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Searched Tag: ed tech industry
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Indian IT faces AI reset as top firms post mixed FY26

April 26, 2026, 06:54 PM - 4 min read

India’s top IT firms posted mixed FY26 results as AI reshapes the sector, compressing legacy revenues but opening multi-billion-dollar opportunities amid global headwinds.

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Rajesh Nambiar, NASSCOM president, Sindhu Gangadharan, chairperson of NASSCOM, and Srikanth Velamakanni, CEO of Fractal Analytics, attend the NASSCOM Technology and Leadership Forum press conference in Mumbai, India.

AI no threat to jobs, will fuel hiring: NASSCOM

April 26, 2026, 06:45 PM - 4 min read

AI will accelerate India’s tech growth and create jobs despite a hiring slowdown, NASSCOM chief Srikanth Velamakanni said, flagging strong long-term demand.

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Byju’s founder Byju Raveendran announced on Saturday that the renowned edtech company would be unable to fulfill its commitment of paying salaries to its employees

Byju's struggle persists: Funds from rights issue locked, staff salaries delayed

March 2, 2024, 05:14 PM - 2 min read

In a heartfelt letter addressed to the staff, Raveendran expressed his regret, stating that despite the successful closure of the rights issue initiated a month ago, the company remains incapable of processing employee salaries. "This was supposed to be a happy correspondence. After all, we now have funds to meet our short-term needs and clear our liabilities. However, I regret to inform you that we will still be unable to process your salaries," he conveyed.

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