It Service

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

AI-first startups challenge India's $264 billion IT services giants

AI-native startups are reshaping India's IT services landscape as automation drives efficiency and innovation, with the sector projected to touch $400 billion by 2030

LTIMindtree wins $100 mn deal from US chemicals and polymers firm

The multi-year contract strengthens LTIMindtree's large deal momentum as it delivers AI and automation-led IT transformation for a US-based global manufacturer

GCCs & IT services: Can collaboration amid global headwinds avert a crisis?

Global corporations, including JP Morgan, Fidelity International, Barclays Bank, Lowe's, Lufthansa, McDonald's, and Cargill, are expanding their delivery centres in India

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

Platform-based, intellectual property-driven models trigger cases

Capgemini appoints Sanjay Chalke as India CEO, Yardi to retire in 2026

Capgemini has appointed Sanjay Chalke as CEO of its India business effective January 1, 2026, while outgoing CEO Ashwin Yardi will assume the role of non-executive Chairman

IT firms in a flux over H-1B visa fees, but levers exist to mitigate impact

Analysts say Indian IT firms can offset the impact of the $100,000 H-1B visa fee through higher offshoring, reduced new applications, and client cost sharing over the medium term

Question over H-1B fee sees techies, students scrambling for answers

For Arun Kumar (name changed), a techie from south Tamil Nadu, the past 30 hours have been a whirlwind of stress and frantic search for a flight ticket to the US

UST sells subsidiary HealthProof for more than $1 bn to Bain Capital

UST will sell healthcare unit HealthProof to Bain Capital for over $1 bn and use proceeds to expand AI, cloud transformation, and data modernisation platforms

FPI AUC in India hit by ₹2 trillion IT slump; financials cushion impact

The Nifty IT index has fallen by 19.8 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 5.5 per cent

Cognizant to roll out pay hikes for 80% employees from November 1

The pay hikes for consistent high performers is likely to be in higher single digits in India, whereas top performers are expected to get the highest raise

Infosys shares rise 2% on launching JV with Telstra; stock details here

Infosys shares rose nearly 2 per cent after it announced a joint venture with Telstra, where it will invest around ₹1,300 crore

IT hiring nearly flat for 6-7 quarters; no Q2 recovery seen: Quess Corp

Hiring in the IT services sector has remained stagnant over the past six to seven quarters, with no active demand likely to pick up in the second quarter either, a top official from staffing firm Quess Corp has said. Quess Corp ED and CEO Guruprasad Srinivasan told PTI that demand for technology talents is coming from global capability centres and non-IT companies. "At least for the last six to seven quarters. And we are also not seeing very active demand coming in, even in Q2 as well. So, IT services being a bit muted or dehiring happening, there has been no impact on Quess," he said. He added that 73 per cent of staffing demand for the company comes from non-IT and GCCs, where demand for the technology talent pool is high. "Skills for AI, cloud, and cybersecurity kind of profile are high in demand. On average, the wage in itself is about Rs 1.25 lakhs. It's a high margin for us. When it comes to margin, it's about 15 to 18 per cent," Srinivasan noted. Quess Corp has posted a 4 p

Happiest Minds tightens skill scrutiny as attrition climbs to 18.2%

As demand weakens and client expectations shift, Happiest Minds is enforcing tighter evaluations and reducing talent mismatch to align with growth and cost goals

IT stocks brace for more pain post muted Q1 show; analysts share strategy

The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent

TCS stock hits 33-month low; Jefferies, YES Securities' take on what's next

TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce