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Friday, January 30, 2026 12:27 AM

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Infosys limits WFH exemptions to five days per quarter, aligning with stricter policies at TCS and Wipro

Infosys has further tightened its work-from-home (WFH) framework, placing a cap on exemptions from working at the office (WFO) at five days per quarter, except in cases involving serious medical conditions of employees or their dependents. Any request beyond this limit will require valid medical documentation, including a doctor’s verification. Currently, employees at job level 5 and below are mandated to work from the office for at least 10 days every month. The new restriction specifically applies to requests seeking additional WFH days beyond this requirement. Managers have informed teams that there has been a sharp rise in last-minute WFH requests, prompting the company to enforce stricter planning and system-based pre-approvals rather than informal email requests. Managers have also clarified that requests not aligned with policy leave them with little flexibility. While Infosys has not officially commented, people familiar with the matter said that the company continues to allow up to 30 additional remote working days in cases of critical medical emergencies. The move is notable as Infosys leadership had recently stated that no changes were planned to its hybrid working approach. CEO Salil Parekh, during a post-earnings interaction earlier this month, had emphasised flexibility in how employees engage with the company and its clients. Infosys, which employs over 300,000 people, introduced its return-to-office policy in November 2023, requiring a minimum of 10 in-office days per month, though strict enforcement began in March last year. Employees must also spend at least three hours per day in the office. The tightening of norms mirrors similar steps by peers. Wipro has revised its policy effective January 1, requiring employees to work from the office three days a week for at least six hours daily, while cutting allowable remote days to 12 from 15 earlier. Meanwhile, TCS implemented a five-day office workweek last year and linked variable pay to office attendance, allowing limited WFH only for health-related reasons. Industry observers say these measures reflect the IT sector’s push for greater in-person collaboration amid shorter project cycles and slowing revenue growth, especially as AI-driven automation reduces dependence on large, people-intensive delivery models. Staffing experts suggest that 2026 could see more firms moving towards full-time office attendance, at least on designated workdays, to maintain agility and team coordination. Source: Economic Times

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Bank unions begin nationwide strike today, push for long-pending 5-day work week

Banking operations across public sector banks are set to face major disruption today, January 27, as bank employee unions commence a nationwide strike demanding the implementation of a five-day work week. The strike, called by the United Forum of Bank Unions (UFBU), comes after conciliation talks with the government failed to yield any breakthrough. With January 25 and 26 already declared holidays, customers are likely to experience a three-day disruption in services at public sector banks. Several banks had pre-emptively alerted customers about possible interruptions if the strike went ahead. UFBU, an umbrella body representing nine unions of bank officers and employees, said discussions were held over two days under the Chief Labour Commissioner, with participation from the Indian Banks’ Association (IBA), public sector banks, and officials from the Department of Financial Services (DFS) under the Ministry of Finance. However, the unions said the talks ended without a positive outcome, prompting them to proceed with the strike as planned. At present, bank employees get Sundays off along with the second and fourth Saturdays of every month. The demand for a five-day work week gained momentum after an understanding was reached between the IBA and UFBU during the wage revision settlement in March 2024, which included making all Saturdays holidays. Expressing disappointment over the government’s stance, UFBU reiterated that the proposed system would not lead to any loss of productivity, as employees have already agreed to extend daily working hours by 40 minutes from Monday to Friday. The unions also pointed out that institutions such as the Reserve Bank of India (RBI), Life Insurance Corporation (LIC), General Insurance Corporation (GIC), stock exchanges, and most government offices already follow a five-day work schedule, arguing there is no rationale for banks to be excluded. The strike is expected to largely impact public sector banks and some old-generation private lenders. Operations at major private sector banks such as HDFC Bank, ICICI Bank, and Kotak Mahindra Bank are unlikely to be affected. Source: PTI

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India Emerges as Cornerstone of UK’s £40-Billion Global Education Push

