Country's largest IT services company TCS has rolled out salary hikes in the range of 4.5-7 per cent for a majority of its employees, sources said on Tuesday.
'LIC's investment decisions are taken independently, following strict due diligence, risk assessment and fiduciary compliance.'
The family of a TCS employee arrested in connection with sexual harassment and conversion allegations at a Nashik unit claims he is a victim of internal professional rivalry and office politics. They allege a coordinated conspiracy driven by his academic and professional success.
IT services giant Cognizant is embarking on a significant AI-led restructuring programme, Project Leap, involving an investment of up to $320 million, which will lead to workforce reductions across geographies and a strategic shift towards AI capabilities to boost productivity and margins.
The Trump administration's proposed H-1B wage structure aims to increase pay for skilled overseas workers in the US by an average of $14,000, with Level I wages potentially rising to $97,746. This move, coupled with a weighted selection process favouring higher-skilled workers, is intended to curb abuse of visa programmes and ensure parity with American workers, but has already led to a sharp decline in H-1B applications, particularly from Indian IT companies.
ITC reported a 6.1 per cent year-on-year growth in its consolidated adjusted net profit from continuing operations, reaching ~5,469.74 crore in the January-March quarter (Q4FY26), primarily fuelled by strong performances in its cigarettes and non-cigarette fast-moving consumer goods (FMCG) businesses.
India's forex reserves dropped by $3.05 billion to $699.74 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by $4.85 billion to $702.78 billion.
India's forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by $2.29 billion to $698.95 billion.
The Athletics Integrity Unit (AIU) has enhanced its intelligence gathering tool to allow two-way communication with anonymous informers of doping and other ethical violations in athletics, while preserving their confidentiality.
Chief negotiators from India and the US are set to begin three-day talks in Washington to recalibrate the bilateral trade agreement (BTA) framework, following significant changes in the US tariff landscape, including a new 10 per cent tariff imposed on all countries.
Shares of Reliance Industries Limited (RIL) tumbled on Tuesday, posting its biggest single-day decline in 19 months, amid controversy over its purchase of Russian oil and profit-booking after recent gains.
The government has issued Letter of Intent to Starlink for satcom services, sources said on Wednesday. Starlink is a satellite internet service developed by SpaceX -- the American aerospace manufacturer and space transportation company founded in 2002 by world's richest man Elon Musk.
India's largest IT services company TCS on Thursday reported a 6 per cent rise in its June quarter net profit at Rs 12,760 crore. The Tata group company had posted a net profit of Rs 12,040 crore in the corresponding period last year.
Cybersecurity breaches have emerged as the top risk shaping organisational performance, with 61 per cent of respondents identifying it as the primary risk, said a Ficci and EY report.
Infosys on Tuesday announced a strategic collaboration with American artificial intelligence company Anthropic to develop and deploy advanced enterprise AI solutions for companies across telecommunications, financial services, manufacturing, and software development.
India and the United States are committed to finalising an interim trade agreement, despite recent challenges including the US imposing a blanket 10 per cent surcharge and India's decision to wait for a new global tariff architecture. The US Trade Representative's annual report highlights India's maintained high import tariffs and various non-tariff barriers across several sectors.
IT major HCLTech reported a 4.20 per cent year-on-year rise in consolidated net profit to Rs 4,488 crore for the January-March quarter of FY26, but projected a modest 1-4 per cent revenue growth for FY27, citing market volatility and reduced discretionary spending.
Cognizant's Chief AI Officer, Babak Hodjat, highlights India's unique position in AI enablement due to its strong technology foundation and large pool of digitally skilled people. He emphasises the continued importance of developers in the age of AI and Cognizant's focus on becoming an 'AI builder' company.
Prime Minister Narendra Modi has expressed deep concern over the escalating situation in West Asia, emphasising the need for dialogue and diplomacy to resolve disputes. India is closely monitoring developments to ensure the safety of its citizens in the region.
The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore. TPG will invest $1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.
Wipro, India's fourth-largest IT services company, has secured an eight-year deal with Singapore-based Olam group, valued at over $1 billion, and will also acquire Olam's IT and digital services arm, Mindsprint, for $375 million, marking one of its largest contracts to date.
IT major Wipro reported a consolidated net profit of Rs 3,501.8 crore for March quarter FY26, a 1.89 per cent decrease from the previous year, amidst a challenging macroeconomic environment. The company also announced a mega Rs 15,000 crore share repurchase programme.
India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 613,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter.
India's forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6, the RBI said on Friday. The overall reserves had dropped by $1.24 billion to $691.49 billion for the week ended May 30.
A key industry leader acknowledged the India IT services sector faces a "painful" transition due to AI, but emphasized the industry's resilience and ability to adapt through reinvention and focusing on complex enterprise technology.
A key industry leader acknowledged the India IT services sector faces a "painful" transition due to AI, but emphasized the industry's resilience and ability to adapt through reinvention and focusing on complex enterprise technology.
Adoption of Artificial Intelligence (AI) in India's 64 million Micro, Small and Medium Enterprises (MSMEs) alone could unlock over $500 billion in economic value, but the country must pivot from an "adopt-first" to an "invent-first" mindset to realise this potential, according to a new report.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
After recording negative growth for two consecutive months, India's merchandise exports to the US rose 22.61 per cent to $6.98 billion in November despite steep 50 per cent tariffs on domestic goods, according to commerce ministry data. Imports during the month grew 38.29 per cent to $5.25 billion, the data showed.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
Oracle Corporation has reportedly laid off thousands of employees globally, including a significant number in India, with affected individuals receiving early morning termination emails and immediate laptop lockouts, despite the company posting record quarterly revenues of $17.2 billion.
Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
India's forex reserves jumped by $6.99 billion to $692.72 billion during the week ended May 23, the RBI said on Friday.
Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.
Cigarette-to-soap conglomerate ITC on Thursday reported a consolidated net profit (attributable to owners) of Rs 4,931.19 crore for the third quarter (October-December/Q3) of 2025-26 (FY26), affected by a one-time provision related to the new labour codes and a base effect from an exceptional item in Q3 of 2024-25. In the year-ago period, net profit had stood at Rs 4,934.8 crore.
Tata Consultancy Services' (TCS) annual dividend payout declined to a four-year low of approximately 39,820 crore in FY26, marking its steepest decline in a decade and potentially adversely affecting Tata Sons' finances, which heavily rely on TCS's dividend income.
The World Anti-Doping Agency (WADA) is shifting its focus from individual athletes to the criminal networks that supply performance-enhancing drugs (PEDs), recognising that athletes are often victims of sophisticated doping operations.
Indian officials will visit the US to finalise the legal text for an interim trade agreement, expected to be signed in March, focusing on duty concessions and reciprocal tariffs.
Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade.
