It Sector

Tech Mahindra Q2 profit rises 32.7% to ₹1,586 crore; revenue up 15.6%

Tech Mahindra reports a 32.7% rise in Q2 net profit to ₹1,586 crore and 15.6% revenue growth, supported by manufacturing and communications, while deal wins top $1 billion.

IT sector braces for fourth year of weak growth amid geopolitical, AI risks

Growth is expected to be muted as customers remain cautious on discretionary technology projects, though recent results from Accenture Plc offered some encouragement

IT Q2 preview: Muted growth, steady margins likely, AI deflation in focus

India's top IT companies are likely to report muted revenue growth and broadly steady margins for the July-September quarter as clients keep discretionary budgets tight, with focus on how quickly strong bookings turn into revenue and how far AI is deflating traditional services, analysts said. Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1 per cent quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period. "Q2 is not going to be any better than Q1... because we are not seeing any revival in client budgets or spending. Discretionary spending remains stuck amid geopolitical tensions, and decision cycles also remain long," Gaurav Vasu, Founder and CEO of UnearthInsight, said. Gartner sees the quarter as "somewhat stronger" than the previous one. It said this is largely on the back of previously awarded contracts moving into revenue-generating phases. "However, market conditions remain broadly unchanged, with

Results preview: IT companies expected to report sombre Q2 numbers

Persistent macroeconomic uncertainty, geopolitical volatility, artificial intelligence (AI)-led pricing and productivity pressures continue to weigh on demand

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