Page 2 - It Industry

Ensono bets $250 mn on AI to modernise IT services, expand in India

The US-based IT services firm will invest $250 million in AI over five years and launch a dedicated AI and Innovation Division, with more than half its 3,800 global employees based in India

KPIT Q2 profit falls 17% to ₹169 crore on JV losses, revenue up 8%

KPIT Technologies' quarterly profit fell 17% due to joint venture losses, but revenue rose 8% on strong growth in connected and autonomous vehicle segments and improving demand in Europe

Hackathon way of hiring: IT firms seek engineers with practical skills

Real-world problem-solving events are replacing conventional placements, giving IT firms a stage to recruit engineers for their practical skills

Mphasis Q2 profit rises 10.8% to ₹469 cr on strong AI-led deal wins

Mphasis posts double-digit growth in Q2 FY26 with net profit up 10.8 per cent to Rs 469 crore and $528 million in deal wins; BFS pipeline rises 45 per cent on AI-driven demand

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

Too early to decouple revenue, headcount, says Coforge CEO Sudhir Singh

The inextricable link between revenue and employee strength is a metric that has been used for the last three decades as a barometer of the health of the $284 billion industry

Number of GCCs to rise to over 2,500 by 2030 from current 1,700: ICRA

Rating agency ICRA has estimated that the number of Global Capability Centers (GCCs) in India will increase to more than 2,500 in the next five years, creating huge demand for office space. In 2024-25 fiscal, GCCs leased a record 24 million sq ft of Grade A office space across the top six cities, with their share in total leasing rebounding to 37 per cent from a low of 27 per cent in FY23, the rating agency said in a statement. ICRA projected that GCCs would take on lease 50-55 million square feet of Grade A office space during FY26 and FY27, potentially contributing 38-40 per cent to the total office space demand in the top six markets- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune. ICRA expects "the number of GCCs to rise from about 1,700 currently to more than 2,500 by 2030, generating over USD 100 billion in revenue and scaling workforce capacity by 1.5-2 times." Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, ICRA, said

Infosys Q2 results: Profit up 13% at ₹7,364 cr; ₹23/share dividend declared

The company declared an interim dividend of ₹23 per equity share, with the record date of October 27, 2025, and November 7, 2025 as a payout date

HCLTech profit flat at ₹4,235 crore, revenue rises 10.7% in Q2FY26

HCL now expects to grow between 4 and 5 per cent on a constant currency basis for the full year, up from 3-5 per cent projected in July

PM Modi, Anthropic CEO discuss responsible AI; firm plans India expansion

Prime Minister Narendra Modi on Saturday met Dario Amodei, the CEO of Anthropic, a company dealing in safe AI systems. The company also plans to open an office in Bengaluru next year. "Glad to meet you. India's vibrant tech ecosystem and talented youth are driving AI innovation that is human-centric and responsible," PM Modi said in a post on X in a response to Amodei. "We welcome Anthropic's expansion and look forward to working together to harness AI for growth across key sectors," the prime minister said. Earlier, Amodei said he met Prime Minister Modi to discuss Anthropic's expansion to India, where the use of its product 'Claude Code' has witnessed a five-fold increase since June. "Today I met with PM @narendramodi to discuss Anthropic's expansion to India - where Claude Code use is up 5x since June. How India deploys AI across critical sectors like education, healthcare, and agriculture for over a billion people will be essential in shaping the future of AI," Amodei ...

TCS headcount drops to less than 600k due to restructuring and layoffs

India's largest IT firm reports a sharp 20,000 fall in staff strength in Q2 after July layoffs; attrition dips for the first time in five quarters

Equity benchmarks inch lower on profit booking; IT jumps ahead of earnings

The Nifty 50 edged down 0.25% to 25,046.15, while the BSE Sensex shed 0.19% to 81,773.66. The two indexes rose about 2% each in the last four sessions

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

Q2 results preview: Global headwinds likely to show in IT firms' earnings

While the first few months of the financial year saw no notable deterioration, as called out by the companies in July

IT sector hit by tariffs, visas, AI, geopolitics: Can it weather the storm?

US tariffs, visa issues, geopolitical tensions, and AI disruption have plunged the IT services industry into an uncertain period

Indian IT investing $1 bn in US talent as H-1B fee hike looms: Nasscom

Nasscom says $100,000 H-1B visa fee from 2026 will have a limited effect as Indian IT firms invest $1 bn in US upskilling and local hiring, reducing dependence on visas

Major American tech companies to bear the brunt of H-1B visa fee hike

Data from the US Citizenship and Immigration Services (USCIS) reveals that out of the top 10 beneficiaries of the H-1B programme in 2025, only two are Indian IT services firms and the rest are global

$100K H-1B visa fees add to TCS' woes; firm second-biggest beneficiary

Tata Consultancy Services could be among the worst hit by Trump's new visa fee targeting foreign tech workers

'Reckless' H1-B fee will have negative impact on IT industry: US lawmakers

US lawmakers and community leaders voiced concern over US President Donald Trump's plan to impose a USD 100,000 fee on H-1B visa applications, calling the move reckless and unfortunate that will have a huge negative impact on the IT industry. Trump's USD 100,000 H-1B visa fee is a reckless attempt to cut America off from high-skilled workers who have long strengthened our workforce, fuelled innovation, and helped build industries that employ millions of Americans, Congressman Raja Krishnamoorthi said. Krishnamoorthi said many H-1B holders ultimately become citizens and launch businesses that create well-paying jobs in the US. "While other nations race to attract global talent, the United States should strengthen its workforce and modernise our immigration systemnot erect barriers that weaken our economy and security, he said. Former advisor to president Joe Biden and Asian-American community leader on immigration policy, Ajay Bhutoria, warned of a potential crisis for the US ...

BlackBuck to ditch Bengaluru's tech corridor over crumbling roads

Poor roads, traffic snarls and metro delays fuel frustration among tech firms and citizens