It Services

Persistent to buy German digital engg firm Nagarro, expand Europe presence

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

Tech services to remain relevant in AI era: Nasscom US CEO Forum

Nasscom says AI will transform-not replace-Indian IT services, with enterprise AI adoption expected to create a $300-400 billion global opportunity by 2030

IT weighting in Nifty drops to record low amid prolonged sector selloff

Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence

Safe harbour 2.0: Bigger net, lingering doubts as firms seek clarity

Revamp raises threshold, but experts warn of interpretational hurdles

Govt's AI strategy problem: Why sovereign models may not be the answer

India should focus on AI talent, innovation and global integration rather than spending public funds on building a sovereign large language model, argue the authors

AI agents: The silent workforce shift across India's IT services industry

Behind the automation wave, India's IT sector is reshaping talent, delivery and the future of work

Coforge aims to double revenue to $5 bn by 2030, says CEO Sudhir Singh

The mid-tier IT firm plans to drive growth through large deals, AI investments, acquisitions and expansion in healthcare, public-sector and GCC businesses

TCS to take additional $70 million blow from DXC Technology case in US

The suit accused TCS of exploiting software access granted to Transamerica employees, who were transferred to TCS in a $2 billion deal

India's IT firms paid record ₹1.3 trillion to shareholders amid AI led disruption

India’s top 16 IT services companies paid a record ₹1.3 trillion to shareholders in FY26 through dividends and share buybacks, marking the fastest growth in payouts in nine years.

Enterprise AI adoption low due to high token usage, low RoI: Cognizant CEO

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

Black Box and AIONOS collaborate to accelerate enterprise AI adoption

Black Box and AIONOS partner to accelerate enterprise AI transformation by combining digital infrastructure with AI platforms for global-scale deployment

Wipro raises stake in insurance tech firm Aggne to 80% for $28.5 million

The additional investment in the insurance technology firm is expected to strengthen Wipro's AI- and IP-led transformation capabilities in the property and casualty segment

Infosys CEO Salil Parekh's salary rises 2.5% to ₹82.6 crore in FY26

Infosys CEO Salil Parekh's pay rose 2.5% to ₹82.6 crore in FY26 as the company sharpened its focus on enterprise AI adoption

Happiest Minds banking on large deals to maintain double digit growth

Happiest Minds bets on large deals, AI-led demand, and regional diversification to sustain double-digit growth amid macro uncertainty

Mphasis bets big on AI with launch of outcome-based Tria platform

Invested 1.5% of revenue over the last two years to build it

LTM offers to buy Randstad's Europe, Australia businesses for 160 mn euro

The acquisition will help LTM expand its AI, engineering and cybersecurity capabilities in Europe and Australia while strengthening its presence in aerospace, defence and financial services

Wipro's long wait for a turnaround continues after more than a decade

Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue

GCCs trump IT services sector in net hiring for third consecutive year

India's global capability centres added nearly 200,000 employees in FY26, outpacing the IT services sector as firms accelerated in-house technology operations and AI-led transformation

TCS rolls out average salary hikes of 6-8% for employees in India

High performers, employees in the top-rated A+ category, have received hikes of more than 10 per cent, the sources added

IT firms paid record ₹1.3 trn to shareholders in FY26 despite AI headwinds

India's top IT firms returned a record ₹1.3 trillion to shareholders in FY26 even as AI disruption slowed profit growth and pressured valuations