Information Technology

IT firms paid record ₹1.3 trn to shareholders in FY26 despite AI headwinds

India's top IT firms returned a record ₹1.3 trillion to shareholders in FY26 even as AI disruption slowed profit growth and pressured valuations

Nifty IT tumbles 3.7% to near 3-year low amid AI disruption concerns

Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models

Why IT services firms are loosening their purse strings amid AI shift

As the model shifts to AI-led transformation, the $300 bn sector will see more M&As, consolidation & layoffs

Black Box rallies 11% on huge volumes; stock zooms 95% since April

In a clarification to the stock exchanges on surge in trading volume, Black Box said there was no undisclosed / price sensitive information or any impending announcement / corporate action.

Sasken Tech zooms 20% to hit new 52-wk high post Q4; ₹13 dividend declared

Sasken Technologies has reported 125 per cent Y-o-Y jump in its Q4 net profit to ₹26.98 crore. Besides, the board has also declared a final dividend of ₹13 per share.

HCL Technologies, Infosys at 52-week lows; shares slide up to 17% in 1 week

Analysts believe HCL Technology's softer revenue guidance versus expectations and an AI deflation impact of 3-5% will likely raise concerns about overall industry growth for FY27.

Bracing for Mythos: AI power pushes global cybersecurity overhaul

The AI model's powerful capabilities force global leaders to overhaul cybersecurity frameworks against autonomous exploitation risks

AI-generated content: Meity proposes continuous labelling mechanism

Draft amendment to IT Rules mandates continuous, clearly visible labels for AI-generated content across formats, as govt extends consultation deadline to May 7

Govt forms high-level inter-ministerial body to steer AI governance plan

A high-level inter-ministerial body, AI Governance and Economic Group, headed by Union IT Minister Ashwini Vaishnaw, has been constituted to steer the country's national AI governance strategy, an official statement said on Thursday. AI Governance and Economic Group (AIGEG) will coordinate policy across ministries, departments and sectoral regulators and oversee cross-sectoral governance issues. "The AIGEG will operate as the apex inter-ministerial body within India's AI governance institutional framework. It will be supported by a Technology and Policy Expert Committee (TPEC), which will offer expert advisory to the AIGEG on global developments, emerging technologies, risks, regulation and other evolving priorities relating to AI policy and governance," the statement said. The inter-ministerial body will be chaired by the union electronics and IT minister Ashwini Vaishnaw whose portfolio spans railways and Information and Broadcasting. Minister of State for Electronics and IT Jiti

I-T staff unions warn of agitation from April 16 over long-pending demands

Two major employee associations of the Income Tax Department have written to the government stating that they would resort to a graded agitation schedule beginning April 16 if their "long pending" issues and "precarious" working conditions are not resolved. The Joint Council Action (JCA), comprising the Income Tax Employees Federation (ITEF) and Income Tax Gazetted Officers' Association (ITGOA), represents about 97 per cent of the department's workforce that works to collect revenue for the government under the direct tax category. Officers from the Indian Revenue Service (IRS) constitute the third association, and they lead the department as heads of various verticals. The JCA, in its letter dated April 6, to the Revenue Secretary under the Union Finance Ministry, said that the forum was approaching his office with its ten-point grievances due to the "persistent apathy" of the Central Board of Direct Taxes (CBDT) in resolving these issues. The CBDT frames policy for the tax ...

Press bodies, advocacy groups urge rollback of proposed IT Rules changes

Media and policy groups warn draft amendments could expand censorship powers, threaten free speech, and bring independent creators under tighter government control

IT firms may post muted Q4; weak INR to cushion earnings; FY27 guidance key

IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance

Accenture leases 1.65 lakh sq ft office space in Noida for ₹195 crore

IT major signs five-year lease with Onward Coworkx in Noida, reflecting sustained demand for office space amid strong leasing activity in metro cities

USTR flags issues in DPDP Act, IT Rules provisions impacting firms

USTR flags lack of deemed consent for credit information firms under DPDP Act, says provisions and data rules may affect operations of US credit bureaus in India

Infosys stock hits lowest level since Dec 2020; market cap dips below ₹5 tn

Infosys's stock price has corrected 25 per cent thus far in the calendar year 2026, as against 11.4 per cent fall in Nifty 50, on likely threat to revenue growth.

BSE FMCG, IT, Realty indices hit 52-week lows; down up to 13% in 1 month

Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while FII outflows added to the market pressure, said Geojit.

Foreign outflows from IT stocks at 7-month high in Feb on AI shockwaves

Foreign portfolio investors sold IT stocks worth ₹16,949 crore ($1.85 billion) for the month

Best of BS Opinion: New GDP series welcome, but more needs to be done

A new GDP base year, US-Israel strikes on Iran, India's urban planning crisis, and artificial intelligence's impact on the IT sector dominate today's Opinion page

As AI grows, legacy will compress: McKinsey & Company's Noshir Kaka

McKinsey's Noshir Kaka says AI disruption could unlock a $15 trillion opportunity, but IT services firms must overhaul business models, talent, and pricing to win

Suzlon, Ola Electric, Bata, RPower, Wipro hit 52-week lows in firm market

Wipro, Cyient, Hexaware Technologies, KPIT Technologies and L&T Technology Services from the IT sector and Info Edge (India) and C.E. Info Systems from the IT-related sector hit 52-week lows on Monday