BUSINESS
India accounts for 15-17% of the global IT consulting and services market: BCG
The report argues that India needs to expand beyond IT services, into other growing segments such as hyperscalers, semiconductors, deeptech – for the next decade of its tech market.
BUSINESS
Large enterprises are doubling down on tech spend, about 20% of budget earmarked for AI: McKinsey’s Noshir Kaka
Customers are coming for vendor consolidation and while bundling their work and spend, they are also expecting 20-40% productivity gains, Kaka tells Moneycontrol
BUSINESS
Over-pivoting on building everything locally puts India at a disadvantaged position: Zscaler’s Jay Chaudhry
He argued for a combination of locally built technology combined with external software stack especially in critical and sophisticated areas like cybersecurity
BUSINESS
TCS raises quarterly variable pay out to 80% for mid and senior-level employees in Q3
This is a big shift coming after nearly two years of quarterly variable allowance being slashed to 20-50 percent for the mid and senior-level employees
BUSINESS
India rolls out three sovereign AI models Sarvam AI, Gnani.ai, BharatGen to take on Big Tech
This is a first major phase of the government’s clear push to have India-first, sovereign AI models
BUSINESS
AI Summit: Microsoft India continues to hire for demand-driven skills, says Puneet Chandok
In 2025, the tech giant cut its work force in India and globally by around 15,000.
BUSINESS
Neysa to triple revenue by FY27; expect strong demand from AI firms, SaaS startups: Co-founder Sharad Sanghi
Sanghi is in talks with coding companies and US-headquartered AI giants, including Perplexity, OpenAI and Anthropic, as they expand their footprint in India with research and development and AI solutions
BUSINESS
Unpacking Indian IT's Brahmastra to counter AI: What various companies have done
The AI transition has been in the works for at least over a year for most of these Tier-1 IT majors, and this reflected in the steadfast belief Indian investors held in the past couple of weeks even as the US-driven AI panic led to stock rout.
BUSINESS
Less a collapse, more a transition: IT sector long term outlook remains stable amid stocks rout
Growth metrics like revenue per employee and margin per employee will now increasingly depend on how effectively firms embed AI into delivery.
BUSINESS
Indian GCCs cut over 6,000 jobs in 2025 as parent companies face macro pressure
This comes in a year when India also saw record numbers of new GCCs being set up in the country and net new jobs growing significantly to 135,000-150,000.
BUSINESS
Oracle optimistic about India-US trade deal, to launch 3 multi-cloud data centres by April: India head Shailender Kumar
Oracle is set to offer its multi-cloud services with three new data centres in India by April, two with AWS and one Google Cloud, Kumar told Moneycontrol in an interview.
BUSINESS
Oracle India’s multi-cloud push: Launched services with Azure, Google Cloud data centres in 2025; more in pipeline
“We are seeing a hockey stick growth. In the last two years, cloud business has doubled and the momentum continues in India…we are going to launch more data centres in this calendar year,” said Kapil Makhija, VP, Technology Cloud, Oracle India.
BUSINESS
LinkedIn’s India user base grows 20% YoY to 167 million
LinkedIn is betting big on its AI skilling, assisting tools and solutions, to drive sales through its B2B talent solutions business. India remains one of its core markets for AI adoption and revenue generation.
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.
