Sector / Industry News › Sub-category
IT / Software / Digital
24 articles
The IT and software sector is experiencing a confluence of developments, driven by AI advancements and strategic partnerships. US equities surged, fueled by Nvidia's strong performance and anticipation of its earnings report, while Hexaware Technologies is bolstering its AI and cloud capabilities through the acquisition of CPS. Elsewhere, TAKE Solutions reported a significant operational turnaround, and BRICS nations are fostering entrepreneurship in areas like AI and fintech. These trends are underscored by HCLTech's warning that 43% of enterprise AI initiatives may fail due to execution challenges, highlighting the need for careful implementation and organizational alignment as companies navigate this transformative technology.
US Stocks Rise 1% on Nvidia
US equity indices rose, S&P 500 +1.1% to 7,432.24, Nasdaq +1.6% to 26,270.36, Dow +1.3% to 50,009.35.
Nvidia shares gained 1.3% ahead of earnings, its market cap exceeds $5 trillion, seen as AI market
Hexaware Acquires CPS to Boost AI Cloud Capabilities
Hexaware Technologies acquires UK/UAE-based Consulting Professionals Services to strengthen AI and cloud transformation capabilities for financial institutions.
The acquisition consolidates spend with
TAKE Solutions FY26 Net Profit ₹10.85 Crore
TAKE Solutions reported FY26 consolidated total income of ₹6,087 lakhs, up 495.68% YoY, marking a significant operational turnaround.
Q4 FY26 performance was exceptionally strong with total income of
BRICS Youth Council Entrepreneurship Working Group Meeting in Indore
BRICS Youth Council Entrepreneurship Working Group Meeting held in Indore under India's 2026 BRICS Chairship to strengthen cooperation in entrepreneurship.
BRICS represents nearly half of world's popu
HCLTech Report: 43% Enterprise AI Initiatives May Fail
HCLTech releases its 2026 Enterprise AI Market Report based on a global survey of 467 senior executives.
The report finds 43% of major AI initiatives may fail due to execution gaps and compressed valu
Rashi Peripherals Q4 Revenue Surges 51% YoY
Rashi Peripherals reported Q4 FY26 consolidated revenue growth of 51% YoY to ₹4,489 crores with PAT up 65% to ₹87 crores.
Full-year FY26 revenue reached ₹15,827 crores (up 15% YoY) with PAT at ₹282 cr
Vratika Gupta, Nakul Aggarwal Spotlight Cannes 2026
Indian entrepreneurs Vratika Gupta (Maison Sia) and Nakul Aggarwal (BrowserStack) attended Cannes 2026 red carpet, highlighting global entrepreneurial presence.
Gupta’s luxury home décor brand and Agg
CL Educate Q4 FY26 Revenue Up 55% to ₹570 Crore
CL Educate reported 55% YoY revenue growth to ₹570 crore and 112% EBITDA growth to ₹69 crore for FY26, driven by DEXIT integration.
The company completed DEXIT integration, expanding into higher educa
LTM Named Leader in ISG SAP Ecosystem 2026 Report
LTM recognized as Leader in three SAP quadrants: S/4HANA Transformation, Business AI/BTP Services, and Application Managed Services.
ISG highlights LTM's AI-native approach, clean-core modernization,
KFin Technologies Launches AEGIX AI IR Platform
KFin Technologies launched AEGIX, India's first AI-native investor relations intelligence platform for listed companies.
The platform provides ownership analysis, market intelligence, investor targeti
Emagia Integrates Avalara E-Invoicing Compliance Natively
Emagia announces native integration of Avalara's tax compliance and e-invoicing capabilities into its Autonomous Finance platform.
The integration enables seamless global e-invoicing compliance across
Goyal Urges Industry-Government Collaboration for Reforms
Commerce Minister Piyush Goyal calls for industry-government collaboration to advance ease of doing business and achieve Viksit Bharat 2047 goals.
India's exports reached all-time high of USD 863 bill
India-Vietnam Defence Talks Sign AI & Quantum MoU
Indian and Vietnamese defence ministers held bilateral talks to deepen defence partnership, focusing on maritime security and industry collaboration.
The two nations signed an MoU in Artificial Intell
OnMobile Q4 FY26 Results: EBITDA Up 110.6% YoY
OnMobile reported FY26 EBITDA of INR 297 Mn, a 110.6% YoY increase, with margins expanding to 5.7% due to cost optimization.
The company's gaming subscriber base grew 34.5% YoY to 14.3 Mn, though FY26
India-Netherlands Strategic Partnership Roadmap 2026-2030
India and the Netherlands elevated their bilateral relationship to a Strategic Partnership, adopting a five-year roadmap from 2026-2030.
The partnership focuses on economic cooperation in semiconducto
India-Netherlands Strategic Partnership 2026-2030 Outcomes
India and Netherlands signed a Strategic Partnership Roadmap 2026-2030 covering semiconductors, green energy, and critical minerals.
TATA Electronics and ASML signed an MoU to support a semiconductor
TDB-DST Signs Five RDI Projects, Disburses ₹50 Crore
TDB-DST signed agreements for five high-impact RDI projects in battery tech, satellites, cell therapy, medical devices, and unmanned helicopters.
First fund disbursement of ₹50 crore released to Eyest
Ministry Convenes National AI Conclave for Minority Welfare
Ministry of Minority Affairs convened national conclave on AI-enabled governance for minority welfare programs.
Conclave focused on developing AI bots for efficient service delivery and Haj 2027 pilgr
India Assumes Common Criteria Development Board Chair 2026-2028
India nominated as Chair of Common Criteria Development Board (CCDB) from April 2026 to April 2028.
CCRA enables mutual recognition of IT security certificates across 20 authorizing and 18 consuming n
SNBNCBS Antiparallel Quantum States Measurement Advantage
Scientists discover antiparallel quantum states enable simultaneous measurement of three incompatible spin components.
Research published in Physical Review Letters shows advantage over parallel state
Infosys Ranked Top IT Services Provider in European Banking
Infosys ranked number one IT services provider for Banking in Europe and Financial Services in Nordics by Whitelane Research.
Company recognized as top three Exceptional Performer in Financial Service
LTM Named Market Leader in HFS IT Infrastructure Report
LTM recognized as Market Leader in HFS Horizons: Next-gen IT Infrastructure Services, 2026 report by HFS Research.
Report evaluates providers across AI readiness, hybrid architectures, regulatory comp
Google Breaks Ground on Vizag AI Hub
Google commenced construction on its $15 billion India AI hub in Visakhapatnam, developed in partnership with AdaniConneX and Nxtra by Airtel.
The gigawatt-scale AI ecosystem includes three data cente
Senthil Infotek 26% Open Offer at ₹8/Share
Mandatory open offer for 26% of Senthil Infotek Limited by Kolli Murali Krishna and Gogineni Srinivas at ₹8 per share.
Offer follows acquisition of 62.9% controlling stake from existing promoters at ₹