Infosys shares fell after reporting a 21% rise in profit, as its FY27 revenue growth forecast of just 1.5% to 3.5% landed below expectations. Investors were also rattled by concerns over headcount reduction and fewer new deals. While brokerages remain split between Hold and Buy calls, most have cut price targets, citing macro uncertainty and AI disruption risk.
In December, technology accounted for 51% of India’s white-collar job openings, its highest level since October 2022. But the hiring picture is still weak: overall tech hiring fell 26% year-on-year. Companies remain cautious over AI disruption and market uncertainty, while flexible roles now make up 31% of active tech postings.
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Indian markets finished higher on Tuesday, lifted by strength in banks, auto and metals. Lloyds Metals jumped on expansion plans, but Ola Electric and IDBI Bank fell after brokerage cuts and divestment concerns. IT stocks remained weak as investors refreshed fears of AI-led disruption, keeping sentiment cautious even with the overall index up.
Wipro reported Q4 net profit down 1.9% to Rs 3,502 crore while revenue rose 8%. Over fiscal 2026, annual revenue fell 1.6% in constant currency terms, mirroring TCS, as geopolitical uncertainties, AI-led disruptions, and slower deal ramp-ups continue to pressure growth.
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