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The Latest Breaking News from Mphasis

Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment

Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about…

The Economic Times · Sep 15

HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?

Indian IT stocks surged sharply, led by gains in largecap names, after Nvidia’s strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector.

The Economic Times · Aug 28

IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why

CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.

The Economic Times · Aug 19

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TCS, Infosys and other Indian IT stocks rise up to 4% after AI worries trigger Kospi selloff

Indian IT stocks climbed despite a sharp sell-off in Asian chipmakers, as investors positioned for Q1 earnings. Indian IT stocks have had a rough ride in recent months because investors worry that AI could hurt billing growth, reduce manpower-linked revenue and force companies to pass productivity benefits to clients. With…

The Economic Times · Jul 7

The Q1 verdict: Can TCS, Infosys, other IT results stop a Rs 17 lakh crore AI-led rout?

India's top IT firms like TCS and Infosys face a crucial earnings season after a massive Rs 17 lakh crore market value erosion. Analysts anticipate muted results and weak future guidance, citing client spending slowdowns, pricing pressures, and the disruptive impact of AI. Investors are keenly watching if current valuations…

The Economic Times · Jul 6

Infosys, TCS and other IT stocks jump up to 5% on dip buying. Is the worst over?

IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%. The recovery lifted sentiment after the sector…

The Economic Times · Jul 2

India has Rs 95,000 cr addressable market for assistive tech by 2030: NCPEDP

India's assistive technology market could reach Rs 95,000 crore by 2030 with a dedicated national policy, experts revealed. This sector, crucial for persons with disabilities and the elderly, promises innovation and job creation. A new white paper highlights the need for a coordinated approach to overcome access and service delivery…

The Economic Times · Jun 24

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After cloud spending, IT companies see 'token maxxing' as AI's next cost challenge

IT firms are flagging a new AI challenge: 'token maxxing,' where companies prioritize AI usage metrics over actual business results. This trend, akin to past cloud spending issues, sees token consumption treated as value. Experts emphasise tracking AI's impact on workflows and outcomes, not just its input.

The Economic Times · Jun 22

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 · May 21

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 · May 18

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 · May 15

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 · May 14

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 · May 14

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

The Hindu · Sep 22, 2023

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The Hindu · Sep 7, 2022

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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