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The Latest Breaking News from Mphasis

Blackstone pledges entire Mphasis stake to refinance loan

Singapore-based promoter entity BCP Topco IX Pvt Ltd, a Blackstone subsidiary, has pledged its holding to refinance its existing loan, with a fresh facility of up to $550 million from a consortium of global lenders.

The Economic Times

Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why

Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why

IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.

The Economic Times

IT services giants in a bind as mid-caps soak up the revenue

IT services giants in a bind as mid-caps soak up the revenue

Mid-tier IT services firms are outperforming larger rivals in revenue growth, driven by a focused approach on specific growth areas like cloud engineering and AI. Companies like Coforge and Persistent Systems are leveraging leaner structures and domain expertise to win clients, often through flexible pricing and outcome-based models.

The Economic Times

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India crowns Meta AI; More layoffs hit tech

India is now the ground zero for Meta’s AI push, WhatsApp chief Will Cathcart told us. This and more in today's ETtech Top 5.

The Economic Times

Mphasis playing host to a high-stakes game of executive musical chairs

Mphasis faces a wave of senior executive departures. Over a dozen high-performing leaders have left since 2025 for competitors such as Coforge and Tenarai. Some executives are reportedly taking other talent with them. Mphasis is actively hiring to counter these losses. The company has also initiated legal action against Coforge…

The Economic Times

How Bengaluru’s Museum of Art and Photography is making its space inclusive for people with disabilites

How Bengaluru’s Museum of Art and Photography is making its space inclusive for people with disabilites

One lakh saplings in 11 acres: New botanical garden in Tumakuru to feature dense forest patch

This green intervention of native species would be able to absorb 21,00,000 kilograms of carbon and

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