CHENNAI TECH COMPANIES
From flamenco to igloos: How India Inc is turning work trips into bucket list adventure
Indian companies are increasing employee travel for team building and talent retention. Travel firms like Thomas Cook India and SOTC Travel are seeing a rise in corporate travel. Budgets can exceed ?5 lakh per person. BFSI, auto, pharma, and tech sectors are leading this trend. Companies are planning unique experiences and exploring destinations like Azerbaijan and Australia.
Lateral hiring: TCS holding interviews in Bengaluru on Saturday
According to an internal email, India’s largest software exporter is looking for experienced people with a minimum of 15 years of full-time education. They must not have a gap of more than two years between education and employment. TCS is looking for people with skills in areas across My SQL DBA, Azure SME, IBM DB2, AWS SME, Oracle DBA, and DB2 Designer.
Renault opens new design centre near Chennai to boost 'Design in India' vision
Renault has inaugurated its new Design Centre in Chennai, marking a significant step in its 'design in India' vision. CEO Venkatram Mamillapalle announced plans to launch five new, locally designed and manufactured models within two years. The facility, equipped with advanced technologies, will serve as a hub for innovation and collaboration. Renault also launched its 'renault.
Freshers with AI skills in demand as employers prioritise tech-led roles: Report
Per the Career Outlook Report 2025 by TeamLease EdTech, skills in robotic process automation, performance marketing, network security, and financial risk analysis are in demand.
Significant percentage of employers plan to hire freshers with AI-related roles in H1 2025: Report
A new report indicates that over 74% of Indian employers plan to hire freshers in the first half of 2025, with AI-related roles leading the demand. E-commerce, technology start-ups, and manufacturing sectors also show strong hiring intent. Bangalore, Mumbai, and Chennai are identified as key employment hubs, seeking talent in areas like robotic process automation and network security.
India’s electronics sector eyes $500 bn mark by 2030; Kaynes Technology, Dixon Technologies top buys
India’s electronics manufacturing sector is poised to capitalize on a transformative phase, driven by shifting global trade dynamics and strategic policy interventions.
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Sify Technologies reports Q4 net loss at Rs 57.8 cr
Sify Technologies reported a net loss of Rs 57.8 crore for the March 2025 quarter, contrasting with a profit of Rs 8.9 crore the previous year. The full financial year saw a net loss of Rs 78.5 crore, against a prior profit of Rs 16.8 crore. Revenue increased to Rs 3,988.6 crore, with network services and data centers contributing significantly.
Chennai tech boss pushes office culture over WFH in LinkedIn post; netizens call out ‘trust issues’, sparking debate
A LinkedIn post by Chennai based tech firm's Director Srikkanth M. championing office work over remote setups has ignited fierce online debate. His quirky arguments—ranging from Instagram distractions to questionable hygiene—drew sharp criticism, with many calling out trust issues and managerial rigidity. While some offered middle-ground solutions, the post spotlighted ongoing tensions between traditional office culture and modern work flexibility.
Infosys BPM leases 130,000 sq ft office space in Pune's Hinjewadi
Infosys BPM has leased 130,000 sq ft of office space in Pune's Hinjewadi at Embassy Tech Zone for 36 months, with monthly rentals set at Rs 55 per sq ft. The deal includes 127 car parking slots and maintenance charges, reflecting the growing trend of GCCs and BPMs driving commercial realty demand in IT hubs.
Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation
Garuda Aerospace, backed by MS Dhoni, has raised Rs 100 crore in series B funding at a $250 million valuation. The funds will be used to bolster its manufacturing capabilities and facilities and fast-track the completion of an R&D and testing centre for advanced defence drone design.
Walmart boosts tech presence in India with Chennai office deal, document shows
Walmart has secured a second office space in Chennai, India, signaling the city's rise as a significant technology hub. This move follows increasing interest from global corporations like AstraZeneca, UPS, and Pfizer in establishing tech hubs in Chennai, traditionally known for manufacturing. Walmart's new lease covers over 465,000 square feet, reflecting its expanding tech operations in India.
Foxconn, Tata Electronics reach nearly $2 billion iPhone export milestone from India in March to avoid Trump tariffs
In March 2025, Apple rushed nearly $2 billion worth of iPhones from India to the United States to beat President Donald Trump’s looming global tariffs. Foxconn led the charge, exporting a record $1.3 billion worth of devices, while Tata shipped over $600 million. Customs data reveals the unprecedented airlift was a strategic bid to shield Apple from steep import duties.
TCS defers wage hikes; Google layoffs
TCS is deferring annual salary hikes amid global business headwinds. This and more in today’s ETtech Top 5.
Apple airlifts 600 tons of iPhones from India 'to beat' Trump tariffs, sources say
Apple strategically chartered cargo flights to transport 600 tons of iPhones from India to the U.S., circumventing potential tariff increases. This move, involving approximately 1.5 million iPhones, aimed to bolster U.S. inventory amidst trade tensions. Apple also expedited customs clearance in India, mirroring practices in China, to facilitate faster shipments from Foxconn plants.
