Page 2 - It Sector

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

Wipro to hike salaries from March 1, bringing much-needed relief to staff

IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified

TCS needs to be prepared to take advantage of AI: N Chandrasekaran

Tata Sons chairman N Chandrasekaran asked TCS employees to embed AI into daily work, reflect on recent underperformance and focus on execution as adoption of the technology accelerates

A paradigm shift: Threat is increasing for routine IT roles across services

The advent of useful new technology always leads to disruption as some functions are phased out. For example, horse breeders suffered an apocalypse when the automobile arrived

ISM 2.0 to focus on chip design, equipment ecosystem: Vaishnaw

Next phase of India Semiconductor Mission to prioritise chip design firms, manufacturing equipment supply chain and advanced semiconductor talent