Topic
it sector
Business Nifty IT Surges Nearly 4% as Tech Stocks Lead Market Rally Amid Global Selloff
The Nifty IT index surged 3.75% as heavyweight tech stocks rallied, while Indian benchmark indices opened marginally lower ahead of the US Federal Reserve decision. In contrast, South Korea's Kospi tumbled more than 9% and Japan's Nikkei fell over 4%, driven by a global semiconductor selloff amid AI boom sustainability concerns.
Technology Silent Layoffs May Cut 35,000 Tech Jobs in 2026 as India IT Sector Reshapes Around AI
India's IT sector faces up to 35,000 silent layoffs in 2026 as companies restructure for AI, with top firms reducing headcount. Staffing firms TeamLease and CIEL HR report 12,000–15,000 jobs already cut by May, with full-year estimates ranging from 18,000 to 35,000.
Business Debt's the Way for Indian IT Acquisition Funding: Persistent Systems Leads $1.5B Bridge Financing
Persistent Systems' $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro signals a broader trend of Indian IT companies increasingly using debt for transformative acquisitions, departing from their traditional cash-rich, debt-free balance sheets. Industry experts warn of risks but note the strategic necessity to build AI capabilities and gain scale.
Technology GenAI and Geopolitics to Keep India's IT Sector Growth Under Pressure, Says JPMorgan
JPMorgan's research report warns that India's IT services sector faces an uncertain demand environment due to generative AI (GenAI)-led productivity gains, geopolitical uncertainty, and shifting enterprise spending. Revenue growth has stagnated at 2-3% over three years, with a meaningful recovery not expected before FY30. The brokerage cut growth estimates and valuation multiples across the sector.