Subsea cable companies seek decongestion of Mumbai landing spot
The subsea cable industry urges the government to decongest the Versova landing station in Mumbai due to high risk of failures. With India's data demand surging, the industry recommends incentivizing new cable landing sites along the coastline and declaring subsea cables as critical infrastructure. Streamlined approvals for deployment, repair, and maintenance are also sought to reduce repair times and costs.
Indian tech billionaire's wife alleges husband forced her to open marriage amid custody battle
Dhivya Shasidhar, the estranged wife of Rippling co-founder Prasanna Sankar, has made serious allegations against him including mental abuse and pressure for an open marriage. She also claimed he dragged her and their son internationally to evade taxes. Sankar accused her of having an affair. Their custody battle is ongoing.
CA explains how Trump’s trade war may shake up Bangalore, Pune real estate amid stock and gold market slide
US tariffs have sparked recession fears, impacting Indian IT and real estate. Bengaluru and Pune face challenges as IT firms slow down. Layoffs in Bengaluru's IT sector have decreased housing demand. Pune's real estate market is also experiencing tempered demand. India's housing market saw a sales drop, except in Bengaluru and Delhi-NCR.
Wealthtech firm Scripbox eyes $20 million at $200 million valuation
Scripbox raised around $9 million in 2023 and 2024 through two funding rounds, primarily from existing investor Accel. It sought to raise funds from new investors last year but eventually secured $5 million from Accel at a post-money valuation of $138 million.
Downgrades pepper India Inc's books, all grades not down yet
The pressure is unlikely to ease soon. Analysts said the recent US tariff hikes, sluggish global demand, and sector-specific challenges could trigger further downgrades in the coming quarters.
BFSI firms fuel India’s office leasing surge with over 100% YoY growth in Q1 2025
In Q1 2025, India's office leasing market saw significant growth, with gross absorption reaching 18 million sq. ft., a 5% YoY increase. The BFSI sector, driven by Global Capability Centres, notably contributed 26% of total absorption. Bengaluru, Delhi-NCR, and Mumbai led leasing activity, with green-certified office spaces gaining prominence.
White-collar hiring steady in March despite holiday disruptions: Report
Hiring in India's white-collar job market remained stable in March, with AI-ML showing 25% year-on-year growth. IT sector saw signs of recovery, and emerging technologies hiring surged by 36%. Unicorns, particularly in banking and financial services, and experienced professionals were in high demand.
Office leasing in India’s top 7 cities up 15% in Q1 2025
India’s office market started 2025 strong, with a 15% YoY increase in leasing to 15.9 million square feet in Q1, driven by high demand for Grade A office spaces. Bengaluru and Delhi-NCR led leasing, while Chennai saw a 93% surge, fueled by tech firms. The market faces limited new supply, causing rental rates to rise by 8%. Flex space leasing grew 22%, with strong demand from hybrid workspaces.
Delhi vs Bengaluru: India's national capital beats IT capital in startup funding by a higher margin
Delhi topped the list for startup funding in India, securing 40% of the total funding. Bengaluru was in second place. India's tech startups raised $2.5 billion in Q1 2025, a 13.64% rise from the previous quarter. Key funding rounds included Erisha E Mobility and Flipkart.
Looking at import continuity for PV tyres till production ramps up at Chennai plant: Michelin CEO
Michelin seeks to extend its import license for passenger vehicle tyres in India as it develops local production in Chennai. The company is investing ?564 crores in the facility. Import restrictions introduced in 2020 have constrained operations. Michelin intends to innovate and compete globally, including projects like NASA's lunar vehicle development.
ITeS jobs in India to grow by 20% in 2025: Report
India's ITeS sector is set for substantial growth in 2025 with a 20% job increase, driven by AI, cybersecurity, and cloud computing roles surging by 75%. Upskilling will be vital for nearly 40% of workers. Bangalore leads in tech talent, while Tier-2 cities like Chandigarh grow. Skill-based hiring will surpass diversity goals.
Swiggy Instamart to begin delivering smartphones in 10 major cities
This is in line with quick commerce platforms expanding their offerings by introducing products that were previously sold on ecommerce platforms. As of January, Swiggy operated 800 dark stores across 84 cities.
NIT Trichy graduate worth Rs 9,000 crore alleges wife of harassment. Who is Prasanna Sarkar?
Prasanna Sankar claims harassment by his estranged wife and Chennai Police amid a contentious divorce and custody battle. He alleges false accusations of abuse and kidnapping, while his wife accuses him of financial fraud and predatory behavior. Legal proceedings continue with serious allegations from both sides.
HCL-Foxconn OSAT JV begins scouting for EPC partners
The HCL-Foxconn joint venture is scouting for an engineering, procurement and construction (EPC) partner for its upcoming chip facility. It is in talks with Larsen & Toubro (L&T) and Taiwanese major CTCI, both of which have extensive experience working with Foxconn, sources told us.
TCS on lookout for talents with 3-6 years of experience, to hold interviews in five cities on Saturday
TCS and Infosys are ramping up lateral hiring, with TCS holding walk-in interviews for tech roles in five cities on March 22. TCS seeks workers with 3-6 years of experience for various positions. Infosys is also hiring for over 40 skill sets, aiming to fill roles across its development centres.
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