The Times Of India

Cognizant, Capgemini slide into sub-revenue valuation territory A tale of two companies: both Cognizant and Capgemini are now trading at market capitalisations below their annual revenue. It is a striking signal of investor caution toward businesses operating on mid-teen margins, a characteristic of the IT services sector that offers little cushion when growth slows. Cognizant's market capitalisation stood at $22.3 billion as of Friday, down 22% over the past month and 44% over the past year. That places it near the lower end of the company’s FY26 revenue guidance of $22.1 billion to $22.6 billion. Its full-year outlook factors in recently completed acquisitions, with 3Cloud and Astreya expected to contribute roughly 150 basis points to revenue growth. Capgemini tells a similar story. The French IT services company closed Friday with a market capitalisation of around $18 billion against trailing 12-month revenue of $22.4 billion. AI-native challengers are no longer staying in their lane. They are moving into services delivery and exploring acquisitions in the sector, forcing incumbent IT firms to rewire their operating models on the move—while simultaneously navigating macroeconomic headwinds, softer client spending, and AI-led pricing pressure. Phil Fersht Fersht, CEO of HfS Research, said, “US investors are obsessed with AI and we're in an era where people-heavy businesses are not fashionable." The brokerage noted that Cognizant's third-party sales accounted for 47% of organic growth. However, the healthcare vertical is facing visible stress, effectively leaving growth dependent on a single vertical. Kotak Institutional Equities added that growth in the 2026 calendar year could become increasingly dependent on third-party sales, similar to trends seen in the first quarter of 2026, potentially diluting growth quality. https://lnkd.in/gN3V-7Ne Download the TOI app now: https://lnkd.in/g2WUKdd #nasscom #tech #artificialintelligence

Stopped paying for ChatGPT API. Here's what I use now 👇 ChatGPT and Claude APIs get expensive fast. Especially when you're building something with high usage. MiniMax M2.7 is what I've been using instead and in my latest video I show you exactly how to set it up in Cursor, VS Code, and Claude Code from scratch. Live demos included: → Building circuit breaker → Applying rate limit → Implementing SOLID principles YouTube link 👉 https://lnkd.in/dR4Weztw

If you can describe your system architecture without using the word "microservices," try. Not because microservices are bad. Because the word has become fog. It hides whether you have actual independent services with clear boundaries, or a distributed monolith where one service going down kills six others. The architecture is in the dependencies, not the deployment.

I know I’m a little late to post this, but some moments aren’t meant to be rushed. I received my MBA degree, and it still feels unreal. Sitting in that same auditorium where I once walked in as a nervous, uncertain student for orientation, and then returning to that very space to receive my degree—it felt like life completing a full circle. And in that moment, I paused. Not because the journey ended, but because I could finally see how much I had changed. The Kashish who entered NMIMS in 2024 and the one walking out in 2026 are not the same person. This version of me has struggled, doubted, and cried, but she never stopped showing up. She chose growth even when it was uncomfortable and pushed through days that felt overwhelming, figuring things out one step at a time. Independence didn’t come easy, but it came. Somewhere along the way, I also found people who made this journey meaningful. Not many, but the right ones “the kind you hold on to”. Above everything, I know I stand here because of my parents, especially my dad. Even when I was at my lowest and couldn’t believe in myself, he never stopped believing in me or the future I could build. His faith stayed stronger than my doubts, and that is something I will always carry with me. Today, I walk out stronger, more resilient, and more certain of one thing that I trust myself. I may not have everything figured out, but I know I can handle what comes next #MBA #Convocation #NMIMS #Gratitude #NewBeginnings #GrowthJourney

I've been building things with Claude for several months now. A personal website, a browser game called Office Survivors, an iPad app called Planetia that's on the App Store. I don't write code. I'm a product manager. Along the way I figured out a system that works for me, and I wrote a post about it. The short version: I match effort to stakes. 70% of my Claude usage is just typing and going. For anything important, I spend two minutes asking Claude to review my prompt before I run it. For anything I'm actually building, I plan in Claude.ai , run an adversarial review where I ask Claude to tear apart its own spec, then build in Claude Code one phase at a time. The adversarial review is the part I didn't expect to matter so much. When I was building the solar system explorer for my kids, I thought my spec was solid. The review found 30 issues. Eight were critical. Things like the Sun's size being a 60% range instead of a concrete number, or interactivity not showing up until halfway through the build. Twenty minutes of review caught problems that would have taken hours to fix later. The full post covers all of it: prompt improvement, the three-tool workflow, what went wrong, and context window lessons I learned the hard way. Link in comments.

NVIDIA rewards 10k India staff, payouts up to Rs 1 crore A majority of Nvidia's 10,000 India-based employees have received CEO Jensen Huang's one-time special stock grant, with payouts ranging from over Rs 5 lakh to as much as Rs 1 crore over the grant period, according to data from US-based salary tracker 6figr.com . The "Jensen Special Grant," rolled out in 2024, is a one-time stock award that provides employees an additional 25% of their initial restricted stock units (RSUs). The grant vests over four years, with values determined in local currency and converted into US dollars at an exchange rate of Rs 82.9 per dollar. RSUs were allocated based on an average Nvidia share price of $898.2 and will vest over four years, starting with 6.25% on Sept 18, 2024, followed by equal quarterly instalments, ending in 2028. In one instance, a mid-level employee in a solutions architecture role (IC2) received eight additional RSUs under the special grant, valued at about Rs 5.3 lakh at the time of allocation. This was in addition to an equity grant of 29 RSUs worth roughly Rs 21.5 lakh. The document further shows that the employee's total unvested equity stood at 156 RSUs, valued at over Rs 1.2 crore as of April last year. At NVIDIA India, stock-based pay can account for 50% to 75% of total compensation, making it the primary driver of long-term wealth creation. For mid- to senior-level roles, equity grants often far exceed fixed salaries. Deep technical expertise, especially in hardware and AI, commands a significant premium over managerial tracks, with top engineers earning Rs 2-3 crore in annual compensation, according to 6figr. At the upper end, IC6 engineers form the highest-paid cohort, with software engineers at this level earning an average of about Rs 1.8 crore, and top earners approaching Rs 1.9 crore. "What we're seeing at NVIDIA is the emergence of a new compensation philosophy for the AI economy," said Yashveer Rana , co-founder of 6figr.com .com. "Equity is replacing cash as the dominant lever, tying individuals directly to the upside they help create. Those closest to the models, the chips, and the core technology are not just employees, but stakeholders in the company's future." Akhilesh Tuteja ,, partner and national leader (clients and markets) at KPMG India , said, "In emerging deep-tech areas like semiconductors and AI, the difference in outcomes between a 'good' engineer and a 'great' one can be significant. In such roles, equity is no longer just a retention tool; it has become the primary wealth creator. As global firms deepen their India footprint, stock-linked compensation is increasingly aligning Indian talent with global value creation." https://lnkd.in/gXnGxkeZ Download the TOI app now: https://lnkd.in/gpzvkzu #salary 6figr.com