TCS shares rose about 1 percent on July 10, 2026, after Q1 FY27 net profit of Rs 13,349 crore beat estimates, with annualized AI revenue reaching $2.6 billion, up 13.6 percent sequentially, and total …
TCS reported a 4.6% rise in net profit to ₹13,349 crore for the April-June quarter, with revenue of ₹72,275 crore and an annualized AI revenue of $2.6 billion. The company declared an interim dividend…
HCLTech won a $1.14 billion AI-driven IT contract from Mercedes-Benz, replacing Infosys as the incumbent vendor. The deal, running from July 2026 to December 2031, shifts from headcount-based outsourc…
The combined weight of India's software exporters in the Nifty index fell below 7.6%, a record low, as generative AI tools threaten the traditional outsourcing model worth up to $300 billion. The Nift…
A new real-time tracker reveals AI-driven job displacement accelerating worldwide, with computer programmers, customer service reps, and data entry keyers most at risk. Young workers aged 22-25 face a…
The US Commerce Department forced Anthropic to suspend global access to its Fable 5 and Mythos 5 AI models, citing national security concerns, cutting off India—its second-largest market—and sparking …
Generative AI is eroding the labor-arbitrage model that has driven the outsourcing industry for decades, according to a Harvard Business Review analysis, by automating routine, rules-based tasks that …
Indian IT stocks fell sharply on Wednesday after a three-day rally, with TCS plunging 7% to Rs 2,280 and Infosys declining 4% to Rs 1,222, according to The Economic Times. The pullback followed a more…
Indian IT stocks have fallen up to 34% year-to-date in 2026, compared to the Nifty50's 9% drop, as enterprises shift spending toward AI infrastructure and away from traditional outsourcing. Analysts r…