BUSINESS
Fractal Analytics awaits GPU allocation under IndiaAI Mission; foundation model launch pushed to Aug: CEO
Trump’s ‘Buy American’ push in India-US trade deal is a wakeup call for homegrown AI firms, Velamakanni told Moneycontrol in an interview.
BUSINESS
Why Fractal Analytics trimmed its IPO size by 42%, CEO Srikanth Velamakanni responds
Fractal has fixed a price band of Rs 857 to Rs 900 per share, reducing the top band of its share price by 18 percent.
BUSINESS
Indian IT selloff reflects AI-led repricing fears, not demand collapse, say analysts
Market participants pointed to renewed concerns after Palantir’s latest earnings commentary highlighted how AI-led platforms are compressing timelines for complex enterprise work, worrying expectations around traditional IT services-led revenue models.
BUSINESS
Indian crypto exchanges see over 30% surge in bargain hunting as geopolitical tensions drag Bitcoin lower
Although Bitcoin prices inched up slightly to breach the $78,000 level on February 3, crypto exchanges expect possible volatility and further downside.
BUSINESS
US-India trade deal eases outsourcing curb fears for Indian IT, GCCs
The easing of trade-related anxiety is expected to directly benefit GCCs, as US enterprises that had adopted a wait-and-watch stance on expanding or setting up centres in India amid trade friction begin to move forward with their plans.
BUSINESS
US trade deal strengthens India’s position as a strategic technology partner, not just a low-cost delivery hub: Experts
According to Phil Fersht, CEO, HFS Research, this tariff cut will bring a strategic alignment, as a softer US-India trade posture reduces geopolitical friction at a time when enterprises are already reassessing supply chains, vendor concentration, and long-term delivery models.
BUSINESS
Budget 2026 signals India doubling down on its position as global tech services leader, IT industry says
As per the new budget, the government has proposed increasing threshold of safe harbour margins for Indian information technology services sector from Rs 300 crores to Rs 2000 crores.
BUSINESS
Budget 2026: New penalties imposed on crypto sector for non-disclosure, misreporting of assets
A fine of Rs 200 per day was introduced under Income-tax Act, 2025 for not disclosing income statement for virtual digital assets (VDA). Additionally, penalty of Rs 50,000 will be levied for furnishing inaccurate information.
BUSINESS
Over 72% of Indian crypto trading volumes went to offshore exchanges in FY25: KoinX report
The 1 percent TDS levied on transactions accounted for only about 0.60 percent of the overall turnover on domestic exchanges
BUSINESS
Budget 2026-27: Four years on, crypto industry continues to push for tax rationalisation, loss set-off
Crypto sector is seeking the raising of TDS deduction threshold to Rs 5 lakh per year. The 1% TDS on every transaction has reduced onshore liquidity and shifted a significant share of trading to offshore platforms outside effective Indian regulatory oversight,say experts.
BUSINESS
India-EU FTA to dismantle demand and talent hurdles, give boost to ER&D for Indian IT
Touted as the “mother of all deals”, the FTA is being assessed by the $283-billion IT, tech, and services industry as a medium-term structural positive rather than an immediate demand trigger.
BUSINESS
Persistent Systems sets sights on Europe acquisitions in push towards $5 billion revenue by FY31
Customers are diverting their limited technology budgets to deploy more capital for transformations that will enhance revenue, CEO Sandeep Kalra tells Moneycontrol
BUSINESS
Budget 2026: IT/BPM wants clarity on labour codes, bigger push on AI, skilling
The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.
BUSINESS
Davos 2026: ‘India is a phenomenal market’, SAP’s Thomas Saueressig plans more campuses in the country
Amid the ongoing uncertainties surrounding US trade tariffs and the geopolitical tensions, business leaders will have to continue cutting through the hype of AI and seek real value that “needs to manifest in the P&L”, said Saueressig.
BUSINESS
Davos 2026: Tech Mahindra went from bottom tier to fast growth IT Co, doubled margins in less than two years, says CEO Mohit Joshi
Joshi said unlike last year, clients have evolved from AI experimentation to now understanding the need for data readiness and clean data for AI. This will bring IT services industry “back in the limelight.”
ARTIFICIAL-INTELLIGENCE
Davos 2026: Europe invests significantly less in AI than others, needs to step up, says McKinsey’s Kim Baroudy
Baroudy highlighted that despite being stringent with its regulations and frameworks, Europe’s regulated industries have been much more ambitious on AI and technology as compared to other countries.
BUSINESS
Private equity piles into AI-led digital engineering, pushing average tech M&A deals past $200 million: Avendus
Global digital engineering services are set to grow at a 22% CAGR and expected to cross $550 billion by 2030 with the AI layer alone adding around $275 billion, says Avendus report
BUSINESS
LTIMindtree to close FY26 with 8,000 freshers onboard; CEO Venu Lambu says ‘future of IT hiring is skill-based’
LTIMindtree plans to run a structured programme to attract talent from premium colleges while also paying them higher than regular freshers, the CEO told Moneycontrol in an interview
BUSINESS
Davos 2026: Clients have learnt to operate amid geopolitical uncertainty; it’s the new normal: HCLTech’s C Vijayakumar
“If you don't re-imagine the business, I don't think IT will be the big engine of jobs in India," Vijayakumar told Moneycontrol at World Economic Forum in Davos.
BUSINESS
India’s top IT firms face muted hiring in 9MFY26; net headcount down about 613
When compared to 9MFY25, the top five IT services majors’ hiring plunged more than 105 per cent in 9MFY26.
BUSINESS
AI shines in a dull quarter for Indian IT giants
In a quarter where the larger business grew at a measured pace, AI clearly behaved like a different engine.
BUSINESS
Tech Mahindra reports $1.1 billion in Q3 order book; highest quarterly wins in 5 years
We expect to grow higher than the peer average by the end of FY27, while progressing towards the 15 per cent EBIT margin target, said Tech Mahindra CEO Mohit Joshi
BUSINESS
Tech Mahindra’s Q3 net profit takes Rs 272-crore hit from new labour codes
This takes the overall costs of implementing new labour codes to over Rs 4,947.8 crores for the country’s top five IT services majors
BUSINESS
Tech Mahindra loses 3,098 employees in Q3; IT headcount plunges 2,334
The company’s last twelve-month (LTM) attrition has dropped to 12.3 percent, from 12.8 percent in the previous quarter.
