IT Sector

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

Ahead of the India-AI Impact Summit 2026, Ashwini Vaishnaw said India's IT industry is moving from software to AI, re-skilling employees and training students nationwide

Economic Survey 2025-26 says India's services sector continues to underpin growth, exports amid global uncertainty, but rapid technological change, AI adoption are outpacing skill adaptation

Supports IT services industry and students

The company's billings in Q3 for the Naukri or recruitment segment were up 11 per cent year-on-year but were lower than Street expectations

Coforge CEO Sudhir Singh says Advent International's board entry and the Encora acquisition will open new growth channels as deal momentum and AI-led demand stay strong

Persistent Systems share price today: Market participants attributed the decline largely to profit booking after a sharp rally over the past few months rather than any deterioration in fundamentals.

Analysts broadly agree that execution on large deals, margin discipline and progress on the CEO's strategic priorities will be key to driving growth beyond the current fiscal.

Infosys and HCL Tech have both materially raised guidance. TCS has said that it expects FY26 international revenues to exceed the level of FY25