The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
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.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
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.
...compared with 153,000 in all of 2024.
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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.
'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
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.
Indian startups raised a total of $1.65 billion (about Rs 14,418 crore) in funding at a median valuation of $83.2 million in February 2025, according to data from Traxcn. This brings the total funding in FY25 (April-February) to $25.4 billion, spread across 2,200 rounds, the data showed.
Hexaware Technologies Ltd signed an alliance with Temenos, a banking products and software systems firm.
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
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."
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.
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.
IT major, Hexaware Technologies, plans to hire 400-500 fresh engineers in the current calendar year, a top company official said.
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 announced on Wednesday a new location for its asset management and capital markets practice at Manhattan, New York.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
Hexaware Technologies Ltd decided to 11,871 shares of Rs 10 each under and employee stock option sceme.
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 on Thursday said that it has opened a European development centre at Bad Homburg in Germany.
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.'
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.
Hexaware Technologies Ltd board will meet on February 17 to consider audited financial results for the year ended December 31, 2002.
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
The Chennai-based Hexaware Technologies has received a multi-million dollar contract from a US-based customer to provide human resource solutions.
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.
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.
Deepening the funding crisis that startups have been witnessing for some time, the October inflows plunged 75 per cent on-year to $3.3 billion across 75 deals, including six large deals worth $2.2 billion, according to an industry report. Exits touched half of the inflows at $1.6 billion across 15 deals in the reporting months, a significant improvement over the previous month which saw just $653 million worth of exits across 24 deals, but 69 per cent lower on-year basis, according to the numbers collated by EY for the Indian Private Equity & Venture Capital Association, the umbrella body the PEs and VCs. However, the report said, on a month-on-month basis, the inflows continued to grow, clipping at 60 per cent over the September numbers.
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