It Companies

How CEO stock awards can push pay beyond Companies Act limits

CEO salaries may not have changed, but stock awards can still push total pay above legal limits. Here's how the Companies Act regulates executive remuneration

LTM Q1FY27 results: Net profit jumps 17% to ₹1,468.6 cr, revenue up 18%

IT Services company LTM on Saturday reported a 17.1 per cent jump in its June quarter net profit to Rs 1,468.6 crore compared to the year-ago period. The company, promoted by EPC major Larsen & Toubro, had reported a net profit of Rs 1,254.6 crore in the year-ago period, and Rs 1,387.3 crore in the March quarter. Its overall revenue grew 18 per cent on-year in rupee terms to Rs 11,608 crore during the reporting quarter, and was up 2.8 per cent when compared with the March quarter. The operating profit margin climbed to 15.5 per cent, up from 14.3 per cent in Q1FY26 and 15.1 per cent in Q4FY26. Its managing director and chief executive Venu Lambu said the results reflect the progress in executing artificial intelligence-centric strategy among other aspects and termed the order book as "strong" with a healthy pipeline across sectors. "Our AI pivot is now producing tangible proof points for clients, visible in the outcomes we are creating and in the size and nature of the engagements

TCS Q1FY27 results: Net profit rises 4.6% to ₹13,349 cr, revenue up 13.9%

Revenue for the company grew 13.9 per cent in reported terms to Rs 72,275 crore from Rs 63,437 crore in Q1 FY26

AI won't replace companies like Infosys: Chairman Nandan Nilekani

Nandan Nilekani says Infosys' role in the AI era is helping enterprises bridge the gap between AI investments and real business outcomes

Coforge's $5 bn growth sprint hinges on Encora acquisition, big deals

Coforge aims to double revenue to $5 billion by FY30, banking on Encora integration, large deals and AI-led growth to sustain momentum

Infosys to scale up Vizag ops, to set up 7K-seater campus on 20 acre campus

The state government on Thursday said that land has already been allotted for the project

Infosys picks Alcaraz as brand ambassador, but can it leverage his reach?

B2B companies hiring global celebrities at colossal prices does not really make sense

Elara initiates on Sagility with Buy; sees long growth runway, 26% upside

Elara Capital expects Sagility to report revenue and earnings CAGRs of 13.9 per cent and 20.0 per cent, respectively, in INR terms over FY26E-FY28E

Infosys to expand Mohali centre, new campus to seat 3,000 employees

IT major Infosys on Thursday announced the expansion of its Mohali Development Centre (DC) with the launch of a new 350,000-square-foot integrated development campus. The new campus will have the capacity to seat approximately 3,000 employees, the company said in a statement. The groundbreaking ceremony for the new facility saw the presence of Punjab Chief Minister Bhagwant Singh Mann and Cabinet Minister for Investment Promotion, Power and Local Government for Punjab, Sanjeev Arora, alongside Infosys Chief Financial Officer Jayesh Sanghrajka and others. "The expansion of Infosys' Mohali DC strengthens Punjab's position as an emerging hub for technology and innovation. This investment will create significant employment opportunities for the youth of Punjab and neighbouring states while bolstering the state's IT ecosystem. We look forward to Infosys' continued efforts in driving technology-led and inclusive economic growth in the region," Chief Minister Mann said. The new Software .

FIIs cut stake in IT firms in Q3FY26 amid AI woes; here's what data shows

According to the shareholding pattern of top Indian IT companies, FIIs have trimmed their stake over the last one year amid growing fear that AI is causing significant disruption

LTIMindtree unveils new identity, to be renamed LTM Limited; board approves

Company unveils new brand identity as 'Business Creativity' partner; proposed name change to LTM Limited subject to shareholder and regulatory approvals

Coforge Q3FY26 results: Consolidated profit rises 16% to ₹297 crore

IT company Coforge on Friday said it has posted 16 per cent increase in consolidated profit at Rs 296.7 crore in the third quarter ended December 31, 2025. Coforge had posted a profit of Rs 255.9 crore in the same period a year ago, the company said in a regulatory filing. The consolidated revenue from operations of Coforge grew by 28.5 per cent to Rs 4,188.1 crore during the reported quarter, from Rs 3,258.1 crore in the December 2024 quarter. Coforge Chief Executive Officer Sudhir Singh said the company posted 5.1 per cent sequential growth in the December quarter, which is a seasonally weak quarter, along with 28.5 per cent year-on-year growth. Six large deals were signed during the period. "A 30 per cent year-on-year increase in the next 12-month executable order book, and a robust large deals pipeline, gives us the confidence of maintaining our strong and sustained growth through both FY26 and FY27. "Furthermore, the USD 2 billion core of Data, Cloud and AI-led engineering th

LTIMindtree shares slide 7% as near-term margin pressures worry investors

Analysts broadly agree that execution on large deals, margin discipline and progress on the CEO's strategic priorities will be key to driving growth beyond the current fiscal.

Infosys stock to open higher on Friday? ADR jumps 10%; FY26 guidance raised

Infosys ADRs surged 10.2 per cent in New York on Wednesday after the company raised its revenue growth guidance for FY26 to 3-3.5 per cent from 2-3 per cent earlier

IT companies double down on work from office rules amid AI disruption

Experts say a slow growth environment and shorter project life cycles in the age of artificial intelligence (AI) have made these firms double down on office presence and being closer to their clients

Indian IT companies in LatAm remain unaffected by Venezuela turmoil

Some of these companies, such as Infosys and Wipro, do not even operate there. While Infosys does not have a presence, Wipro's Venezuelan unit was liquidated many years ago

Q3FY26 results preview: IT companies' growth likely to remain muted

Management commentary on AI-led demand to be watched closely

IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal

After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.

Change and churn: More than 60 former 'darlings' dropped since 1985

Replacements since 1985 reflect India's economic transformation

Labour codes: IT firms face 5-10% payroll hike, may rejig HR systems

The Indian IT/ITeS sector is one of the largest employment generating sector. The industry is expected to have an employee base of 5.8 million in FY26, according to UnearthInsights