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India's IT services sector shows tentative signs of demand stabilization, with recent sequential revenue growth. However, the outlook for FY26 remains muted at 1.1% growth due to cautious client spending and the impact of AI. The information technology (IT) services sector in India is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains weak, noted in a report on India's IT services by Goldman Sachs. "While there are early signs of demand stabilisa ...Read More >
Bengaluru: Delhivery said it brought more than half of Ecom Express's volumes onto its platform after the acquisition received regulatory approval in June. It shifted all client contracts to what it described as "rational pricing." "The irrational pricing that existed in the market has been cleaned out, at least out of what was the erstwhile Ecom Express network," Sahil Barua, CEO, Delhivery said during the investor call on Friday. Delhivery bought Ecom Express for Rs 1,369 crore this year. "Cli ...Read More >
BENGALURU: Delhivery on Friday said it has brought more than half of Ecom Express's volumes onto its platform and shifted all client contracts to what it described as "rational pricing." The acquisition, which received regulatory approval in June and was completed in July for a final purchase consideration of Rs 1,369 crore, also involved a network rationalisation plan with the retention of seven facilities for long-term use. "The irrational pricing that existed in the market has been cleaned ou ...Read More >
Mumbai: HCL Technologies on Monday announced that it has reported a 10 per cent decline in its consolidated net profit for the first quarter (Q1) of FY26 at Rs 3,843 crore, compared to Rs 4,257 crore in the same quarter the previous year (Q1 FY25). Despite the drop in profit, HCL Tech posted an 8 per cent year-on-year (YoY) growth in its revenue from operations, which rose to Rs 30,349 crore from Rs 28,057 crore in Q1 FY25, according to its stock exchange filing. On a sequential basis, the topl ...Read More >
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