IT Sector

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.

Tata Consultancy Services added 9,279 employees in the first quarter, signalling improved visibility on deal pipelines despite persistent macroeconomic uncertainty and AI-led disruption

AI-led disruption, weak client spending and the rise of GCCs are reshaping India's IT sector, weighing on earnings, hiring and stock valuations

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

Crisil Ratings says healthy leasing growth and steady demand-supply dynamics may reduce vacancy levels, though AI-led disruptions and geopolitical risks remain concerns

LTM plans to acquire Randstad's Europe and Australia tech units for €160 million to deepen AI, cybersecurity and digital engineering capabilities

India's global capability centres added nearly 200,000 employees in FY26, outpacing the IT services sector as firms accelerated in-house technology operations and AI-led transformation

IT stocks now account for just 6.7% of MF equity holdings, the lowest in eight years: Report

Air freight ‌rates have surged since the US-Israeli war on Iran began at the end of February, as higher fuel costs and disrupted sea shipments squeeze capacity

Infosys has lost over ₹2 lakh crore in market value this year and has slipped out of India’s top 10 most valuable companies. But this is bigger than one stock crash.

Cognizant may cut up to 15,000 jobs as it pivots to an AI-led model, reflecting deeper shifts in IT services economics and weakening demand

IT services major Infosys has announced plans to set up a permanent, 20-acre campus in Visakhapatnam, signalling confidence in the region's economic and technological potential. The facility is designed to accommodate 7,000 professionals. Over the last two years, Infosys' growth in the city has scaled in the port city from 250 employees to 1,900, with an additional 750 seats set to become operational in the near-term, said an official press release on Thursday. "The company has outlined plans for a permanent 20-acre campus with a long-term seating capacity of 7,000 professionals - demonstrating strong confidence in the region's long-term potential," said the release. A defining feature of the IT services company's growth is its deep integration with the local talent ecosystem, it said. The Visakhapatnam campus has recruited over 1,000 freshers and 500 lateral hires from the region, reflecting the availability of industry-ready talent and the success of Andhra Pradesh's focused ...

Valuations are now more balanced after the correction and advises investors to adopt a staggered approach to equity investing, says Devalkar

NASSCOM's new chair highlights AI as both disruptor and growth driver, amid hiring slowdown, rising compute costs, and global uncertainty shaping India's tech sector

Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates

Client cutbacks, macro jitters trim growth expectations

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

TCS allows work-from-home at its Nashik centre after harassment allegations trigger arrests and a police probe into workplace safety concerns

Wipro plans Rs 15,000 crore share buyback, its largest ever, offering 19 per cent premium to market price as it looks to reward shareholders and support stock performance

Krithivasan discusses growth prospects for FY27, the perceived threat from artificial intelligence tools, and hiring trends