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TCS CEO K Krithivasan earns 28 crore in FY26 as pay ratio hits 332 times median employee

TCS CEO K Krithivasan earns 28 crore in FY26 as pay ratio hits 332 times median employee

Tata Consultancy Services reported that CEO and MD K Krithivasan earned over Rs 28 crore in FY26, up 6.3% year-on-year. The pay includes Rs 167.6 lakh salary, Rs 143.7 lakh benefits and allowances, and a large Rs 25 crore commission. His remuneration works out to 332.8 times the median employee pay. TCS also disclosed COO Aarthi Subramanian’s commission-based pay and CFO Samir Seksaria’s increased compensation, alongside Rs 1,388 crore restructuring expenses for “future-ready” transformation.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Mid tier IT firms surge while Infosys Wipro stumble as cloud and AI work bypass giants

Mid tier IT firms surge while Infosys Wipro stumble as cloud and AI work bypass giants

Mid-tier IT services firms are outpacing larger rivals, posting 7–28% year-on-year revenue growth in constant currency in the March quarter. Coforge, Persistent Systems, Mphasis and LTM gained as they stayed focused on specific growth pockets like cloud engineering, AI-led modernization and BFSI. Meanwhile Infosys and HCLTech lagged, and TCS and Wipro reported declines. Analysts credit leaner structures, senior talent closer to clients, outcome-based pricing and greater flexibility—though some growth may come with short-term margin tradeoffs.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Avi Polymers buys 90% of JVTR Consultants in Rs 500 crore share swap deal

Avi Polymers buys 90% of JVTR Consultants in Rs 500 crore share swap deal

Avi Polymers has approved acquiring a 90% stake in JVTR Consultants Pvt Ltd for Rs 500 crore through a share swap. The deal is meant to help Avi Polymers move deeper into technology and digital services, including IT services and software development. Management says it supports a more diversified, future-focused business strategy.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Hexaware Q1 profit rises 7 5% to Rs 352 crore as revenue jumps 12 6%

Hexaware Q1 profit rises 7 5% to Rs 352 crore as revenue jumps 12 6%

Hexaware Technologies reported Q1 CY26 net profit up 7.5% to about Rs 351.6 crore, beating street estimates. Revenue climbed 12.6% year-on-year to Rs 3,613 crore, led by strong demand in Europe and the banking sector. The company also reiterated its full-year revenue growth guidance of 7.6%.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Coforge CEO says tech services demand is shifting not shrinking

Coforge CEO says tech services demand is shifting not shrinking

Coforge CEO Sudhir Singh says demand for technology services isn’t weakening but evolving, fueled by fresh value pools. He argues that companies engineering measurable business outcomes—especially via AI-led modernization and governance—will keep winning. Singh also downplays concerns about AI firms moving into services, saying they’ll act as specialists within a still-robust market.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Coforge CEO says AI will disrupt IT yet expand the market not shrink it

Coforge CEO says AI will disrupt IT yet expand the market not shrink it

Coforge’s CEO argues AI is reshaping traditional IT services but won’t shrink the overall market. The company reported strong March quarter results, including net profit doubling. Coforge says AI is generating new high-margin business opportunities, likening the shift to earlier cloud migration waves, with expectations of wider market expansion and better margins as adoption grows.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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Mphasis drags Coforge to US court over alleged staff poaching and client data access

Mphasis drags Coforge to US court over alleged staff poaching and client data access

Indian IT firm Mphasis has filed a lawsuit in a US court against rival Coforge, alleging Coforge hired Mphasis executives and accessed confidential client information. Mphasis is seeking an order preventing the executives from working on shared client accounts, along with damages and legal costs, escalating competition in the services market.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl, a major software and IT services firm, has unveiled a new cost-saving plan alongside job cuts. The company expects annual pretax profit to come in below Wall Street estimates, with a goal of significantly lowering operating costs by fiscal 2028. Shares fell sharply on the news, even as demand for IT services remains resilient.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Cognizant may cut 15000 jobs as AI overhaul speeds up across IT services

Cognizant may cut 15000 jobs as AI overhaul speeds up across IT services

Cognizant is reportedly evaluating a major workforce reduction that could affect between 12,000 and 15,000 jobs as it accelerates an AI-led transformation. The possible cuts reflect how automation and AI-driven operations are reshaping IT services, pushing firms toward restructuring and cost optimization while redefining what human roles are still needed.

