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AI DISRUPTION IN IT SERVICES
For one small business, AI was key to a quick start and expansionThe rapid emergence and spread of AI has become a defining feature of the U.S. economy, of prime interest to Federal Reserve officials tr...- IT services growth likely to stay soft in near term as clients delay discretionary spends: EquirusIndia's major IT firms anticipate a subdued first quarter, with growth expected to pick up only when clients shift from cost-cutting to AI-...
- India's factory boom comes with a growing cyber billCyberattacks on Bajaj Auto and Tata Electronics have exposed a growing risk for India's manufacturing sector, compounded by rising automati...
- Reliance market value now equals India's top five IT companies combinedA sharp selloff in Indian IT stocks has reduced the combined market capitalisation of the top five IT firms to nearly match Reliance Indust...
- Meta’s compounding India woes; HCLTech’s mega AI dealUnion minister Ashwini Vaishnaw has asked to summon Meta over child sexual abuse material on Instagram. This and more in today’s ETtech Top...
- AI hiring outpaces overall IT recruitment in India: reportIndia's IT sector is prioritising artificial intelligence (AI) hiring, with AI roles seeing a 16% year-on-year surge in June, contrasting w...
- In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shoppingIndian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. Th...
- KPIT outlook shock sends IT stocks sliding as growth worries intensifyMid-cap IT stocks faced a significant downturn Wednesday, led by KPIT Technologies' warning of a near-term revenue slowdown. This has ampli...
- Macros, AI, geopolitical overhang to drag Q1 showing of IT cos: Motilal OswalIndian IT firms are bracing for a subdued first quarter of FY27, with global economic headwinds, AI's impact, and geopolitical tensions dam...
- AI driving credit risk, may threaten jobs and tax revenues in developed economies: FitchFitch Ratings highlights AI and massive digital infrastructure spending as significant global credit risks. While AI promises efficiency, i...
- Rs 19 lakh crore shocker! TCS, Infosys & 2 IT giants crash 50% from peak: Is the absolute worst yet to come?India's top IT firms, including TCS and Infosys, have seen their market value plummet by at least 50% from peak levels, erasing nearly Rs 1...
- Bank of England's Breeden signals new rules to govern agentic AIFollowing years of insistence that existing frameworks were sufficient to mitigate AI risks, Deputy Governor Sarah Breeden said rapid devel...
- India eyes open source, homegrown AI amid access curbs on frontier modelsIndia is championing open-source and homegrown AI models to counter potential access restrictions on advanced frontier technologies. The IT...
- AI-enabled cyberattacks biggest near-term threat to financial system: RBIAI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned abo...
- No chips, no glory for India's AI companies racing to lock in GPUsRamprakash Ramamoorthy, director of AI research, Zoho, which is running its own data centre, said the compute cost has gone up significantl...
- China, India see top firms lose market cap share in AI lagMajor stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share...
- AI adoption gains momentum, returns emerge but infra lags: Industry executivesIndia’s greatest opportunity lies in domain-specific small language models, argued panellists at The Economic Times AI Vantage Roundtable.
- AI investment boom may fuel financial risks: BISThe Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues...
- Google limits Meta's use of its Gemini AI models: ReportGoogle, owned by Alphabet, told Meta around March it could not meet the full Gemini capacity the company had sought to purchase, the news...
- AI will amplify IT services demand, not replace it: Infosys chairman Nandan NilekaniInfosys is aggressively pursuing the AI-first services market, projecting a $300-400 billion opportunity by 2030. Chairman Nandan Nilekani ...
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