It Sector

Oracle begins fresh layoffs as AI infrastructure spending keeps rising

Oracle has begun another round of layoffs after its workforce fell by 21,000 in financial year 2026, as the software giant ramps up spending on AI data centres and infrastructure

India's new-age economy to triple to nearly $300 billion by FY31: Redseer

Consumption-led sectors, including consumer goods, retail and leisure, are expected to remain the cornerstone of growth, reaching about $150 billion by FY31 at an annual growth rate of around 25%

Coforge tanks 9% as chairman OP Bhatt resigns on board evaluation concerns

Coforge chairman OP Bhatt resigned after an internal ​audit into a board evaluation found concerns, ​including that material information about his own performance not fully disclosed to the board.

Opportunity to raise money via NFOs maybe limited: Chirag Setalvad, HDFC AMC

The slowdown in NFOs is more to do with the product suite being complete rather than concerns on the market's trajectory, Setalvad said.

Infosys gives 70% variable pay for Q1 amid challenging demand environment

The average variable payout remained unchanged from the fourth quarter but was lower than the 80 per cent paid for the same period last year amid macroeconomic volatility

Kolkata's tryst with reforms: IT, retail gained but past glory elusive

Even as new-age offices and crisscrossing flyovers reshaped the skyline, Kolkata's image changed only fleetingly

IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand

IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth

Fresher hiring gains in manufacturing, retail as IT demand cools: Report

The report also flagged limited practical exposure, faster-changing skill requirements and employers becoming more selective about training investments as key challenges for entry-level workers

AI chipping away at India's outsourcing edge, says World Bank

MNCs, globally-linked firms hiring at a much slower pace than domestic peers as GenAI starts reshaping South Asia's labour market

Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?

The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.

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