Tag: TECH MAHINDRA LTD
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Tech Mahindra Employees to Receive Salary Hikes Starting January 2025
According to reports, Tech Mahindra has started rolling out salary hikes averaging 7% for employees, with top performers receiving up to 12%. The adjustments come after an 18-month hiatus for senior executives. The company’s move aims to retain employees, amidst high corporate profits and stagnant real wages. These salary changes align with wider trends across…
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Divergent Approaches to AI among Indian IT Services Firms
Indian IT firms exhibit varying strategies in AI; Infosys and Tech Mahindra favor small AI models to lower costs, while TCS and others focus on existing tools. Smaller models dominate due to cost efficiency and specialized applications, amid security concerns with large models. Currently, revenue from generative AI remains unreported by major players, contrasting with…
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Indian IT Sector Poised for Modest Growth Amid Challenges
– TCS and Infosys expect higher growth; Wipro and Tech Mahindra face declines. – Total of 17,188 new employees added by major firms in 2024. – TCS and Infosys reported growth of 4.6% and 3.9%, largely from the Americas. – Wipro projects a slight revenue decline while Tech Mahindra shows improved outlook. – Optimism for…