Indian IT Firms

India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector

Today's editorials and columns examine US restrictions on Indian IT firms, India's public transport gaps, the Tata Sons leadership dispute, municipal governance under PRAGATI-50 and a book on Bastar

Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension

US' move, targeting the Permanent Labor Certification programme, is ‌part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship

Industry body says Indian IT firms have stepped up local hiring and invested over $1.1 billion in strengthening the US STEM pipeline amid proposed higher visa fees

Employees are using personal AI accounts alongside enterprise tools, creating security and compliance gaps, said cybersecurity experts

Indian IT firms are hiring again, but recruitment is increasingly focused on specialised AI roles. A shortage of job-ready talent is forcing companies to rely more on selective hiring and reskilling

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

The push for sovereign AI comes at a time when India's AI hiring market is undergoing a broader shift-from building AI models to deploying them at scale

The Indian technology services industry is already generating an estimated USD 10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies successfully moving AI experiments into production, industry body Nasscom said. Dismissing concerns that the rise of AI could diminish the relevance of traditional IT services, industry leaders at the Nasscom US CEO Forum in New York City said that the sector remains central to global enterprise transformation in the AI era. "While AI will bring productivity gains and compress parts of standardised, repeatable work, it will also expand demand for technology orchestration, data readiness, application modernisation, AI governance, cybersecurity, agent management and industry-specific solutions. "Nearly 25 per cent of technology services companies have moved AI experiments into production. The industry is generating an estimated USD 10 to 12 billion in AI services revenue, with more than 2 million ...

IT firm Happiest Minds Technologies on Friday reported a 79.9 per cent growth in consolidated net profit to Rs 61.17 crore in the January-March quarter of FY26, primarily on the back of improved employee utilisation and a resulting expansion in operating margins. The company had posted a net profit of Rs 34 crore in the corresponding quarter of FY25, according to regulatory filings. Revenue from operations grew 10.9 per cent to Rs 604.08 crore during the quarter under review, as compared to Rs 544.57 crore in the year-ago period. Seen sequentially, profit and revenue rose 51.7 per cent and 2.8 per cent, respectively. Employee utilisation improved to 81.4 per cent in the quarter under review, up from 77.4 per cent in the corresponding period last year. As of March 31, 2026, the company has 6,497 employees. The company's operating margin grew by 30.7 per cent year-on-year to Rs 106.21 crore in Q4 FY26, compared to Rs 81.25 crore in Q4 FY25. As a percentage of revenue, the operating

India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

Geopolitical uncertainties and fragmented supply chains are forcing global businesses to prioritise trust and resilience over mere cost-efficiency, positioning India as a highly viable technology partner of choice, Nasscom President Rajesh Nambiar said on Tuesday. Speaking at the Nasscom Global Confluence 2026, Nambiar said the technology industry, which is heavily dependent on exports, is navigating an era of extraordinary transformation, noting that the reconfiguration of global value chains has fundamentally changed how countries and companies approach technology partnerships. "It used to be a fact that everybody optimised only for cost and efficiency... Those days are gone... Efficiency is important, but not necessarily the deciding factor. Resilience becomes much, much more critical. India sits at a very nice intersection of all these priorities, which makes us a very viable country to do business with. "...We are navigating this period where not just the geopolitical tensions,

As India pivots from software services to AI token "factories" with tax breaks for global firms, questions arise over jobs, skills and the future of its $200 billion IT export engine

How the Tata company went from being a loss-making firm to becoming a front-runner in design and technology in India and globally

The India-US trade deal, Antique believes, is significantly positive for Indian equities as FPI equity outflow of $34 billion since October 2024, the highest among emerging markets (EMs), may reverse

Management commentary on AI-led demand to be watched closely

Indian ITeS should have moved away from the H-1B lottery

Nasscom President Rajesh Nambiar says recent US H-1B visa changes will have little effect on large Indian IT firms, as companies have already boosted local hiring and are preparing for new rules