India has been identified as a priority market in the United Kingdom’s newly unveiled International Education Strategy, which sets out an ambition to grow Britain’s education exports to £40 billion a year by 2030. The strategy signals a clear shift in focus—from chasing international student numbers within the UK to expanding the global footprint of British education overseas. Under the plan, the UK government has constituted a new Education Sector Action Group that will work alongside the International Education Champion, higher education institutions, colleges and schools. The group’s mandate is to ease regulatory and trade barriers and help UK education providers scale up their presence in fast-growing international markets. At the same time, the Department for Education (DfE) has announced stricter compliance norms for institutions recruiting overseas students. These include tighter checks to ensure that those arriving in the UK are genuine students, along with the possibility of recruitment caps or even licence withdrawals for universities that fail to meet the new standards. Officials stressed that the revised approach removes numerical targets for international students in the UK and instead prioritises exporting UK education through overseas campuses, partnerships and transnational programmes. India features prominently among the UK’s focus countries, alongside Indonesia, Nigeria, Saudi Arabia and Vietnam. Emerging economies such as Brazil, Mexico and Pakistan have also been added to the strategy to widen the reach of British education globally. The International Education Champion, Professor Sir Steve Smith, will continue efforts to deepen academic and skills partnerships across these regions. UK Education Secretary Bridget Phillipson said the overseas expansion of British universities and colleges would help institutions diversify income streams, build long-term global partnerships and extend access to UK-quality education without students needing to travel abroad, while still supporting economic growth at home. The policy document highlights the University of Southampton’s Gurugram campus—the first foreign university campus established in India under the country’s revised UGC regulations—as a landmark development. It also references the joint announcement by Prime Ministers Narendra Modi and Keir Starmer in October 2025 regarding plans for nine additional UK university campuses in India. UK Trade Minister Chris Bryant described education exports as one of Britain’s strongest global success stories, driven by digital delivery, artificial intelligence and a growing focus on future-ready skills. Beyond commercial objectives, the strategy also underscores education’s role in enhancing the UK’s global influence, noting that British universities count more than 50 serving world leaders among their alumni. Government estimates suggest international students already contribute economic benefits worth around £560 per UK citizen. The strategy aims to build on this by working closely with the UK’s diplomatic network and the British Council to strengthen education systems worldwide. Officials reiterated that international student recruitment would continue to operate within the UK’s migration and visa framework, with firm enforcement to safeguard the integrity of the Graduate Route post-study work visa. Source: PTI

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Q3 Results: New Labour Codes Dent IT Majors’ Profits by ₹5,400 Crore

India’s leading IT services firms reported a sharp one-time earnings impact in the December quarter as the implementation of the new labour codes forced changes in employee benefit provisioning. Collectively, the country’s top six IT companies—TCS, Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree—absorbed a cumulative hit of around ₹5,400 crore, significantly weighing on their Q3 FY26 profit numbers. The new labour framework, which consolidates 29 existing laws, has altered the way companies account for benefits such as gratuity and leave encashment, resulting in substantial upfront provisions. Tata Consultancy Services (TCS), India’s largest IT exporter, faced the biggest impact. The company reported a statutory charge of ₹2,128 crore, leading to a 13.9% fall in net profit to ₹10,657 crore. CFO Samir Seksaria explained that the provision included roughly ₹1,800 crore towards gratuity and ₹300 crore for leave encashment. He also cautioned that the new codes are expected to reduce margins by 10–15 basis points on an ongoing basis. Infosys reported an exceptional one-time charge of ₹1,289 crore, which pushed its net profit down 2.2% year-on-year to ₹6,654 crore. CEO Salil Parekh said the labour codes would have a continuing annual margin impact of about 15 basis points. HCLTech recorded a one-off provision of ₹956 crore, dragging net profit down 11.2% to ₹4,076 crore. The company noted that, excluding this impact, profits would have registered growth. Wipro’s net profit declined 7% to ₹3,119 crore, affected by a ₹302.8 crore labour code-related charge along with restructuring costs. Tech Mahindra was the only major IT player to post profit growth during the quarter, with net profit rising 14% to ₹1,122 crore on improved margins. However, it too set aside around $30 million (approximately ₹272 crore) for compliance with the new wage codes. CFO Rohit Anand warned of a quarterly margin impact of about 20 basis points. LTIMindtree accounted for a one-time cost of ₹590 crore in Q3 due to the labour code implementation, adding to the sector-wide earnings pressure. Despite the near-term impact on profitability, IT leaders struck an optimistic note on business fundamentals, citing strong deal pipelines and accelerating demand driven by artificial intelligence (AI). Infosys posted an 8.9% rise in revenue to ₹45,479 crore in Q3 FY26 and raised its full-year revenue growth guidance to 3–3.5% in constant currency terms. The company reported large deal wins worth $4.8 billion during the quarter, with over half coming from new clients. Parekh highlighted strong momentum in AI adoption across customers, particularly in financial services, energy and utilities. Wipro’s revenue grew 5.5% year-on-year to ₹23,555.8 crore, supported by vendor consolidation and AI-led modernisation deals. CEO and MD Srini Pallia said enterprises globally are increasingly treating AI as a board-level priority, positioning the company well for future growth. Tech Mahindra secured new deals worth $1.096 billion in Q3, with CEO Mohit Joshi describing the demand environment as strong across regions and industry verticals. TCS reported a 4.86% increase in revenue to ₹67,087 crore. CEO K Krithivasan said AI and data-led services were key growth drivers, while COO Aarthi Subramanian noted that AI revenues rose 17% quarter-on-quarter to an annualised run rate of $1.8 billion. HCLTech posted a 13.3% rise in revenue to ₹33,872 crore, driven by a sharp sequential increase in advanced AI revenues and solid growth in engineering and R&D services. The company recorded $3 billion in net new bookings, up 43.5% year-on-year. CEO C Vijayakumar emphasised the firm’s focus on AI-powered offerings such as robotics, AI factories, custom silicon and large-scale digital transformation programmes. Hiring trends during the quarter were mixed. TCS reported a net reduction of over 11,000 employees, while Infosys and Wipro added 5,043 and 6,529 staff respectively. HCLTech indicated a strategic shift towards hiring “elite engineers,” offering significantly higher compensation to attract top AI talent. Source: PTI

