Tag: IT services
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