It Industry

India's IT industry to hit $315 billion in FY26 as AI revenues reach $10-12 billion: Nasscom

The projection implies a 6.1% growth rate for FY26, a marginal improvement over the estimated 5.9% expansion in FY25.

AI to drive India’s IT industry to $400 billion by 2030; surge in AI-led outsourcing opens door for startups: Bessemer

Bessemer Venture Partners’ new report says automation will compress traditional IT pricing but expand overall outsourcing demand, creating new opportunities for AI-first startups alongside India’s tech giants.

Nasscom says White House clarification to help 'alleviate concerns' even as IT stocks turn red

Nasscom said the fee hike is applicable from 2026, which will provide enough time for companies to boost their local hiring plans

Volvo Cars picks HCLTech as supplier for engineering services

Expanding on its existing partnership in digital and PLM (product lifecycle management) services, this agreement significantly increases HCLTech’s role to cover the delivery of end-to-end engineering solutions at scale.

LTTS: Poised for growth despite automobile sector slowdown

The company reaffirmed its medium-term outlook of $2 billion revenues with an EBIT margin of 17-18 percent

All-round beat from Accenture – will the IT rally in India gather more steam?

With pent-up demand for technology expected to make a gradual comeback, the demand momentum is likely to remain supportive for the sector

Wipro gets $500-mn contract from a leading US communication service provider

Wipro says it shall provide managed services for some products and industry specific solutions

Indian tech industry will add only 60,000 jobs in FY24 against 2.7 lakh in FY23: Nasscom

Nasscom said the industry over-hired during the COVID year, therefore the IT industry is seeing some level of correction, which is "expected" and "needed".

IT Minister Rajeev Chandrasekhar inaugurates Synopsys’ Chip Design Centre in Noida

The Indian engineers at Synopsys contribute to every aspect of the design cycle of semiconductor chips/IP Cores and participate in the success stories of all leading semiconductor companies.

Shrinking IT jobs reflect the sector’s refusal to take risks

Had IT firms embraced disruptive new technologies such as generative artificial intelligence (AI) and machine learning, they would still need fewer people. The difference though is that margins would have remained unaffected

A growth hurdle for Indian IT companies may sour middle class dreams

Securing a job with a software company is seen as a route to a better life, but it may be a difficult one as some IT companies may skip campus hiring altogether