OUTSOURCING SOFTWARE DEVELOPMENT
Five IndiaAI empanelled companies ineligible for new compute bid
CDAC requires bidders to own, lease or operate a Tier-III, Rated-3 or higher data centre in India. Bidders must also hold the required ISO certifications and operate a network operations and security operations centre in India.
Digital payments firms race to fortify defences as cyberattacks intensify
At Bengaluru-based Cashfree, attempted attacks have been taking place repeatedly over the past three weeks, occurring at least 10 times as frequently as a year ago, chief technology officer Ramkumar Venkatesan told ET. Attackers are increasingly combining multiple vulnerabilities to attack systems, he said.
India’s Arrakis problem: The price of what low-skilled workers know
Indian workers contribute valuable data for training AI systems, which is transforming how tasks are automated. As technology advances, low-cost labour is becoming a significant resource for AI development globally. Companies are increasingly relying on Indian workers for video data that demonstrates various physical tasks. This trend poses challenges regarding data ownership and the economic benefits for India.
Exclusive | Cognizant in talks to invest in Indian AI startup Sarvam valuing it at $3.5-4 billion: sources
Cognizant’s potential investment in Sarvam comes as advances in agentic AI raise questions about the future of the IT services industry. AI agents are increasingly capable of automating tasks across software development, application maintenance and back-office operations, potentially disrupting traditional outsourcing models.
VerSe valuation sinks; Paytm Q2 profit rises
Happy Tuesday! Dailyhunt parent VerSe Innovation’s valuation has taken a sharp hit. This and more in today’s ETtech Morning Dispatch.
Oracle may extend US staff separation scheme to India
Oracle’s India workforce has been shrinking over the past six months, with engineering departures running at roughly five times the pace of hiring, sources said. Oracle’s recent round of global layoffs in September impacted about 10% of its India workforce or 3,000 employees, ET had reported.
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Unacademy founders plan AI fund; Flipkart’s premium push
Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.
India can catch up in AI by focusing on applications
India faces significant threats in the global AI landscape as investments surge globally. While it has missed some initial chances, the nation has the potential to harness its talented workforce and established ITeS sector. The rise in private investment reflects an increasing enthusiasm and job opportunities in AI. To avoid being seen merely as a commodity, companies must innovate.
Most trustworthy AI system demands least inherent model trust: Microsoft CEO Satya Nadella
The most trustworthy Super Intelligence system will not be the one powered by the model users trust the most, but rather the system that allows people to trust the model the least, Microsoft CEO Satya Nadella stated in a post on X.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
Beyond America: Top nations where Indian tech professionals can find overseas job prospects and career growth
Indian technology professionals are exploring new global opportunities as US immigration policies change. Countries like Australia, Canada, and Germany offer various pathways for skilled workers. These professionals need to understand specific immigration routes and requirements in each destination. Securing job offers does not guarantee visa eligibility, as requirements can vary significantly.
Trump's bid to curb techies may end up benefiting India
Trump’s tightening of H-1B and PERM rules could hurt Indian IT companies in the short term but may also accelerate the shift of more US technology work to India, former HCLTech CEO Vineet Nayar argues. The bigger opportunity would be for Indian firms to move beyond manpower-heavy outsourcing towards higher-value work in AI, product engineering, cybersecurity and technology ownership.
US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs
The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may push Indian IT firms to diversify markets and expand domestic delivery.
Karnataka Minister warns of 'far-reaching consequences' on US suspension of Green Card program for IT majors
Karnataka Minister Priyank Kharge outlined potential challenges for India's IT sector due to the US suspension. This suspension may increase operational costs and reduce flexibility for Indian IT companies in the United States. Kharge suggested that more high-value work might remain in India due to difficulties in relocating engineers. He emphasized the need for India to be prepared for this shifting landscape in technology operations.
AI crowds out fresh grads at Wall Street tech hubs in India
The landscape of entry-level employment for Indian graduates is shifting dramatically due to advancements in AI. As machines tackle more mundane tasks, the demand for conventional positions dwindles. This reality compels new graduates to acquire advanced skills for job acquisition. In response, universities are incorporating AI-focused programs to better equip students.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
AI breaks India’s linear growth model, but campus hiring remains weak: Nasscom’s Rajesh Nambiar
Nambiar said large IT and BPM companies have cut back on campus hiring over the last three years, which is not expected to change while the industry is in the middle of its shift to AI.
