It Services

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

Coding to AI returns: IT's moment of truth as tech reshapes services

Tech firms shift focus from labour arbitrage to outcomes as AI does most of the work

Persistent faces growth, execution worries with Nagarro acquisition

The Nagarro acquisition expands Persistent's global footprint but raises concerns over slower growth, integration challenges and execution risks amid a steep acquisition premium

Tech Mahindra ties up with Perplexity to strengthen AI-led enterprise sales

Tech Mahindra will deploy Perplexity Enterprise Pro across its sales and customer-facing teams to improve access to AI-powered, source-backed insights and strengthen client engagement

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