Sector: Services
Tata group profit jumps 5x in six years as market value triples amid big bets on Air India, semiconductors & digital
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
India’s IT model is out of date. Can the industry reinvent itself?
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
How are GCCs reshaping India’s employment and realty sectors? | Explained
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
HCLTech ends three-year mega-deal drought with $1.14 billion contract from European client
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 eyes $5 billion annual revenue by 2031 with mega Nagarro buyout
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 to cut 11% jobs as AI reshapes software sector
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
Infosys ropes in 7-time Grand Slam Champion Carlos Alcaraz as global brand ambassador
IT services company Infosys on Wednesday (April 15, 2026) announced it has signed up seven-time Grand Slam Champion Carlos Alcaraz as its global brand ambassador. Further, Infosys — leveraging Infosys Topaz, an AI-first offering powered by generative and agentic AI technologies — will now work with Alcaraz and his coaching team to develop an AI-powered … Read more
Infosys and Anthropic announce collaboration
There has been a lot of concern around Indian IT majors in recent days that AI would significantly impact their business. Now Infosys has announced a strategic collaboration with Anthropic, to develop and deliver advanced enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software development. Collaboration launches in telecommunications with dedicated Anthropic Center … Read more