Page 3 - It Sector

TPG to pump $1 billion into TCS data centre business HyperVault

TCS has entered a strategic alliance with TPG, which will invest $1 billion in HyperVault as both firms commit up to Rs 18,000 crore over the coming years to build GW-scale AI data centres

India can be the most important country in the world for AI: Kirthiga Reddy

Former Facebook India (now Meta India) MD Kirthiga Reddy shares insights on building AI-native companies and why established tech firms must move 100x faster

India's IT spend may rise 10.6% to $176 billion in 2026: Gartner

India's IT spending is projected to grow faster than the global average in 2026, driven by rapid expansion of data centres, rising cloud adoption and accelerating investment in GenAI-enabled software

India's DPDP rules: Compliance cost likely to rise for companies

The information technology (IT) cost of the commercial banks, which is around 10-15 per cent of their total expenditure, is also set to increase as they align their systems along the lines of the Act

MFs split on IT revival as outlook improves but uncertainties remain

Split wide open as sector exposure swings from defensive 5% to bold 18%

IT recovery key for Info Edge as Q2 growth lags on weak hiring trends

Recruitment gains in non-tech, real estate, matrimony cushion impact of weak tech hiring

Trump recognises H1-B talent as Indian tech leaders assess policy signals

President Trump's acknowledgement of the importance of H1-B talent has boosted sentiment in India's tech sector

Priyank Kharge: Govt-industry ties vital for India's deeptech growth

Karnataka IT Minister Priyank Kharge said the State aims to lead globally in deeptech innovation, emphasising collaboration between government and industry to boost entrepreneurship and talent

Ensono bets $250 mn on AI to modernise IT services, expand in India

The US-based IT services firm will invest $250 million in AI over five years and launch a dedicated AI and Innovation Division, with more than half its 3,800 global employees based in India

Google investment will put Vizag on global map, says Nara Lokesh

Google's $15-billion AI hub in Vizag will anchor India's next big tech ecosystem as the state pivots from special status to investment-led growth, says Nara Lokesh

Mphasis Q2 profit rises 10.8% to ₹469 cr on strong AI-led deal wins

Mphasis posts double-digit growth in Q2 FY26 with net profit up 10.8 per cent to Rs 469 crore and $528 million in deal wins; BFS pipeline rises 45 per cent on AI-driven demand

Too early to decouple revenue, headcount, says Coforge CEO Sudhir Singh

The inextricable link between revenue and employee strength is a metric that has been used for the last three decades as a barometer of the health of the $284 billion industry

Tax tweak may tilt Infosys buyback in favour of retail, mutual funds

Tech major to repurchase 100 mn shares at Rs 1,800 - 18% above current price

Q2 early-bird results show an uptick in corporate revenue, earnings growth

Recovery in revenue and profit growth led by companies in cyclical sectors

IT sector shows signs of recovery as clients warm up to AI-led projects

Infosys, which topped analyst estimates for profit and revenue in the second quarter, sees full-year revenue growth of 2-3%, compared with its prior view of 1-3%

IT firm Black Box targets 15% annual growth, aims for $2 bn revenue by FY29

IT company Black Box expects 15 per cent year-on-year growth for the next four years as it eyes to cross the USD 2 billion revenue mark by fiscal year 2029, a senior company official said. Black Box President and CEO Sanjeev Verma told PTI that the company expects that its planned acquisition may add up to USD 750 million in incremental revenues. "With a quarterly order book averaging USD 500 million, the company anticipates closing the fiscal year with a backlog 30-40 per cent higher than last year, providing strong forward visibility," Verma said. The company had posted revenue of Rs 1,387 crore, about USD 160 million, in the first quarter ended June 30, 2025. "For FY'26, we are guiding revenues in the range of Rs 6,750-7,000 crore. This outlook reflects the momentum in our core business and the steps we are taking to build a stronger foundation for sustained growth," Verma said. The BSE-listed digital infrastructure solutions provider and part of the Essar Group has unveiled an

Infosys wins ₹14K cr deal from UK's NHS for workforce management solution

The 15-year contract with NHS Business Services Authority will replace the Electronic Staff Record system and manage payroll for 1.9 million NHS employees

Clash of the titans: Legal disputes among IT services firms on the rise

Platform-based, intellectual property-driven models trigger cases

Equity investors shift focus from export sectors amid US trade hurdles

Weighting of domestic demand-driven sectors surges; 'sunrise' stocks leap ahead

IT sector sees muted FY26 growth; recovery likely with AI adoption: Report

The Indian IT sector is experiencing subdued growth, with industry guidance and recent results pointing towards a muted outlook for FY26, though a recovery in FY27 is possible with recovery in key export markets and adoption of new technology. According to HSBC Global Research, near-term discretionary spending among clients remains weak, but there are signs of acceleration in the next fiscal year, especially as adoption of artificial intelligence (AI) among enterprises gathers pace. While the near-term demand environment remains soft and unchanged, FY27 is likely to see pick-up in demand driven by recovery in the US macro and increase in demand from IT companies looking to drive enterprise scale AI adoption, HSBC Global Research said. Key indicators show that the Indian IT sector has faced challenges related to global macroeconomic uncertainty, client cost optimisation, and delayed decision-making. Major Indian IT firms such as TCS, Infosys, and HCLTech reported healthy large deal .