Sector Software & Services - Latest news, views and updates

SECTOR | 25 Aug 2025, 05:44PM

2.6 mn ineligible beneficiaries of Ladki Bahin scheme in Maha: Minister

Business Standard

The Maharashtra government has prima facie identified 26 lakh ineligible beneficiaries of the Ladki Bahin scheme for women, state minister Aditi Tatkare said on Monday. The data of ineligible beneficiaries has been submitted to district authorities for physical verification, and appropriate action will be initiated on completion of the scrutiny, the Women and Child Development Minister said. The minister stressed that the benefits of eligible beneficiaries will continue uninterrupted. Tatkare, in an X post, stated that the Information and Technology Department had provided preliminary information regarding approximately 26 lakh beneficiaries receiving benefits under the Mukhyamantri Majhi Ladki Bahin scheme who do not appear to be eligible as per the scheme's criteria. These beneficiaries are from all districts in the state, she added. Accordingly, the Women and Child Development Department has provided the preliminary information of these beneficiaries to the concerned district .

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 24 Aug 2025

Indian BPO export growth outpaces IT services, trend to sustain in FY26: Report

Business Line

The trend is driven by a heightened focus on cost optimisation among global clients, leading to increased outsourcing of business processes and a shift toward offshore delivery models'

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 21 Aug 2025

Cognizant's global vibe coding hackathon sees over 50,000 participants and 30,000 ideas

Business Line

The event invited associates from across the company's business functions including HR, sales, engineering and finance among others

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 21 Aug 2025

RailTel secures 50.42 crore contract from Kerala and Odisha

Business Line

The larger contract, worth 34.99 crore excluding taxes, comes from the Kerala State Information Technology Mission for the operation and maintenance of State Data Centres

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 20 Aug 2025

Lok Sabha passes Bill to prohibit online games played with real money

Business Standard

The Bill was passed by a voice vote after brief remarks by Minister of Electronics and Information Technology Ashwini Vaishnaw, amid protests from Opposition lawmakers

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Centre to send bills on removal of PM, CMs with serious charges to panel

Business Standard | 20 Aug 2025

Software & Services

SECTOR | 20 Aug 2025

'Buy' Infosys, LTIMindtree, 'Hold' TCS, Cyient Among Others Recommends Anand Rathi; IT Services Q1 Review

NDTV Profit

Global peers like Accenture and Cognizant raising guidance has added to optimism for a gradual H2 FY26 recovery led by GenAIdriven tech spending, adds Anand Rathi

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 20 Aug 2025

Last day to buy shares of Dev Information Technology for 5:2 stock split eligibility. Check details

Economic Times

Investors interested in Dev Information Technology's stock split should buy shares today. August 21 is the record date. The company announced a 5:2 stock split, reducing the face value. This makes shares more affordable and increases liquidity. Buying shares tomorrow won't qualify for the split. Stock splits attract retail investors and boost trading volumes.

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 14 Aug 2025

Cognizant to roll out pay hikes for 80% employees from November 1

Business Standard

The pay hikes for consistent high performers is likely to be in higher single digits in India, whereas top performers are expected to get the highest raise

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Cognizant to hike salaries for majority of employees from November 1

Business Standard | 14 Aug 2025 2 more

Software & Services

SECTOR | 14 Aug 2025

IT Services: Q1FY26 Earnings Review

Software & Services

IDBI Capital

In Q1 FY26, the Indian IT sector delivered a soft performance, with Tier-2 firms like Coforge outperforming large players in both revenue growth and execution. Largecap companies such as TCS, Infosys, and HCLTech were impacted by macroeconomic uncertainty that delayed discretionary spending, leading to muted growth. However, strong deal wins especially at Infosys and HCLTech indicates improvement in demand, prompting both firms to raise the lower end of their FY26 revenue guidance. Tier-2 players meanwhile maintained their strong growth outlooks. GenAI, cloud, and digital transformation remained key drivers of interest but monetization continues to lag as clients focus on pilots rather than scaled adoption. The absence...

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.

Software & Services

SECTOR | 13 Aug 2025

RBI to transition Cheque Truncation System to continuous clearing with on-realisation settlement in 2 phases

Business Line

CTS is being transitioned from the current approach of batch processing to continuous clearing with on-realisation-settlement'. CTS currently processes cheques with a clearing cycle of up to two working days.

IDBI Capital released a Sector Update report for Software & Services on 14 Aug, 2025.