TECHNOLOGY SERVICES PROVIDERS

IT service providers are integrating Generative AI into large deals, indicating its advancement from PoC stage. Traditional IT budgets are being redirected towards AI and GenAI, with substantial revenue growth projected. Key players like Infosys, Wi...

Accenture acquired semiconductor firm Excelmax, adding 450 professionals and expanding into AI, automotive, and consumer devices. Following the XtremeEDA acquisition and $2.3 billion in investments in Q3 FY24, CEO Patil cited new innovation opportun...

After months of subdued hiring numbers, IT companies are in for good news. Overall, tech hiring has seen a slight improvement in Q1, as per staffing firms, in line with expectations of some green shoots in demand. IT firms seem to be favouring exper...

Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on p...

TCS did not disclose the financials of the partnership. This is the latest marathon to be added to TCS's portfolio. The TCS Sydney Marathon is part of the larger running events including four World Marathon Major races in New York, London, Chicago a...

India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing fi...

The company, in its draft papers filed on Friday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.

Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of ...

Data from the IT employee union NITES showed that India’s leading IT firms including Tata Consultancy Services (TCS), Infosys, Wipro and LTIMindtree have delayed joining dates of than 10,000 freshers. Harpreet Singh Saluja, president at NITES said t...

Reliance Industries has secured additional spectrum in the 1800 MHz band for Bihar and West Bengal in a recent spectrum auction. The acquisition aims to meet geography-specific demand and ensure a high-quality customer experience. The total cost of ...

Wipro launched Lab45 AI platform to enhance business functions and industry-specific solutions for customers and employees. The platform has shown productivity gains of up to 30% across industries, according to Subha Tatavarti, Wipro's chief technol...

European banking executives express concerns about banks' increasing dependence on big U.S. tech firms due to the boom in artificial intelligence, driven by the popularity of AI applications like OpenAI's ChatGPT for fraud detection and money-launde...

The large deal win comes just two months after its new CEO Srinivas Pallia took charge following the resignation of its former chief Thierry Delaporte just seven days into the new fiscal year 2025.

ACT Fibernet is among India’s largest wired internet service providers, operating in 25 cities and serving 2.2 million customers. With this investment, the company aims to strengthen its ability to provide the best home Wi-Fi experience for its cust...

Cloud Service Providers (CSPs), which furnish information technology infrastructure primarily for data storage and computing power via the Internet, have adjusted their strategies to accommodate AI-driven demand. These providers have also disclosed ...

As part of this agreement, HCLTech will also absorb around 1,500 employees and 700 contractors with experience of engineering services for telecom industry in countries including Spain, Italy, India, Japan, China, Americas and APAC region, HCLTech s...

KKR acquires a significant minority stake in Infinx Services, a leading healthcare revenue cycle solutions provider. With Norwest Venture Partners also participating, the investment aims to accelerate Infinx's growth in the US healthcare market, lev...

Shares of DXC Technology slumped 18% on Friday, after the IT services provider unveiled a new revamp and forecast fiscal 2025 revenue and profit below estimates.

​Integrated technology solutions provider Redington Ltd has reported a standalone net profit for the January-March 2024 quarter at Rs 160.57 crore, the company said. The city-based company had registered a standalone net profits of Rs 124.91 crore d...