It Services

HCLTech sets up Wacker Chemie global capability centre in Pune, India

The Pune GCC will support Wacker Chemie's engineering, IT and digital transformation initiatives, while providing a future-ready delivery foundation

AI can lower price of IT projects by up to 25%, says Hexaware CEO

As AI helps to improve efficiency, customers could demand 20%-25% lower fees for some of the work Hexaware accomplishes currently, CEO Srikrishna Ramakarthikeyan said

35 years of liberalisation: How IT sector became India's dollar engine

India's IT industry was built not just on Y2K, but on the 1991 reforms that opened capital, technology, telecom and global markets, creating a powerful engine of exports and foreign exchange

Happiest Minds confident of maintaining guidance this fiscal: CEO

Happiest Minds reaffirmed its 12.5% growth guidance, betting on AI demand, strong deal wins and regional expansion despite global economic and geopolitical uncertainty

Cognizant deepens Anthropic tie-up with Claude Partner Network expansion

IT services firm deepens collaboration with Anthropic to help enterprises deploy Claude-powered AI solutions across regulated industries and business operations

Mphasis says clients more 'amenable' to outcome pricing amid AI-led deals

The IT services firm says AI-led transformation is driving greater client interest in outcome-based pricing, though such contracts still account for a small share of revenue

IT firms Q1 growth not enough to offset AI's impact on traditional biz

Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams

Ashiss Dash to be Infosys CEO; to take over from Salil Parekh in April 2027

The Infosys veteran will take over as chief executive officer and managing director from April 1, 2027, after Salil Parekh completes his second term at the IT major

Infosys Q1 results: Net profit rises 12.2% to ₹7,769 cr, revenue up 14%

Infy trims FY27 revenue guidance

Cognizant bags multi-million-dollar deal from US health insurer Centene

Cognizant secures a $500 million deal from US health insurer Centene to deploy its TriZetto platform, strengthening its healthcare IT business amid weak demand

GCCs struggle to go beyond cost arbitrage in AI era, shows data

India's GCC sector faces a structural reset as AI and automation expose centres focused on routine work, forcing companies to shift towards innovation and strategic ownership

AI will not diminish role of IT services: Tech Mahindra's Anand Mahindra

The Tech Mahindra chairman said AI will transform rather than replace IT services and called for India to build sovereign AI capabilities through trusted innovation

Tech Mahindra posts 28.4% rise in Q1 FY27 profit, misses estimates

Revenue from operations increased 17.7 per cent to ₹15,711.9 crore, while EBIT rose 53.3 per cent and new deal wins reached $1.08 billion

Cautious outlook for HCLTech despite strong deal pipeline, execution

Robust bookings, steady execution contrast with conservative revenue guidance

TCS expands ABB partnership with multi-year AI network operations deal

Under the expanded partnership, TCS will deliver end-to-end global network operations for ABB through an AI-driven network-as-a-service model. The deal value was not disclosed

Token costs a concern for many customers, says TCS CEO K Krithivasan

Krithivasan and Seksaria discuss artificial intelligence revenue, rising token costs, and increasing AI spends

UST ties up with Anthropic to deploy Claude for clients across sectors

UST will embed Anthropic's Claude into enterprise workflows for clients and train 20,000 employees to accelerate AI adoption across healthcare, telecom and banking

Demand for talent returns in India's IT services sector after 3 months

Active tech job openings in India rose 14 per cent month-on-month in July, marking the first upward movement after three months of sustained declines, Xpheno said

IT industry to undergo workforce transition due to AI: Neelkanth Mishra

Neelkanth Mishra says AI will reshape India's IT workforce through reskilling and new roles, while urging stronger research, deep-tech capital and domestic AI capabilities

AI, uncertain macros, volatile geopolitics may cloud IT earnings

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins