'India is often skipping legacy cycles and moving directly to advanced AI-driven operations.'
For engineers across the country, the Oracle job cuts served as a rude reminder of what the AI era has in store for the tech world.
US-based IT firm Oracle has reportedly laid off approximately 12,000 employees in India, with further layoffs expected. The company cited organisational changes and streamlining of operations as reasons for the retrenchment.
Oracle Corporation has reportedly laid off thousands of employees globally, including a significant number in India, with affected individuals receiving early morning termination emails and immediate laptop lockouts, despite the company posting record quarterly revenues of $17.2 billion.
ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.
Gautam Adani, Chairman of the Adani Group, has surpassed Mukesh Ambani to become Asia's richest person, with a net worth of USD 92.6 billion, placing him 19th globally according to the Bloomberg Billionaires Index.
Oracle India on Thursday launched its human resources management system with India specific HR features that include payroll system which incorporates the country's tax forms among others.
Shailendra Kumar, MD, Oracle India, details the India plan.
Nucleus Software Exports Ltd on Thursday said it has become Oracle India's certified advantage partner.
TeamLease Digital CEO Neeti Sharma discusses how AI is driving a structural reset in the tech industry, leading to layoffs, reshaping hiring practices, and increasing job insecurity.
Krishan Dhawan has taken over as the managing director of Oracle India Pvt Ltd, a wholly owned subsidiary of enterprise software company.
For weeks, the war skirted the edge of catastrophe without tipping over. Missiles flew, there was much destruction, commanders were assassinated, cities across the Gulf and even in Israel struggled to absorb the shock. But one line held: Energy infrastructure, the arteries of the global economy, remained largely untouched. That is no longer true. Prem Panicker continues his must read daily blog on the Gulf War.
Oracle India and Hewlett Packard India would jointly set up a e-governance Centre of Excellence in Gurgaon to support and provide a platform for e-governance applications in the country.
'Nehru was an idealist, he was certainly a visionary in one way, but Mao Zedong was not. Mao Zedong was a very down-to-earth strategist. He wanted to take Tibet, to take the plateau, to take the rivers, to take the minerals.'
'We also realised that locking customers to our Cloud was not fair to them.'
From the USA to UAE, Canada to Italy, Indian-origin cricketers will represent associate nations at the T20 World Cup. Meet the Desis chasing global glory at a home away from home.
T20 WC: Mumbai-born USA pacer Netravalkar awaits emotional reconnect with Wankhede
Oracle India Pvt Limited, a subsidiary of leading enterprise software company Oracle Corp of US, has identified the vast small and medium market in the country to boost revenue growth.
...compared with 153,000 in all of 2024.
The company is looking to support its hiring campaign through innovative social media initiatives, using platforms like Twitter, Facebook, Linkedin, YouTube and the Oracle HR blog.
Company sources explain that if an employee is a billable resource for 15 days a month, he will be paid in full for that period while for the rest of the period, he is paid a "nominal" amount. Replying to an email query, a company spokesperson in India said: "Oracle does not comment on speculation or rumours."
The investments include Oracle's approximately two billion dollar acquisition of Mumbai-based banking software company i-flex Solutions two years ago. Oracle holds about 83 per cent in i-flex, which is listed on the Indian bourses. The enterprise software major has seven development and solution centres in India. On Thursay, it opened two centres -- Asia R&D unit and Partner Solutions Centre -- in Gurgaon to focus on Indian market.
Global tech giants surprisingly prefer skills over IIT and IIM tags which no longer guarantee entry into the world's most innovative workplaces.
'India may never fully participate in the AI hype cycle, but we can position ourselves to benefit from its inevitable disenchantment and the cycle of disillusionment,' alerts Akash Prakash.
Oracle India Private Ltd (Oracle India) will host the premier 'Oracle Open World' conference in Mumbai from January 10, 2006.
'The danger is that when the music stops, the fall will be sudden, faster, and deeper than anyone expects,' warns Debashis Basu.
Enterprise software company Oracle India would look for business opportunities in banking and healthcare segments during the next one year, managing director Shekhar Dasgupta said.
Colliers reports that GCC leasing has jumped from 4.6 million square feet in 2021 and is expected to hit 10.6 million square feet by 2025 -- a clear sign that multinationals see Bengaluru as a long-term base.
'I expect IT stocks to trade lower for some time. They are unlikely to make money for investors.'
Oracle Corporation will bank on small and medium business segments to further its growth in India and expects to secure a "commendable" size of the SMB market, which had posted a 40 per cent growth in last quarter.
'Most of them (H-1Bs) are from one country, India, there's a cottage industry about how all those people make money off this system.'
Enterprise software maker Oracle said on Monday it will continue to hire aggressively in India at the rate of 250 people a month.
Investors in India's information technology (IT) companies are likely in for more pain ahead as muted earnings for the first quarter of 2025-26 (Q1FY26) play spoilsport at the bourses in the worst-performing sector this year amid macro uncertainties. Investors, analysts suggest, can look for better opportunities in the markets as things stand.
Oracle will provide software grants worth more than $114 million to 60 Jawahar Knowledge Centres (JKC) in Andhra Pradesh.
President of Oracle Corporation Charles E Philips Jr will visit India on July 22 and 23, Oracle India said on Monday.
Oracle introduced on Thursday complete and affordable IT solutions for the cooperative banks in the country.
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