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Indian tech industry revenues for FY26 are set to grow 6.1 per cent to USD 315 billion, Nasscom said on Tuesday. The industry lobby grouping revised up its FY25 revenues number to USD 297 billion from USD 282.6 billion earlier. The revenue growth in FY26 increased marginally to 6.1 per cent in FY26 from 5.9 per cent in FY25 despite the headwinds, it said. Its President Rajesh Nambiar said the industry continues to be a net job generator, and the overall number of employees is set to increase 2.3 per cent to 5.95 million in FY26 from 5.82 million in the year-ago period. Nambiar said the overall number of employees added by the tech industry in FY26 is 1.35 lakh, which is marginally better than the 1.33 lakh added in FY25. Amid the intense focus on AI, Nasscom said USD 10-12 billion of overall revenues for the sector come from the new-age tech solutions.
India's top six IT companies - TCS, Infosys, HCLTech, Wipro, Tech Mahindra, and LTIMindtree - took a combined hit of about Rs 5,400 crore on account of the implementation of new labour codes, the one-time charge eroding their Q3 FY26 earnings performance substantially. The new regulations, which consolidate 29 existing labour laws, have forced a structural shift in how companies calculate employee benefits. The country's largest IT services exporter, Tata Consultancy Services (TCS), bore the heaviest burden, reporting a "statutory impact" of Rs 2,128 crore. The provisioning led to a 13.9 per cent drop in net profit to Rs 10,657 crore. TCS CFO Samir Seksaria noted that the hit included Rs 1,800 crore for gratuity and Rs 300 crore for leave encashment, warning that the codes will continue to shave 0.100.15 per cent off margins moving forward. Infosys too reported a one-time exceptional charge of Rs 1,289 crore. The Bengaluru-based firm saw its net profit decline 2.2 per cent to Rs 6,
Global product engineering and digital services firm Tata Technologies Ltd on Friday reported a 96 per cent decline in consolidated profit after tax at Rs 6.64 crore in the third quarter ended December 31, 2025, primarily on account of the statutory impact of new labour codes. The company had posted a consolidated profit after tax of Rs 168.64 crore in the corresponding period of the previous fiscal, Tata Technologies said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,365.73 crore, as against Rs 1,317.38 crore in the year-ago period. Total expenses in the third quarter were higher at Rs 1,217.99 crore, as compared to Rs 1,119.31 crore in the same period last fiscal, it said. The company said it has presented the incremental impact of "statutory impact of new Labour Codes" under "exceptional items" comprising gratuity of Rs 114 crore and compensated absences of Rs 25.87 crore, primarily arising due to a change in wage definiti
India's USD 280-billion IT industry heads into 2026, balancing visa-related headwinds and global trade uncertainty against its biggest-ever push into artificial intelligence and the rapid expansion of global capability centres (GCCs). Heightened scrutiny of the US H-1B visa programme - including a proposed USD 100,000 fee for new visas and concerns over a potential 25 per cent outsourcing tax - has complicated cross-border delivery for Indian firms, even as companies accelerate efforts to reduce reliance on onsite staffing. The US remains the sector's largest export market. The visa proposals triggered market volatility in late 2025, disrupting travel plans and denting IT stocks, before partial clarifications offered limited relief. Fresh concerns have since emerged around social media screening and unpredictable processing delays. Analysts warn that sharply higher visa costs could add hundreds of millions of dollars to expenses for large IT firms, reinforcing the shift toward ...