IT Service

The IT company's profit in the year-ago period stood at Rs 3,569.6 crore.

IT services company Wipro will acquire select customer contracts of Alpha Net Consulting at a purchase consideration of up to USD 70.8 million, according to a regulatory filing on Wednesday. The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, augmenting its existing AI-powered, and consulting-led application services capabilities, and fuelling new growth opportunities. "Wipro Limited, through its subsidiaries, signed a definitive agreement on April 14, 2026 to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries," the BSE filing said. The deal involves cash purchase consideration of up to USD 70.8 million, subject to closing adjustments. This includes a deferred consideration in the form of earnout, payable subject to achievement of certain performance metrics and conditions. The transaction is expected to be completed by June 30, 2026. Alpha Net Group was founded in

TCS rolls out 25,000 fresher offers for FY27, its slowest start in years, as AI-led skill gaps and cautious hiring reshape campus recruitment trends

IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme

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

Xtglobal Infotech share price hit a 20 per cent and rose to ₹33.63 per share on the National Stock Exchange (NSE)

TCS CEO K Krithivasan says associates should adopt AI proactively and offer AI-first solutions to clients, even if it cannibalises existing revenue streams

Industry converges at 34th Nasscom Technology & Leadership Forum 2026 beginning today

Happiest Minds chairman says IT services remain essential as AI creates higher-value opportunities, countering Vinod Khosla's prediction that outsourcing will vanish

Improved variable pay for December quarter follows steady revenue momentum and deal wins, lifting employee sentiment even as technology stocks face pressure over automation concerns

KPIT's Q3FY26 profit fell sharply due to labour code provisions, even as revenue rose on Europe recovery and growth in connected and autonomous vehicle services

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

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.

As budget constraints loosen, Wipro is bidding for several small AI deals alongside large- and mega-deals, Pallia said on the sidelines of the World Economic Forum's meeting

Brand Finance said the combined value of the top 25 IT services brands rose 2% in 2026, with Accenture retaining the top spot and Indian firms accounting for 36% of total brand value

The upbeat forecast for Infosys may have briefly lifted sentiment, but strained India-US ties and tougher immigration rules in its biggest market could pose fresh challenges ahead

Management commentary on AI-led demand to be watched closely

Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.