It-software Sector

400 Wipro trainees face over 5-yr wait for full-time roles after hiring

Wipro has reportedly delayed permanent onboarding for at least 400 WILP trainees, some of whom may now spend more than five years in the programme before becoming full-time staff

India's software services exports rise 8.2% to $221.4 bn in FY26: RBI data

India's software services exports rose 8.2 per cent in 2025-26, led by computer services, while the US remained the top destination with a 54.1 per cent share of exports

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Software stocks in India are set to beat global chipmakers by record

The divergence suggests investors are growing weary of the AI-driven rally in chip stocks, while renewing interest in India's IT services firms after a years-long slump

AI hiring slowdown may hit Indian engineering freshers: Anthropic report

Anthropic's AI labour market report shows declining hiring of young workers in AI-exposed roles. Experts warn the trend could pressure India's engineering graduates

Black Swan's Nassim Taleb warns on software bankruptcies, more volatility

While AI will generate enormous profits, he cautioned that history suggests early pioneers are often displaced

Explained: How Anthropic's Claude plug-ins rattled Indian IT stocks

New plug-ins let Claude automate legal, sales and analytics tasks, raising fears of AI-led disruption to traditional software and IT services

India will be the factory of the future, says Dassault Systemes CEO

Pascal Daloz says India's innovation, digital capabilities, and engineering talent will make it central to the global AI-driven industrial transformation

Automobiles to pharma & healthcare: India Inc earnings stay in slow lane

Corporate profits remained weak in Q1FY26, amid single-digit growth in revenues for the ninth consecutive quarter

You should write code till late in life: Wayfair India's Rohit Kaila

Rohit Kaila talks about the centre's journey, how the lifecycle of a software developer is changing, and why an engineer must not stop coding

Evolve or perish: Agentic AI set to disrupt software testing roles

The Indian IT sector currently has over 375,000 active professionals in testing and QA/QC functions across experience levels, according to data sourced from specialist staffing firm Xpheno

BSA CEO Espinel seeks rationalisation of software localisation norms

To bid for government projects in India, the government mandates that a certain percentage of the product, including software solutions, be made domestically

ServiceNow sees India as its biggest mkt in Asia-Pacific: Amit Zavery

ServiceNow is betting big on agentic AI as the next area of growth as it makes that technology a core part of its platform, which improves efficiency, predictability, and real-time decision support

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Birlasoft share tanks 6%, hits 52-week low as analysts cut targets post Q3

On the bourses, Birlasoft share price plunged 6.39 per cent to hit a fresh 52-week low of Rs 472.40 per share on Wednesday, February 12, 2025

Best of BS Opinion: How much change and continuity can we expect this year?

The best of Business Standard's opinion pieces for today, curated for you

Software services export grows to $205.2 bn in FY24, US major destination

India's total exports of software services, including services delivered by foreign affiliates of Indian companies, increased to USD 205.2 billion during 2023-24 from USD 200.6 billion in the previous fiscal, according to a Reserve Bank survey. India's exports of software services (excluding their sales through overseas commercial presence) increased by 2.8 per cent during 2023-24 to USD 190.7 billion, according to the data related to the 2023-24 round of RBI annual survey on computer software and information technology enabled-services (ITES) exports. The US was the major software export destination with a 54 per cent share, followed by Europe (31 per cent share), where the United Kingdom was a major destination country, according to the data. In the survey, 7,226 software export companies were contacted, of which 2,266 firms, including most of the large companies, responded. The participating companies together accounted for nearly 89 per cent of total software services ...

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Indian SaaS sector likely to reach a market size of $50 billion by 2030

Amongst the surveyed organisations, 99 per cent of firms in India said that they plan to increase their cyber budgets, with half of them anticipating a 6-15 per cent rise

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives