Page 5 - It Services
TCS' brand value up 28% to $57.3 billion, says Kantar BrandZ report
TCS has jumped 28 per cent in brand value to $57.3 billion, securing the 45th rank globally in Kantar BrandZ 2025, aided by AI-led offerings and global sponsorships
 "TCS' brand value up 28% to $57.3 billion, says Kantar BrandZ report")
Cognizant says winning large and mega deals regularly helping growth
With 24 large deals won last year and four in Q1, Cognizant says its ecosystem for securing mega contracts is key to regaining a top-four global IT services ranking
 "Cognizant says winning large and mega deals regularly helping growth")
LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm
Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement
 "LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm")
Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure
In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform
 "Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure")
IT companies using AI, GenAI to reduce client costs as budgets squeeze
This marks a shift in how cost savings are achieved in traditional IT projects, popularly known as the run-side
 "IT companies using AI, GenAI to reduce client costs as budgets squeeze")
TCS sees sharp decline in share of Tata group's market capitalisation
TCS is expected to account for around 55 per cent of the combined net profit of 23 listed companies in FY25 down from its all-time high contribution of 106 per cent in FY20 and 64 per cent on FY23
 "TCS sees sharp decline in share of Tata group's market capitalisation")
Transition time: IT services sector to see new winners and losers
American retailers - such as Best Buy, Walmart, and Target - have indicated that higher prices are affecting their sales
IT companies' slice of Nifty 50 pie shrinks sharply to 17-year low
Sector's weighting in index has slipped to 10.2% from peak of 17.7%
 "IT companies' slice of Nifty 50 pie shrinks sharply to 17-year low")
Infosys announces acquisitions in consulting and cybersecurity space
Both the acquisitions are expected to close during the first quarter of financial year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions
 "Infosys announces acquisitions in consulting and cybersecurity space")
IT major Wipro eyes GCC service line in bid to catch up with peers
Wipro will help multinational companies set up their GCCs in India, operate and then transfer the entity back to the parent company - popularly known as the BOT model - after a few years
 "IT major Wipro eyes GCC service line in bid to catch up with peers")
Realigning global business lines to match clients' demands: Wipro
The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)
L&T targets 150 MW data centre capacity by 2027, to utilise land banks
At present, L&T has two operational data centres-Mumbai and Chennai-with a combined capacity of 32 MW
 "L&T targets 150 MW data centre capacity by 2027, to utilise land banks")
Indian IT services industry to see 4-6% revenue growth in FY26: Icra
IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe
 "Indian IT services industry to see 4-6% revenue growth in FY26: Icra")
Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions
The deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames
 "Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions")
Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%
According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency
 "Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%")
Hexaware Technologies IPO subscribed 2.7 times, driven by strong QIB demand
The company had allotted shares worth almost Rs 2,600 crore to anchor investors
 "Hexaware Technologies IPO subscribed 2.7 times, driven by strong QIB demand")
Tata Technologies IT services reinstated after ransomware attack
Tata Technologies assured stakeholders that client delivery services continued without disruption
 "Tata Technologies IT services reinstated after ransomware attack")
LTIMindtree appoints Venugopal Lambu as CEO with immediate effect
Lambu is a global executive leader with more than 30 years of experience in driving strategies and hyper-growth in the technology and services industry
 "LTIMindtree appoints Venugopal Lambu as CEO with immediate effect")
Wipro eyes best day in 4 yrs on echoing hopes of IT peers' demand revival
Wipro beat third-quarter profit estimates and forecast revenue in the current quarter could increase sequentially by up to 1 per cent, compared with no growth last quarter
Deep-tech focus critical for India to lead global digital innovation
The development of the IT services opportunity saw India emerge as the manpower capital of the world to service the Y2K problem at the dawn of the new century
 "Deep-tech focus critical for India to lead global digital innovation")