It Services

India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.

India's IT spend may rise 10.6% to $176 billion in 2026: Gartner

India's IT spending is projected to grow faster than the global average in 2026, driven by rapid expansion of data centres, rising cloud adoption and accelerating investment in GenAI-enabled software

HCLTech in collaboration with Nvidia launches physical AI innovation lab

HCLTech partners with Nvidia to launch a Santa Clara lab that helps global enterprises build, test and scale physical AI and robotics solutions for next-gen industrial automation

DPDP Act: IT services firms likely to have a short learning curve

Despite higher compliance costs, India's top IT firms expect minimal disruption from DPDP Rules 2025, leveraging years of experience with global data-privacy frameworks

IT is in the headlines but still ranks third in Indian services sector

The services sector's contribution to India's economy more than doubled over the last decade, with IT services GVA growing nearly fourfold despite current industry headwinds

Hexaware acquires CyberSolve for $66 mn to strengthen cybersecurity play

Hexaware Technologies will acquire US-based CyberSolve for $66 million to expand in identity access management and cybersecurity services amid a surge in AI-driven global cyber threats

Nasdaq-listed Cognizant lifts revenue guidance on strong client spending

Strong Q3 revenue growth and client investments in digital modernisation drive optimism

Kerala eyes $50 billion IT value by 2031 with new digital vision plan

The draft IT Vision 2031 aims to generate 5 lakh jobs, attract Rs 20,000 crore in startup investments, and make Kerala a global hub for ethical and sustainable technology

Nifty IT set for best month since July 2024; but is it out of the woods?

Analysts remain mixed on IT stocks' outlook, with some cautioning that the optimism around the technology pack could be short-lived

LTTS expects headcount drop in third quarter as more work gets automated

AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

Infosys Q2 results: Net profit jumps 13.2% to ₹7,364 cr, revenue up 8.6%

Infosys lifts base sales outlook as IT spending rises

Wipro Q2 net profit up 1%, revenue rises 1.7% on large deal wins

Wipro's Q2FY26 profit rose 1.15% to Rs 3,246 crore and revenue grew 1.7% to Rs 22,697 crore, supported by strong deal wins worth $2.9 billion and steady performance in BFSI

LTIMindtree revenue up 10.2% on strong BFSI, manufacturing business

LTIMindtree's Q2FY26 profit rose 10.4% to Rs 1,381 crore and revenue grew 10.2% to Rs 10,394 crore, driven by BFSI and manufacturing segments and strong large deal wins

Infosys hires 8,203 in Q2; on course to meet fresh hiring target

Infosys added 8,203 employees in Q2FY26, taking its headcount to 331,991; CFO Jayesh Sanghrajka says the firm is on track to meet its 15,000-20,000 fresher hiring target

TCS Q2 results: Net profit up 1.4% at ₹12,075 cr, revenue rises 2.4%

Revenue for the company grew 2.4 per cent in reported terms to Rs 65,799 crore for Q2 FY26. Sequentially, the firm's revenue was up 3.7 per cent

LTIMindtree wins its largest-ever deal; sources peg size at $580 million

The sixth largest software services exporter in India said the deal was with a leading global media and entertainment company, but did not disclose the name of the client

Capgemini appoints Sanjay Chalke as India CEO, Yardi to retire in 2026

Capgemini has appointed Sanjay Chalke as CEO of its India business effective January 1, 2026, while outgoing CEO Ashwin Yardi will assume the role of non-executive Chairman

H-1B fee hike a wake-up call for GCCs to move up the value chain

Experts say the US visa fee hike will push firms to expand global capability centres in India, but warn GCCs must move beyond delivery roles to create greater value

After Infosys, TCS, Wipro may follow with buyback amid stock rout: Analysts

Infosys will repurchase 100 million shares at an average price of ₹1,800 per share, a 19.3 per cent premium to its closing share price of ₹1,509.50 on Thursday