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.
TCS, which pioneered the strategy of providing tech expertise to Western banks, airlines and other corporations, has been under pressure in recent years from rising competition
The technology industry body has advised its member companies to enable work-from-home arrangements for all employees in the region.
Middle East & North Africa is a strategic region for most IT services companies, currently accounting for 1-2% of total revenue but remains critical for the industry to diversify beyond North America.
TCS’ Middle East country leadership and human resource team is coordinating with employees across locations, and has started a call tree service to contact stranded employees on priority.
As AI upends the labour-arbitrage model, Indian IT faces its toughest reinvention yet
The comments come as investor concerns about AI disrupting the Indian IT sector's traditional, labour-heavy operating model have wiped off about $68.6 billion market value in February
Betting on SaaS momentum and enterprise AI spending, CLSA has reaffirmed its ‘Outperform’ call on TCS with a target price of Rs 2,686
TCS is not just encouraging but insisting that all employees become 'AI-fuelled', says K Krithivasan
This is a big shift coming after nearly two years of quarterly variable allowance being slashed to 20-50 percent for the mid and senior-level employees
TCS’ HyperVault unit and OpenAI have agreed to a multi-year partnership to develop AI infrastructure in India. In the initial phase, TCS will develop AI infrastructure with 100MW capacity, with an option to scale to 1 GW.
FIIs’ combined investment in IT stocks declined to Rs 4.49 lakh crore as of February 15, the lowest level in four years. This compares with Rs 5.34 lakh crore at the end of January 2026.
Under the collaboration, TCS — through its subsidiary HyperVault AI Data Center Limited (HyperVault) — and AMD will co-develop the architecture that will be purpose-built to support 'sovereign AI factories' aligned with India’s national AI initiatives.
The AI transition has been in the works for at least over a year for most of these Tier-1 IT majors, and this reflected in the steadfast belief Indian investors held in the past couple of weeks even as the US-driven AI panic led to stock rout.
At close, SBI’s market capitalisation stood at Rs 10.9 lakh crore, higher than the Rs 10.53 lakh crore market cap reported by Tata Consultancy Services (TCS).
Budget 2026 brings relief for travellers as lower TCS reduces upfront costs on international tour packages, making overseas travel more affordable.
Tax treatment of buyback and announcements pertaining to safe harbour lift sentiment for IT
The Prime Minister emphasised the need to embrace new technology in all spheres and use it to contribute to national growth
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.
IT majors such as TCS, Infosys and HCLTech have said new 'wage definition' in the labour codes has squeezed profits and led to an exceptional charge of over Rs 4,300 crore
The list of Indian brands in the world’s top 25 IT Services ranking increased from seven to eight, highlighting the sector’s depth, with leaders such as TCS and Infosys combining sustained revenue growth with advanced capabilities in AI, cloud, and cybersecurity.
When compared to 9MFY25, the top five IT services majors’ hiring plunged more than 105 per cent in 9MFY26.
The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.
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