It Sector

Happiest Minds-ITC Infotech merger on track, listing expected in a year

Happiest Minds says its merger with ITC Infotech is on track, with CCI and Sebi approvals pending and trading in the combined entity expected to begin within a year

KPIT Technologies Q2FY27 results: Net profit declines 29% to ₹121 crore

KPIT Technologies reported a nearly 29 per cent decline in consolidated net profit to Rs 121 crore in the second quarter ended September, mainly on account of pressure on the automobile market from Chinese vehicle makers slowing down deals. The company had posted net profit of Rs 169 crore in the same period a year ago. KPIT expects losses to come down from the third quarter onwards. "Two of our largest clients are where you have seen a large decline. One is in Europe, one is in Japan. We do believe that both these accounts will bottom out over the next couple of quarters. Two or three quarters at the most is what we are looking at. However, for some of our existing OEMs' clients in passenger cars, trucks and off-highway, we will see growth come bit by bit," KPIT Technologies co-founder and joint managing director Sachin Tikekar said during the company's earnings call. KPIT Technologies posted a 6.5 per cent increase in consolidated revenue from operations to Rs 1,691 crore in the

Nifty F&O rollovers flag 'Neutral' bias; IT, telecom positive: Analysts

Nifty rollover to the November series was below its three-month average, and the cost of carry also declined, said Dharmesh Bhatt of Systematix Institutional Research.

Infosys draws four downgrades in a day on weaker annual sales outlook

Brokerages turn cautious as Infosys' reduced FY27 sales guidance raises concerns over demand recovery and AI-led disruption

Tech Mahindra buys Finastra's cash management suite to expand portfolio

The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.

Back to front? Green shoots in defensive sectors signal potential recovery

Weak demand, AI-led growth concerns and US export headwinds weigh on defensive stocks, while valuation moderation signals potential opportunities

West Asia exposure may impact IT major LTM's near-term performance

LTM's Middle East exposure weighed on Q2FY27 revenue growth, while rising AI-led deals and improving BFSI demand offer prospects for recovery despite margin and forex pressures.

IT companies attracting investors after valuations hit multi-year lows

Trailing P/E multiple of top 5 IT services companies had declined to 12.9x at September-end, lowest since 2008 global financial crisis

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