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India's top five IT majors -- TCS, Infosys, HCLTech, Wipro, and Tech Mahindra -- closed FY26 at a critical inflection point, navigating a structural reset driven by macroeconomic headwinds, West Asian geopolitical risks, and the dual-edged sword of Artificial Intelligence (AI). Earnings analyses reveal a sector transitioning rapidly away from traditional effort-based delivery. AI-driven productivity is causing revenue deflation in legacy services. However, this near-term compression is being offset by a multi-billion-dollar surge in new AI-native engagements, prompting a decisive shift in client priorities from sheer scale to modular, outcome-driven contracts. This paradigm shift is starkly reflected in mixed FY27 outlooks and evolving talent metrics. While TCS and Infosys signalled that the worst macro headwinds are receding, peers like HCLTech and Wipro flagged continued volatility and soft discretionary spending. "AI may cause about 2-3 per cent annual deflation in traditional IT
IT services company Infosys on Wednesday announced it has signed up seven-time Grand Slam Champion Carlos Alcaraz as its global brand ambassador. Further, Infosys - leveraging Infosys Topaz, an AI-first offering powered by generative and agentic AI technologies - will now work with Alcaraz and his coaching team to develop an AI-powered match analytics and a personalised performance application to aid match preparation and in-game strategy. Beyond the court, the partnership also extends to joint initiatives between Infosys and the Carlos Alcaraz Foundation, to leverage technology to drive social impact, focusing on tech-for-good initiatives. Overall, Infosys said, the collaboration is a convergence of excellence - the relentlessness and grit of a champion combined with the consistency and AI-powered innovation of an enterprise technology leader - celebrating the champion mindset across tennis and global businesses. "Infosys...today announced a multi-year partnership with the younges