Indian It Services Firms

Wipro bags $1 bn deal from Olam Group; to acquire Mindsprint for $375 mn

IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed USD 1 billion (about Rs 9,314 crore) in contract value. As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for USD 375 million (about Rs 3,494 crore). "Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million. "As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm," Wipro said in a regulatory filing on Monday. Mindsprint, founded in 2007 and headquartered in Singapore, employs over 3,200 professionals across Ind

LTM bags $100 million deal from European medtech firm for 7 years

LTM has won a $100 million, seven-year deal from a European medtech firm to support and develop its flagship products, strengthening its large-deal momentum amid a tough macro environment

Brand Finance: Eight Indian brands in top 25 IT services ranking in 2026

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

Early-bird results in Q3 show worst earnings growth in 17 quarters

IT firms, RIL slow profit growth; banks biggest laggards in revenue

Infosys rally lifts mood, but is worst over for Indian outsourcing firms?

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

Coforge to buy AI firm Encora for $2.35 billion in all-stock deal

All-stock deal is the biggest acquisition by an Indian IT firm in ER&D space

H-1B reset: Students and entry-level talent may be the hardest hit

The US has replaced random H-1B selection with a wage-weighted lottery and a new $100,000 fee for applications, raising uncertainty for students and junior hires, experts say

India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura

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

LTIMindtree wins $100 million deal from US-based chemicals company

The multi-year contract strengthens LTIMindtree's large-deal momentum as IT firms focus on cost optimisation and efficiency-led growth in a cautious spending climate

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

GCCs & IT services: Can collaboration amid global headwinds avert a crisis?

Global corporations, including JP Morgan, Fidelity International, Barclays Bank, Lowe's, Lufthansa, McDonald's, and Cargill, are expanding their delivery centres in India

High single-digit growth to still elude IT firms for some time: Cognizant

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

Invenia expects to grow revenue to ₹2,000 cr in three years: Vice Chairman

Digital infrastructure and IT services firm Invenia expects to grow its revenue by around 40 per cent to Rs 2,000 crore over the next three years, driven by rising demand for connectivity from data centres and government projects, a senior company official said. Invenia Vice Chairman and Non-Executive Director Ankit Agarwal told PTI in an interview that the company sees a multi-billion dollar business that will be largely driven by influx of data centres and government projects like BharatNet to boost connectivity. "We are looking to take the business from about Rs 1,300 -1,400 crore of revenue this fiscal year to closer to about Rs 2,000 crore in about three years time," Agarwal said. He said that the equity capital of Invenia was around Rs 907 crore and its asset value was close to Rs 2,800 crore as on March 31. "We have a very healthy order book. The company had an open order book of around Rs 4,250 crore as on March 31," Agarwal said. Hived out from Sterlite Technologies, Inve

Infosys gives 80% bonus to majority of employees for first quarter

Infosys has rolled out an average 80 per cent performance bonus for Q1, linked to employee ratings across PL4-PL6 levels, following stronger-than-expected quarterly growth

Coforge edges past rivals in a hotly contested mid-tier IT services market

According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

GCC business contributes 10% to Coforge revenue amid growing demand

Maddee Hegde, executive vice president and head of the company's business process service (BPS) and GCC units, told Business Standard in an interaction-Coforge is focusing in its core verticals

Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure

In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform

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