Page 6 - It Industry

AI adoption still in early stages for most global enterprises: Accenture

Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

Infosys to accelerate digital transformation at Yorkshire Building Society

Leveraging cloud, data, artificial intelligence, and cybersecurity solutions, Infosys will help Yorkshire Building Society achieve its 2030 strategic plan

CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal

The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore

Certified gains: More skills mean more rewards in India's IT sector

The Cloud training and consulting company questioned more than 800 respondents in 113 cities to explore IT skills' impact on career

BSE-listed Black Box wins ₹1,550 crore in orders in March quarter of FY25

The company cited robust demand across sectors and geographies, driven by ongoing IT modernisation and digital transformation initiatives

LTIMindtree Q4FY25 results: Net profit up 2.6% to ₹1,128.5 crore

Revenue was up 9.9 per cent to Rs 97,717 crore during the same period

Q4 results: HCLTech rewrites playbook for FY26 with tariffs in play

Firm expects revenue growth to be in the range of 2 to 5%

BSA CEO Espinel seeks rationalisation of software localisation norms

To bid for government projects in India, the government mandates that a certain percentage of the product, including software solutions, be made domestically

Zoho's Sridhar Vembu warns of fundamental reckoning in India's IT industry

Zoho's Sridhar Vembu has sounded an alarm about the future of India's software and IT services sector, arguing that the industry is facing a fundamental reckoningnot just a cyclical downturn or a challenge from artificial intelligence, but a structural shift that will reshape the next several decades. In a post on X, Vembu contended that inefficiencies in products and services have long plagued the global software industry. "My operating thesis: what we are seeing is not just a cyclical downturn and it is not just AI related. Even without the uncertainty induced by tariffs, there was trouble ahead. "The broader software industry has been quite inefficient, both in products and services. These inefficiencies have accumulated over decades of a prolonged asset bubble," Vembu, who stepped down as CEO in the IT firm in January to focus on R&D, wrote. He noted that India, as a major exporter of software and IT services, has adapted to and even relied on these inefficiencies, with ...

PLI for mobiles must extend beyond FY26: Bhagwati Products cofounder

Bhagwati Products targets ₹12,000 cr revenue in FY26

Govt working on 25 chipsets with Indian IPR to fight cyberattacks: Vaishnaw

Vaishnaw unravels the action on the ground and the move towards localisation

Next wave of innovation in India needs to be deep tech led: Chandrasekhar

Chandrasekhar said that the new tech startups will need a different talent set from what the country generated earlier. Science and research are going to be "bedrock" of the innovation wave, he said

Trump tariff shadow looms over FY26 growth outlook of IT cos, say experts

Rising global uncertainty and fear of slowdown in its biggest market, the US, is seen taking a toll on the Indian IT industry's showing, with several analysts now warning that a possibly weak exit for the just-ended FY25 may be followed by an "unexciting guidance" or outlook pullbacks for FY26 as well as pain up ahead in verticals such as retail and manufacturing. Discretionary spends, they say, would most likely come under cloud, again, dashing any hopes of its near-term recovery. Market watchers further warn that the next 3-6 months could see a build up of negative news -- including earnings cuts and potential pullbacks in FY26 guidance. Retail and manufacturing verticals are being called out by industry pundits as particularly vulnerable, amid global aftershocks, and market carnage. That said, some believe that "survival spend" may come into focus, as also GenAI. While near-term prospects remain muted, outlook could turn favourable in the second half of FY26, driven by macro ...

$20 bn IT contracts up for renewal amid GenAI wave, global uncertainties

These renewals are particularly significant as they come at a time when US-imposed tariffs and global macroeconomic uncertainties have created a cloud of uncertainties.

Indian IT companies brace for impact as tariffs fan US recession fears

The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth

AI threatens to upend India's ITeS industry's human capital requirements

It is vital now for India's ITeS behemoths to inform what this transformation implies for their future business models, their earning plans, and their hiring decisions

With eye on transformation, industry bets on 10-30% higher AI budget

Industry experts pointed out that there is a rising demand for professionals skilled in data science, machine learning, and AI systems development

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