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A large part of the dent is because of the increasing costs, competition and regulatory changes reducing client spends impacting the automotive manufacturing sector in key European regions, industry experts say.
Virtusa Corporation Announces New President and CEO
Virtusa Corporation announces Nitesh Banga as their new President and CEO, effective February 3, 2025, succeeding Santosh Thomas. Previously with GlobalLogic, Banga brings extensive experience in technology services. Thomas, who joined in 2021, will remain as a strategic advisor during the transition. The leadership change aims to drive growth and innovation in digital and AI technologies.
Zoho Unveils Agentic AI Capabilities
Zoho, on Tuesday, unveiled its agentic AI capabilities across its platform, allowing enterprises to access, create, and deploy intelligent, autonomous digital agents. In the coming weeks, Zoho and ManageEngine will preview pre-built, task-specific agents throughout Zoho’s product suite. "We want the LLMs today for a chain of thought reasoning and not memorising our data...We also need output engineering," said Sridhar Vembu, chief scientist and co-founder of Zoho Corp.
TCS and Wipro Executives Acknowledge Future Workforce Trends
For the first time, top executives of TCS and Wipro, among others, have acknowledged that the correlation between workforce addition and revenue may fade in the future due to GenAI-driven efficiency and productivity gains.
CtrlS Datacenters Expansion in Hyderabad
CtrlS Datacenters is set to establish a new Datacenter Park in Hyderabad's Chandanvelly Industrial Park on a 40-acre plot, significantly expanding its IT load capacity. The facility, with cutting-edge cooling technologies, reflects rapid growth in India's datacenter industry driven by digital transformation and data localization requirements.
Wondrlab Acquires Majority Stake in BigStep Technologies
Wondrlab has acquired a majority stake in BigStep Technologies. This acquisition will boost Wondrlab's capabilities in Generative AI and custom software solutions. BigStep Technologies, known for providing innovative enterprise solutions, will now have access to Wondrlab's extensive network and European markets. The collaboration aims to drive innovation and expand their combined offerings globally.