These large-, mid- & small-cap stocks can give more than 20% return in 1 year, according to analysts
Oil prices are still up, and so are bond yields, both in the US and in other major markets. And fresh troubles seem to crop up somewhere or the other in the world. That is the reality, and there is no use pretending otherwise. The fact remains that we are living in a world where there is a readjustment taking place. And that is always painful.
Tonbo Imaging India gets SEBI nod for IPO; defence electronics maker offers over 1.8 crore shares
Tonbo Imaging has received SEBI approval for its proposed IPO, comprising an offer for sale of up to 18.09 million shares. The defence electronics maker has a global footprint, with more than 28,000 systems deployed across 24 countries.
Too early to write India off in the global AI race: Andreessen Horowitz’s Raghu Raghuram
India has few frontier AI model companies and limited computing capacity, but according to a16z managing partner Raghu Raghuram, the country should not be written off. In an interview with ET, Raghuram said Indian startups could first build services on open-weight models before eventually developing their own.
Payoneer India Cross-Border Excellence Awards: A diverse winner list reflects India’s growing cross-border trade
Services exports in India have surged to a record $421.3 billion, surpassing estimates, in FY26, as total exports hit an unprecedented $863 billion. The trade is well on its way to meet the $2 trillion export target by 2030-31, yet the companies bringing about this impetus remain largely unknown. Payoneer India Cross-Border Excellence Awards, in association with The Economic Times, have identified, recognised, and felicitated these businesses/individuals/ideas. Read on!
India’s FDI equity inflows rise 6% to $19.8 billion in Q1FY27; Japan tops, US plunges 76%
India’s FDI equity inflows rose 6% to $19.81 billion in April-June FY27, led by Japan at $5.7 billion, while US inflows fell 76% to $1.34 billion. Total FDI including reinvested earnings stood at $30.6 billion. Tamil Nadu attracted the most investment at $5.9 billion, followed by Maharashtra.
How AMD went from Intel’s smaller rival to a $1 trillion AI contender
AMD achieved a $1 trillion market capitalisation as of September 21. The company’s rise is attributed to its success in AI computing and product innovation. Under CEO Lisa Su, AMD has transformed its business and expanded its offerings beyond CPUs. Recent acquisitions have bolstered AMD's capabilities in graphics processing and data center solutions.
Big Tech’s AI switch may dent $20 billion of IT outsourcing revenue
This shift threatens revenues in the high-tech and communications segments of the $315 billion local IT industry as higher efficiencies and heavy investments in AI weigh on the balance sheets of hyperscalers and big tech firms, they said. Experts predict that major IT firms will face direct revenue pressure as upcoming contract rebids, automation and smaller project scopes reduce overall billing.
OFSS shares tumble 7%; Wipro, Coforge, Infosys shares down up to 2%. Why are IT stocks under pressure today?
Shares of OFSS fell over 7% while top IT stocks including Infosys, Wipro, and Coforge dropped up to 2% on Monday. The drag comes following reports of Oracle's $18 billion data centre debt pressure and US President Donald Trump extending the $100,000 H-1B visa fee by another year.
Anthropic quietly sets up biology lab as it ramps AI drug program
At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco Bay Area, two people familiar with the matter said. Anthropic has said it wants to unlock treatments for rare diseases, and its biology work has gone beyond "in silico" or computer evaluations.
"Will resolve issue and start delivering": HAL CMD Ravi Kumar on Tejas LCA Mk1A
Hindustan Aeronautics Limited is working to resolve Tejas Mk1A software integration challenges. The company will deliver seventy Hindustan Turbo Trainer-40 aircraft over four to five years. Prototypes for the CATS Warrior autonomous drone are now under fabrication. Four Dhruv Next Generation helicopters are being handed over to Pawan Hans Limited. Two Light Combat Aircraft Tejas trainer jets are also being delivered to the Indian Air Force.
IT stocks rebound as AI disruption fears ease; Nifty IT index gains 2.19%
On Tuesday, information technology stocks saw a notable recovery as investor confidence returned, easing worries surrounding artificial intelligence disruptions. The Nifty IT index performed robustly, surpassing other sector indices. Analysts suggest that AI holds promising prospects for Indian IT firms, yet technical experts express caution regarding the sector's short-term forecasts.
AI restraint debate lifts outlook for India tech services stocks
Indian technology services stocks may see a reprieve from recent declines. Calls to slow artificial intelligence development could boost these beaten-down companies. Investors might bet on a longer disruption timeline for AI's impact. Valuations also present an attractive opportunity for renewed investor interest. This shift could lead to short-covering and fresh buying in frontline IT stocks.
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