Nifty IT jumps 5% as AI-slowdown buzz draws buyers back
The Nifty IT index surged over 5% on Tuesday, with stocks such as Mphasis, HCL Technologies and Tech Mahindra gaining up to 7%. Experts cited by Livemint attributed the rally to growing…
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AI slowdown calls lift Indian IT ADRs, Infosys up 6 percent
Infosys and Wipro American depositary receipts surged up to 6 percent in US trade on Monday, even as Wall Street technology stocks sold off after leading AI developers called for a slower…
Indian IT firms acquire captives to boost revenue
Indian IT companies are increasingly buying the technology units of global clients to anchor larger, long-term partnerships, reviving an old debate on whether these deals add genuine capabilities or just capacity. The…
IT firms spend $1.1 bn on US STEM as H-1B fees rise
Indian IT firms have invested over $1.1 billion in US STEM education and partnerships with more than 130 universities, impacting 2.9 million students, industry body Nasscom said. The spending comes as the…
Mid-cap IT firms outpace large rivals in bank revenue growth
India's mid-sized IT firms are growing revenue from banks and financial services faster than larger rivals, according to a Mint analysis. From FY20 to FY26, revenue from BFSI clients grew at a…
Indian IT firms less exposed to new US visa fee hike
Indian technology companies may be less affected by the Trump administration's latest H-1B visa fee proposal, as they have significantly reduced dependence on the programme over the past five years, according to…
Infosys co-founder says India set to become default global R&D destination
India is on track to become the default global destination for R&D services and advanced technology solutions, Kris Gopalakrishnan, co-founder of Infosys, said on Tuesday at PSG College of Technology in Coimbatore.…
Infosys pays 70% bonus for Q1, staff await salary hike details
Infosys has awarded eligible employees an average performance bonus of 70% for the April-June quarter, similar to the previous quarter but about 10 percentage points lower than a year ago. Payouts ranged…
Indian IT revenue per employee rises, AI role debated
Indian IT's Big Five, TCS, Infosys, HCLTech, Wipro and Tech Mahindra, collectively generated $25.6 billion in revenue in the April-June quarter, with all reporting higher dollar revenue per employee than a year…
Indian benchmarks slip as banks drag, metals and IT gain
Benchmark indices Sensex and Nifty ended lower on Monday, reversing early gains as banking stocks weighed on the frontline indices. The Nifty 50 fell 32.95 points, or 0.14%, to close at 24,219.05,…
