IT
LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore
The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.
Infosys headcount grows by 14,203 on-year
Infosys added 8,203 employees in Q2FY26, its fifth consecutive quarter of headcount addition. Its smaller peer HCLTech, which revised its services revenue growth guidance to 4-5% from 3-5% on Monday, also added 3,489 employees in the September quarter. Tech Mahindra added 4,197 employees over the previous quarter.
With love, from HR: TCS says staff axed `with a lot of care’
Tata Consultancy Services is not targeting specific headcount reductions, according to HR chief Sudeep Kunnumal. The company saw a net reduction of nearly 20,000 employees in the September quarter due to voluntary and involuntary attrition, with mid and senior-level staff impacted by AI-led disruptions. TCS is providing comprehensive support to departing employees.
Infosys Q2 Results: Profit jumps 13% YoY to Rs 7,364 crore, revenue up 9%
Infosys Q2 Results: India's second largest software exporter Infosys Ltd reported a 13% year-on-year (YoY) growth in its net profit at Rs 7,364 crore for the second quarter of FY26. Revenue from operations rose 9% to Rs 44,490 crore.
Wipro Q2 Results: Cons PAT rises 1.2% YoY to Rs 3,246 crore, misses Street estimates
Wipro Q2 Results: The company's revenue from operations in the quarter stood at Rs 22,697 crore, up 1.8% from Rs 22,302 crore in the corresponding quarter of the previous financial year.
TCS job cuts: Karnataka union submits records of two cases, not mass layoffs
KITU’s documents did not indicate any mass layoffs, senior labour department officials told ET. TCS general manager (HR) Boban Varghese Thomas appeared for the software major, while KITU president VJK Nair, general secretary Suhas Adiga, and secretary Sooraj Nidiyanga appeared for the employees in Bengaluru on Wednesday.
KPIT Technologies takes controlling stake in AirConsole maker N-Dream
The deal will bolster the IT services company’s position in the software-defined vehicle space and boost N-Dream’s push to build advanced in-car digital experiences beyond gaming.
Infosys turns to employees for talent hunt, offers cash incentives
Infosys is urging staff to refer candidates for various roles across its India offices, signalling a pickup in lateral hiring. Employees can earn cash rewards if their referrals are selected. In contrast, rival TCS has paused such hiring after bringing in 650 people last month, following 12,000 job cuts.
India is of strategic importance in future expansion plan: Salesforce CEO
Salesforce CEO Marc Benioff called India a key part of the company’s future growth plans. He praised Arundhati Bhattacharya for successfully leading operations in South Asia. Speaking at Dreamforce 2025, he said Salesforce is committed to building a strong presence in India under her leadership, though no targets were shared.
Tech Mahindra Q2 net profit falls 4.5% to 1,195 crore on higher staff costs
TechM posted a net profit of Rs 1,195 crore for the three-month period ended September 30. Its year-earlier results included gains from land sales. Revenue for the fifth largest Indian IT services firm rose 4.8% on year and 5.1% quarter-on-quarter (QoQ) to Rs 13,995 crore. The growth was supported by the banking, financial services & insurance segment and stability in the manufacturing and retail, logistics & transport sectors, the company said.
