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Soota currently holds over 32% in the IT services firm directly and more than 40% through other promoter holdings. Soota’s stake in Happiest Minds Technologies is valued at approximately Rs 1,980 crore at current market prices.
India’s AI ambition hits a hard constraint: capital, compute and the cost of catching up
The Aadhaar architect argued that the focus should be on building AI use cases that benefit millions of people, particularly in areas that improve livelihoods and strengthen public services
Intelligence is created when applications are embedded into real workflows and operate at scale rather than through models or tokens in isolation, Nvidia's managing director for South Asia Vishal Dhupar has said
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.
The survey shows that 53.2% of respondents expect significant disruption from AI in terms of ROI, use case adoption, and skills, while 46.8% anticipate moderate disruption.
The facility is expected to be ready by 2027, and will serve as a strategic delivery hub for clients across Brazil and the wider Latin American region.
UST has been working with the Muthoot Pappachan Group since 2020, supporting its digital transformation across infrastructure, cloud, and security domains.
“This could lead to more EU investment in India's IT ecosystem, joint ventures, R&D in AI, semiconductors, clean tech, and startups,” the technology industry body said.
The industry has also flagged transfer pricing as a persistent challenge for GCCs as they move into higher-value and IP-linked work.
IT firm DXC Technology to move campus to Prestige Lakeshore Drive in Bellandur on the Outer Ring Road
The company plans to expand its team in Hyderabad this year, focusing on roles such as software engineers with AI skills, machine learning specialists and research scientists
Customers are diverting their limited technology budgets to deploy more capital for transformations that will enhance revenue, CEO Sandeep Kalra tells Moneycontrol
Rakesh said customers are no longer satisfied with vendors merely optimising the cost of people. Instead, they are pushing for vendors to reduce the effort required to deliver outcomes, especially in “run” operations.
This is HCLTech’s fourth acquisition in in less than three months. Previously, HCLTech acquired HPE’s Telco Solutions business for $160 million, AI startup Wobby for $5.2 million and Jaspersoft for $240 million.
The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.
Coforge also reiterated that it has decided not to go ahead with a QIP to retire Encora’s debt, saying it has secured financing from a consortium of banks at a “middle single digit” interest rate.
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.
Accenture’s cybersecurity business is worth about $10 billion, with around 30,000 security professionals worldwide. Of these, 13,000 are based in India
The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents.
The company said its overall workforce is about 4,200 employees globally.
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.”
Cognizant CFO Jatin Dalal also weighed in on the intertwining of the operations and tech shift, saying it is forcing companies to rethink how services are priced in the AI era
Premji said AI will create wider opportunities for technology services firms, from advisory work to implementation and delivery at scale.
Talking about job and revenue deflation concerns stemming from AI, Premji tells Moneycontrol that the transition does not necessarily mean less revenue or fewer people, 'it just means a redistribution of what you’re doing'
