STARTUP/TECHNOLOGY Hexaware Opens New Delivery Centre At GIFT City, Set To Create 1,000 Jobs

Global IT solutions and services provider Hexaware Technologies has expanded its presence in Gujarat with the inauguration of a new delivery centre at Gujarat International Finance Tec-City (GIFT City), strengthening its capabilities to serve banking, financial services and insurance (BFSI) clients worldwide. New hub for BFSI innovation The new centre will support Hexaware’s global BFSI […]

CW Bureau · Jun 13, 2026

STARTUP/TECHNOLOGY LTM To Buy Randstad Consulting Business In Europe And Australia

LTM, a global technology consulting and digital solutions company, through its wholly owned subsidiary LTIMindtree UK Ltd, has made an offer to acquire Randstad NV’s technology and consulting services business in France, Germany, Belgium, Luxembourg and Australia to strengthen its domain-led digital engineering and AI services capabilities. The business targeted for acquisition represents annual revenue […]

CW Bureau · May 22, 2026

STARTUP/TECHNOLOGY Hexaware Acquires UK-Based CPS To Strengthen Consulting, AI Businesses

Hexaware Technologies Ltd, a global IT services and digital solutions provider, has entered into an agreement to acquire Consulting Professionals Services Holdings Ltd along with its wholly owned subsidiary Consulting Professionals Services Ltd (CPS) for ₹140 crore to strengthen its consulting, AI and cloud transformation capabilities. The transaction is expected to close within two weeks. […]

CW Bureau · May 21, 2026

STARTUP/TECHNOLOGY Tech Mahindra Bets On BFSI Depth With Avant Techno Acquisition

Tech Mahindra through its wholly owned subsidiary Tech Mahindra Consulting Group is  acquiring a majority stake in Canada-based Avant Techno Solutions, signalling a calibrated shift towards domain-led transformation in the high-value BFSI segment. At a time when global financial institutions are re-architecting core systems amid regulatory change and digital disruption, the move positions Tech Mahindra […]

CW Bureau · May 1, 2026

STARTUP/TECHNOLOGY Mphasis Q4 PAT Rises 14% To ₹510 Cr; Revenue Up 14% To ₹4,247 Cr

Global AI-led, platform-driven technology solutions provider Mphasis Ltd reported a 14% increase in consolidated net profit at ₹510 crore for the March quarter compared with the year-ago period, driven by growth in BFS and insurance segments and ramp-up of large deals. Revenue grew 14% to ₹4,247 crore, with banking and financial services contributing ₹2,303 crore, […]

CW Bureau · Apr 30, 2026

STARTUP/TECHNOLOGY Coforge Closes Encora Acquisition; Drops QIP Plan, Raises $550 Mn Loan

Coforge, an AI-native engineering services company, has announced the successful closure of the Encora acquisition. The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a $550 million three-year loan at a 4.6% fixed interest rate. The repayment terms warrant the first payment […]

CW Bureau · Apr 23, 2026

STARTUP/TECHNOLOGY HCLTech Revenue Rises 3.9% CC In FY26 Led By Demand For Advanced AI

Deal wins at $9.3 billion; FY27 guidance at 1–4% amid uncertain demand HCLTech, a global technology company, reported a 3.9% growth in revenue for FY26 in constant currency (CC), reflecting resilience amid a challenging demand environment. Revenue in dollar terms rose 6% to $14.7 billion, while services revenue grew 4.8%, led by IT and Business […]

CW Bureau · Apr 22, 2026

STARTUP/TECHNOLOGY Wipro Snaps Up Alpha Net Contracts For $71 Mn To Boost AI-Led Growth

Wipro Limited, through its subsidiaries, has signed a definitive agreement on April 14, 2026, to acquire select customer contracts of US-based Alpha Net Consulting LLC and its subsidiaries for a total consideration of up to $70.8 million. Structured deal with performance-linked earnout The total purchase consideration includes a deferred component in the form of an […]

CW Bureau · Apr 15, 2026

STARTUP/TECHNOLOGY TCS Renews Multi-Year Strategic Partnership With Marks & Spencer

Tata Consultancy Services Ltd (TCS), a global leader in IT services and consulting, has renewed its multi-year strategic partnership with Marks and Spencer plc (M&S), extending a decade-long collaboration. Driving digital transformation The renewed engagement will see TCS continue as M&S’s strategic technology partner as the British retailer advances its technology transformation journey. As part […]

CW Bureau · Apr 9, 2026

STARTUP/TECHNOLOGY TCS Net Rises 1.3% To ₹49,454 Cr In FY26; Revenue Up 4.6% ₹2,67,021 Cr

Tata Consultancy Services Ltd (TCS), India’s largest IT services exporter, reported a marginal 1.3% increase in net profit at ₹49,454 crore for FY26 compared with the previous year. Revenue growth steady Revenue from operations rose 4.6% to ₹2,67,021 crore from ₹2,55,324 crore. The results included exceptional items such as the statutory impact of new labour […]

CW Bureau · Apr 9, 2026