Q3 Results: New Labour Codes Dent IT Majors’ Profits by ₹5,400 Crore Read More »

Wipro Cuts FY26 Fresher Hiring Outlook After Soft Q3 Performance

Wipro has scaled back its fresher recruitment plans for the ongoing financial year FY26, now expecting to hire 7,500–8,000 graduates, compared to its earlier guidance of 10,000–12,000. The revision follows a subdued performance in the third quarter, during which the IT major onboarded only around 400 freshers. Addressing analysts during the company’s Q3 earnings call, Saurabh Govil, Chief Human Resources Officer at Wipro, said campus hiring remained slow in the quarter, prompting the company to reassess its annual intake target. Despite the moderation, Wipro’s cumulative fresher hiring for the year so far has crossed 5,000. While overall volume hiring has eased, the company is sharpening its focus on AI and deep-tech talent. Wipro has partnered with universities to set up nearly 50 Centres of Excellence, where it co-develops specialised curricula in areas such as artificial intelligence, cybersecurity and data analytics, and recruits students trained through these programmes. The company is also offering premiums for candidates with relevant client-facing experience and investing heavily in upskilling existing employees through certifications. During the October–December quarter, Wipro added 6,529 employees, taking its total workforce to 2,42,021. The headcount increase was largely due to the integration of the Harman DTS acquisition and the rebadging of staff from a major deal signed in the previous fiscal year. On compensation, Wipro said decisions on salary hikes are still under consideration. Financially, the company reported a 7% year-on-year drop in consolidated net profit to ₹3,119 crore in Q3 FY26, impacted by one-time restructuring costs and the implementation of labour codes. Revenue from operations, however, grew 5.5% to ₹23,555.8 crore, up from ₹22,318.8 crore in the same quarter last year. Source: PTI  

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Mahindra & Mahindra Announces HR Leadership Transition; Rohit Thakur to Succeed Ruzbeh Irani

Mahindra & Mahindra on Friday revealed a significant leadership transition in its human resources function, announcing that Rohit Thakur will assume the role of Group Chief Human Resources Officer (CHRO) from 2 April 2026. He will succeed Ruzbeh Irani, who is set to retire after completing more than 19 years with the company. The change is part of Mahindra’s well-defined succession planning process to ensure continuity and stability in senior leadership. Irani, a key member of the Mahindra Group Executive Board, will step down on 1 April 2026 following his superannuation. The company acknowledged his nearly two decades of service, crediting him for his significant role in shaping the group’s HR strategy and people-centric culture. Following the announcement, Mahindra & Mahindra shares were trading at ₹3,714.55, down ₹9.60 or 0.26%, at around 9:35 am. Rohit Thakur, who currently serves as CHRO for Mahindra’s Auto and Farm sectors, brings with him wide-ranging global HR experience. His career includes senior HR leadership roles at Microsoft India and Accenture, where he handled large-scale talent strategies, operations and cultural transformation initiatives. Thakur has also worked with GE across multiple businesses in India and the United States, and has led HR functions at fast-growing startups such as Paytm and LEAD School. Academically, he holds a commerce degree from Shri Ram College of Commerce (SRCC), Delhi, and an MBA in Human Resources from XLRI, Jamshedpur. With Thakur’s appointment, Mahindra & Mahindra said it aims to further strengthen its focus on talent development, leadership continuity and organizational growth. Source: Economic Times

