It Services News

Ashok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research and healthcare ventures

The macro environment, AI and geopolitical overhangs are likely to weigh on discretionary spends, decision cycles, and demand commentary for exports-led IT services firms leading to a soft Q1 FY27 showing, Motilal Oswal Financial Services said adding it expect

Nomura expects subdued near-term growth for Indian IT companies as macro uncertainty and weak tech spending weigh on demand ahead of Q1 earnings. However, it sees long-term opportunities emerging from AI-driven changes, with IT firms potentially expanding thei

Artificial intelligence (AI) is estimated to create an addressable market of $700 billion to $1.2 trillion by 2030 for AI-related services, but IT services firms are likely to capture only $260-440 billion of this, according to a study.While potential for mult

In July, mutual funds increased their allocation to the IT sector to 6.6 per cent, marking a positive shift after an extended period of minimal investment from fund managers. Analysts believe this surge is mainly driven by valuation factors, highlighting a cau

Starbucks Corp. is brewing a tempest in a chai latte cup.The coffee chain is tapping artificial intelligence to develop in-house alternatives to systems by Microsoft and IBM that track inventory and manage equipment, Bloomberg News reported last week, after re

With the two big growth drivers returning to steady growth, the AI-led revenue deflation is behind the firm, LTM chief executive Venugopal Lambu told ET. Financial services and technology, the segments that together account for 57% of LTM s revenue, each regis

TCS is expected to post modest Q1FY27 profit growth with flat sequential revenue as weak client spending, wage hikes and AI-driven pricing pressure weigh on performance. Investors will closely track management commentary on demand recovery, BFSI growth, deal w

Four of India's six largest IT services companies widened the gap between chief executive officer (CEO) pay and median employee remuneration in FY26, even as the broader workforce saw muted salary growth amid an industry slowdown.Annual report disclosures of T