Page 3 - It Industry

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

Infosys announces Rs 18,000 crore buyback, its largest in 10 years

Infosys announced a Rs 18,000 crore buyback at a 19.3 per cent premium, its largest in 10 years, as IT stocks remain under pressure from weak macro trends and tariff risks

Infosys to consider share buyback proposal at board meeting on Sept 11

Infosys will review a proposal for share buyback at its September 11 board meeting, the first since its Rs 9,300-crore buyback in 2022 at Rs 1,850 per share

What is US HIRE legislation and what it means for Indian tech sector

The US HIRE Act plans a 25 per cent tax on outsourcing payments by American firms, aiming to boost local jobs; the move could raise costs for companies relying on Indian IT and service providers

IT, ITes, electronics industries welcome GST reforms strengthening exports

Nasscom and the electronics manufacturing industry have welcomed the GST reforms, highlighting the positive impact on exports, ease of doing business, and future opportunities for digital inclusion

ISM 2.0 to cover semiconductor ecosystem partners as well: Vaishnaw

The second version of India Semiconductor Mission 2.0 will provide support not just for chip manufacturing projects but also to the ecosystem partners who play key roles in their production, Union Minister Ashwini Vaishnaw said on Tuesday. While speaking to the media at Semicon India 2025, Vaishnaw said that a significant portion of the incentives will be earmarked for product development. "Getting ecosystem partners into the country is very important because that is the way to sustainably grow. "All the sectors need to be covered. We will continue that same approach and will give a lot of support to equipment manufacturers, material manufacturers and all other ecosystem partners. That will be a significant part of our journey," the minister said in response to a question on the next version of the India Semicon Programme. Under the first edition of India Semiconductor Mission, the government had approved an incentive of Rs 76,000 crore, comprising Rs 65,000 crore in incentives for

IT firm TCS receives $644 million order from Scandinavian insurer Tryg

Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies

Odisha govt approves new IT, electronics component manufacturing policies

To attract investment, the Odisha government on Monday approved Electronics Component Manufacturing Policy and IT Policy, an official said. The state cabinet meeting, chaired by Chief Minister Mohan Charan Majhi, this evening has approved the two policies. The Electronics Component Manufacturing policy aims to generate high-skilled employment opportunities while reducing India's reliance on imported electronic components, said chief secretary Manoj Ahuja. The policy offers a comprehensive incentive framework that includes fully matching the central government's electronics component manufacturing scheme (ECMS) support, he said. Under the policy, investors can avail a 50 per cent capital subsidy for the first 10 large-scale projects or select a matching subsidy along with turnover-linked incentives and additional capital subsidies, Ahuja said. The state will provide a 35 per cent capital subsidy for the 11th onward projects, the chief secretary said. Other key benefits include lan