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CLSA noted that it does not currently observe any pricing pressure linked to AI in contract renewals for IT services firms. (AI image) Indian IT stocks rebound! Shares of major IT firms including Infosys, TCS and HCL Tech climbed by as much as 4%, supported by global brokerage CLSA reaffirming its ‘Outperform’ stance on key…
A cooking gas crunch, stemming from the West Asia conflict, has forced major Indian IT firms like Infosys, TCS, and Cognizant to drastically cut canteen services. Employees are now compelled to bring packed lunches, impacting thousands who rely on office cafeterias, especially those in PGs and hostels with limited options. People in corporate sector jobs…
Indian IT stocks had already experienced a notable drop earlier this year. (AI image) Indian IT shares tank! Shares of Indian IT companies dropped by as much as 6% on Tuesday after fresh artificial intelligence announcements from global chipmaker Nvidia, which reignited concerns about AI-driven disruption in the technology services sector. Investor caution also remained…
Tata Consultancy Services CEO K Krithivasan has pushed back on the AI-fuelled panic sweeping through global software stocks, calling the notion that large language models will simply replace enterprise software “a far-fetched thing.” Speaking to Bloomberg, Krithivasan was direct. “Will the whole value chain be replaced by an LLM? That’s not going to happen,” he…
Mumbai: Calling GenAI a civilisational shift, TCS CEO K Krithivasan said the company is not afraid of the technology disrupting livelihoods and is prepared to cannibalise its own revenues if needed, leveraging AI to deliver client outcomes more effectively. “We are telling associates that if you find you can do something faster, better and cheaper…
Tata Consultancy Services (TCS) CEO K Krithivasan reportedly said the company views artificial intelligence (AI) as an opportunity rather than a threat to jobs. His comments come even as concerns grow about AI’s impact on India’s IT sector. According to a Reuters report, speaking at the Nasscom Technology and Leadership Forum in Mumbai this week,…
TCS) CEO K Krithivasan (File photo) IT giant TCS encourages the use of artificial intelligence by its employees even if it affects their revenue streams, said its CEO, explaining the advantages of the firm’s approach. He described the adoption of AI as a ‘civilisational shift’.Speaking at the annual NTLF event in Mumbai, Managing Director and…
IT stocks are once again in focus, but for all the red reasons. The sector is once again suffering sharp losses after Anthropic highlighted the potential of its Claude Code tool to modernise legacy systems built on COBOL, triggering fresh concerns across the sector. Infosys slipped over 3% while shares of HCL Technologies, Mphasis and…
After days of heavy selling in IT shares, Tata Consultancy Services offered investors a glimmer of relief on Thursday, with its shares trading in the green, rising almost 2%. The rise comes after Tata Group IT arm announced a strategic alliance with OpenAI to build artificial intelligence infrastructure in India and roll out joint market…
IT stocks have taken a massive hit, losing over Rs 6 lakh crore in market value across eight sessions, with the Nifty IT index dropping more than 8 per cent. The sell-off stems from fears that AI could automate core IT services like application development, maintenance, and testing – the backbone of Indian IT companies’…
