise AI integration and solutions. The Build with Gemini initiative has trained over 100,000 developers and architects across several major organizations. This transition emphasizes the need for professionals skilled in engineering AI for production. Global System Integrators are crucial in facilitating this workforce transformation. The evolution aims to position India as a key player in AI architecture and engineering.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Software majors delete 24,000 jobs across IT and engineering in a year
Over the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,000 exits, in line with the industry's normal attrition rate of 11-15%. However, with exits outpacing hiring of new employees in the IT and engineering functions in five of the last six months, overall intake over the 12 months fell by 24,422 to 68,000, data from staffing firm Xpheno showed.
Software majors add more hands in Q2 on deal wins, growth optimism
Data showed the top six had added a net 5,500 to their rolls in the April-June quarter. Employee data of Infosys, the country’s second-largest software exporter, isn’t included in these calculations as the company is due to announce earnings on October 23 and hasn’t shared its latest manpower data.
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IIM Lucknow completes summer placements with 600+ offers, average stipend up 3%
IIM Lucknow completed the summer placements for its 2026-28 PGP and PGP-ABM batches with total success. The average monthly stipend for interns increased marginally from last year's figures, while the highest stipend decreased slightly. Over 600 offers were made, showcasing opportunities in various sectors like consulting and e-commerce. Established and first-time recruiters participated, contributing to a diverse placement process for students.
Bahrain introduces new temporary work rules for foreign workers allowing 90-day employment with other companies
Bahrain has announced new rules allowing foreign workers to temporarily work for another employer for 90 days. The arrangement requires written consent from the worker and approval from the Labour Market Regulatory Authority. Employers must adhere to Bahrainisation requirements while sharing responsibilities for the worker's rights and obligations. This change does not establish a new recruitment route but aims to assist in meeting temporary staffing needs.
US suspension of PERM applications unlikely to impact Indian IT firms significantly: Kotak
The US suspension of PERM processing for six major Indian IT companies is unlikely to materially affect their operations or earnings, Kotak Institutional Equities said, citing their reduced dependence on visa-based staffing and increased local hiring in the US. The brokerage said near-term costs could rise if firms rely more on subcontractors, but greater offshoring could help offset the impact, with bigger risks emerging only if restrictions spread to existing work authorisations, client-site deployment or outsourcing.
TCS, Microsoft respond to US PERM suspension, reaffirm commitment to American workforce
Tata Consultancy Services has been suspended from the permanent labour certification programme by the US Labour Department. This suspension affects eight major technology companies including TCS, Infosys, and Microsoft. TCS stated that this will not impact its hiring strategy or engagements with clients. The company intends to hire 15,000 workers in the US over the next five years.
TCS, Infosys, Wipro & others suspended from PERM green card program by US. What is it & how is it different from H1-B?
The US has suspended Microsoft, Adobe, Infosys, Wipro, TCS, HCL Technologies, Cognizant and Capgemini from the PERM green card programme over alleged fraud and replacement of American workers. The freeze blocks new applications and pending cases, potentially delaying permanent residency for skilled foreign workers.
India reacts to US' PERM move against IT cos Infosys to Wipro, says Vance's 'indentured servants' comments 'unwarranted'
India has criticized US Vice President JD Vance for labeling foreign workers as indentured servants. The Ministry of External Affairs stated that such terminology overlooks the contributions of Indian professionals. It highlighted the economic value and talent mobility that Indian workers bring to the US. Moreover, the MEA stated that restrictions on talent mobility do not advance shared interests.
TCS to hire 80 pc of workforce with digital, AI skills; AI work to expand profitability
TCS expects about 80% of its new hires to have digital and AI-related skills as the company shifts towards more AI-led work. With AI-linked revenue already accounting for around 10% of its business, TCS also expects a greater share of such deals to support margins, while continuing to invest in niche talent, acquisitions and partnerships.
New draft steel policy targets 604 million tonnes capacity by 2047
India has unveiled a new draft national steel policy targeting 604 million tonnes capacity by 2047. The initiative also aims to increase exports to 45 million tonnes in two decades. Measures will focus on reducing carbon emissions and promoting technology indigenisation in steel production. Infrastructure development will be emphasized alongside research, safety, and workforce improvements.
