It Sector

Govt to support 20 indigenous sovereign AI models under IndiaAI Mission

Govt has identified 20 indigenous sovereign AI models for support under the IndiaAI Mission, spanning LLMs, speech, video and domain-specific applications, while expanding AI infra and skilling

Next two quarters will be tough for the markets, B. Gopkumar, Axis MF

We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.

TCS adds 9,279 employees in Q1, marks second straight quarter of hiring

Tata Consultancy Services added 9,279 employees in the first quarter, signalling improved visibility on deal pipelines despite persistent macroeconomic uncertainty and AI-led disruption

Fallen on hard times: AI pressure is mounting on the Indian IT industry

AI-led disruption, weak client spending and the rise of GCCs are reshaping India's IT sector, weighing on earnings, hiring and stock valuations

Enterprise AI adoption low due to high token usage, low RoI: Cognizant CEO

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

Grade-A office vacancies may fall up to 16% in FY27: Crisil Ratings

Crisil Ratings says healthy leasing growth and steady demand-supply dynamics may reduce vacancy levels, though AI-led disruptions and geopolitical risks remain concerns

LTM offers to buy Randstad's Europe, Australia businesses for €160 million

LTM plans to acquire Randstad's Europe and Australia tech units for €160 million to deepen AI, cybersecurity and digital engineering capabilities

GCCs trump IT services sector in net hiring for third consecutive year

India's global capability centres added nearly 200,000 employees in FY26, outpacing the IT services sector as firms accelerated in-house technology operations and AI-led transformation

Mutual funds' IT exposure at eight-year low amid AI, growth worries

IT stocks now account for just 6.7% of MF equity holdings, the lowest in eight years: Report

Redington shifts to air freight as West Asia conflict disrupts trade

Air freight ‌rates have surged since the US-Israeli war on Iran began at the end of February, as higher fuel costs and disrupted sea shipments squeeze capacity

Warning signs for India’s IT sector?: Infosys drops out of India’s top 10 most valuable companies

Infosys has lost over ₹2 lakh crore in market value this year and has slipped out of India’s top 10 most valuable companies. But this is bigger than one stock crash.

Cognizant may cut 7,000-15,000 jobs as part of its Project Leap programme

Cognizant may cut up to 15,000 jobs as it pivots to an AI-led model, reflecting deeper shifts in IT services economics and weakening demand

Infosys to set up 20-acre campus in Vizag, capacity for 7,000 staff

IT services major Infosys has announced plans to set up a permanent, 20-acre campus in Visakhapatnam, signalling confidence in the region's economic and technological potential. The facility is designed to accommodate 7,000 professionals. Over the last two years, Infosys' growth in the city has scaled in the port city from 250 employees to 1,900, with an additional 750 seats set to become operational in the near-term, said an official press release on Thursday. "The company has outlined plans for a permanent 20-acre campus with a long-term seating capacity of 7,000 professionals - demonstrating strong confidence in the region's long-term potential," said the release. A defining feature of the IT services company's growth is its deep integration with the local talent ecosystem, it said. The Visakhapatnam campus has recruited over 1,000 freshers and 500 lateral hires from the region, reflecting the availability of industry-ready talent and the success of Andhra Pradesh's focused ...

Earnings, currency stability key to FY27 equity performance: Devalkar

Valuations are now more balanced after the correction and advises investors to adopt a staggered approach to equity investing, says Devalkar

AI is a massive opportunity, says Nasscom's chair Srikanth Velamakanni

NASSCOM's new chair highlights AI as both disruptor and growth driver, amid hiring slowdown, rising compute costs, and global uncertainty shaping India's tech sector

Tech Mahindra Q4 results: Net profit rises 16% to ₹1,354 cr, revenue up 13%

Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates

HCLTech Q4 results: Net profit up 4.2%; slow start to FY27 flagged

Client cutbacks, macro jitters trim growth expectations

Cognizant CEO's compensation grew 28% to $21.5 million last year

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

TCS offers work from home option to employees at its Nashik centre

TCS allows work-from-home at its Nashik centre after harassment allegations trigger arrests and a police probe into workplace safety concerns

Wipro announces ₹15,000 crore share buyback, offers 19% premium

Wipro plans Rs 15,000 crore share buyback, its largest ever, offering 19 per cent premium to market price as it looks to reward shareholders and support stock performance