It Sector

Women's participation in flexi IT roles reaches 40% in FY26: Report

Placement of women in contractual or flexible roles in the IT and IT-enabled services sector has reached 40 per cent in FY26, reflecting the growing adoption of the workforce model, a report said on Saturday. Women's placements increased by 10 percentage points from FY22 to FY26, reaching 40 per cent in FY26, said talent solutions provider Careernet's report - Women in IT/ITeS: Trends in Contractual/Flexi Roles. The preferred roles tilt toward finance and accounting (43 per cent), followed by data science and analytics (34 per cent), UX, design and architecture (31 per cent), IT and information security (29 per cent) and engineering - software and QA (27 per cent), it said. Consulting (20 per cent) continues to lag, pointing to areas that have greater headroom for inclusion, added the report. Careernet's report is based on an annual sample of 3,000 placements in contractual positions in FY26 and was compared with data from the last four fiscal years. With respect to preference for

TCS announces annual salary hikes across all grades effective April 1

IT major rolls out pay increases effective April 1 across grades, even as headcount declines year-on-year and the company steps up investments in AI-ready workforce

BofA sees opportunity in battered bank stocks, flags IT underperformance

Nifty Bank index has fallen 8 per cent since the start of the Iran war at the end of February, underperforming the benchmark Nifty 50, which is down 4.7 per cent over the same period

AI investment hits $800 billion, India emerges as key applications hub

SenseAI report shows capital concentrating in mega-rounds, with Indian startups scaling AI applications rapidly and reaching revenue early as value shifts to the application layer

From Oracle to Amazon: Tech layoffs sweep across global IT industry

The technology sector has seen major job cuts recently, with companies including Oracle, TCS, Amazon, Microsoft, Intel and Block cutting thousands as they restructure and invest in AI

A year of flat returns and hidden cracks: How was FY26 for Indian stock market

FY26 was a muted year for Dalal Street, with flat index returns and repeated bouts of volatility driven by FPI outflows, IT sector correction, and global tensions. In this episode of Markets Special,

Infosys gains from M&A, valuations offer comfort amid AI-driven shift

Infosys' acquisitions of Optimum Healthcare IT and Stratus Global strengthen AI-led capabilities, while sector valuations remain below historical averages amid ongoing correction

IT firms to ramp up acquisitions, may spend up to $7 billion in 2026

Indian IT services firms are expected to increase acquisition spending to up to $7 billion this year, targeting AI, cloud and data capabilities amid a challenging organic growth environment

Infosys nears a leadership transition as AI rapidly rewires industry

Extend CEO tenure, recast roles, or name a successor - the 2027 call will shape the next decade

Wipro launches GIFT City Hub to provide services to global BFSI clients

IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme

HCLTech Chennai employees asked to work from home amid LPG crisis

IT services firm allows employees at its Chennai centre to work from home as LPG shortages disrupt canteen operations; some peers also see limited food services

Nasscom asks IT firms to boost cyber readiness amid West Asia crisis

IT industry body Nasscom on Monday advised technology companies to strengthen operational preparedness and cybersecurity frameworks in the wake of the evolving geopolitical situation in West Asia, cautioning that periods of uncertainty can heighten risks of disruptions and cyber threats. Issuing a fresh advisory to member companies, Nasscom said while business operations currently remain stable, organisations are proactively reviewing contingency plans and strengthening resilience measures to mitigate potential disruptions "should the situation evolve over time". The advisory comes amid conflict in West Asia following US and Israeli strikes on Iran that triggered retaliatory missile and drone attacks, disrupting airspace and raising concerns over regional stability, cyber threats, and potential spillover effects on global technology infrastructure, travel routes, and maritime trade. The widening conflict has also rattled global markets, as investors turned cautious amid fears around

FPIs sold IT stocks heavily despite positive net inflows in February

FPIs sold nearly ₹17,000 crore worth of IT stocks in February despite strong overall equity inflows, as fears of AI-led disruption drove the sector to its steepest monthly fall since 2008

TCS, Infosys, Wipro and others issue advisories for employees in West Asia

Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region

AI could mean transformation, not destruction, for India's IT industry

Indian IT firms are not uniform entities. Specialised companies, such as Persistent or KPIT, have constructed moats based on deep domain knowledge and long-standing customer relationships

ASGN names Sangita Singh president for India, international operations

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

AI fears overdone? Emkay turns 'Overweight' on IT, adds Infosys, HCL Tech

Emkay Global has turned 'Overweight' on Indian IT sector after Nifty IT fell 21 per cent in February 2026. It sees a 3-year return potential of up to 25 per cent with limited downside.

Billion-dollar AI bets shape IT narrative, says LTM executive Krishnan Iyer

Mission-critical ops remain under human oversight, says growth chief Krishnan Iyer

Power sector set for AI-driven shift as CAG plans major audit framework

CAG K Sanjay Murthy says AI and data analytics are reshaping the power sector and highlights upcoming audits on discom performance, PM Surya Ghar and regulatory challenges

IT weight in Nifty 50 hits 26-year low; oil & gas sector reclaims top spot

Investors confront reversal as decade-long IT rally unwinds, reshaping Nifty's sector hierarchy