HCLTech’s first quarter net drops 10% YoY to Rs 3,843 crore, revenue up 8%

India’s third-largest software services company reported a net profit of Rs 3,843 crore in the three months ended June, historically a soft quarter for the software business. Margins fell 16.3% during the quarter amid lower employee utilisation “due to delay in implementation and ramp-down of a specific program, which resulted in a larger bench.”

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Very unfair criticism to call TCS one-trick pony: CEO K Krithivasan

TCS CEO K Krithivasan attributes recent revenue dips to global economic uncertainties impacting client spending. Despite challenges in sectors like airlines and auto, TCS remains confident, dismissing reliance on the BSNL deal as a mischaracterization. Strategic moves, including service line alignment and AI integration, aim to drive future growth and adapt to evolving IT service models.

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Smaller EV players nearly wiped out as FAME-II crackdown triggers sales collapse

Electric two-wheeler makers penalised for FAME-II subsidy violations have experienced a significant sales decline, with smaller players struggling. Government crackdown consolidated market share among compliant companies like TVS and Bajaj. Investigations into fraudulent subsidy claims led to subsidy suspensions and price increases, impacting consumer demand. A new FAME-III programme is anticipated to promote electric mobility with stricter compliance.

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JEECUP 2025: Round 2 seat allotment announced at jeecup.admissions.nic.in for UP Polytechnic

JEECUP has announced the round 2 seat allotment for UP Polytechnic admissions 2025. Candidates can check their results on jeecup.admissions.nic.in and must complete seat acceptance fee payment, document verification, or seat withdrawal within the specified dates. The counselling process includes seven rounds, and the current phase runs from July 13 to 17, 2025. Candidates are required to carry original and photocopies of specified documents for verification at district help centres.

from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India
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Does AI actually boost productivity? evidence is murky

A survey of 2,500 professionals found generative AI actually increased workload for 77% of workers. Some 47% said they didn't know how to unlock productivity benefits. The study points to barriers such as the need to verify and/or correct AI outputs, the need for AI upskilling, and unreasonable expectations about what AI can do.

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SpaceX to invest $2 billion in Musk's xAI startup: Report

SpaceX has invested $2 billion in xAI as part of a $5 billion equity round, strengthening Elon Musk's AI endeavors. This investment values the merged xAI and X at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla's Optimus robots. Despite controversies, Musk touts Grok as the smartest AI, driving xAI's heavy spending on development.

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xAI apologises for Grok's offensive posts

The company said the change occurred after the chatbot was prompted to "reply to the post just like a human" as well as "tell like it is and you are not afraid to offend people who are politically correct." As a result, Grok became susceptible to users' "extremist views," which made it produce "responses containing unethical or controversial opinions to engage the user."

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