bfsi

3+ articles

AI AI growth Automation BFSI Business Transformation

TCS Reports Q3 FY26 Profit Dip Amidst AI Growth Surge

Tata Consultancy Services (TCS) announces a Q3 FY26 net profit of Rs 10,657 crore, falling short of analyst projections amidst a backdrop of tepid tech spending. Despite this, the company sees a silver lining in its AI services, which generated $1.8 billion on an annualized basis, marking a remarkable 17.3% QoQ growth.

Jan 12

TCS Reports Q3 FY26 Profit Dip Amidst AI Growth Surge

Freshworks Embraces AI: Leadership Shake-Up Marks New Era

Freshworks is diving headfirst into the AI revolution with a significant leadership overhaul in 2024. As Girish Mathrubootham steps down as CEO to focus on AI strategies, Dennis Woodside takes the helm. The company aims to transform into an 'AI-first' SaaS powerhouse, poised to attract major clients in sectors like BFSI and media. While challenges like a 27% share price dip loom, the future of Freshworks glimmers with AI promise.

Dec 27

Freshworks Embraces AI: Leadership Shake-Up Marks New Era

Indian Fintech Faces AI-Driven Job Shakeup: Massive Layoffs on the Horizon

AI is set to reshape the Indian fintech workforce dramatically, with predictions of up to 50% layoffs in entry-level roles. A survey reveals fintech founders, BFSI professionals, and VCs foresee AI-driven automation as the disruptor, while companies like Zerodha pledge to avoid layoffs. Meanwhile, recent layoffs in the sector underscore the trend as automation becomes more prevalent.

Dec 27

Indian Fintech Faces AI-Driven Job Shakeup: Massive Layoffs on the Horizon