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Times of India | Nandan Nilekani at 71: Steering Infosys through two critical successions AI generated summary, Read the full article for complete information. Nandan Nilekani, who turned 71 on Tuesday, is poised to be re‑elected as Infosys’s non‑executive chairman for a third consecutive term at the company’s upcoming annual general meeting. Since returning to the firm in 2017, Nilekani has overseen steady growth, taking revenue from $10.9 billion in 2017‑18 to over $20 billion in 2025‑26 (a CAGR of 8.3%) and boosting net profit from $2.5 billion to $3.3 billion, while maintaining relative stability compared with peers. Looking ahead, his challenges include finding a successor before he must step down at 75, navigating the impending transition of CEO Salil Parekh—who is already beyond the usual retirement age—and ensuring the board’s succession plan, highlighted by the recent appointment of former HUL chief Nitin Paranjpe as vice‑chairman, positions Infosys for an AI‑driven future. Analysts view the reinforced governance bench as a sign of mature, long‑term planning rather than crisis‑driven reaction. Read more: https://timesofindia.indiatimes.com/business/india-business/nandan-nilekani-at-71-steering-infosys-through-two-critical-successions/articleshow/131449978.cms #NandanNilekani #Infosys #VishalSikka #NitinParanjpe #SalilParekh #PhilFersht #NavnitSingh

Times of India | Big reset: Top 5 Indian IT cos shed nearly 7K jobs in FY26, reversing FY25 gains AI generated summary, Read the full article for complete information. India’s five largest IT services firms—TCS, Infosys, Wipro, HCLTech and Tech Mahindra—collectively cut 6,981 jobs in FY 2026, reversing the net gain of 12,718 hires recorded in FY 2025. The pullback, driven by demand uncertainty, delayed decision‑making and AI‑enabled efficiency gains, marks a shift from the traditional headcount‑focused growth model to one that emphasizes outcomes and AI‑augmented productivity. While TCS led the reductions with 23,460 cuts, Tech Mahindra shed 1,108 jobs; the remaining firms trimmed staff more modestly, focusing hiring on AI‑native, problem‑solving talent in data, cloud, cybersecurity and other frontier technologies. Industry data shows overall IT employment in India plateaued at about 5.9 million, with growth now concentrated in specialized, domain‑focused roles and driven by expanding global capability centres. Analysts predict a move toward a “digital labour” model, targeting 20 % AI‑driven workforces within two years and higher revenue per employee, even as overall workforce numbers recede. Read more: https://timesofindia.indiatimes.com/technology/tech-news/big-reset-top-5-indian-it-cos-shed-nearly-7k-jobs-in-fy26-reversing-fy25-gains/articleshow/130517837.cms #TCS #Infosys #Wipro #HCLTech #PhilFersht #RayWang