Latest news with #AyushBansal
Mint
11-07-2025
- Business
- Mint
India's HCL Technologies, Tech Mahindra Lift Veil on IT Industry Outlook
(Bloomberg) -- Indian software leaders HCL Technologies Ltd. and Tech Mahindra Ltd. will offer a peek into the South Asian tech and software sector's future when reporting earnings next week. Quarterly sales across India's computer services and IT firms are projected to have slid 0.6% sequentially, Jefferies analysts Akshat Agarwal and Ayush Bansal said in a note previewing the sector. Softer seasonal performance is seen as the main drag on earnings, though could be partly offset by US dollar depreciation boosting firms like HCL Technologies, Tech Mahindra, and Coforge Ltd., who have a higher exposure to Europe. On Thursday, Tata Consultancy Services Ltd. posted a decline in sales for the first quarter through June on a constant currency basis, weighed by tariff wars and global geopolitical turmoil. Looking ahead, deals are likely to continue at a steady pace as clients keep looking at software solutions to optimize operations, Jefferies said, though noting that discretionary IT spending remains under pressure. Meanwhile, Taiwan Semiconductor Manufacturing Co.'s US expansion plans will be in focus after the Senate's passed a tax bill that would make it cheaper for chipmakers to build plants there. TSMC will be eligible for an investment tax credit of 35% if it breaks ground on new plants before a 2026 deadline. TSMC on Thursday reported June quarter sales, which rose a better-than-anticipated 39%, helped by an AI spending boom. Highlights to look out for: Monday: HCL Technologies (HCLT IN) may show better growth than its peers, aided by its research & development and engineering divisions. The company said last quarter that it was seeing efficiency gains from AI, and hiring may not grow in line with revenue. HSBC Global Research said the company is unlikely to revise its annual revenue growth forecast of 2%-5%, which is higher than the projections made by rival IT firms. Tuesday: No major earnings of note. Wednesday: Tech Mahindra's (TECHM IN) first-quarter net income likely rose 38%, the slowest pace in three quarters. Key areas to watch include the company's measures to improve its margins to 15% by fiscal year 2027 and its turnaround efforts to boost revenue, according to Kotak Institutional Equities. Thursday: Axis Bank's (AXSB IN) net interest margin should decline from a quarter ago, reflecting the impact of the Indian central bank's interest rate cuts. The country's banks in general are likely to sustain their control on operating expenditures and are seen reporting strong treasury gains, according to analysts from ICICI Securities. Friday: JSW Steel's (JSTL IN) first-quarter net income almost tripled, consensus shows. Price pressures linked to weaker China steel demand and US tariffs could be offset by robust demand on domestic consumption and government capex, lower coal costs and a 12% temporary safeguard duty on some imports, BI said. --With assistance from Pradeep Kurup and Cindy Wang. More stories like this are available on
Time of India
04-07-2025
- Business
- Time of India
Code it my way: Techies learn to 'vibe' with AI
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Ayush Bansal, a mid-level engineer at a large software development company in Noida, has a confession: he has outsourced coding. He spends his working days instructing an AI system precisely what code he wants it to write for reflects a seismic shift happening across the tech industry in India and elsewhere. The job description for a 'coder' is no longer mastering a programming language, but an ability to communicate a vision to a machine in plain English. In the tech corridors, this has a name: vibe coding . "Vibe-coding is a new way of writing code," said Jitendra Kumar, chief technology officer at online digital skills platform than rote coding proficiency, this approach requires higher-order thinking skills such as prompt engineering , model finetuning, interpretive debugging, and low-level design communication - or the ability to clearly explain the solution process for a problem, Kumar India's large tech workforce, the implications are profound. Developers today must learn how to craft prompts, communicate complex tasks in plain English, and assess AI-generated outputs with precision and clarity. "Vibe coding is fundamentally changing the way we build," Bansal explained. "It's fast, intuitive, and lets us bring ideas to life in hours instead of weeks. The real skill now is knowing how to ask the AI the right questions and shaping the output into something great."The pressure to adapt is intensifying. According to hiring platform Unstop, in 2023, just 12% of software engineering job postings mentioned ' AI collaboration ' or 'prompt engineering'; today, that number has jumped to 68%.A shift from AI-augmented coding is fast turning into a baseline skill rather than a differentiator for software engineers, said Ankit Aggarwal, chief executive of with AI fluency are already commanding 20-30% salary premiums, and hiring managers are prioritising AI/ML (artificial intelligence and machine learning) expertise above all the same time, jobs built around repetition and routine are being automated. "Three roles are going in for a change: entry-level and repetitive frontend development, manual quality assurance and testing, and basic data scripting and database management," Aggarwal today must learn how to craft prompts, communicate complex tasks in plain English, and assess AI-generated outputs with precision and clarity, experts transition demands more than just technical training. It requires a rethinking of how software development is taught and understood. "The way we have been taught in our colleges, these life skills-algorithmic thinking, critical thinking, problem solving-were never part of the core curriculum," said Ankur Dhawan, chief technology and product officer at online education platform stresses the growing importance of low-level design. "You don't have to just solve the problem," he this reflects a broader industry shift, as tech companies are under pressure from their clients and users to innovate and deploy AI-enabled software solutions and apps to a 2025 McKinsey report titled 'The State of AI', 78% of businesses use AI in at least one function, with the IT sector seeing a 9% increase in AI use within six say vibe coding, or AI-enabled coding , helps tech companies accelerate the delivery of final products, cut down on training costs, and strategically allocate their workforce. It also provides a competitive edge in faster development compared to an expert put it, "Today, if someone resigns, the response is often, 'no worries, I'll just buy another license of Cursor'."Cursor is an AI code editor. Other popular tools for vibe coding include GitHub Copilot, Replit Ghostwriter, Amazon CodeWhisperer, Tabnine, Codeium, and Sourcery.
