New Delhi, May 6 (IANS) India’s total exports of merchandise and services increased by 4.6 per cent to a record high of $863.11 billion during the financial year 2025-26, compared with the corresponding figure of $825.26 billion for the previous fiscal year, despite the US tariff turmoil and uncertainties triggered by geopolitical tensions, the latest figures compiled by the Commerce Ministry showed.Merchandise exports registered a 0.93 per cent growth to $441.78 billion during the financial yea…
Latest IT services News & Updates
Visakhapatnam, April 28 (IANS) India is poised to emerge as major trusted value chain and supply chain partner to the world in electronic manufacturing, driven by strong policy support and visionary leadership, Union Minister Ashwini Vaishnaw said on Tuesday.Vaishnaw highlighted that India has already emerged as a leader in IT services and is now rapidly advancing in electronics manufacturing.He noted that India has made significant strides in mobile manufacturing, with mobile phones becoming on…
New Delhi, April 27 (IANS) The Federation of Indian Export Organisations (FIEO) on Monday welcomed the signing of the India–New Zealand Free Trade Agreement, calling it a strategic milestone that will expand market access, deepen economic ties and create opportunities for exporters, especially micro, small and medium enterprises.FIEO President, S C Ralhan said that the FTA will open new bilateral trade avenues for Indian exporters across agriculture, textiles, pharmaceuticals, engineering good…
Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
New Delhi, April 22 (IANS) Global IT spending is pegged to reach $6.31 trillion in 2026, an increase of 13.5 per cent from 2025, because of the accelerating adoption of artificial intelligence (AI), a report said on Wednesday.The surge is fuelled by rapid investments in AI infrastructure, advanced memory, and high-performance computing systems as enterprises scale AI workloads, according to a Gartner analysis.Segment-wise, data centre systems are expected to record the fastest growth, rising nea…
New Delhi, April 17 (IANS) Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta, according to a report.The report by TradingPlatforms noted that the latest wave of layoffs builds on a broader post-pandemic correction, with over one million tech jobs lost globally since 2021 as companies recalibrate hiring after the Covid-era expansion.Artificial …
Mumbai, April 16 (IANS) Wipro, a leading global end-to-end IT transformation, consulting and business process services provider, on Thursday reported a 1.89 per cent year-on-year (YoY) decline in its consolidated profit after tax to Rs 3,501.8 crore for the fourth quarter of FY26, compared to Rs 3,569.6 crore in the same period previous financial year (Q4 FY25).On a sequential basis, however, the company posted a 12.27 per cent rise in profit, according to its stock exchange filing.Earnings per …
New Delhi, April 15 (IANS) India’s gig hiring landscape evolves from a volume‑led opportunity into a capability‑led ecosystem, with demand shifting toward enterprise‑led hiring, Tier‑2 talent hubs and high‑skill remote roles, a report said on Wednesday.The report from foundit talent platform said the broader monthly hiring market moderated in March, with the overall index down 5 per cent month‑on‑month and largely stable on YoY basis up 1 per cent.White‑collar gig jobs grew fro…
New Delhi, April 9 (IANS) IT services major Tata Consultancy Services (TCS) on Thursday reported a slight rise in last‑12‑months attrition rate to 13.7 per cent in the fourth quarter (Q4), up from 13.5 per cent a year earlier.The tech giant also saw its headcount increase by 2,356 employees in the March quarter to 5,84,519, up from 5,82,163.”Women make up 35.2 per cent of total employee strength,” the software services firm said, adding that employee headcount dipped by 30,906 from the first…
New Delhi, April 6 (IANS) Salary increments across India Inc are expected to remain largely stable in 2026, with average hikes projected at 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The “Deloitte India Talent Outlook 2026” report by Deloitte, based on a survey conducted earlier this year across multiple sectors, indicated that companies are now settling into a steady pattern of annual pay increases after the sharp fluctuations se…