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CIEL HR Services Raises ₹30 Crore from Zoho, Pegasus and Others Ahead of IPO

Chennai-based CIEL HR Services has raised ₹30 crore from a group of 88 investors in a pre-IPO funding round, with participation from Zoho Corporation, Pegasus India, and Standard Fireworks, as the company gears up for its proposed public listing. In an official disclosure, the human resources solutions firm said it allotted 27,27,272 equity shares at ₹110 per share, aggregating the total fundraise to ₹30 crore. The pre-IPO placement received board approval on November 17, followed by shareholder clearance at an extraordinary general meeting on November 28. Alongside Pegasus India Evolving Opportunities Fund, Zoho Corporation and Standard Fireworks, the investor base includes prominent names such as Rajashekar Reddy Seelam (founder of 24 Mantra Organic), Prime Securities, KTV Kannan of KTV Group, Sri Kaliswari Fireworks, the Pothys family office, AIKYAM Capital, NS Rajan, and leadership expert Abhijit Bhaduri, among others. As per its draft red herring prospectus (DRHP), CIEL HR Services’ IPO will consist of a fresh issue worth ₹335 crore along with an offer for sale (OFS) of 47.4 lakh shares by promoters and other existing shareholders. The company plans to deploy the fresh issue proceeds to increase its stakes in subsidiaries including Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics, and Thomas Assessments. Funds will also be used to meet working capital needs, pursue inorganic growth opportunities, and cover general corporate expenses. Additionally, CIEL intends to invest in five subsidiaries—CCIEL Skills and Careers, FirstVenture Corporation, Integrum Technologies, Ma Foi Strategic Consultants, and Next Leap Career Solutions—to strengthen and scale their learning and talent development platforms. Founded in Chennai, CIEL HR Services provides a technology-led, end-to-end HR solutions portfolio, covering the entire employee lifecycle, from talent acquisition and assessment to learning, skilling, and workforce management. Source: PTI

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Ambani rolls out draft Reliance AI Manifesto, eyes 10x productivity leap and nationwide impact

Reliance Industries Chairman Mukesh Ambani has unveiled a draft Reliance AI Manifesto, laying out a sweeping plan to reposition the conglomerate as an AI-native deep-tech enterprise while aiming for a tenfold boost in productivity across its workforce of over six lakh employees. The initiative also targets a 10x impact on India’s economy and society. Describing artificial intelligence as “the most consequential technological development in human history,” Ambani said Reliance intends to spearhead India’s AI journey, much as it played a central role in the country’s digital transformation. The group’s stated mission is to deliver “Affordable AI for every Indian”, embedding AI across businesses while ensuring safety, trust and accountability. According to Ambani, the manifesto is not a slogan but a practical action guide. “At Reliance, we are transforming ourselves into an AI-native deep-tech company with advanced manufacturing capabilities,” he said, adding that the draft manifesto will steer this transformation. Internal transformation through AI Part I of the manifesto focuses on reshaping Reliance’s internal operations. AI is positioned not as a standalone technology initiative but as a fundamentally new way of working. The group plans to reorganise around outcomes and end-to-end workflows, supported by shared digital platforms and robust governance frameworks. AI and agentic automation will be deployed to reduce repetitive tasks, enhance decision-making, and improve speed and quality, while maintaining clear human accountability. Execution will be driven by small, cross-functional teams or “pods” with defined ownership and measurable goals, supported by continuous data, learning, operations and automation systems. Core workflows such as procure-to-pay, order-to-cash, hire-to-retire and plant-to-port will be redesigned to eliminate manual handoffs, close digital gaps and enable real-time visibility. Ambani stressed that AI will augment human capability rather than replace jobs, saying the focus is on raising standards and unlocking collective potential. A common 12-layer Digital Functional Core (DFC) will standardise data, integration, security and controls across Reliance businesses, while allowing individual units autonomy over their platforms. Governance, audit trails and human-in-the-loop mechanisms will be embedded to balance speed with safety, compliance and trust. Driving India’s AI-led growth Part II extends the vision beyond Reliance, positioning the group as a catalyst for India’s broader AI transformation. Ambani said that just as AI can deliver a 10x improvement in efficiency and outcomes within Reliance, it can also generate a similar multiplier effect for the country through the group’s businesses and philanthropic efforts. Employees have been invited to submit ideas on AI applications across Reliance’s diverse portfolio—from Jio’s 500-million-plus subscribers and the country’s largest retail network to energy, materials, life sciences, financial services, media and philanthropy. Ambani also pointed to opportunities in indigenous AI hardware, robotics and cross-sector innovation to boost efficiency, sustainability and technological self-reliance. Ideas can be submitted between January 10 and 26, after which the manifesto is expected to evolve into a shared organisational commitment. “Let us begin—together,” Ambani said, calling on employees to help build “a New Reliance and a New India.” Source: PTI