Summarised by Beize from a story on Republic on 6 May 2026
OpenAI and Anthropic team with private equity to sell enterprise AI at scale

OpenAI and Anthropic team with private equity to sell enterprise AI at scale

OpenAI and Anthropic are partnering with private equity firms through large joint ventures, deploying billions to speed up enterprise AI adoption. The strategy thrusts them into direct competition with traditional IT services providers, including major tech giants, as they move beyond models into high-value strategy and transformation work that enterprises spend on first.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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Coforge Q4 profit more than doubles to Rs 612 crore on surge in deal wins

Coforge Q4 profit more than doubles to Rs 612 crore on surge in deal wins

Coforge reported a fourth-quarter profit that more than doubled to Rs 612 crore, driven by higher order intake and rising revenue. The Indian IT services firm said robust deal wins helped sustain momentum, reflecting improved demand and stronger execution. Investors will now watch whether the current pipeline converts into continued growth in the next quarters.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Infosys Wipro TCS race to rewrite data protection architecture for DPDP May 2027

Infosys Wipro TCS race to rewrite data protection architecture for DPDP May 2027

With India’s May 2027 deadline for the Digital Personal Data Protection Act approaching, major IT firms including Infosys, Wipro, SAP, and TCS are tightening their compliance frameworks. The push goes beyond policy updates: governance is being upgraded, incident response is getting stronger, and data protection controls are being embedded directly into product and system architecture to meet DPDP demands.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Spirit Airlines shutdown threatens Coforge exposure and signals tougher times for India IT services

Spirit Airlines shutdown threatens Coforge exposure and signals tougher times for India IT services

Spirit Airlines’ shutdown comes as jet fuel prices stay elevated, putting pressure on airlines and their partners. Coforge, an Indian IT services firm with a notable travel portfolio, is closely watched for potential demand and project impacts. Analysts say geopolitical tensions and the fuel crisis could worsen airline finances, raising the risk of more bankruptcies across the sector.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Indian IT firms surge revenue per employee as AI automation boosts productivity and margins

Indian IT firms surge revenue per employee as AI automation boosts productivity and margins

India’s top IT services firms are reporting higher revenue per employee, a sign that AI and automation are improving productivity across major players like TCS, Infosys, HCLTech, and Tech Mahindra. The results point to a shift away from pure headcount-based delivery toward efficiency and value creation—potentially reshaping how growth is measured in the sector.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge has officially completed its acquisition of Hyderabad-based Cigniti Technologies. The company said the takeover moved forward after receiving required shareholder approval and clearance from the National Company Law Tribunal, along with completion of all regulatory requirements. The deal marks another step in consolidation within the IT services sector as both firms align operations post-closure.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant is reportedly preparing to cut around 4,000 roles under “Project Leap” to speed up AI adoption and streamline operations. The move comes even as the company plans to raise fresher intake, signaling a shift from traditional roles to AI-aligned work. The restructuring highlights how quickly global IT hiring is changing under pressure to modernize.

Summarised by Beize from a story on Republic on 1 May 2026
Infosys names Nitin Paranjpe non executive vice chairman as leadership reshuffle begins

Infosys names Nitin Paranjpe non executive vice chairman as leadership reshuffle begins

Infosys has named board member Nitin Paranjpe as its non-executive vice chairman, according to an exchange filing dated April 30. The appointment is seen as a move to strengthen the company’s leadership structure as Infosys adjusts to evolving strategic priorities. Paranjpe’s role adds a new layer of board-level oversight at the IT services giant.

Summarised by Beize from a story on Republic on 1 May 2026
Infosys appoints Nitin Paranjpe as non executive vice chairman to bolster Nandan Nilekani strategy

Infosys appoints Nitin Paranjpe as non executive vice chairman to bolster Nandan Nilekani strategy

Infosys has appointed Nitin Paranjpe as non-executive vice chairman, effective immediately. Paranjpe currently leads HUL as non-executive chairman and serves as non-executive vice chairman of Heineken NV. He will support Infosys chairman Nandan Nilekani in guiding the board and strategic agenda, while Nilekani said he will continue as chairman as needed.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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Capgemini revenue rises 7% as North America strength and acquisition drive growth

Capgemini revenue rises 7% as North America strength and acquisition drive growth

Capgemini reported first-quarter revenue up 7% year-on-year, matching company expectations. The gain was powered by strong performance in North America, aided in part by a recent acquisition. With results tracking its guidance, the firm has reiterated its full-year revenue growth target, even as it added significantly to headcount.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Cognizant cuts quarterly revenue outlook as cautious IT spending grips clients

Cognizant cuts quarterly revenue outlook as cautious IT spending grips clients

Cognizant Technology lowered its quarterly revenue forecast, citing clients’ growing caution amid economic worries. The company also trimmed its annual revenue outlook, suggesting that restrained discretionary IT spending is flowing through faster than expected. The warning points to a tougher near-term demand environment for large IT services providers.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
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