IT

The recent disclosure of a Rs. 26 crore annual compensation package for the CEO of Tata Consultancy Services (TCS) has sparked a wave of public debate, especially in light of the company’s decision to lay off 12,000 employees. The contrasting headlines—record executive pay versus large-scale job cuts—have intensified scrutiny around corporate governance, income disparity, and ethical leadership within India's IT sector.

Wipro, a global leader in IT consulting and services, has clinched a significant multi-year contract with Saudi Electricity Company (SEC), marking a major stride in its Middle East expansion strategy. The deal underscores Wipro’s growing influence in the energy sector and highlights the company's role in accelerating digital transformation for critical infrastructure providers. Through this strategic engagement, Wipro is set to deliver a suite of advanced technology services aimed at enhancing SEC’s operational efficiency, customer experience, and grid modernization.

Wipro Ltd., one of India's leading IT services companies, reported a 9.8% year-on-year increase in consolidated net profit for the first quarter of FY25, reaching Rs. 3,336.5 crore. This rise comes amid early signs of stabilization in client spending across key markets, particularly in North America. The company’s revenue remained steady, with marginal growth, while cost optimization and productivity improvements contributed to the margin uptick.

Tech Mahindra's shares came under pressure following the release of its first-quarter earnings, which fell short of market expectations. The IT services major reported subdued performance across key financial metrics, reflecting continued demand softness in the global technology outsourcing sector. Revenue and profit margins remained under strain, particularly in the communications vertical, as clients delayed discretionary spending. The muted earnings prompted a decline in investor sentiment, resulting in a drop in the company’s stock price.

In a striking departure from traditional views on work culture—especially those espoused by its co-founder N. R. Narayana Murthy—Infosys is actively promoting a healthier work-life balance for its employees. Through a new internal HR campaign, the IT giant is tracking working hours and discouraging excessive overtime, particularly in remote work setups. The move comes amid rising concerns over burnout in the tech sector and reflects a broader shift in corporate India’s evolving workplace ethos.