Mumbai, April 17 (IANS) Mastek on Friday reported a 2 per cent decline in consolidated net profit for the fourth quarter ended March 2026 (Q4 FY26) at Rs 106.15 crore, compared to Rs 108.35 crore in the previous quarter (Q3 FY26). The company’s revenue from operations increased 3.6 per cent sequentially to Rs 938 crore, up from Rs 905.68 crore in the December quarter, according to its stock exchange filing.However, earnings before interest and tax (EBIT) fell 1 per cent to Rs 132.28 crore from…
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New Delhi, Feb 4 (IANS) Concerns over software stocks globally impacted Indian IT stocks on Wednesday as US AI firm Anthropic expanded its enterprise AI assistant with a new automation layer designed to handle complete business workflows.Investor caution of artificial intelligence replacing significant portions of the software business, resulting in a massive sell-off now known as the “SaaSpocalypse.”The new AI assistant could automate legal document reviews, compliance checks, sales planning, m…
New Delhi, Jan 14 (IANS) Around 52 per cent of tech and banking professionals in India and US said their companies plan to increase hiring in India in 2026, a report said on Wednesday.The report from anonymous community app for professionals, Blind, said that 34 per cent of respondents expect a significant increase and 18 per cent who anticipate a moderate rise, the report said.The survey gathered responses from 2,392 verified professionals across the United States and India and reported that th…
Washington, Jan 14 (IANS) Seattle University and the Consulate General of India in Seattle hosted a briefing session on the AI India Impact Summit 2026, highlighting India’s approach to artificial intelligence as a tool for social good, sustainability and inclusive economic growth.The event was held at the Casey Commons Conference Hall on the Seattle University campus on Monday and drew a large turnout of students and senior faculty. The discussion focused on the summit’s theme, “People, P…