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Hexaware faces $500 million patent lawsuit

New Delhi, Oct. 2 -- American IT services firm Natsoft Corp. has sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one ... Read More


Not just jobs, AI is coming for existing IT deals in India

Bengaluru, Sept. 24 -- Artificial intelligence (AI) is rewriting the rules for India's $283 billion IT industry, affecting not just new deals but also existing contracts. Jatin Dalal, chief financial... Read More


Small, mid-sized IT firms shrug off impact of US visa fee hike on business

New Delhi, Sept. 23 -- Indian technology firms are playing down fears over US President Donald Trump's order on a big hike in H-1B visa fees that could make recruitment of Indian workers in the US alm... Read More


US bank Truist plans GCC in Hyderabad, Infosys likely to bid

New Delhi, Sept. 16 -- Truist Financial Corp., one of the US's largest banks, is looking to open a tech centre in Hyderabad, according to two people with knowledge of the matter. This will mark the en... Read More


Infosys approves fifth buyback worth Rs18,000 crore, its largest

New Delhi, Sept. 11 -- Infosys Ltd said it will spend Rs.18,000 crore to repurchase shares from the market, marking the biggest buyback yet by India's second-largest IT services company. The company ... Read More


DHL, Maersk tap India tech centres, AI to beat tariff shocks

Bengaluru, Sept. 11 -- DHL Group and A.P. Møller-Mærsk A/S, two of the world's largest logistics and shipping companies, are leveraging their India tech centres to predict US tariff-related ... Read More


Mint Explainer: What prompted Infosys to announce a buyback?

New Delhi, Sept. 10 -- Infosys Ltd will consider a buyback of shares on 11 September. This is the fifth time since its public listing in 1993 that the country's second-largest IT services company will... Read More


Investors in IT see fresh hope from weaker rupee, AI

bengaluru, Sept. 9 -- Beaten-down shares of India's top five IT services firms are attracting fresh interest from analysts betting that a weaker rupee, artificial intelligence (AI) deals, and possible... Read More


Mint Explainer: How will America's proposed HIRE Act affect India's $283-billion IT sector?

New Delhi, Sept. 9 -- Indian information technology (IT) services companies, the country's biggest employers, earn more than three-fifths (60%) of their revenue from the US. While they have largely av... Read More


India's IT sector finds a fresh wave of optimism in weaker rupee and AI bets

New Delhi, Sept. 8 -- Beaten-down shares of India's top five IT services firms are attracting fresh interest from analysts betting that a weaker rupee, AI deals, and possible US rate cuts could spark ... Read More