It Rules

Karnataka sets up 'Responsible AI' committee headed by Infy co-founder Kris Gopalakrishnan

The panel will draft a AI policy and roadmap for safe, ethical and transparent adoption of artificial intelligence across government systems. It will submit an interim report within 60 days and final recommendations within 90 days

Karnataka to hire consultant to attract GCCs amid competition from neighbouring states

Karnataka will soon identify a strategic consultant to spot gaps, pitch to global companies, and build an investment pipeline for Global Capability Centres, IT/ITeS firms and data centres.

Onboarding delays at Tech Mahindra; over 1,000 freshers await offer letters

"Across the industry, anticipated demand for fresh graduates has been lower than projected, resulting in a slower pace of onboarding...We remain committed to honoring our campus hiring commitments," a Tech Mahindra spokesperson said.

Nuvama is bullish on all top-ten IT services stocks, sees up to 84% upside: Here's why

Nuvama said that the sharp correction in IT stocks over the past two months has made valuations attractive.

'He got Rs 32 LPA offer': Developer seeks Rs 8 lakh raise after accepting Rs 28 LPA offer two days before joining

An employer expressed frustration after a backend developer tried renegotiating a Rs 28 lakh contract and refused weekend work, sparking debate on IT hiring practices.

Mid-cap IT firms corner 58% of 2025 incremental revenue as enterprises widen vendor pool for large deals

Industry experts say the shift reflects a structural change in the outsourcing landscape, where large deals are no longer the exclusive territory of tier-one IT service providers.

AI may dent IT services sentiment but could lift productivity in broader economy: Kotak Institutional Equities

Overall, IT services, BPO and GCCs together employ around 6 million people in India, according to estimates cited by Kotak

To strengthen startup ecosystem, Karnataka budget proposes incubation centres in tier-2 tech hubs

The government has increasingly been pushing the development of technology ecosystems in cities such as Mysuru, Mangaluru, Hubballi-Dharwad and other emerging hubs in its beyond Bengaluru push

Nifty IT rebounds, leads sectoral gains on value buying after sharp sell-off; TCS, Infy among top Nifty gainers

Several frontline IT stocks featured among the top gainers on the Nifty today. HCLTech and Tech Mahindra shares rose about 1.9 percent each. TCS stock gained 1.5 percent, Wipro added 1.3 percent, and Infosys advanced around 1.2 percent in the morning trade.

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

FIIs’ combined investment in IT stocks declined to about Rs 4.18 lakh crore at the end of February, the lowest level in four years. This represents a 21.8 percent drop from Rs 5.34 lakh crore at the end of January 2026, according to NSDL data.

IT index falls 1.1%, HCLTech, Coforge lead the losses; Kotak slashes target prices of these seven IT stocks

Also, stronger rupee is seen as a headwind for export-focused IT services firms

ECI to meet social media firms on poll misinformation, deepfakes ahead of state polls

The talks will focus on tackling AI-generated content, misinformation and improving coordination with platforms during upcoming assembly elections

For IT companies, doomsday predictions are yet to reflect in FY27 revenue estimates

As of now, consensus analyst estimates project a slightly better revenue growth for several large IT services companies in FY27

Bengaluru IT startup lays off 40% staff in a day, netizens say: ‘Absurd salaries are real reason’

A viral post claimed that a Bengaluru based IT startup laid off 40 percent of its workforce in a single day, affecting even high earning employees. The incident sparked widespread discussion online about growing uncertainty in India’s tech job market.

Amid Iran war, Infosys, HCLTech staff safe as executives face travel disruption; TCS suspends Middle East travel

Employees of the IT firms travelling through the Middle East en route to the Mobile World Congress have been affected by flight disruptions.

Raghuram Rajan says AI to disrupt India’s services sector, not derail

A recent note by Citrini Research warned that Indian IT firms could see pressure on revenues, triggering a selloff in their stocks earlier this week

IT CEOs push back against AI disruption fears, warn of tough transition phase

The IT sector expects an AI-driven investment surge from enterprises, prompting companies to revamp their positioning and business models to capture rising demand.

MB Patil flags AI-led uncertainty in Karnataka’s IT sector; asks officials to fast-track industrial approvals

Under single window system, 115 services across 20 departments have already been integrated. The remaining 28 services have been prioritised for time-bound implementation.

IT Rules: MeitY stands firm on 3-hour takedown rule in meeting with Big Tech

Officials signal no rollback of the newly notified IT Rules, but offer technical discussions on implementation as platforms flag operational challenges.

AI rollout far more complex than it appears, says Wipro COO Sanjeev Jain

Jain told Moneycontrol that enterprise AI requires integration across client and internal systems along with responsible-AI layers, even as automation improves productivity in select functions.

AI-led IT sell-off – Time to avoid or double down?

As AI upends the labour-arbitrage model, Indian IT faces its toughest reinvention yet

IT stocks extend rebound for second day; Infosys, TCS, HCL Tech gain 2-4% as sector stabilises after sell-off

The second straight day of gains follows a bruising sell-off earlier in the week, when IT stocks came under heavy pressure amid fears that rapid advances in artificial intelligence (AI) could structurally alter the traditional IT services business model.