It Services

IT services major LTM to launch AI-linked pricing model in FY27

LTM plans to launch Blueverse Credit, an AI-based pricing model combining human effort and digital employees, shifting beyond traditional billing methods

Companies to increase IT spending, expect more bang for their buck

IT budgets are expected to remain steady in 2026 as enterprises raise spending on AI, cybersecurity, and platform-led technology services beyond pilot-stage experimentation

Infosys profit grew 21% in Q4; pegs revenue growth for FY27 at 1.5-3.5%

The firm posted a 20.9 per cent year-on-year (Y-o-Y) increase in net profit to ₹8,501 crore for Q4, while revenue rose 13.4 per cent to ₹46,402 crore

Tech budgets will not rise much, says Persistent CEO Sandeep Kalra

Tech budgets set for modest growth as macro pressures persist, with firms prioritising AI, data readiness, and high-impact digital investments

Mastek shares down 5% after Q4 profit dips; revenue sees modest rise

Mastek reported a 2 per cent quarter-on-quarter decline in its consolidated net profit to 106.2 crore for Q4FY26, compared to ₹108.4 crore in the previous quarter

Wipro Q4 results: Net profit dips 1.9%, signals weak growth outlook

Wipro reports marginal Q4 profit decline and muted revenue growth, flags weak Q1FY27 guidance amid geopolitical uncertainty and slow ramp-up of large deals

After TCS Nashik case, other IT firms caught in social media storm

A post on X alleged that many girls were complaining of jihadi harassment at Infosys' BPO office in Pune. The post, which did not give any details, was deleted later

Wipro to acquire select Alpha Net customer contracts for up to $70.8 mn

IT services company Wipro will acquire select customer contracts of Alpha Net Consulting at a purchase consideration of up to USD 70.8 million, according to a regulatory filing on Wednesday. The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, augmenting its existing AI-powered, and consulting-led application services capabilities, and fuelling new growth opportunities. "Wipro Limited, through its subsidiaries, signed a definitive agreement on April 14, 2026 to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries," the BSE filing said. The deal involves cash purchase consideration of up to USD 70.8 million, subject to closing adjustments. This includes a deferred consideration in the form of earnout, payable subject to achievement of certain performance metrics and conditions. The transaction is expected to be completed by June 30, 2026. Alpha Net Group was founded in

Answering the AI-triggered layoff concerns

In this GuruGyan session, Madhu Murty Ronanki, Co-Founder & Head of India Operations, QualiZeal, discusses about How is AI disrupting the IT services industry

AI deal pricing to move towards outcome-based structures: TCS CFO

AI deals will gradually shift pricing toward outcome-based models as enterprises move from pilots to execution and demand measurable results, says Seksaria

Coforge appoints Sunil Fernandes as COO to lead delivery, AI push

Fernandes to oversee global delivery and key operations, with a mandate to scale execution and accelerate adoption of AI-native practices across engineering and internal systems

Wipro bags $1 bn Olam deal in one of its largest wins, to also buy IT arm

Eight-year deal with Singapore's Olam Group boosts revenue visibility and AI-led capabilities, alongside $375 million acquisition of IT arm Mindsprint

Wipro bags $1 bn deal from Olam Group; to acquire Mindsprint for $375 mn

IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed USD 1 billion (about Rs 9,314 crore) in contract value. As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for USD 375 million (about Rs 3,494 crore). "Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million. "As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm," Wipro said in a regulatory filing on Monday. Mindsprint, founded in 2007 and headquartered in Singapore, employs over 3,200 professionals across Ind

Wipro expands South Korea presence with new innovation lab in Seoul

Wipro expands its South Korea operations with a new innovation lab, larger office in Seoul, and investments in local talent to support AI-led transformation

Services sectors feel ripple effects as West Asia crisis hits operations

Aviation, hospitality, travel, e-comm, q-com, logistics prepare for dent to bottomlines; IT services insulated for now

Accenture announces new leadership for Reinvention Services division

Accenture has announced a new leadership team for its Reinvention Services division led by Manish Sharma as the company reorganises services to deliver AI-driven solutions

Tata Consultancy Services wealth erosion tops $100 billion from peak

TCS loses over $100 billion in market value from its 2022 peak as AI uncertainty and IT sector correction trigger a sharp valuation reset

Algo Rhythm: Indian technology industry's 'Yin and a Yang' moment

Country's tech industry generates $300 bn annual revenue

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

Coforge wins $158-mn UK contract as AI-led demand boosts deal sizes

Coforge has won a $158-million, five-year contract from a UK-based client, effective April, as AI-led conversations drive a rise in both the number and size of large technology deals in Europe