It Sector

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

Headwinds may be past us, FY27 to be better: TCS CEO K Krithivasan

Krithivasan discusses growth prospects for FY27, the perceived threat from artificial intelligence tools, and hiring trends

TCS' FY27 starts with 25,000 fresher offers, the lowest since FY20

TCS rolls out 25,000 fresher offers for FY27, its slowest start in years, as AI-led skill gaps and cautious hiring reshape campus recruitment trends

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