Information Technology

I-T staff unions warn of agitation from April 16 over long-pending demands

Two major employee associations of the Income Tax Department have written to the government stating that they would resort to a graded agitation schedule beginning April 16 if their "long pending" issues and "precarious" working conditions are not resolved. The Joint Council Action (JCA), comprising the Income Tax Employees Federation (ITEF) and Income Tax Gazetted Officers' Association (ITGOA), represents about 97 per cent of the department's workforce that works to collect revenue for the government under the direct tax category. Officers from the Indian Revenue Service (IRS) constitute the third association, and they lead the department as heads of various verticals. The JCA, in its letter dated April 6, to the Revenue Secretary under the Union Finance Ministry, said that the forum was approaching his office with its ten-point grievances due to the "persistent apathy" of the Central Board of Direct Taxes (CBDT) in resolving these issues. The CBDT frames policy for the tax ...

Updated On: 14 Apr 2026 | 4:09 PM IST

Press bodies, advocacy groups urge rollback of proposed IT Rules changes

Media and policy groups warn draft amendments could expand censorship powers, threaten free speech, and bring independent creators under tighter government control

Updated On: 12 Apr 2026 | 7:50 PM IST

IT firms may post muted Q4; weak INR to cushion earnings; FY27 guidance key

IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance

Updated On: 06 Apr 2026 | 10:41 AM IST

Accenture leases 1.65 lakh sq ft office space in Noida for ₹195 crore

IT major signs five-year lease with Onward Coworkx in Noida, reflecting sustained demand for office space amid strong leasing activity in metro cities

Updated On: 03 Apr 2026 | 6:19 PM IST

USTR flags issues in DPDP Act, IT Rules provisions impacting firms

USTR flags lack of deemed consent for credit information firms under DPDP Act, says provisions and data rules may affect operations of US credit bureaus in India

Updated On: 02 Apr 2026 | 11:03 PM IST

Infosys stock hits lowest level since Dec 2020; market cap dips below ₹5 tn

Infosys's stock price has corrected 25 per cent thus far in the calendar year 2026, as against 11.4 per cent fall in Nifty 50, on likely threat to revenue growth.

Updated On: 17 Mar 2026 | 12:47 PM IST

BSE FMCG, IT, Realty indices hit 52-week lows; down up to 13% in 1 month

Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while FII outflows added to the market pressure, said Geojit.

Updated On: 13 Mar 2026 | 12:43 PM IST

Foreign outflows from IT stocks at 7-month high in Feb on AI shockwaves

Foreign portfolio investors sold IT stocks worth ₹16,949 crore ($1.85 billion) for the month

Updated On: 06 Mar 2026 | 1:09 PM IST

Best of BS Opinion: New GDP series welcome, but more needs to be done

A new GDP base year, US-Israel strikes on Iran, India's urban planning crisis, and artificial intelligence's impact on the IT sector dominate today's Opinion page

Updated On: 02 Mar 2026 | 6:15 AM IST

As AI grows, legacy will compress: McKinsey & Company's Noshir Kaka

McKinsey's Noshir Kaka says AI disruption could unlock a $15 trillion opportunity, but IT services firms must overhaul business models, talent, and pricing to win

Updated On: 25 Feb 2026 | 11:24 PM IST

Suzlon, Ola Electric, Bata, RPower, Wipro hit 52-week lows in firm market

Wipro, Cyient, Hexaware Technologies, KPIT Technologies and L&T Technology Services from the IT sector and Info Edge (India) and C.E. Info Systems from the IT-related sector hit 52-week lows on Monday

Updated On: 23 Feb 2026 | 1:30 PM IST

Disrupting the disruptor: How AI forces IT services to redefine their role

The pivot to AI-driven models marks a structural shift - one that is fundamentally changing the $285 bn industry

Updated On: 19 Feb 2026 | 10:07 PM IST

Meta warns India's three-hour takedown rule may trigger wrongful removals

Meta's Rob Sherman says India's new rule requiring takedowns within three hours may lead to inadvertent removal of genuine content as companies struggle to verify requests

Updated On: 19 Feb 2026 | 12:25 AM IST

Street signs: AI storm could hit other pockets, GIFT City's master key

AI fears widen beyond IT to wealth management, while APMI tightens fund-flow norms and GIFT City rolls out a single-window 'master key' registration

Updated On: 15 Feb 2026 | 10:13 PM IST

AI must remain human-centric, inclusive: IT Secretary ahead of mega summit

Ahead of the AI Impact Summit, IT Secretary S Krishnan has said the key message India wants to send to the world is that artificial intelligence must remain human-centric and inclusive, with democratic access to AI resources. In an interview with PTI, Krishnan said AI should be a positive force for the global economy, with the potential to drive growth across all parts of the world, including India and the Global South. "The key message that we want to send is that whatever happens with AI needs to be human-centric and inclusive. There needs to be a democratic access to AI resources, and it needs to be done in a way that people and humans are at the centre of this process," Krishnan said. As countries prepare for deeper AI-adoption across sectors, India is positioning itself as a voice for equitable growth in the emerging technology landscape. According to Krishnan, the broader goals are to ensure that AI becomes a truly inclusive technology, with the benefits of prosperity reachin

Updated On: 15 Feb 2026 | 12:24 PM IST

Artificial intelligence fears push Nifty IT to over nine-month low

Nifty IT slides 6% as AI disruption fears and fading US rate-cut hopes trigger sharp sell-off in frontline tech stocks

Updated On: 12 Feb 2026 | 11:57 PM IST

India AI Mission warns no fees needed for AI Impact Summit registration

The India AI Mission has issued an alert warning participants that no fee is charged for registration, participation or speaking at the AI Impact Summit starting February 16 in New Delhi

Updated On: 09 Feb 2026 | 9:13 PM IST

Worst week in 4 months: Claude casts a long shadow over Indian IT stocks

Indian IT stocks recorded their worst weekly performance in four months, losing over Rs 6.4 trillion in market capitalisation

Updated On: 07 Feb 2026 | 12:15 AM IST

IT index down 9% in 4 days; at 3-mth low; what's making the Street nervous?

Cyient, Birlasoft, Cigniti Technologies, eClerx Services and Tata Technologies were down between 4 per cent and 6 per cent in Friday's intra-day trade.

Updated On: 06 Feb 2026 | 12:34 PM IST

Budget 2026 playbook: Brokerages identify 5 sectors that will benefit most

FM Sitharaman announced a tax holiday until 2047 for foreign companies providing global cloud services from India, provided services to Indian customers are routed via an Indian reseller

Updated On: 02 Feb 2026 | 12:45 PM IST