Sector Software & Services - Latest news, views and updates

SECTOR | 02 Oct 2025

TCS, Cognizant among 10 firms questioned by US lawmakers on H-1B visas

Business Standard

TCS and Cognizant have been questioned by US lawmakers on their H1-B hiring and layoffs, as scrutiny of visa use and alleged bias in favour of South Asian workers intensifies

Software & Services

SECTOR | 02 Oct 2025

Lok Sabha MP Raja Ram Singh asks for government intervention in illegal TCS layoffs

Business Line

Singh, in a letter on Wednesday, wrote that TCS's official announcement of laying-off 12,000 of its 6 lakh employees is part of a wider trend of mass retrenchments in the IT/ITeS sector

Software & Services

SECTOR | 23 Sep 2025

IT stocks plummet as Trump increases H-1B visa costs

Economic Times

Information technology stocks faced a downturn on Monday, pulling market indices down due to President Trump's decision to increase H-1B visa costs. The Nifty IT index experienced a significant drop, with major companies like Infosys, TCS, and Wipro declining. This move heightened concerns about the sector's growth prospects, already facing uncertainty from AI and a demand slowdown in the US.

Software & Services

SECTOR | 22 Sep 2025

ED attaches Dubai assets, India deposits worth 307 cr in betting case

Business Standard

Land, villas and flats in Dubai and bank deposits in India worth Rs 307 crore have been attached under the anti-money laundering law in an online betting and broadcasting case linked to a platform named Fairplay, the ED said on Monday. The money laundering case stems from an FIR filed by the Cyber wing of the Mumbai Police. The complaint was registered on the basis of a communication sent by Viacom18 Media against Fairplay and others, alleging revenue loss of more than Rs 100 crore to the former company due to violation of the Information Technology (IT) and Copyright Act. Subsequently, many other FIRs against various entities, including Fairplay and its associates, for "illegal" online betting were tagged together for investigation, the Enforcement Directorate (ED) said in a statement. A provisional order was issued under the Prevention of Money Laundering Act (PMLA) on September 19 to attach land, villas and flats located in Dubai and bank deposits kept in India. These properties

Software & Services

SECTOR | 22 Sep 2025

Cognizant appoints Thirumala Arohi as Chief Learning Officer

Business Line

Arohi previously served as Executive Vice President and Head of Education, Training & Assessment at Infosys

Software & Services

SECTOR | 22 Sep 2025

Information Technology Event Update Intensifying pressure on margins

Software & Services

Prabhudas Lilladhar

Software & Services

SECTOR | 22 Sep 2025

IT Sector Update

Software & Services

ICICI Direct

The US Government on Friday, Sept. 19, 2025, announced fee hike to US$100k for applicants to the H-1B visa program for skilled foreign workers starting with FY26 lottery cycle. The one-time fee applicable on all companies (Indian/US) that use the...

Software & Services

SECTOR | 19 Sep 2025

SME tracker: Global headwinds to slow down growth for ITeS MSMEs

Business Standard

In FY25, revenue grew an estimated 11 per cent in rupee terms to 4.4 trillion, supported by increased offshore workloads from cost-conscious global clients

Software & Services

SECTOR | 16 Sep 2025

CBI files supplementary chargesheet in NSE co-location scam case

Business Standard

The CBI has filed a supplementary chargesheet in connection with the NSE co-location case against a number of brokers, officials said on Tuesday. The agency had continued its probe against brokers who allegedly benefitted from the scam, while its findings against former NSE MD and CEO Chitra Ramkrishna and others were submitted in its chargesheet filed before a special CBI court in 2022. The supplementary chargesheet filed before a special court on Monday details the role of broker firms allegedly involved in the scam and their modus operandi. The CBI had registered an FIR against stock trader Sanjay Gupta and OPG Securities on May 28, 2018, under IPC sections related to criminal conspiracy, Information Technology Act, and provisions of Prevention of Corruption Act. Gupta was chargesheeted along with Ramkrishna and four others in 2022. It was followed by a number of supplementary chargesheets filed in the case. The FIR alleged that certain NSE officials facilitated OPG Securities