IT Sector

IT industry body Nasscom on Monday advised technology companies to strengthen operational preparedness and cybersecurity frameworks in the wake of the evolving geopolitical situation in West Asia, cautioning that periods of uncertainty can heighten risks of disruptions and cyber threats. Issuing a fresh advisory to member companies, Nasscom said while business operations currently remain stable, organisations are proactively reviewing contingency plans and strengthening resilience measures to mitigate potential disruptions "should the situation evolve over time". The advisory comes amid conflict in West Asia following US and Israeli strikes on Iran that triggered retaliatory missile and drone attacks, disrupting airspace and raising concerns over regional stability, cyber threats, and potential spillover effects on global technology infrastructure, travel routes, and maritime trade. The widening conflict has also rattled global markets, as investors turned cautious amid fears around

FPIs sold nearly ₹17,000 crore worth of IT stocks in February despite strong overall equity inflows, as fears of AI-led disruption drove the sector to its steepest monthly fall since 2008

Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region

Indian IT firms are not uniform entities. Specialised companies, such as Persistent or KPIT, have constructed moats based on deep domain knowledge and long-standing customer relationships

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

Emkay Global has turned 'Overweight' on Indian IT sector after Nifty IT fell 21 per cent in February 2026. It sees a 3-year return potential of up to 25 per cent with limited downside.

Mission-critical ops remain under human oversight, says growth chief Krishnan Iyer

CAG K Sanjay Murthy says AI and data analytics are reshaping the power sector and highlights upcoming audits on discom performance, PM Surya Ghar and regulatory challenges

Investors confront reversal as decade-long IT rally unwinds, reshaping Nifty's sector hierarchy

IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified

Tata Sons chairman N Chandrasekaran asked TCS employees to embed AI into daily work, reflect on recent underperformance and focus on execution as adoption of the technology accelerates

The advent of useful new technology always leads to disruption as some functions are phased out. For example, horse breeders suffered an apocalypse when the automobile arrived

Next phase of India Semiconductor Mission to prioritise chip design firms, manufacturing equipment supply chain and advanced semiconductor talent

Union Minister Ashwini Vaishnaw on Saturday said India's IT sector is moving to an AI-driven services model with coordinated efforts from industry, academia, and the government. He said AI presents a major opportunity for India to develop a new model of services for the global market. Citing examples, Vaishnaw noted that AI-based solutions could be offered to global shipping lines and retail companies through global capability centers (GCCs) in India, creating opportunities for Indian engineers. The Union Minister for Electronics and IT added that, due to the government's focus on IT services, a large number of GCCs are being set up in India. "At the last count, more than 2,000 GCCs have already come to India, which is far more than in traditional IT services," he said. Vaishnaw highlighted that the Union Budget has announced major reforms for data centers to support the rapid evolution of artificial intelligence. "Indian IT is moving from the old model to a new AI-based services

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

Cognizant awards a 100% bonus after beating growth estimates, with CEO Ravi Kumar saying the company has reached its "winner's circle" ahead of schedule

Gig workers associated with Urban Company are earning at par and, in several cases, much higher than entry-level salaried professionals employed in the country's IT and ITeS sectors, the doorstep home and personal care services firm said on Wednesday. Urban Company claimed that the average monthly net in-hand earning of all active service professional partners on Urban Company platform has increased about 7 per cent to Rs 28,322. "Urban Company service professionals earn at par, and in several cases much higher than entry-level salaried professionals employed in India's IT and ITeS sectors. With average net monthly earnings of Rs 28,322, Urban Company service professionals' earnings are comparable to typical IT fresher salaries," the company said in a statement based on nine month data of current fiscal year. Urban Company said the findings are based on publicly available industry data, including Glassdoor estimates, assuming that entry-level IT and ITeS salary benchmarks are at Rs

US-listed IT major beats growth guidance for 2025 on strong deal wins, margin expansion and rising financial services demand

Anthropic's update to its agentic AI tool Claude Cowork is fuelling concerns over disruption in software and IT services, as AI agents begin to replace legacy workflows

India-US trade deal eases fears of tariff spillover into IT services, offering relief to Indian tech firms amid weak global demand and delayed client spending