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Topic
IT services▲ +30% net tone today
Nifty IT +2.17% vs Nifty −0.88% on Thu, 1 Oct: in line with the news- TCS will take over Best Buy’s India GCC and turn it into an AI capability centre
- A US judge blocked the $100,000 H-1B fee again, ruling agencies failed to…
- Accenture expects higher client AI spending as token costs fall; its shares rose 22% in New York
Stories per day
327 Sept
1128 Sept
2129 Sept
1730 Sept
221 Oct
112 Oct
03 Oct
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Wipro breaks ranks with IT peers, gives junior staff 180 days on bench: Where do TCS, Cognizant, Infosys stand?
- Wipro gives junior and mid-level staff up to six months to find a billable role
- Longer bench periods may affect Wipro’s staffing costs and margins
Accenture forecasts 3-6% FY27 revenue growth after Q4 revenue beats guidance
- Q4 revenue was $18.7 billion, up 6% year-on-year and above the high end of guidance
- FY27 revenue growth forecast at 3% to 6%, above analysts’ estimates of 3.9%
- Accenture’s outlook eases AI concerns, lifting sentiment for Indian IT services companies
AI winners and losers are emerging in Indian IT, says BNP’s Kumar Rakesh
- AI-driven revenue deflation and weak tech spending are reshaping India’s IT sector
- Some mid-cap firms are better placed than larger peers to navigate the shift
- Weak tech spending pressures Indian IT services; better-positioned mid-caps may prove more resilient
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