Sector Software & Services - Latest news, views and updates

SECTOR | 07 Oct 2025

Is TCS Justified In Firing More Than 12,500 Employees? IT Employees Body Counters Some Arguments

NDTV Profit

Employees were threatened with termination, denial of full and final settlement, relieving letters and even blacklisting if they refused, the Nascent Information Technology Employees Senate alleges.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

Software & Services

SECTOR | 07 Oct 2025

Valuation comfort sparks fresh buying in IT stocks

Economic Times

Information technology stocks rebounded on Monday, with the NSE IT index jumping 2.3%, as investors deemed recent weakness excessive. Analysts believe most negative factors are priced in, suggesting a potential bottom for the sector. Despite a cautious outlook, selective opportunities exist for medium- to long-term investors.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

Software & Services

SECTOR | 04 Oct 2025

Information Technology Jul-Sep'25 Earnings Preview Steady quarter but...

Software & Services

Prabhudas Lilladhar

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

Software & Services

SECTOR | 03 Oct 2025

TCS, Cognizant and 8 others face US Senate heat over H-1B hiring amid mass layoffs

Business Line

The senators said their inquiry comes at a time when the unemployment rate in America's tech sector is well above the overall jobless rate

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

Software & Services

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

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.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 04 Oct, 2025.