IT FIRMS
When your boss gets too personal: Expert tips to shut down unwanted comments without risking your job
When workplace banter gets too personal, it’s time to take control. If your boss starts commenting on your dating life or private affairs, don’t ignore the discomfort. Career experts share tactful ways to set clear boundaries, keep conversations professional, and escalate if needed. Learn how to protect your peace without burning bridges in today’s increasingly blurred work-life culture.
Large cement makers report volume growth in Q4; expect to continue momentum in FY26
Cement companies experienced volume growth in Q4 FY25, anticipating improved performance in FY26 due to infrastructure spending and rural recovery. Despite lower sales realization, enhanced capacity utilization and cheaper input costs boosted volumes for major players like UltraTech and Ambuja Cements. While some firms reported profit declines, the industry remains optimistic about future demand, tempered by geopolitical and trade concerns.
Delhi HC to hear on Monday Turkish firm Celebi's plea against revoking of security clearance
The Delhi High Court will address petitions from Celebi Airport Services India and another firm. These petitions challenge the aviation watchdog BCAS's decision. BCAS revoked their security clearance citing national security interests. This action occurred after Turkey's support for Pakistan. The court hearing is scheduled for May 19. Celebi has been operating in India for over 15 years.
Market valuation of 9 of top 10 firms jumps Rs 3.35 lakh cr; Reliance biggest winner
Nine of the top 10 valued firms added Rs 3.35 lakh crore in their market valuation last week in tandem with a positive trend in equities, led by Reliance Industries. HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC were the gainers among the top 10 companies. Bharti Airtel was the only laggard.
Several global consulting firms evince interest to implement Vedanta's USD 20-bn expansion projects
Vedanta Ltd is set to finalize a consulting firm this quarter to implement its USD 20 billion expansion projects across metals, mining, and hydrocarbons. The company has received significant interest from global consulting firms following its expression of interest. This expansion aligns with Vedanta's restructuring into four separate entities, expected to be completed by September-end.
CXOs spending more time weighing risks and responsibilities of new roles, companies deal with uneasy wait
Senior leaders are now spending more time weighing risks and responsibilities of new roles amid a volatile business environment. Resilient demand for seasoned C-suite professionals is also working in their favour despite an overall soft job market. “For a CEO or CXO in their mid-40s, the next ten years are critical—reset years,” said D Shivakumar, former CEO at PepsiCo, and currently operating partner at Advent India.
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Big tech, small cheques: A decade of déjà vu for India’s IT freshers as CEO salaries soar
India's IT sector has witnessed a surge in exports and executive salaries, but entry-level engineers from non-premium colleges face stagnant starting pay, hovering around ₹3-4 lakh annually. Oversupply of graduates and declining billing rates contribute to this disparity, while companies focus on skill-based compensation and training investments. GCCs are emerging as a potential game-changer, offering higher salaries for specialized roles.
World leader in digital assets? Toronto emerges as a global blockchain hotspot as Canada’s steady crypto rules outpace America’s political gridlock
Canada emerges as a frontrunner in crypto and blockchain. Toronto becomes a hub for innovation due to clear regulations. Robinhood acquires WonderFi to tap into the Canadian market. JPMorgan, Ondo, and Chainlink plan a $100 billion blockchain platform. This platform will tokenize real-world assets. The collaboration aims to bridge traditional finance with blockchain technology.
Gensol CFO resigns, days after exit of promoters
In his resignation letter, available on stock exchanges, Aga said Gensol Engineering is currently facing significant challenges, with multiple regulatory bodies conducting investigations and the top management resigning from their respective roles.
Dr Reddy's gets 2 observations from USFDA for New York API plant
Dr. Reddy's Laboratories announced that the USFDA issued a Form 483 with two observations after a GMP inspection of its API manufacturing facility in Middleburgh, New York. The inspection, conducted between May 12-16, 2025, identified potential violations of the Food Drug and Cosmetic Act.
Operation Sindoor: How India’s private sector is arming our military, and why it could transform the future of defence
Operation Sindoor highlights India's growing defence capabilities, driven by private sector innovation. Companies like Tata Advanced Systems and Paras Defence are now key players, developing drones, electronic warfare systems, and aircraft. Government policies and initiatives are fueling this growth, with India aiming to become a global drone hub and significantly increase defence exports, focusing on space as the next frontier.
IT salary growth: Infosys, Wipro hike median pay by 30% since FY21
Indian IT firms like Infosys and Wipro have seen median salary increases of 30% since FY21, while Tech Mahindra's pay remained flat recently. Global firms Cognizant and Accenture experienced more moderate hikes. However, the growth rate of annual increments is showing a cooling trend across the industry, influenced by factors like growth and attrition.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Manali hotel representatives, locals demand cancellation of Turkish firm's railway survey over security, livelihood fears
Representatives in Manali voice strong opposition to the Bilaspur–Manali–Leh railway survey conducted by Turkish company Yüksel Proje, citing national security risks due to Turkey's pro-Pakistan stance. Concerns also include potential damage to local horticulture, livelihoods, and the region's natural beauty. They demand immediate cancellation of the Turkish firm's involvement and a security review.
