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Peak XV's Surge selects 14 startups for tenth cohort; focuses on AI, financial services
“In this cohort, we have companies from India, Southeast Asia, Australia, China, the UK, and the US. We also have our first company from the Middle East… In our last cohort, we had a lot of deeptech and semiconductor companies. When you combine that...
Artificial Intelligence
Microsoft introduces autonomous AI agents
The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing. Microsoft has moved fast in pushing generative AI technology to everyday users, largely using the...
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Information Tech (IT)
Amid turnaround, Tech Mahindra net profit rises 46.8% at Rs 1,250 crore
The company's net profit surged 46.8% sequentially, driven by a sharp focus on operational...
Information Tech (IT)
IT sector’s top firms reverse headcount fall after 7 quarters
After a period of declining headcount, India's leading IT firms have reversed the trend,...
Information Tech (IT)
Tech Mahindra Q2 Results: Profit zooms 153% YoY to Rs 1,250 crore, revenue up 3.5%
On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.
Information Tech (IT)
Tech Mahindra adds 6,653 employees in Q2, leading the pack
This is the second consecutive quarter of headcount growth for the company, following a...
Information Tech (IT)
Infosys net profit rises 4.7% in Q2, misses Street estimates
Infosys is seeing a “lot of traction in financial services, which has given us...
Information Tech (IT)
Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
The fourth largest Indian IT services firm posted a net profit of Rs 3,227...
Information Tech (IT)
LTIMindtree reports 7.7% rise in profit
The Mumbai-headquartered IT services company reported a 5.9% growth in consolidated revenues at Rs...
Information Tech (IT)
Wipro issues bonus shares at 1:1; adds 978 headcount in September quarter
This is Wipro’s first bonus share issue since 2019, when it offered one bonus...
Information Tech (IT)
Wipro Q2 Results: Cons PAT jumps 21% YoY to Rs 3,209 crore, beats estimates
Wipro Q2 Results: Revenue from operations for the quarter was Rs 22,302 crore, slightly...
Information Tech (IT)
Infosys Q2 Results: Profit rises 5% YoY to Rs 6,506 crore; revenue also up 5%
Infosys Q2 Results: Infosys, India's second-largest software exporter, reported a 5% growth in consolidated...
Information Tech (IT)
Synergetics wins the FY24 Superstar Campaign Award
Synergetics India wins the FY24 Superstar Campaign Award by Microsoft for its significant contributions...
Information Tech (IT)
Focusing on converting TCV to revenue; BFS and TMT led the revenue growth: Mphasis CEO
Mphasis revenue for the same period grew 3.3% quarter-on-quarter (QoQ) and 7.9% YoY to...
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Artificial Intelligence
Peak XV's Surge selects 14 startups for tenth cohort; focuses on AI, financial services
“In this cohort, we have companies from India, Southeast Asia, Australia, China, the UK,...
Artificial Intelligence
Microsoft introduces autonomous AI agents
The AI agent has become the newest buzzword for major software companies that are...
Artificial Intelligence
Wall Street Journal sues Perplexity AI for copyright infringement
Perplexity is one of Silicon Valley's hottest startups, whose AI powered search engine is...
Artificial Intelligence
India turning a C-suite magnet with quality talent: Snowflake CEO
Sridhar Ramaswamy, CEO of cloud data analytics company, Snowflake, says India is rapidly emerging...