IT Sector

The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.

Weak demand, AI-led growth concerns and US export headwinds weigh on defensive stocks, while valuation moderation signals potential opportunities

LTM's Middle East exposure weighed on Q2FY27 revenue growth, while rising AI-led deals and improving BFSI demand offer prospects for recovery despite margin and forex pressures.

Trailing P/E multiple of top 5 IT services companies had declined to 12.9x at September-end, lowest since 2008 global financial crisis

Tech Mahindra reports a 32.7% rise in Q2 net profit to ₹1,586 crore and 15.6% revenue growth, supported by manufacturing and communications, while deal wins top $1 billion.

Growth is expected to be muted as customers remain cautious on discretionary technology projects, though recent results from Accenture Plc offered some encouragement

India's top IT companies are likely to report muted revenue growth and broadly steady margins for the July-September quarter as clients keep discretionary budgets tight, with focus on how quickly strong bookings turn into revenue and how far AI is deflating traditional services, analysts said. Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1 per cent quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period. "Q2 is not going to be any better than Q1... because we are not seeing any revival in client budgets or spending. Discretionary spending remains stuck amid geopolitical tensions, and decision cycles also remain long," Gaurav Vasu, Founder and CEO of UnearthInsight, said. Gartner sees the quarter as "somewhat stronger" than the previous one. It said this is largely on the back of previously awarded contracts moving into revenue-generating phases. "However, market conditions remain broadly unchanged, with

Persistent macroeconomic uncertainty, geopolitical volatility, artificial intelligence (AI)-led pricing and productivity pressures continue to weigh on demand

Oracle has begun another round of layoffs after its workforce fell by 21,000 in financial year 2026, as the software giant ramps up spending on AI data centres and infrastructure

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

Coforge chairman OP Bhatt resigned after an internal ​audit into a board evaluation found concerns, ​including that material information about his own performance not fully disclosed to the board.

The slowdown in NFOs is more to do with the product suite being complete rather than concerns on the market's trajectory, Setalvad said.

The average variable payout remained unchanged from the fourth quarter but was lower than the 80 per cent paid for the same period last year amid macroeconomic volatility

Even as new-age offices and crisscrossing flyovers reshaped the skyline, Kolkata's image changed only fleetingly

IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth

The report also flagged limited practical exposure, faster-changing skill requirements and employers becoming more selective about training investments as key challenges for entry-level workers

MNCs, globally-linked firms hiring at a much slower pace than domestic peers as GenAI starts reshaping South Asia's labour market

The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.

Govt has identified 20 indigenous sovereign AI models for support under the IndiaAI Mission, spanning LLMs, speech, video and domain-specific applications, while expanding AI infra and skilling

We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.