Indian IT stocks have recovered most of their first-half losses, with the Nifty IT index halving its year-to-date decline from 32% on July 1 to roughly 17%, as investors treat the sector as a cheap he…
Zoho founder Sridhar Vembu said the IT industry, including Zoho, has largely stopped creating new jobs, with funds that would have gone to hiring now consumed by AI and data center costs due to rising…
India's Nifty IT index surged 16.7% in July 2026, its best monthly showing in years, as global investors rotated away from AI-heavy stocks, while the Philadelphia Semiconductor Index tumbled 21% over …
AI hiring in India's IT sector grew 16% year-on-year in June 2026, while overall IT recruitment declined 3%, according to Naukri's JobSpeak report. The trend reflects a strategic shift as companies pr…
Infosys trimmed its full-year revenue growth forecast from 3.5% to 3% after reporting $5.08 billion in Q1 FY27 revenue, signaling that enterprise clients are reallocating budgets from traditional outs…
Tata Consultancy Services (TCS) announced a multi-million, multi-year deal with ABB to transform ABB's global network operations using AI, scaling TCS's role from managing infrastructure to delivering…
Indian IT services firm LTM expects revenue from artificial intelligence to surpass its traditional services business, CEO Venu Lambu told Reuters on Monday, as the company disclosed AI-native revenue…
Tata Consultancy Services (TCS) plans to add 8,900 AI deployment engineers and pursue acquisitions to strengthen its position in the artificial intelligence market, signaling a strategic shift toward …
Tata Consultancy Services plans to build a team of up to 8,900 forward-deployed engineers and pursue AI acquisitions, betting that artificial intelligence will create new business rather than disrupt …
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…