The Company has disclosed that ‘weak’ private cryptographic keys linked to eight ‘intermediate certificates’ were compromised. As per the Company’s press release dated October 21, 2026, the private keys associated with the eight intermediate certificates were created on April 30, 2025. During the key generation process, a flaw produced a second set of weak keys, … Read more
Tata Consultancy Services (TCS), India’s largest software services firm, posted a 15% rise in net profit to ₹13,884 crore in the September quarter from a year ago while revenue rose 11.2% to ₹73,188 crore, largely in line with analyst estimates. The numbers were buoyed by growth returning in a small way, especially in the largest … Read more
Tata Group companies tripled in market value and profit rose more than fivefold in six years as the country’s biggest conglomerate funded India’s biggest private-sector bets in aviation, semiconductors, batteries and digital commerce – businesses that together still lose nearly Rs 30,000 crore annually. Group holding company Tata Sons reported a 22% increase in FY26 … Read more
For decades it seemed Indian IT could only grow. The Y2K bug turbocharged their initial expansion in the late 1990s, and though later waves of changing technologies brought down other companies (remember Nokia), the Indian IT sector surfed to success. With every new technology, they pivoted. From SMAC (social, mobile, analytics and cloud) to SaaS … Read more
The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities. They have added a layer of high-paying jobs at … Read more
HCL Technologies Ltd bagged a $1.14 billion, five-year contract from a European Fortune 50 company, ending a three-year mega-deal drought for the country’s third-largest tech services firm. The deal assures HCLTech $228 million in annual revenue, translating to about 1.6% growth in FY27. “HCLTech is pleased to announce the signing of a significant strategic partnership … Read more
Persistent Systems Ltd is looking to anchor its long-standing European ambitions and hit a $5 billion revenue target by March 2031 through its largest-ever acquisition, German digital engineering firm Nagarro. The deal is expected to propel the company up two spots to become India’s seventh-largest IT services firm, boasting a combined revenue of about $2.9 … Read more
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more