Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to "hold"; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to "underperform", citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.
The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
The India-US trade deal has offered a much-needed breather for the Indian information technology (IT) industry, which has been grappling with global macroeconomic uncertainty and subdued client spending over the past few years.
IT stocks dropped in morning trade on Monday, with Tech Mahindra tumbling over 6 per cent, amid concerns over the steep hike in US H-1B visa fees. Shares of Tech Mahindra tumbled 6.45 per cent, LTI Mindtree slumped 5.61 per cent, Persistent Systems dropped 5.51 per cent, Hexaware Technologies tanked 5.14 per cent and HCL Tech fell by 4.24 per cent on the BSE.
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...compared with 153,000 in all of 2024.
Hexaware Technologies Ltd signed an alliance with Temenos, a banking products and software systems firm.
Hexaware Technologies Ltd decided to 11,871 shares of Rs 10 each under and employee stock option sceme.
The Chennai-based Hexaware Technologies has received a multi-million dollar contract from a US-based customer to provide human resource solutions.
'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
Indian IT services provider Hexaware Technologies' stock on Monday closed at a four-year low on the Bombay Stock Exchange (BSE) after the company announced that it was conducting an "internal investigation" into "certain actively-concealed and potentially-fraudulent foreign exchange transactions conducted by a Hexaware official."
US-based corporate software maker PeopleSoft will invest $30-40 million in a services centre in Bangalore to be set up and managed by India's Hexaware Technologies, the Bombay Stock Exchange said
Hexaware Technologies, a Chennai-based software company listed on Indian and London stock exchanges, has bagged a contract from German company Lufthansa Systems for providing maintenance services over a period of three years.
Citigroup Global Markets (M) Ltd has acquired 5.67 per cent stake in the Nishar group's Hexaware Technologies Ltd.\n\n\n\n
Hexaware Technologies Ltd announced on Wednesday a new location for its asset management and capital markets practice at Manhattan, New York.
IT firm Hexaware Technologies has opened its second development centre in Saltillo, Mexico, and plans to hire about 1,000 employees from the South American country in the next three years. Hexaware launched its operations in Saltillo with the acquisition of FocusFrame in 2006. FocusFrame is a specialized testing services firm and has over 100 employees located at the centre.
Hexaware Technologies Ltd board will meet on February 17 to consider audited financial results for the year ended December 31, 2002.
IT major, Hexaware Technologies, plans to hire 400-500 fresh engineers in the current calendar year, a top company official said.
India's initial public offering (IPO) market is rewriting the rules of sectoral dominance, with a diverse slate of companies entering the stock market arena.
Hexaware Technologies Ltd on Thursday said that it has opened a European development centre at Bad Homburg in Germany.
Hexaware Technologies Ltd will publish the audited results within a period of three months from the end of the last quarter of the financial year i.e. December 31.
IT company Hexaware Technologies said on Thursday it has earmarked an investment of about 40 million dollars to acquire firms in the services segment in Europe.
In a bid to control costs and further improve current utilisation, IT major, Hexaware Technologies, will soon introduce a salary reduction for employees above certain levels and also put 350 personnel, currently non-billable, on to a 'virtual bench.'
Hexaware Technologies, a provider of IT and BPO services, is planning to acquire an IT company in the US or Europe for $20-40 million
Hexaware Technologies Ltd has posted a substantial jump in its consolidated net profit at Rs 32.88 crore for the year ended December 31, 2003 as against Rs 5.75 crore in the last fiscal.
IT company Hexaware Technologies Ltd has posted a 11.06 per cent decline in its consolidated net profit at Rs 16.55 crore for the third quarter ended September as against Rs 18.61 crore in the same period last fiscal.
IT and BPO service provider Hexaware Technologies has acquirea US-based IT firm Focusframe Inc in an all cash deal of $34.3 million.
Hexaware Technologies Ltd posted a net profit of Rs 74.12 million for the quarter ended December 31, 2002 where as it had posted a net loss of Rs 84.71 million for the quarter ended December 31, 2001.
If it becomes a reality, the Chennai-based company will become the first private player from India to conduct such a mission to the lunar surface.
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
As many as 489 overseas investment transactions were carried out by various companies in March, as per the Reserve Bank data released on Wednesday.
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