IT Industry

Indian IT majors vie for mandate as American bank plans insourcing rampup

India's IT sector is showing signs of stabilising demand, improving deal momentum and rising AI-led productivity, with analysts turning modestly positive on earnings as firms regain confidence

The state's IT and biotechnology minister outlines strategies to attract investment, foster DeepTech and AI, and develop specialised talent amid global trade and visa challenges

President Trump's acknowledgement of the importance of H1-B talent has boosted sentiment in India's tech sector

The US-based IT services firm will invest $250 million in AI over five years and launch a dedicated AI and Innovation Division, with more than half its 3,800 global employees based in India

KPIT Technologies' quarterly profit fell 17% due to joint venture losses, but revenue rose 8% on strong growth in connected and autonomous vehicle segments and improving demand in Europe

Real-world problem-solving events are replacing conventional placements, giving IT firms a stage to recruit engineers for their practical skills

Mphasis posts double-digit growth in Q2 FY26 with net profit up 10.8 per cent to Rs 469 crore and $528 million in deal wins; BFS pipeline rises 45 per cent on AI-driven demand

The multi-year contract strengthens LTIMindtree's large-deal momentum as IT firms focus on cost optimisation and efficiency-led growth in a cautious spending climate

The inextricable link between revenue and employee strength is a metric that has been used for the last three decades as a barometer of the health of the $284 billion industry

Rating agency ICRA has estimated that the number of Global Capability Centers (GCCs) in India will increase to more than 2,500 in the next five years, creating huge demand for office space. In 2024-25 fiscal, GCCs leased a record 24 million sq ft of Grade A office space across the top six cities, with their share in total leasing rebounding to 37 per cent from a low of 27 per cent in FY23, the rating agency said in a statement. ICRA projected that GCCs would take on lease 50-55 million square feet of Grade A office space during FY26 and FY27, potentially contributing 38-40 per cent to the total office space demand in the top six markets- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune. ICRA expects "the number of GCCs to rise from about 1,700 currently to more than 2,500 by 2030, generating over USD 100 billion in revenue and scaling workforce capacity by 1.5-2 times." Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, ICRA, said

The company declared an interim dividend of ₹23 per equity share, with the record date of October 27, 2025, and November 7, 2025 as a payout date

HCL now expects to grow between 4 and 5 per cent on a constant currency basis for the full year, up from 3-5 per cent projected in July

Prime Minister Narendra Modi on Saturday met Dario Amodei, the CEO of Anthropic, a company dealing in safe AI systems. The company also plans to open an office in Bengaluru next year. "Glad to meet you. India's vibrant tech ecosystem and talented youth are driving AI innovation that is human-centric and responsible," PM Modi said in a post on X in a response to Amodei. "We welcome Anthropic's expansion and look forward to working together to harness AI for growth across key sectors," the prime minister said. Earlier, Amodei said he met Prime Minister Modi to discuss Anthropic's expansion to India, where the use of its product 'Claude Code' has witnessed a five-fold increase since June. "Today I met with PM @narendramodi to discuss Anthropic's expansion to India - where Claude Code use is up 5x since June. How India deploys AI across critical sectors like education, healthcare, and agriculture for over a billion people will be essential in shaping the future of AI," Amodei ...

India's largest IT firm reports a sharp 20,000 fall in staff strength in Q2 after July layoffs; attrition dips for the first time in five quarters

The Nifty 50 edged down 0.25% to 25,046.15, while the BSE Sensex shed 0.19% to 81,773.66. The two indexes rose about 2% each in the last four sessions

Global corporations, including JP Morgan, Fidelity International, Barclays Bank, Lowe's, Lufthansa, McDonald's, and Cargill, are expanding their delivery centres in India

While the first few months of the financial year saw no notable deterioration, as called out by the companies in July

US tariffs, visa issues, geopolitical tensions, and AI disruption have plunged the IT services industry into an uncertain period

Nasscom says $100,000 H-1B visa fee from 2026 will have a limited effect as Indian IT firms invest $1 bn in US upskilling and local hiring, reducing dependence on visas