IT
Infosys to consider share buyback proposal on Thursday
Infosys will consider a buyback of equity shares at a meeting on September 11, 2025, following a period of underperformance where shares have fallen nearly 25% in the past year. Despite this, the company reported a 9% YoY growth in consolidated net profit for the first quarter, with revenue rising 8% YoY.
HCLTech appoints Amitabh Kant as independent director
The appointment, which was greenlit by the Board, has been recommended by the Nomination and Remuneration Committee, the company said in a statutory filing, and added that the appointment is for a term of five years.
SC sets aside Bombay HC order restraining Cognizant from using logo in India
Cognizant on September 5 removed its logo from its website and all social media platforms, including LinkedIn, Facebook, YouTube, and X (formerly Twitter), in India, following a legal dispute with the small Bengaluru-based technology firm in a trademark dispute.
Proactive pitch is new sales driver for Indian IT companies
India’s tech outsourcing firms are shifting from traditional RFP-led sales to proactive pitches, which are now driving a third of renewals. This approach helps retain clients and adapt to AI-led efficiency demands. However, clients now expect measurable outcomes, pricing transparency, and flexible deals, putting pressure on providers to prove real value.
IT Inc worries as US may slap tariffs on software exports
India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
DHL Group launches IT Services centre in Indore
The Indore centre, besides supporting global projects, will also serve as DHL ITS' first dedicated technology training academy in India, equipping employees with skills in digital technologies, automation, AI, and leadership, DHL Group said.
Cognizant drops use of logo in India after Bombay HC order
Cognizant has removed its logo from major social media platforms after the Bombay High Court reinstated a ban in a trademark dispute with Bengaluru-based fintech Atyati. The court ruled that Cognizant cannot use the logo in India until the case concludes. Atyati claims Cognizant copied its 2019 logo design.
Infosys picks up five business ideas from employees to incubate & offer to customers
Infosys has selected five employee-led business ideas from its in-house entrepreneurship programme to develop into client-ready solutions. These ideas, focused on mobility, SaaS, and AI-led services, will receive funding, mentorship, and tech support. Those selected for full implementation will shift into the incubator role full-time and receive up to $2,000 (Rs 1.7 lakh) in rewards, Infosys had said last year.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
TCS signs €550 million deal with Scandinavian non-life insurer Tryg
The deal will see TCS simplifying and standardising Tryg’s operations in its three major markets — Denmark, Sweden, and Norway — and driving technological transformation over seven years.
