The IT services sector is facing challenges due to Artificial Intelligence (AI), with investors expressing concerns about job losses and the transition period. However, other sectors like real estate, autos, and domestic pharma companies showed more positive outlooks, with some showing stead
The information technology (IT) sector is expected to experience moderated growth during the transition phase of a new technology cycle. According to a report by Morgan Stanley, spending on IT services may increase at a slower rate compared to the overall growth of the United States economy.
Jefferies in its latest report has revised downward its earnings estimates for the IT sector, citing structural changes driven by artificial intelligence (AI), which may significantly alter the traditional business mix of IT companies.
New Delhi [India], February 20: The India - AI Impact Summit 2026, hosted by the Government of India under the India AI Mission at Bharat Mandapam in New Delhi, marked a defining global inflection point that framed the transition from AI aspiration to measurable national and enterprise outco
India's information technology (IT) sector, long perceived as a potential casualty of the artificial intelligence disruption, may instead be emerging as a structural beneficiary of the AI transition, according to a recent report by Jefferies.
Prime Minister Narendra Modi held key meetings with Google CEO Sundar Pichai, Finland's Prime Minister Petteri Orpo, and Spain's President Pedro Sanchez during the India AI Impact Summit 2026. Discussions focused on AI, trade, and future technologies. The Prime Minister highlighted AI's g
Prime Minister Narendra Modi on Tuesday said that artificial intelligence (AI) is not replacing India's IT sector but transforming it, potentially enabling the industry to reach $400 billion by 2030, as the India AI Impact Summit 2026 commenced in the national capital. The summit marks th
The domestic stock markets started the fresh week on a weak note on Monday, with both benchmark indices opening in the red amid continued concerns about artificial intelligence (AI) disruptions in the IT sector.
The Ministry of Electronics and IT has announced that the 'Semicon India Programme' is progressing rapidly, with 10 major projects now officially approved. This initiative, with a total outlay of Rs 76,000 crore, was designed to build a comprehensive ecosystem for chip manufacturing in India
CM Yadav also stressed that Madhya Pradesh and Rajasthan are brother states that share development and heritage, highlighting the governments of both states working jointly on the Parbati-Kalisindh-Chambal (PKC) river-linking project.
Revenue growth of Indian IT services companies is expected to remain muted in the third quarter of the current financial year 2026, even as operating performance stays resilient, according to a report by Centrum.
Chhattisgarh has transformed investment commitments into tangible progress at breakneck speed, with 219 projects worth Rs 7.83 lakh crore across 18 sectors now advancing rapidly since November 2024. Spanning 26 of the state's 33 districts, these initiatives are poised to generate over 1.5