Information Technology

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

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

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

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

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

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

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

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

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

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.

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

Google India registered a flat standalone profit of Rs 1,436.9 crore in the financial year ended March 2025 due to lower revenue and higher employee and tax expenses, according to a regulatory document shared by market intelligence firm Tofler. The company logged a profit after tax of around Rs 1,425 crore in the preceding financial year. When contacted, a Google India spokesperson said that the financial numbers of 2025 were not comparable with those of 2024. "Profit of Rs 1,425 crore for 2024 includes profit from the IT division. The IT division was demerged into a separate company (Google IT Services), so the 2025 GIPL profit numbers do not reflect IT division profit," the spokesperson said. The spokesperson further said that the net revenue for 2024 includes adjustment (addition) of Rs 229 crore, which pertains to the revenue of fiscal years 2016-17 to 2022-23 but reflected in 2024 based on the BAPA agreement signed with the Indian government. A note in the company's financial

Former SBI chief Arundhati Bhattacharya says AI is reshaping leadership and banking, urging firms to embrace technology to drive inclusion, agility and better customer service

As AI reshapes IT hiring, Mphasis has dropped campus recruitment, betting on internships, hackathons and learnability over credentials in the age of GenAI

Proposed move to shorten implementation time to 12 months from 18 months is likely to face resistance from industry players

Analysts believe that access to larger deals, a strong deal pipeline, presence in diversified segments, and a solid active client base will support healthy revenue growth over the medium term.

As AI agents begin working alongside humans, IT services firms are rethinking time-and-material contracts, experimenting with outcome-based and hybrid pricing models

Infosys ADRs surged 10.2 per cent in New York on Wednesday after the company raised its revenue growth guidance for FY26 to 3-3.5 per cent from 2-3 per cent earlier

Apple's iPhone exports from India crossed ₹2 trillion in 2025, marking a major milestone for the PLI scheme and India's fast-deepening electronics manufacturing ecosystem

AI and generative AI (GenAI) are expected to play crucial roles in deal renewals going forward, as clients look to build more efficiencies into their operations and reduce costs