HCL Tech Share Price Live Updates: HCL Tech's recent performance shows negative returns
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News18
3 hours ago
- News18
Pearson announces multi-year strategic partnership with HCLTech
New Delhi, Jul 29 (PTI) Pearson on Tuesday announced a multi-year strategic partnership with HCLTech to foster upskilling and workforce readiness in the AI era. The collaboration will focus on co-developing AI-powered products and services in a dedicated AI Tech Lab, intended to close skill gaps and support career advancement. 'Pearson will leverage HCLTech's engineering and professional services capabilities, including its GenAI platform AI Force and edtech platform Career Shaper, to expand and enhance AI-powered learning programmes, assessments, and workforce analytics. 'In addition, Pearson's AI-powered learning and assessment tools will be embedded across HCLTech's internal HR ecosystem. This includes structured learning pathways, verified credentials through Credly, along with Pearson's Faethm AI platform for talent design, development, and career progression," the company said in a statement. view comments First Published: July 29, 2025, 19:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
6 hours ago
- Business Standard
TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth
Tata Consultancy Services (TCS) has laid off over 12,000 employees, mainly mid- to senior-level managers, as it aligns its operations for the generative AI (GenAI) era. The move, coming at a time when tools like ChatGPT are rapidly transforming service delivery in the IT sector, marks a strategic shift towards agility, automation, and higher productivity per employee. The restructuring is part of a broader trend among Indian IT majors to recalibrate delivery models shaped over decades by a pyramid-style workforce structure. In today's environment, where GenAI and automation are becoming integral to software development, testing, and support, firms are opting for leaner teams equipped with advanced digital skills. What's changing in IT delivery models? AI is no longer just a buzzword. Indian IT firms are rethinking how work is done and who does it. Key changes include: Fewer hires, more automation: Tasks that once needed large teams are now handled by AI and automation platforms. Focus on skills, not headcount: Instead of hiring more people, companies are training or hiring for niche skills, like AI, cloud computing, and cybersecurity. Rethinking the pyramid: The traditional model of hiring thousands of freshers every year is being replaced by leaner, more skilled teams. Why TCS made the cuts TCS' move reflects an evolving delivery approach where efficiency is being prioritised over hiring-fuelled expansion. As large language models and AI platforms take over routine functions, companies no longer need to maintain vast benches of mid-level talent. TCS and Infosys are embedding generative AI into core operations. Nearshoring and digital delivery centres are expanding to reduce cost overheads. This change is particularly visible in how firms approach hiring and workforce planning. Most affected are employees with 9-17 years of experience, often in roles like project management and support, which were built for older delivery models that AI is now replacing. While TCS mentioned future readiness, analysts say the decision also helps: Improve operating margins, which have stayed below target. Reduce excess capacity hired during the pandemic years (FY21–22). TCS is not alone in its efforts. Infosys, Wipro, and HCLTech have also either slowed down hiring or begun streamlining roles. What about other IT majors? Others are making similar moves include: Revenue per employee is rising across the board, showing that firms are producing more with less. Numbers behind the shift TCS: Q1 FY26 revenue inched up 1.3 per cent to ₹63,437 crore, net profit increased 5.9 per cent Infosys: Revenue up 7.5 per cent, hiring slowed HCLTech: Highest growth at 8.1 per cent, but hiring moderated What this means for workers Mid-career roles will remain under pressure unless they evolve with the technology. Overall hiring trends show: Fewer project managers and support roles Selective hiring of junior engineers and specialists in areas like AI, cloud, and cybersecurity Focus shifting to per-employee productivity over bulk hiring. Top firms are seeing an uptick in revenue per employee following this tech-driven approach. This also means that reskilling has become even more critical as employees must now stay updated with new tools and AI platforms to stay relevant. AI driving the shift GenAI tools, like ChatGPT, seem to be driving the shift as they allow companies can do more with fewer people, and clients are expecting faster, smarter solutions. Some of the tasks GenAI is capable of taking over include: Write and test code Handle customer queries Monitor infrastructure Automate routine processes This translates to companies investing in internal tools powered by large language models (LLMs), while simultaneously, AI-led platforms are being deployed at scale. As LLMs and AI platforms take over routine functions, companies no longer need to maintain vast benches of mid-level talent. This change is particularly visible in how firms approach hiring and workforce planning. Labour concerns and regulatory response This switch between company hiring trends has not gone unnoticed. TCS has been asked to meet the Labour Ministry on August 1, following complaints about delays in onboarding 600 experienced hires. What analysts are watching With stabilised attrition and fewer hires, analysts are tracking how IT firms protect margins through smarter resource use. Key metrics include: Subcontractor expenses Utilisation rates Employee cost as a percentage of revenue Even top performers such as HCLTech are curtailing hiring. Infosys has forecast just 0–3 per cent revenue growth for FY26, marking a sharp departure from earlier optimism. The big question: Will demand recover in the second half of FY26, or have client budgets been permanently recalibrated? Bottom line Indian IT's delivery model is being re-engineered for efficiency, not expansion. The pivot to automation, AI-driven delivery and leaner staffing structures marks a strategic overhaul, not a temporary adjustment.
Time of India
13 hours ago
- Time of India
Sun Pharma Share Price Live Updates: Sun Pharma's beta value highlights market resilience
29 Jul 2025 | 09:28:28 AM IST Discover the Sun Pharma Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of Sun Pharma's latest details, including: Last traded price 1710.7, Market capitalization: 408414.8, Volume: 110060, Price-to-earnings ratio 37.37, Earnings per share 45.55. Our liveblog offers a holistic view of Sun Pharma by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact Sun Pharma's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the Sun Pharma Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:28:28 AM IST, 29 Jul 2025 Show more
