Peerzada Abrar, Avik Das

Stories by Peerzada Abrar, Avik Das

OpenAI, Anthropic Threat For India's IT Majors

OpenAI, Anthropic Threat For India's IT Majors

Rediff.com   4 days ago

OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.

Walmart's India Sourcing Crosses $40 Billion Mark, Bolstering Export Push

Walmart's India Sourcing Crosses $40 Billion Mark, Bolstering Export Push

Rediff.com   8 May 2026

Retail giant Walmart has announced that India has become one of its fastest-growing sourcing hubs globally, with the company having procured over $40 billion worth of goods from the country. This initiative aims to expand supplier capabilities, improve compliance standards, and help Indian manufacturers scale exports worldwide.

Cognizant to spend up to $320 million on AI-led restructuring, workforce impacted

Cognizant to spend up to $320 million on AI-led restructuring, workforce impacted

Rediff.com   8 May 2026

IT services giant Cognizant is embarking on a significant AI-led restructuring programme, Project Leap, involving an investment of up to $320 million, which will lead to workforce reductions across geographies and a strategic shift towards AI capabilities to boost productivity and margins.

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Rediff.com   30 Apr 2026

Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Rediff.com   29 Apr 2026

Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Cognizant CEO Ravi Kumar's Compensation Jumped 28% to $21.5 Million Last Year

Rediff.com   18 Apr 2026

Cognizant CEO Ravi Kumar's annual compensation increased by 28 per cent to $21.5 million in 2025, while CFO Jatin Dalal's compensation dropped by 30 per cent to $7.08 million, according to a recent proxy statement.

India's e-retail aisles buzz again, market hits $66 billion

India's e-retail aisles buzz again, market hits $66 billion

Rediff.com   17 Apr 2026

India's online retail market concluded 2025 with electronic retail (e-retail) gross merchandise value (GMV) reaching $65-66 billion, a 19-21 per cent increase, according to a report by Bain & Company and Flipkart. This growth is significantly driven by GenZ shoppers and the rapid expansion of quick commerce, which has emerged as a global leader.

Quick Commerce Hits Saturation in Metros, Profitability Challenged

Quick Commerce Hits Saturation in Metros, Profitability Challenged

Rediff.com   11 Apr 2026

India's quick-commerce (qcom) industry is facing significant profitability challenges in metro markets due to saturation and intense competition, with the number of dark stores already exceeding profitable capacity, according to a Bernstein report.

Wipro's $1 bn Olam deal, Mindsprint acquisition marks major strategic win

Wipro's $1 bn Olam deal, Mindsprint acquisition marks major strategic win

Rediff.com   7 Apr 2026

Wipro, India's fourth-largest IT services company, has secured an eight-year deal with Singapore-based Olam group, valued at over $1 billion, and will also acquire Olam's IT and digital services arm, Mindsprint, for $375 million, marking one of its largest contracts to date.

Proposed H-1B wage hike to impact Indian IT, favouring higher-skilled workers

Proposed H-1B wage hike to impact Indian IT, favouring higher-skilled workers

Rediff.com   6 Apr 2026

The Trump administration's proposed H-1B wage structure aims to increase pay for skilled overseas workers in the US by an average of $14,000, with Level I wages potentially rising to $97,746. This move, coupled with a weighted selection process favouring higher-skilled workers, is intended to curb abuse of visa programmes and ensure parity with American workers, but has already led to a sharp decline in H-1B applications, particularly from Indian IT companies.

Ola Electric shifts IPO funds from R&D to debt amid sales slump

Ola Electric shifts IPO funds from R&D to debt amid sales slump

Rediff.com   28 Mar 2026

Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.

Gulf War: Nasscom Warns Firms Of Cyber Threat Surge

Gulf War: Nasscom Warns Firms Of Cyber Threat Surge

Rediff.com   17 Mar 2026

'Periods of geopolitical uncertainty often see a rise in coordinated cyber threats, disinformation campaigns, and infrastructure targeting.'

AI Skills Enter Employee Performance Reviews

AI Skills Enter Employee Performance Reviews

Rediff.com   11 Mar 2026

The message is becoming clearer: Employees who fail to meaningfully integrate AI into their work risk falling behind in performance assessments.

AI-Skilled Graduates Make Up 60% Of TCS Fresher Hiring

AI-Skilled Graduates Make Up 60% Of TCS Fresher Hiring

Rediff.com   2 Mar 2026

'A prime hire can have a salary as high as Rs 11 lakh at the entry level and above.'

AGI Dream 'Meaningless': Godfather Of AI

AGI Dream 'Meaningless': Godfather Of AI

Rediff.com   21 Feb 2026

'We could well be in a world where AI already has these dangerous capabilities and that is why there is a need for careful scientific evaluation to determine the risk and capabilities of these machines.'

AI startup Sarvam launches two made-in-India large language models

AI startup Sarvam launches two made-in-India large language models

Rediff.com   19 Feb 2026

Indian artificial intelligence (AI) startup Sarvam launched two indigenous large language models (LLMs) specifically trained on Indian languages on Wednesday.

Anthropic's Scores Big On India Revenue

Anthropic's Scores Big On India Revenue

Rediff.com   19 Feb 2026

India is emerging as Claude.ai's second-largest user base, driven by strong adoption in coding, maths and enterprise AI tasks.

What Caused Nifty IT's 6% Fall On Thu?

What Caused Nifty IT's 6% Fall On Thu?

Rediff.com   13 Feb 2026

The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.

India-US trade deal brings glimmer of hope for beleaguered IT services players

India-US trade deal brings glimmer of hope for beleaguered IT services players

Rediff.com   11 Feb 2026

The India-US trade deal has offered a much-needed breather for the Indian information technology (IT) industry, which has been grappling with global macroeconomic uncertainty and subdued client spending over the past few years.

Cybersecurity biggest risk for enterprises: Ficci-EY report

Cybersecurity biggest risk for enterprises: Ficci-EY report

Rediff.com   9 Feb 2026

Cybersecurity breaches have emerged as the top risk shaping organisational performance, with 61 per cent of respondents identifying it as the primary risk, said a Ficci and EY report.