US green card suspension: TCS, Infosys, Wipro, other IT firms' PERM applications already on decline
Indian IT companies are experiencing a significant decline in green card applications this year due to a recent suspension. Major firms like Tata Consultancy Services and HCL have drastically reduced their applications for permanent labor certification. NASSCOM indicates that these companies are relying less on H-1B visas and enhancing local workforce hiring strategies. The total number of PERM applications from Indian firms remains relatively low compared to the overall figures.
'Never-ending flow of cheap labour': JD Vance reiterates US stand on barring Microsoft, TCS Infosys & others from green card program
US Vice President JD Vance defended the Trump administration’s move to suspend major technology companies, including Microsoft and Adobe, from the employment-based green card programme, accusing corporations of relying on cheap foreign labour at the expense of American workers.
Green card woes deepen for Indian tech workers
Thousands of Indian technology professionals are facing uncertainty regarding their US permanent residency applications. Major technology companies have been suspended from the permanent labor certification program, impacting green card processing. Employees nearing the H-1B visa limit may encounter immediate difficulties due to these restrictions. Companies are evaluating their immigration strategies to support affected employees and ensure talent retention.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
Why has the US targeted Microsoft, TCS, Wipro over green cards
The move is part of the US government's wider crackdown on immigration and foreign workers. The administration has said it wants companies to hire more Americans and prevent foreign workers from being employed at lower wages at the cost of local jobs.
Can’t replace US workers with foreign ‘indentured servants’: US after suspending PERM green card program
US Vice President JD Vance defended the suspension of eight technology firms, including Microsoft, TCS, Infosys and Wipro, from the PERM green card programme, accusing companies of replacing American workers with cheaper foreign labour.
US visa curbs may shift higher-value tech work to India, says former HCL Tech CEO Vineet Nayar
Restrictions imposed by the US on major technology companies may prompt a shift in high-value technology work to India. Vineet Nayar highlighted how this situation may benefit Indian IT firms and enhance technological capabilities. While US companies seek to protect local jobs, Indian firms could focus on architecture and product engineering. The industry might also shift away from traditional models of sending engineers to client locations.
Pramila Jayapal slams Trump’s Microsoft green card suspension, Vance hits back
Pramila Jayapal criticized the Trump administration's decision to suspend Microsoft from a Green Card program. The administration argues this move protects American jobs by limiting foreign employment. Jayapal contended that this undermines legal immigration, adversely affecting many skilled professionals. She emphasized that changes should strengthen immigration pathways rather than restrict them. This decision may hinder America's innovation capabilities by targeting companies that rely on skilled foreign workers.
Infosys, TCS, Wipro and other IT stocks rise up to 4%. Here are 3 important triggers to watch
IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up to 4% on Friday. The gains came amid a confluence of factors, including second-quarter earnings and the US suspension of a certification programme. TCS and Wipro were among the key gainers, while midcap IT stocks also saw strong buying interest during the session.
Infosys, Wipro ADRs fall nearly 3% after TCS earnings, US crackdown on H-1B-linked green card programme
Infosys and Wipro ADRs fell nearly 3% in US trading as investors assessed TCS’s quarterly results and fresh US immigration restrictions. Concerns over technology spending, AI disruption and tighter employment-based immigration added pressure to Indian IT stocks.
TCS Q2 results: Profit rises 15% YoY to Rs 13,884 crore; co declares dividend at Rs 12 per share
TCS Q2 Results 2026: IT services major Tata Consultancy Services (TCS) reported 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter. Also the company has declared a second interim dividend of Rs 12 per share for the financial year 2026-27.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
Big Tech’s AI switch may dent $20 billion of IT outsourcing revenue
This shift threatens revenues in the high-tech and communications segments of the $315 billion local IT industry as higher efficiencies and heavy investments in AI weigh on the balance sheets of hyperscalers and big tech firms, they said. Experts predict that major IT firms will face direct revenue pressure as upcoming contract rebids, automation and smaller project scopes reduce overall billing.
India’s senior techies with 12 years of experience are going back to class, and AI is the reason
A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI executive programmes aimed at experienced tech professionals. In just a few months, the initiative has broadened its curriculum from four to seven targeted courses. With participants enrolling from diverse locations, the landscape of AI training is shifting towards practical, role-oriented education, underscoring the necessity for ongoing skill development in an AI-driven job market.
POSH reporting up in FY26 as trust in the system grows
Excluding two companies for which comparable data is unavailable, the analysis shows that the number of complaints has been rising steadily over two years, by 6.3% in FY25 (over FY24) and 5.2% in FY26 (over FY25).
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