Corporate governance crucial for curbing fraud, says MCA report
The corporate affairs ministry has emphasized the importance of corporate governance to prevent fraud, protect investors, and maintain market confidence. This comes amid probes into alleged governance failures at Gensol Engineering and Byju's. The ministry highlighted legal safeguards under the Companies Act to ensure fairness and transparency, allowing stakeholders to address mismanagement.
“No noise, just unity”: Shark Tank judge Aman Gupta on why Operation Sindoor shows new India is unstoppable
Aman Gupta, Shark Tank judge and Boat founder, lauded Operation Sindoor, emphasizing the nation's unwavering support for its forces. He highlighted the unity of 1.4 billion Indians standing behind the mission. Gupta also expressed his sorrow and grief regarding the Pahalgam terror attack, conveying his condolences to the affected families.
New York-based Bat VC, cofounded by former X India head, announces $100 million AI-focussed fund
The fund, set up by former Twitter India head Manish Maheshwari, ex-Yahoo executive Aditya Mishra and Ravi Metta, will focus on sectors such as fintech and business-to-business (B2B) software-as-a-service (SaaS).
Government revokes security approval for Turkish ground handler Celebi
India's aviation security regulator has revoked the security clearance of Celebi Airport Services India, a Turkish ground handling firm, citing national security concerns following reports of Turkish drone usage against India. The government has allowed time till May 19 for other agencies to take over Celebi's operations, ensuring seamless passenger and cargo handling at affected airports.
UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries
The countries did not say which AI chips from Nvidia or other companies could be included in UAE data centres, but sources had said a deal would give the Gulf country expanded access to advanced AI chips. Nvidia Chief Executive Jensen Huang was seen in televised footage conversing with US President Donald Trump and UAE President Sheikh Mohamed bin Zayed Al Nahyan at a palace in Abu Dhabi on Thursday.
Adani Airport ends partnership with Turkish firm Celebi for Mumbai, Ahmedabad airports
Adani Airport Holdings has terminated its ground handling agreements with Turkish firm Çelebi at Mumbai and Ahmedabad airports, citing national security concerns after the Indian government revoked Çelebi’s security clearance. The firm has also ended its lounge services partnership with Chinese company DragonPass across its airports. Çelebi has rejected allegations of political affiliation, insisting it is globally owned.
US tariff jitters slow Indian IT firms’ deal momentum in first quarter
Technology deal signings have slowed in 2025 amid tariff uncertainties and reduced discretionary spending, with 10–15% of contracts delayed or under review. Indian IT firms face falling deal-win announcements and a 20% drop in project rates, especially in Europe, despite a stable deal pipeline.
Rules amended for entry of foreign legal firms
The Bar Council of India has amended rules to permit foreign lawyers and law firms to practice international law in India on a reciprocal basis, aiming to establish India as a hub for international arbitration. This decision allows foreign firms to advise on international matters, fostering competition and collaboration while safeguarding the domain of Indian lawyers.
OpenAI plans Stargate data centre in UAE in push beyond US: Report
It is not clear whether the ChatGPT maker will use the UAE data centre for its own work in the artificial intelligence (AI) space.
Google a 'monopolist', says Y Combinator in court brief
Y Combinator has accused Google of stifling US startup innovation by monopolising search and online advertising. In a legal filing, it claimed Google’s dominance deters investment in potential rivals. YC proposed curbing exclusive deals and opening Google’s search index, amid ongoing antitrust proceedings over Google’s anti-competitive practices and market control.
Rebound ahead: Why Motilal Oswal sees 30% upside in Suzlon Energy
Motilal Oswal projects a 30% upside for Suzlon Energy, reiterating a 'buy' rating with a target price of Rs 75, driven by the draft RLMM notification mandating local content in wind turbine manufacturing. This policy shift is expected to moderate competition and allow Suzlon to expand its market share due to its integrated domestic manufacturing capabilities.
US firm Vast keen to use Indian rockets for rides to its planned space station
Vast, a US-based company, aims to launch the world's first commercial space station by next year and is exploring the possibility of using Indian rockets for crew transport. CEO Max Haot met with ISRO to discuss collaborations, expressing interest in India's Gaganyaan project and the potential for hosting science payloads.
'No more Turkey companies in Maharashtra,' vows Shiv Sena as it storms Mumbai Airport over Turkish firm handling ground services
Shiv Sena leaders protested at Mumbai Airport, demanding the cancellation of a Turkish company's ground services contract due to Turkey's support for Pakistan amid heightened tensions between the two nations. The party asserts that Turkey cannot profit from Indian contracts while simultaneously backing Pakistan. Shiv Sena vowed to prevent any Turkish company from securing contracts in Maharashtra.
IT, SaaS switch on contingency plans to ensure biz continuity
This follows unease among certain clients over the unfolding geopolitical events in the subcontinent. It is more evident in companies such as HCLTech, TechM, Infosys, and consultancy firms EY, Deloitte, etc which have offices around or closer to border areas like Jaipur, Chandigarh, Ahmedabad and the National Capital Region (NCR).
GCCs, small companies see an opening in WFO rules
Resistance to work-from-office (WfO) requirements comes at a time when low salary hikes in IT sector are also making many unhappy. While companies may be conceding to some requests to retain key employees who may be hard to replace, some people are quitting jobs and joining smaller firms or global capability centres (GCCs) that are open to work-from-home or hybrid models.
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