Page 2 - It Service

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

Analysts stay bullish on Infosys after steady Q1 show; Should you buy in?

Backed by large deals, Infosys raised the lower end of its guidance to 1 per cent from nil growth it had guided a quarter earlier. Analysts reiterated their bullish calls

AI-first startups challenge India's $300 billion IT services giants

Venture capital pours into companies like Atomicwork and Nurix AI as autonomous agents promise to reshape enterprise workflows and force legacy players to adapt

Infosys Q1 preview: Profit to dip QoQ even as revenue rises; view estimates

Infosys will report its earnings for the first quarter ended June on Wednesday, with its profit likely to fall 4 per cent sequentially

Tech Mahindra drops 2% after Q1 miss; margin woes ahead or chance to buy?

Tech Mahindra shares fell 2 per cent after the firm reported a sequential decline in first-quarter earnings. Analysts remain cautious over margin improvements

Wipro Q1 preview: IT giant to post muted sequential show amid demand woes

Wipro Q1 preview: IT firm's Q1 revenue may dip 1.7 per cent Q-o-Q; profit likely to fall over 9 per cent, say analysts

India sees highest ever office leasing in H1 2025 at 48.9 mn square feet

Strong demand from Global Capability Centres and flexible office spaces drove India's office leasing to a record 48.9 million sq ft in the first half of 2025

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

7 of 10 GenZs plan on switching jobs in 6 months for better pay: Survey

Deel survey finds high dissatisfaction among Indian Gen Z professionals with current pay, despite 11 per cent average hike, as many consider remote global roles

TCS expands SDV capabilities with new centres in Germany and Romania

TCS launches automotive delivery centres in Munich and Villingen-Schwenningen and an engineering hub in Romania to support global shift to software-defined vehicles

Freshworks appoints Ian Tickle as Chief of Global Field Operations

Tickle, previously interim CGFO and head of international sales, will lead Freshworks' global field operations and growth strategy, reporting directly to CEO Dennis Woodside

Clients not scaling back on pure GenAI projects, says Infosys CTO

Companies flagged slowdown during Q4 earnings

Capgemini to help Dai-ichi Life set up GCC in India for digital boost

Dai-ichi Life signs multi-year pact with Capgemini to build a global capability centre in India to accelerate digital transformation and tap into advanced tech talent