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Tech Mahindra Beats Q1 Revenue Estimates

By Uniquetimesorg July 16, 2026 0

Tech Mahindra reported better-than-expected revenue for the first quarter of FY27, driven by strong performance in its communications and manufacturing businesses, along with support from a weaker Indian rupee. The company’s revenue rose 17.7% year-on-year to ₹157.12 billion for the quarter ended June 30. The results exceeded market expectations, as analysts surveyed Continue Reading

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AI Hiring Surges as India’s IT Recruitment Slows

By Uniquetimesorg July 4, 2026 0

Hiring for artificial intelligence (AI) roles in India’s IT sector continued to grow in June, even as overall recruitment in the industry declined, highlighting a major shift in hiring priorities. According to Naukri’s monthly JobSpeak report, AI-related hiring increased 16% year-on-year, while total IT job postings fell 3%. The report, based on listings from Continue Reading

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Infosys CEO Pay Rises to ₹826 Million in FY26

By Uniquetimesorg May 30, 2026 0

Infosys CEO Salil Parekh received a total compensation of ₹826 million ($8.69 million) in fiscal 2026, marking a 2.5% increase from the previous year, according to the company’s latest annual report. His earnings included a fixed salary of ₹79.7 million, performance-linked bonuses of ₹233.5 million, and stock-option gains worth ₹507.5 million. Parekh remains the Continue Reading

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Cognizant to Cut 15,000 Jobs Globally; India to Bear Major Impact

By Uniquetimesorg May 6, 2026 0

Cognizant is expected to reduce its global workforce by around 15,000 employees, with India likely facing the largest share of job losses. Reports suggest that between 12,000 and 13,000 positions could be eliminated in India alone, where the company has a major workforce hub of over 250,000 employees. This move is expected to be among […]Continue Reading

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Wipro Announces Record Buyback Despite Revenue Miss

By Uniquetimesorg April 16, 2026 0

Wipro has unveiled a record share buyback of up to ₹150 billion after reporting a slight miss in quarterly revenue, as reduced client spending in key sectors weighed on performance. The company posted a 7.7% rise in revenue for the March quarter, but still fell short of analyst expectations due to slower demand from industries […]Continue Reading

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TCS Beats Q4 Revenue Estimates

By Uniquetimesorg April 9, 2026 0

Tata Consultancy Services reported stronger-than-expected fourth-quarter results, driven by solid demand in its North American market. The company posted a 9.7% rise in consolidated revenue to ₹706.98 billion, surpassing analyst estimates, while net profit grew 12.2% to ₹137.18 billion, also slightly ahead of expectations. As the first major Indian IT firm to announce Continue Reading

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BofA Flags Buying Opportunity in Indian Bank Stocks, Sees IT Lagging

By Uniquetimesorg April 9, 2026 0

Bank of America (BofA) Global Research has identified Indian banking stocks as an attractive investment opportunity after recent market declines pushed valuations to near historic lows. According to India research head Amish Shah, several large private lenders are trading significantly below their long-term valuation averages following a sell-off triggered by global Continue Reading

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Proposed U.S. Outsourcing Tax Puts India’s $283 Billion IT Sector on Edge

By Uniquetimesorg September 11, 2025 0

India’s $283 billion IT sector faces mounting uncertainty as the United States considers a 25% tax on outsourcing under the newly proposed HIRE Act. Introduced by Republican Senator Bernie Moreno, the bill aims to penalize companies hiring foreign workers over Americans and prevent outsourcing costs from being claimed as tax-deductible. If enforced, combined federal, Continue Reading

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Coforge Shares Surge 10% After Landmark $1.56 Billion Deal with Sabre

By uniquetimes March 5, 2025 0

Shares of Indian IT services firm Coforge (COFO.NS) surged as much as 10% on Wednesday following the announcement of a 13-year partnership with U.S.-based travel technology provider Sabre Corp (SABR.O). The deal, valued at $1.56 billion, is the largest in Coforge’s history and significantly surpasses its fiscal year 2024 revenue of $1.05 billion. Analysts at […]Continue Reading

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India’s IT sector likely to face macro headwinds until end 2023, say analysts

By uniquetimes April 24, 2023 0

According to analysts, India’s information technology (IT) services companies are facing challenges due to concerns of an economic recession in developed markets and the effects of a banking crisis in the US and Europe. The situation is not expected to improve until the end of the year. As a result, foreign portfolio investors (FPIs) have […]Continue Reading