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AI IN IT SERVICES
Top 5 IT services companies see 3.3% staff productivity boost in Q1; Wipro the only laggard as TCS, Infosys, HCLTech and Tech Mahindra log gainsIndia's leading IT firms witnessed a substantial rise in employee productivity over the past year, despite a decline in overall staff numbe...- How AI fraud detection is reshaping banking and financial services in IndiaEvery digital payment, loan approval and investment decision carries an invisible layer of intelligence. AI products are quietly helping fi...
- Coforge shares surge 7% after Q1 profit spikes 63% YoYCoforge shares jumped after the IT services company posted a strong Q1 FY27 performance, with net profit rising 63% year-on-year and revenu...
- Krutrim trims staff again, this time by another halfThe fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original ful...
- AI blows up IT playbook: Lines between AI labs and IT services firms start to blurThe enterprise services business they have dominated for decades is beginning to see a new breed of rival. OpenAI and Anthropic are no long...
- Is ChatGPT down today? OpenAI confirms AI image generation issue, says fix is on the wayChatGPT users across the world are reporting issues with AI image generation, with OpenAI acknowledging the disruption and confirming that ...
- Private equity investors shift tech bets from IT services to AI startupsBankers and investors told ET that interest is expanding beyond capital-intensive AI infrastructure to applications that automate business ...
- Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment planNvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. ...
- IT price wars squeeze Infosys out of three multi-million dollar accountsInfosys said last week that loss of a large European client weighed on its first-quarter revenue growth. The Bengaluru-based company, India...
- Elon Musk says AI, robotics will drive ‘incredible abundance’Elon Musk sees AI and robotics potentially creating widespread economic abundance for everyone. He acknowledges the rapid, unstoppable pace...
- Is ChatGPT down? Users report login issues as OpenAI confirms outageThousands of users worldwide report problems accessing OpenAI's popular AI chatbot. Many users cannot log in, send prompts, or view their c...
- Mphasis reports 11% rise in Q1 net profit, revenue beats estimatesThe Bengaluru-headquartered company’s revenue for the three months ended June 30 rose 17.5% year-on-year and 3.3% quarter-on-quarter to Rs ...
- Coforge secures over $230 million AI transformation contractCoforge announced a significant five-year contract valued over $230 million. This AI-led transformation engagement is with a major European...
- HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hubHCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastruc...
- HCLTech to set up Rs 14,257 crore AI data centre in Odisha with SarvamHCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The init...
- Governments must move beyond AI pilots to redesign public services: McKinseyGovernments must move beyond isolated AI pilot projects. Redesigning processes is crucial for fully realising AI's potential. A four-step a...
- ServiceNow invests $40 million in Businessnext at $700 million valuationGlobal tech firm ServiceNow has invested $40 million in Businessnext. This funding round values Businessnext at seven hundred million dolla...
- IT growth under pressure amid delayed deal ramp-upsRatings agency Crisil last week forecasted the $315-billion industry to grow just 1-3% on a constant currency basis in FY27 and 2-4% in FY2...
- The AI race isn't about bigger models—it's about IndiaIndia can become the world's AI deployment hub by leveraging its software engineering workforce and enterprise IT experience. Enterprises w...
- India's IT model is out of date. Can the industry reinvent itself?Indian IT companies have survived many technological upheavals. But AI is threatening their pyramid model resting on an army of workforce p...
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