Page 2 - It Firms

Infosys to invest ₹300 cr to set up campus in Mohali: Punjab minister

Infosys Limited will set up a new campus in Mohali with an investment of Rs 300 crore, Punjab Industry Minister Sanjeev Arora said on Thursday. Addressing the media here, Arora said the new campus will come up over 30 acres of land. "In the first phase, 3 lakh square feet of the area will be constructed," he said, adding that it will create 2,500 new jobs in the city. In the next phase, 4.80 lakh square feet area will be developed, he added. The minister informed that IT services company Infosys, which has been in Mohali since 2017, is expanding its presence in the city. Sameer Goel, who is heading the company's Mohali centre, said the company has received good support from the state government for the project. "We have been in this region for quite some time. We are happy that we are expanding our presence in the region," Goel said. The minister said the state government's push for several initiatives has helped Punjab attract further investments. "We are giving approvals to .

US govt set to favour high-paid workers in H-1B visa process overhaul

Trump administration proposes weighted H-1B visa selection, replacing lottery with wage-based tiers; move could hit Indian IT firms while favoring high-skilled, high-paid roles in US tech

Healthcare IT firm Availity to triple India tech staff by 2026 end

The company will widen its Bengaluru capability centre, targeting headcount growth to 400 from 250 by end-2025

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 ...

Impending disruption: India must look beyond schools for the AI juggernaut

There are no easy solutions to this problem. Firms cannot be stopped from adopting technology to remain competitive

Upskill or risk losing job: IT firms warn employees as AI takes hold

The $282 billion sector, employing around six million people, has long been one of the country's largest organised job creators

IndiaAI Mission: Large IT, AI firms may not get govt nod to make LLMs

Meity says these firms can obtain GPUs on their own

India's data centre sector may attract $20-25 bn in next 6 years: Colliers

India's data centre industry has seen investments of nearly USD 15 billion since 2020 and is likely to attract USD 20-25 billion fund over the next six years, on rising demand, according to Colliers. In its latest report, real estate consultant Colliers India mentioned that India's data centre capacity stands at 1,263 MW as of April 2025 across seven major cities, and the capacity is likely to cross 4,500 MW by 2030. The existing data centre real estate footprint stands at 15.9 million sq ft, and this is expected to rise significantly, reaching about 55 million sq ft by 2030. The scale-up in the Indian DC industry has been accompanied by equally impressive investments in the last 5-6 years. The industry has already seen investments to the tune of USD 14.7 billion since the beginning of 2020. These investments have been largely focused on land acquisition, project construction and development, etc," the consultant said. "In the next 5-6 years, amidst massive adoption of cloud ...

Infosys trims variable bonus payment to 65%, cites business condition

Most IT services companies expect near-flat growth in FY due to macroeconomic uncertainty

Cognizant Q1 net income rises 21.4%; maintains full year revenue guidance

Revenue for the Q1 CY25 grew 8.2 per cent in constant currency to $5.1 billion compared to the same quarter last year

IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh

India's second largest IT company Infosys' board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore. In a recent filing, the company said the board, based on the recommendations of the Nomination and Remuneration Committee, approved the said annual grants to Parekh, as per his employment agreement approved by shareholders. Among them is "grant of annual performance-based stock incentives (Annual Performance Equity Grant) in the form of Restricted Stock Units (RSUs) covering company's equity shares having a market value of Rs 34.75 crore as on the date of the grant under the 2015 Stock Incentive Compensation Plan (2015 plan)". This, Infosys said, would vest 12 months from the date of grant subject to achievement of performance targets as determined by the board. The nod also includes grant of annual

FY26 may be worse than FY25 for IT services firms amid global headwinds

Uncertainty is also accentuated as the tariff scenario can play out in numerous different ways. A large part of the tariffs could get rescinded in the future or there can be an escalation of tariffs

US tariffs: Manufacturing, retail growth for IT companies may take a hit

Could lead to slower decision making, less discretionary spending on new-age technology

Cognizant looks to break into top four IT services companies by 2027

Company focusing on AI and training employees to regain leadership position, says annual report

Q4 results preview: Macro headwinds cloud IT firms' growth outlook

Accenture said last week discretionary spending has picked up in financial services and in the US

IT firm Happiest Minds Technologies announces top leadership changes

The company said that Joseph Anantharaju, who was the executive vice-chairman, president and chief executive officer of the PDES division

IT firm Happiest Minds appoints Joseph Anantharaju as CEO, Co-chairman

IT company Happiest Minds Technologies on Wednesday announced apex-level changes in its organisation structure, effective immediately. Joseph Anantharaju has been elevated to Co-Chairman and CEO of the Bengaluru-headquartered firm, according to a company statement. He will now head all business divisions of the company: Product & Digital Engineering Services (PDES), Infrastructure Management & Security Services (IMSS), and GenAI Business Services (GBS). Earlier, he served as the executive vice chairman, president & CEO of the PDES Division up till now. Its Chairman Ashok Soota will now take up an additional position as the Chief Mentor. Venkatraman Narayanan will continue as the MD & CFO of Happiest Minds. He will head the finance, talent acquisition, internal IT, learning & development, ESG, CSR, procurement and administration teams. Anantharaju and Narayanan will be jointly responsible for M&A and Board matters, the statement said, adding that they will ...

Explained: Why Infosys, Cognizant are battling it out in a US court

Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

IT major HCLTech to use AI to improve Children's Minnesota's operations

"We are proud to partner with Children's Minnesota as they embark on a digital healthcare evolution," said Shantanu Baruah, executive vice president of healthcare at HCLTech