Sector Software & Services - Latest news, views and updates

SECTOR | 25 Jun 2025

Cognizant to invest 1,500 cr in Andhra, pledges to create 8,000 jobs

Business Standard

Andhra Pradesh Information Technology Minister Nara Lokesh on Wednesday said that IT major Cognizant will set up a major campus here with an over Rs 1,500 crore investment, creating 8,000 jobs in three phases on a 22-acre site at Kapuluppada IT Hills. Lokesh said the government approved the project to position Andhra Pradesh as a global technology hub and promote digital skilling in tier-2 cities. "We welcome Cognizant to Vizag. This investment will accelerate regional growth and future-ready workforce development," said Lokesh in a release. Cognizant's presence is expected to boost the regional digital economy, enhance tech skills, and benefit from Andhra Pradesh's infrastructure, business-friendly policies, and IT and Information Technology Enabled Services (ITES) sectors support, said the minister. Cognizant will begin operations by early 2026 from a temporary facility for 800 staff until Phase-I of the permanent campus is ready by early 2029, said the release. "We are proud t

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 24 Jun 2025

Infosys accuses Cognizant of poaching key talent to sabotage Helix platform

Business Standard

Infosys has named two top Cognizant executives in a US court filing, alleging poaching of staff tied to its Helix platform and reigniting a long-running legal dispute over trade secrets

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Cognizant and Infosys request extension of deadline to file joint report in trade secret case

Business Line | 24 Jun 2025

Software & Services

SECTOR | 23 Jun 2025

Information Technology Sector Update Strong execution, but disappointed...

Software & Services

Prabhudas Lilladhar

Accenture's (ACN: NYSE) performance in Q3 came above consensus estimates and at top end of the guidance despite the underlying challenges. The growth was driven by managed services, attributed to FS & Americas, a positive read through for Indian IT companies. However, revenue guidance for Q4 (USD 1717.6 bn) implies softness on account of caution among enterprise clients along with Federal mandates to prioritize spending. We believe the degree of intensity is more noticeable in the former than the latter, as the bookings growth on outsourcing decelerated further (down 10% YoY), while Public Service and Americas are growing at Consol business growth. For the Indian...

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 21 Jun 2025

Genpact's 10-hour workday sparks employee outrage, online backlash grows

Business Standard

Genpact faces employee backlash as 10-hour work mandate sparks concerns over burnout, digital surveillance, and a complete lack of formal communication

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 20 Jun 2025

Cognizant To Invest Rs 1,582 Crore For New Visakhapatnam Campus, Gets Land For 99 Paise

NDTV Profit

The development comes at a time the Andhra Pradesh government is making active efforts to establish an IT/Tech hub in the state.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Cognizant gets 21-acre plot in Andhra for 99 paise to build IT campus

Business Standard | 20 Jun 2025 1 more

Software & Services

SECTOR | 20 Jun 2025

Andhra clears 28,546 cr investment plans; Adani Group lines up 18,910 cr

Business Standard

Adani to invest 18,910 crore; Cognizant, Reliance among other firms to set up projects; SIPB nods to 19 ventures set to generate 30,270 jobs across Andhra Pradesh

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 19 Jun 2025

Cognizant Partners With Google Cloud To Deliver AI-Powered Customer Service

NDTV Profit

By pairing generative AI with human support in contact centre operations, the collaboration aims to improve customer satisfaction, accelerate support and drive smarter interactions.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 18 Jun 2025

India's IT/ITes sector flexi workforce to reach 900K by 2030: Careernet

Business Standard

With India's IT and ITeS sector embracing flexible staffing as a core workforce strategy, a report on Wednesday revealed that the gig economy, which is growing at 15 per cent annually, will touch 9 lakh professionals by 2030. Currently, India's IT/ITeS sector employs 3,90,000 flexi workforce, accounting for around 7 per cent of the total 5.8 million professionals in the sector, talent solutions provider Careernet said in a report - "The Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape". The report projected this number to more than double to 9,00,000 by 2030, growing at a 15 per cent Compound Annual Growth Rate (CAGR). The Careernet's 'Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape' report is based on real-time hiring data, market research, and industry trends. "With India being a global offshoring hub, demand for flexi workers is expected to rise in the IT/ITeS sector. India's IT/ITeS flexi staffing segment is undergoing a structural...

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 16 Jun 2025

IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030

Business Standard

The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 13 Jun 2025

India poised to become the AI office of the world: Cognizant's Rajesh Varrier

Business Line

Varrier highlighted that in the last 20 years, India's GDP has only grown on the back of technology, and the adoption of the internet

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.