Indian It Firms

New H-1B rules unlikely to impact large Indian IT firms, says Nasscom head

Nasscom President Rajesh Nambiar says recent US H-1B visa changes will have little effect on large Indian IT firms, as companies have already boosted local hiring and are preparing for new rules

Excelsoft Technologies IPO subscribed 43.19 times on final day of bidding

The initial public offer of Excelsoft Technologies Ltd received 43.19 times subscription on the closing day of bidding on Friday. The IPO got bids for 1,32,59,07,625 shares against 3,07,01,754 shares on offer, according to NSE data. Among the investor categories, the non-institutional investor portion attracted 101.69 times the subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 47.55 times. The category for Retail Individual Investors (RIIs) fetched 15.62 times subscription. Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, on Tuesday said it has garnered Rs 150 crore from anchor investors. The price band for the IPO has been fixed at Rs 114-120 per share, valuing the company at around Rs 1,380 crore at the upper end. The initial public offer (IPO) has a fresh issue aggregating up to Rs 180 crore and an offer for sale aggregating up to Rs 320 crore. The company proposes to uti

Infosys to start largest ever share buyback of ₹18,000 crore on Nov 20

IT services giant Infosys' largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing. The company aims to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "The eligible shareholders can tender their equity shares during the tendering period, i.e. from November 20, 2025, to November 26, 2025. "The Buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy," Infosys said. The buyback is divided into two categories: reserved (small shareholders) and the general category. The reservation for small shareholders will be 15 per cent of the numb

Set for the best month since Nov 2024, is Nifty IT out of the woods?

Among individual stocks, Infosys has risen by 4 per cent, while Tata Consultancy Services (TCS) and HCL Technologies have risen by 5.8 per cent and 9.8 per cent, respectively thus far in October

LTIMindtree wins $100 mn deal from US chemicals and polymers firm

The multi-year contract strengthens LTIMindtree's large deal momentum as it delivers AI and automation-led IT transformation for a US-based global manufacturer

Kautilya Conclave: AI boosting services exports, says World Bank economist

South Asia Chief Economist Franziska Ohnsorge flags India's low net FDI flows

Magicbricks to raise AI integration in products, eyes IPO in 2-3 years

Real estate platform Magicbricks, profitable for four years, plans an IPO in 2-3 years while expanding AI integration across products and growing home loans and interiors services

The math behind the shock: $100,000 H-1B fee could cost Indian IT $500 mn

The Indian IT industry, which earns over 60% of its revenues from the U.S., has already been reducing dependence on H-1Bs over the past decade

'Why move to US when work can happen remotely': Sanjeev Sanyal on H-1B visa

Speaking at an event in New Delhi, Sanjeev Sanyal today questioned why IT firms in India send people to the US, noting their work does not require physical relocation

Indian IT firms slash H-1B dependence as US tightens immigration rules

Indian IT companies are reportedly cutting down on H-1B visas, hiring more locally in the US, as tougher immigration rules, rising costs, and AI-led changes reshape global outsourcing models

Indian IT firms steadier as reliance on H-1B visas has fallen: Mohandas Pai

Industry veteran and former CFO of Infosys, Mohandas Pai on Thursday said Indian IT firms' dependence on H-1B visas has come down significantly over the years, and that data indicates many leading American tech companies are among the top applicants for these visas. There was no official word from IT industry association Nasscom after US Commerce Secretary Howard Lutnick and Florida Governor Ron DeSantis made scathing remarks on these work visas meant for highly-skilled professionals describing the H-1B visa programme as "scam". Emails to top Indian IT companies including TCS, Infosys and Wipro for comments, too, did not elicit any response. "The current H-1B visa system is a scam that lets foreign workers fill American job opportunities. Hiring American workers should be the priority of all great American businesses. Now is the time to hire American," Lutnick said in a social media post this week. When contacted, Pai asserted that Indian IT companies are less dependent on these ..

Blackbox Q1 results: Net profit rises 28% to ₹47 cr despite revenue decline

IT company Blackbox has reported an increase of 28 per cent in consolidated net profit at Rs 47 crore in the first quarter ended June 30, 2025, despite decline in revenue, the company said on Thursday. Blackbox had posted net profit of Rs 37 crore in the same period a year ago. The revenue of the company declined by 3 per cent to Rs 1,387 crore during the reported quarter, from Rs 1,423 crore in June 2024 quarter. "Revenue for the first quarter (Q1) of the financial year (FY) 2026 stood at Rs 1,387 crore, compared to Rs 1,423 crore in Q1 FY'25. The delay in equipment procurement by certain clients, because of the prevailing tariff environment, resulted in difference of the service execution and revenue recognition," the company said in the statement. The order book of the company increased by 2.7 per cent to Rs 4,433 crore at the end of the reported quarter, from Rs 4,313 crore at the close of FY 2025. "While the year began at a slower pace, we are seeing solid traction in key ...

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn

Why Indian IT firms are cutting jobs even as revenue continues to grow

Even as top line growth holds steady, IT giants such as TCS, Infosys and Wipro are shedding jobs, signalling a shift to automation, pyramid reset and legacy rationalisation

India-UK trade deal: Double contribution pact to smoothen ops for IT cos

So far, Indian professionals working for a limited period in UK contributed to the country's social security funds, but they would not get benefits as they would return once the project is completed

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

Infosys completes ₹532 crore acquisition of Australia's The Missing Link

The acquisition, completed via Infosys Singapore, will strengthen Infosys' global cybersecurity operations and bolster its presence in the Australian market

TCS launches SovereignSecure Cloud for govt, public sector enterprises

IT services behemoth TCS on Thursday announced three power-packed, India-focused offerings including an indigenous and secure cloud for government and public sector enterprises, aimed at strengthening the country's data sovereignty and accelerating AI capabilities. TCS SovereignSecure Cloud is engineered to keep sensitive data within India's borders, leveraging the company's data centres in availability zones of Mumbai and Hyderabad. The Tata Group company also introduced TCS DigiBOLT, an AI-enabled low-code platform, and its globally-recognised Cyber Defense Suite in India, that the company said would empower enterprises to fast-track their digital innovation and cyber resilience. The line-up of offerings include SovereignSecure Cloud - a first-of-its-kind, indigenous and secure cloud for government and public sector enterprises, that strengthens India's data sovereignty and accelerates its AI capabilities. This cloud comes with integrated AI capabilities to support government ...

Tech Mahindra Q4 results: Net profit rises 77% to ₹1,167 cr, revenue up 4%

India's largest IT companies have flagged uncertainty and delays in technology spending decisions due to U.S. president Donald Trump's unpredictable tariff policies stoking fears of weak a fiscal year

Indian IT firms use AI to drive sales growth with fewer new hires

HCL Technologies Ltd. and LTIMindtree Ltd. are among companies saying they need fewer new staff to keep revenue increasing