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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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 face commercial risk from Azure data breaches, experts say
Several major Indian IT companies including TCS, HCLTech, and Hexaware have downplayed data breaches disclosed this month, but cybersecurity experts say the commercial and reputational damage may outweigh the technical severity. Israeli…
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…
TCS seals €1.25 billion Porsche deal, acquires MHP IT unit
Tata Consultancy Services has signed a five-year strategic deal with Porsche AG worth €1.25 billion (Rs 14,000 crore) and will acquire Porsche's IT subsidiary MHP for €320 million. The deal brings over…
Govt to divest up to 6% in Hindustan Copper, to raise Rs 3,000 cr
The government on Monday announced the offloading of up to 6 per cent of Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), expected to fetch around Rs 3,000 crore. The…
TCS to buy Porsche’s IT consultancy MHP for Rs 3,574 crore
Tata Consultancy Services will acquire MHP, Porsche's management and IT consulting subsidiary, for over Rs 3,574 crore ($373.42 million), the company announced on Monday. MHP, based near Stuttgart, Germany, employs over 4,500…
TCS to buy Porsche IT arm MHP for Rs 3,200 crore
TCS will acquire Porsche's German IT consulting subsidiary MHP for an enterprise value of $373 million (Rs 3,200 crore). Alongside the purchase, Porsche has committed $1.45 billion (Rs 12,500 crore) over five…
