Sector Software & Services - Latest news, views and updates

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

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

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.

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

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...

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.

Software & Services

SECTOR | 08 Aug 2025

TCS layoffs signal AI-driven transformation in $283 bn outsourcing sector

Business Standard

TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience

Software & Services

SECTOR | 31 Jul 2025

IT cos warn employees to reskill or risk losing jobs amid AI transformation

Business Standard

From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits

Software & Services

SECTOR | 31 Jul 2025

Cognizant posts 7% rise in revenue as inorganic growth boosts performance

Business Line

Net profit saw a 14 per cent rise at $645 million compared to $566 million

Mid-level managers need cross-functional skills in AI era: Cognizant CEO

Business Line | 31 Jul 2025 7 more

Software & Services

SECTOR | 30 Jul 2025

Tamil Nadu urges innovators to commercialise their Intellectual Property

Business Line

Minister for Information Technology & Digital Services Palanivel Thiaga Rajan says Tamil Nadu makes up almost 17% of total patents filed in India