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AI CANNIBALISING IT SERVICES REVENUE
NSE flags regulatory, tech, AI, derivatives concentration risks in IPO papersThe National Stock Exchange raises a red flag regarding substantial financial and operational threats. Emerging regulatory frameworks, tech...- Microsoft makes big AI inroads in China by selling OpenAI modelsMicrosoft is significantly growing its AI business in China, with ByteDance reportedly spending over $1 billion annually on its cloud and A...
- Italian digital service company Engineering sells two units to AccentureEngineering, a prominent player in Italy's digital services landscape, is parting ways with its Alfahealth and Industries eXcellence units,...
- AI startup Genspark valued at $2.6 billion in latest funding roundGenspark.ai secured $100 million in funding, valuing the company at $2.6 billion. This investment underscores strong investor confidence in...
- HCLTech bets big on sovereign AI with strategic investment in Sarvam AIHCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enter...
- ASUS expands India manufacturing for gaming laptops, but says lower prices aren't guaranteed yetASUS is now producing gaming laptops in India. This move aims to strengthen supply chains and improve availability. However, global compone...
- India's Wipro opens AI centre for Anthropic's Claude in BengaluruWipro has launched a new AI hub in Bengaluru. This centre focuses on Anthropic's Claude models. It aims to help businesses adopt AI more wi...
- Coforge shares jump over 2% as firm eyes $5 billion revenue by FY30. Why Nomura, others see up to 50% upside?Coforge shares saw a rise after the company projected $5 billion in revenue by FY30. This ambitious target is fueled by strong organic grow...
- French spies drop AI giant Palantir over US overreliance fearsFrance is moving away from American AI technology for its intelligence services. The government announced it will stop using Palantir's dat...
- HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 croreHCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India's largest AI startup, acquiring a 10.46% stake. This strat...
- AI adoption gains momentum, returns emerge but infra lags: Industry executivesIndian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, s...
- Former Tech Mahindra executive Rajashree R joins VC firm Kalaari CapitalFormer Tech Mahindra executive Rajashree R has joined venture capital firm Kalaari Capital, bringing nearly two decades of IT sector experi...
- Indian IT firms step up Europe expansion as growth outpaces North AmericaIndian IT firms are increasingly focusing on Europe for growth, with a significant rise in new delivery centres and strategic investments. ...
- In most aggressive phase of India expansion; here for long-term market wins: Amazon India headAmazon is in its most aggressive expansion phase in India, with plans to invest $35 billion by 2030 on top of the $40 billion already commi...
- Customer service no longer a cost centre in AI era: HGS CEO Venkatesh KorlaArtificial intelligence is transforming the business process management sector. Companies are now prioritizing customer experience, moving ...
- Order book growth keeps Persistent Systems on trackPersistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company ...
- AI not a threat, but opportunity for IT services: TCS chairman N ChandrasekaranAddressing the concerns that AI could reduce demand for traditional IT services, Chandrasekaran said the market has misunderstood the relat...
- Wipro shares plunge over 8%. What’s behind the selloff?Wipro shares dropped significantly on Monday. This decline follows the company's share buyback record date. Investors who bought shares for...
- Buy, Sell or Hold: Morgan Stanley maintains underweight on Wipro; HDFC Securities upgrades Stylam IndustriesBrokerages remain selective on Indian equities, with Morgan Stanley maintaining an underweight stance on Wipro due to growth concerns. HDFC...
- Jobless growth in IT: Revenue grows, headcount stagnatesIndia's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and im...
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