It Service

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

Xtglobal Infotech hits 20% upper circuit on AI-enbaled project win from US

Xtglobal Infotech share price hit a 20 per cent and rose to ₹33.63 per share on the National Stock Exchange (NSE)

TCS asks staff to use AI even if it means 'cannibalising' revenue streams

TCS CEO K Krithivasan says associates should adopt AI proactively and offer AI-first solutions to clients, even if it cannibalises existing revenue streams

Clouds of uncertainty: AI disruption puts India's IT sector in rethink mode

Industry converges at 34th Nasscom Technology & Leadership Forum 2026 beginning today

Ashok Soota disagrees with Vinod Khosla, says AI is transforming IT

Happiest Minds chairman says IT services remain essential as AI creates higher-value opportunities, countering Vinod Khosla's prediction that outsourcing will vanish

Infosys declares 85% average Q3 bonus for employees after strong results

Improved variable pay for December quarter follows steady revenue momentum and deal wins, lifting employee sentiment even as technology stocks face pressure over automation concerns

KPIT Q3FY26 results: Net profit plunges 29% to ₹133 cr, revenue up 9.5%

KPIT's Q3FY26 profit fell sharply due to labour code provisions, even as revenue rose on Europe recovery and growth in connected and autonomous vehicle services

Persistent Systems eyes expansion in Europe, to cut reliance on US market

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

Persistent Systems slips 5% on profit booking despite strong Q3 show

Persistent Systems share price today: Market participants attributed the decline largely to profit booking after a sharp rally over the past few months rather than any deterioration in fundamentals.

AI fuelling rising demand for India's IT services globally: Wipro CEO

As budget constraints loosen, Wipro is bidding for several small AI deals alongside large- and mega-deals, Pallia said on the sidelines of the World Economic Forum's meeting

Brand Finance: Eight Indian brands in top 25 IT services ranking in 2026

Brand Finance said the combined value of the top 25 IT services brands rose 2% in 2026, with Accenture retaining the top spot and Indian firms accounting for 36% of total brand value

Infosys rally lifts mood, but is worst over for Indian outsourcing firms?

The upbeat forecast for Infosys may have briefly lifted sentiment, but strained India-US ties and tougher immigration rules in its biggest market could pose fresh challenges ahead

Q3FY26 results preview: IT companies' growth likely to remain muted

Management commentary on AI-led demand to be watched closely

Accenture Q1 results signal steady outlook for Indian IT amid muted demand

Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.

India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.

Revenue per employee won't rise immediately despite AI intervention: Banga

Nitesh Banga discusses the company's growth plans and why measuring revenue per employee as an indicator of organisational efficiency is still some time away

AI, automation may cut 30% of tech services revenue, says Bain report

A Bain & Co report warns the global tech services industry could lose up to 30% of revenue as growth slows, margins shrink and AI-driven disruption accelerates, pushing firms to overhaul operations

IT is in the headlines but still ranks third in Indian services sector

The services sector's contribution to India's economy more than doubled over the last decade, with IT services GVA growing nearly fourfold despite current industry headwinds

Infosys launches composable stack of AI agents, services, and models

IT services major Infosys on Monday launched the Infosys Topaz Fabric -- a composable stack of AI agents, services, and models designed to accelerate value from enterprise AI investments. The enterprise services delivered through Infosys Topaz Fabric include IT operations, transformation services, quality engineering services, and cybersecurity services, the company said in a regulatory filing. "This is a stack of layered, composable, open and interoperable data infrastructure, models, agents, flows, and AI apps that help unify and accelerate IT service delivery across the enterprise landscape. Infosys Topaz Fabric makes it simple for enterprises to access services-as-software -- both integrated and modular -- through a comprehensive one-shop. "It unlocks enterprise value by reimagining IT processes, building on existing IT investments, and bringing together AI-led capabilities out-of-the-box while avoiding vendor lock-ins," it said. AI agents deliver services alongside humans in t