Eternal’s strong Q2 report; Exits outpace hiring at top IT firmsHappy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
22 Oct, 2026, 07.36 AM IST
Software majors delete 24,000 jobs across IT and engineering in a yearOver the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,00...
22 Oct, 2026, 06.00 AM IST
Mygate, Eternal-backed digital ads firm Adonmo to merge, create Rs 3,500 crore entityAccording to people in the know, the combined entity will be valued at around Rs 3,500 crore. Mygate closed a Rs 225 crore round in June th...
21 Oct, 2026, 05.39 PM IST
IT companies likely to see 2-3% AI led deflation over the next 1-2 yearsThe rise of artificial intelligence is anticipated to contribute to ongoing revenue challenges within the IT services sector. Leading firms...
21 Oct, 2026, 04.11 PM IST
Tech giants' AI spending to exceed $1 trillion in 2027, lift US growth: UBSMajor technology companies are projected to invest more than USD 1 trillion in artificial intelligence infrastructure by 2027. Reports indi...
21 Oct, 2026, 10.23 AM IST
Jio IPO beyond telecom: Why the Ambanis are pitching AI, cloud and 7,220 patents as Jio’s tech futureJio Platforms ₹30,213 crore IPO marks a significant shift toward technology-driven digital services. With a focus on leveraging its connect...
21 Oct, 2026, 09.24 AM IST
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimatesElon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI busines...
21 Oct, 2026, 01.50 AM IST
LTM boss sees short-tenure AI deals fuelling quicker revenue boost in H2Deal closures are also at an inflection point with LTM's sales teams targeting AI deals that are shorter tenured but generate revenue quick...
20 Oct, 2026, 09.27 AM IST
LTTS reports 67% net profit surge to Rs 548.2 crore, driven by SWC businessThe Pune-headquartered company booked a capital gain of Rs 165 crore from the SWC divestment. Profit from continuing operations rose about ...
19 Oct, 2026, 09.19 PM IST
Software majors add more hands in Q2 on deal wins, growth optimismData showed the top six had added a net 5,500 to their rolls in the April-June quarter. Employee data of Infosys, the country’s second-larg...
17 Oct, 2026, 04.19 PM IST
Schneider Electric raises 2026 targets again on booming data centre demandSchneider Electric has achieved a record revenue of €11.46 billion in the third quarter, exceeding analyst projections. The company has adj...
16 Oct, 2026, 01.05 PM IST
Wipro faces slow recovery as revenue and deal wins lag peersWipro has reported a decline in revenue for the second quarter in a row, contrasting with larger rivals that experienced growth. The total ...
16 Oct, 2026, 08.23 AM IST
Redington could gain as memory shortage reshapes ICT distribution; brokerage sees 20% upsideDAM Capital has re-initiated coverage on Redington with a Buy rating and a target price of Rs 470, implying nearly 20% upside. The brokerag...
15 Oct, 2026, 01.08 PM IST
Figma CFO says design platform willing to put margins on the line to boost AI demandFigma's CFO acknowledged that fluctuating gross margins may not recover to former levels due to substantial investments in AI initiatives, ...
15 Oct, 2026, 10.41 AM IST
Nifty IT surges 5.2% to log biggest single-day gain in 17 monthsIndian IT stocks experienced a significant increase following HCL Technologies' strong earnings report for the September quarter. The Nifty...
14 Oct, 2026, 06.22 AM IST
Agilent to buy pathology software maker Proscia for $240 millionAgilent Technologies has revealed plans to acquire Proscia for $240 million in cash, along with possible performance bonuses. Proscia is kn...
13 Oct, 2026, 05.45 PM IST
HCL Tech shares rally over 4% after Q2 results. What are CLSA, JPMorgan, others saying?HCL Technologies share price: HCL Tech shares rose after the IT services major reported a 21% YoY rise in Q2 FY27 net profit to Rs 5,132 cr...
13 Oct, 2026, 11.11 AM IST