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Tax treatment of buyback and announcements pertaining to safe harbour lift sentiment for IT
IT stocks continue to trade in red, amid weak market momentum and failure to absorb Union Budget 2026 measures as completely positive for the sector in near term.
Finance Minister Nirmala Sitharaman added that this measure will make India a global leader in services with a 10% global share by 2047.
Within the segment, GCC clients now account for roughly 72% of professional staffing headcount.
Indian IT majors say the next phase will be less about hype and more about fundamentals, clean data, clear accountability, and systems that can explain their decisions at scale.
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.
UST has been working with the Muthoot Pappachan Group since 2020, supporting its digital transformation across infrastructure, cloud, and security domains.
The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.
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.
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'
In a quarter where the larger business grew at a measured pace, AI clearly behaved like a different engine.
HCLTech has revised its revenue growth guidance raising its lower end projections as the company expects sustained growth momentum and strong deal pipeline.
The Noida-headquartered company reported a net reduction of 261 employees during the quarter, taking its total employee base to 2,26,379 at the end of Q3FY26.
Nevertheless, restructuring expenses fell sharply in Q3, declining by over 77% QoQ to Rs 253 crore, indicating a tapering of one-time costs linked to the company’s ongoing workforce realignment.
TCS announced around eight deals in the third quarter, the highest among Tier-1 IT companies. Analysts at ICICI Securities have pegged quarterly deal total contract value in the $7billion-$9 billion range
While 2025 was about proving what agentic AI could do, 2026 is expected to be defined by scale and measurable business outcomes
That unexpected message from the Income Tax Department can be unsettling, but it does not always mean trouble.
With seasonal headwinds clouding reported numbers, investors are likely to look past the quarter and focus on management commentary around CY26 budgets and AI monetisation timelines
The revenue mix from AI, cloud, and advanced digital services has risen sharply, from about 25% five years ago to nearly 60% today.
This shift is beginning to stabilise demand, but it is also forcing IT services firms to confront structural changes that will define growth beyond 2026.
For Indian IT companies such as TCS, Infosys, HCLTech, and Cognizant, analysts say a stronger recovery is likely to depend on an improvement in macro conditions rather than company-specific execution alone.
While AI has shortened RFP timelines, its biggest impact has been on the quality of responses rather than speed alone, the Cognizant’s chief AI officer tells Moneycontrol.
The crackdown on foreign students and tougher immigration policies have made the US less welcoming, prompting many to consider alternatives such as Canada and Europe, Hodjat tells Moneycontrol
AI is about optimising business processes at an enterprise level. Without process and data maturity, GCCs cannot transition to AI-led operations, Dinesh Jain, who leads GCC engagements at Genpact, tells Moneycontrol