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IndiGo Increases Pilot Allowances Amid Staffing Challenges and New Duty Norms

IndiGo has revised and increased allowances for its pilots by up to ₹2,000, with the changes taking effect from January 1, according to sources. The move comes weeks after the airline faced widespread flight disruptions triggered by pilot rostering issues. The disruptions were largely attributed to inadequate preparedness in implementing the revised Flight Duty Time Limitations (FDTL) norms, which restrict the number of night landings a pilot can undertake. These changes reportedly forced IndiGo to cancel over 1,600 flights in a single day earlier this month. In response to the new regulations, which require more pilots for night operations, the airline has enhanced several allowance categories. The revised allowances—ranging from ₹25 to ₹2,000—cover domestic layovers, night operations, deadhead duties, and a newly introduced tail-swap allowance. Tail-swap refers to replacing a scheduled aircraft with another aircraft. Sources said the tail-swap allowance was not available earlier and has been introduced as part of the latest revision. IndiGo has not issued an official statement on the matter. Under the new structure, a captain on a domestic layover of 10.01 to 24 hours will receive ₹3,000, up from ₹2,000. For first officers, the allowance has been raised to ₹1,500 from ₹1,000. Beyond 24 hours, captains will now earn ₹150 per additional hour, while first officers will get ₹75 per hour, up from ₹100 and ₹50 respectively. Night allowances per hour have been increased to ₹2,000 for captains and ₹1,000 for first officers. Deadhead allowance per scheduled block hour has also gone up—to ₹4,000 from ₹3,000 for captains and to ₹2,000 from ₹1,500 for first officers. Meal allowance during transit for captains has doubled to ₹1,000. However, sources noted that the latest increase recovers only about 25 per cent of the allowances that were cut following the implementation of the second phase of the FDTL norms in November. Following the recent operational disruptions, aviation regulator DGCA directed IndiGo to reduce its winter flight schedule by 10 per cent. As per government data shared in Parliament, IndiGo employed 5,085 pilots as of December 8. Source: PTI

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SBI Inducts 541 Probationary Officers to Build Future-Ready Leadership Pipeline

State Bank of India (SBI), the country’s largest lender, on Friday announced the onboarding of 541 probationary officers (POs) following the declaration of final results of its recruitment examination. The large-scale recruitment aims to bring in young and dynamic professionals into SBI’s junior management cadre, strengthening its leadership pipeline and reinforcing its long-term commitment to excellence in banking services, the bank said in a statement. This intake follows the recruitment of 505 probationary officers in June 2025, highlighting SBI’s continued focus on enhancing its human capital. The newly selected officers will be posted across the country in various business verticals, with select opportunities for international assignments. They will also be placed on a structured career progression path leading to senior and top management roles. The latest hiring is part of SBI’s broader recruitment plan for FY26, under which the bank intends to onboard around 18,000 employees, marking one of the largest recruitment drives in the banking sector. SBI Chairman C S Setty said that the overall recruitment plan includes nearly 13,500 clerical positions, around 3,000 probationary officers and local-based officers across categories. He added that the bank is focused on strengthening its workforce through structured skill development programmes aligned with evolving customer needs and technological advancements. With a workforce of over 2.46 lakh employees, SBI remains one of the largest recruiters in the banking industry, continuing its focus on creating meaningful employment while building capabilities in line with changing business, technology and customer expectations. Source: PTI

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