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.
BUSINESS
Indian CEOs are doubling down on AI investments; earmarking 1.7% of revenue for AI in 2026: BCG report
Workforce readiness still remains a concern. Just 36 per cent of India’s workforce is skilled in AI, versus a 44 per cent global average, the report showed.
BUSINESS
New labour codes cost TCS, Infosys, HCLTech over Rs 4,000 crore in Q3
The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.
BUSINESS
Infosys added 5,043 employees in Q3, headcount grows to 337,034
Infosys has hired around 18,000 freshers and is on track to onboard 20,000 in FY26, CFO Jayesh Sanghrajka has said
BUSINESS
TCS voluntary exits outside restructuring tops 22,000 in 2 quarters on slower pace of hiring
These exits include voluntary churn, routine attrition and other non-restructuring reasons, apart from the 7,800 employees TCS says it 'released' as part of its ongoing workforce review
BUSINESS
TCS CEO K Krithivasan betting on strong FY26 deal wins to fuel growth in FY27
TCS Q3 results: In the December quarter, the company reported $9.3 billion in deal total contract value
TECHNOLOGY
Discretionary spending is emerging in new pockets; HCLTech CEO sees ‘little value’ in waiting for anticipated demand
HCLTech has revised its revenue growth guidance raising its lower end projections as the company expects sustained growth momentum and strong deal pipeline.
BUSINESS
HCLTech hikes fresher salaries; offers up to Rs 22 lakhs per annum for ‘elite’ engineers
The Noida-headquartered IT major is looking for specialised talent in data and AI, digital engineering practice, cybersecurity practice, enterprise skills.
BUSINESS
TCS Q3 order book stands at $9.3 billion amid muted growth in North America and UK
TCS announced around eight deals during the quarter, the highest among Tier-I IT players, despite being a seasonally weak quarter amid holidays in the US and furloughs.
