How the stocks of Infosys Ltd. and Wipro Ltd. have moved today, a day after their quarterly results, is emblematic of a wider problem afflicting India’s $283-billion IT services industry. A software professional at work. (Unsplash) The Nifty IT index, a gauge of India’s 10 largest IT firms is down 1.9% since bellwether Tata Consultancy […]
HCL Technologies Ltd. has become the first top-tier Indian IT firm to declare AI revenue separately, at a time when larger peer Tata Consultancy Services Ltd. has made known its intensions to become the largest AI-led technology services company globally. HCLTech’s new deal wins crossed the $2.5-billion mark in July-September 2025 without any mega deals. […]