IT
India's top five IT firms cut nearly 7,000 jobs in FY26
India's top IT firms saw a hiring pullback in FY26, with the five major players reducing staff by nearly 7,000. This shift from expansion to efficiency, driven by AI and uncertain demand, sees a move towards specialised skills. Despite this, overall industry employment saw marginal growth, largely from global capability centres.
Before Mythos goes public, Indian IT also wants access
AI firm Anthropic is in talks with governments worldwide, including India, about safeguarding critical infrastructure. This is ahead of the public release of its powerful Claude Mythos AI model. The model could expose significant vulnerabilities. Indian tech industry body Nasscom and the Indian government are seeking early access to the model to enhance cybersecurity.
IT majors' shares fall following mixed results, weak outlook
Indian IT stocks faced significant pressure following mixed quarterly results from major players like Infosys. While TCS reported profit growth, its annual revenue saw a decline. Infosys's profit beat expectations but revenue fell short, leading to a lowered growth forecast.
Trump administration vows crackdown on Chinese companies 'exploiting' AI models made in US
America is taking a strong stance against foreign tech firms, especially those in China, for allegedly stealing advanced artificial intelligence capabilities. The US government plans to work with domestic AI companies to identify and counter these activities.
Infosys Q4 headcount falls by 8,440; attrition rises to 12.6%
Infosys saw its employee base decrease by 8,440 in Q4FY26, despite reporting higher quarterly profits. The IT major's total headcount stood at 3,28,594 at the end of March 2026. This quarterly dip contrasts with a year-on-year increase of 5,016 employees.
Infosys logs 21% jump in Q4 profit
Infosys, India's second-largest IT firm, announced robust revenue and net profit figures for the fourth quarter of FY26. Despite outperforming rivals, the company issued a wider annual revenue forecast for FY27. This cautious outlook reflects global economic shifts and the impact of artificial intelligence on the IT sector.
LTM Q4 profit fises 18.8% YoY to Rs 1,341 crore
LTM, formerly known as LTIMindtree, posted revenue of Rs 11,292 crore for the March quarter, up 4.7% sequentially and 15.6% year-on-year, driven by improving deal momentum, despite a tepid macro environment. The company is aiming to double its revenue in the next five years, after crossing the Rs 10,000-crore topline mark in the July-September 2025 quarter.
Infosys board approves Esops worth Rs 51.75 crore for CEO Salil Parekh
Infosys has approved significant equity-based compensation grants for CEO Salil Parekh and other employees, totaling Rs 51.75 crore for Parekh. These grants, including Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), are linked to various performance metrics and ESG targets. The company also reported a 20.8% rise in net profit for the March 2026 quarter.
UK investigates after big health dataset listed for sale on China's Alibaba
Britain is probing the appearance of UK Biobank data on China's Alibaba. The health charity's anonymised data from 500,000 volunteers was listed for sale. The government confirmed the listings were removed and no purchases were made. Access to the data has been paused. The Information Commissioner's Office is also making enquiries into the incident.
Infosys to hire 20,000 freshers in FY27, says CFO
Sanghrajka was speaking after announcing the company's fourth quarter results for FY26. The second-largest IT services company's total employee count stood at 3,28,594 at the end of the quarter ended March.
