Mphasis
Coforge races ahead in Q1, Mphasis treads carefully
Divergent sector exposures and contrasting views on artificial intelligence lead to starkly different fiscal road maps for the two IT services firms.
4 min read28 Jul 2026When pay ceiling catches up with IT firms' stock-rich CEOs
Stock awards accumulated over years are set to lift CEOs' reported pay above the statutory remuneration ceiling at some IT services firms, calling for shareholder nod. While the firms say it is only about accounting, investors are increasingly scrutinizing executive compensation and disclosures.
6 min read23 Jul 2026Mphasis board sets AI-era goals: have ample cash, be future-proof
The Mphasis board has urged the management to future-proof the business and protect market share to counter the disruption being caused by AI. CEO Nitin Rakesh remains optimistic about growth despite headwinds and the shifting competitive landscape.
4 min read28 May 2026Mphasis to Glenmark - Jay Thakkar suggests 3 stocks to buy or sell for short-term in F&O segment
The Indian stock market is set to open lower, with the Gift Nifty at 23,882, down 97 points. Benchmark indices fell on profit-taking and rising crude oil prices, leading to cautious sentiment. Nifty 50 faces immediate hurdles at 24,100 and support at 23,800.
4 min read27 May 2026Blackstone pledges all its Mphasis shares to raise $700 million and refinance loan
Blackstone has pledged its 30.55% stake in Mphasis Ltd to refinance a loan, raising at least $700 million. This marks the first instance of an IT services company owner using shares as collateral for loans, amid declining stock prices in the sector.
2 min read20 May 2026Mphasis sues Coforge in US court over employee hiring, client exposure claims
Blackstone-owned Mphasis has alleged that rival Coforge recruited its employees in breach of contractual restrictions and gained access to confidential client information tied to Charles Schwab, intensifying scrutiny over non-compete enforcement in India’s IT services sector.
4 min read6 May 2026IT stocks slide up to 2% after Jefferies warns AI pain isn’t over; Infosys, TCS among six downgraded
Among the IT pack, Mphasis emerged as the top loser, dropping 2.5% to ₹2,314.30, followed by Infosys and Wipro, which fell nearly 2% each.
2 min read23 Feb 2026Coforge, Mphasis defy seasonality, beat market expectations in Q3
India's seventh-largest IT company Coforge ended the third quarter with $478.2 million in revenue, up 23% on a yearly basis, while eighth-largest Mphasis racked up $451.2 million in revenue in the quarter, up 7.66% year-on-year.
3 min read23 Jan 2026Indian IT firm Mphasis counts on banks to power revenue growth, CEO says
MPHASIS-GROWTH/:Indian IT firm Mphasis counts on banks to power revenue growth, CEO says
1 min read6 Nov 2025Mphasis to Cyient - These IT stocks will remain unaffected by H-1B visa fee hike. Here's why
IT companies like Mphasis, Cyient, Coforge issued their clarifications on Sunday evening, describing their impact of ongoing H1-B visa fee on financial performance.
2 min read22 Sep 2025Wait for it…
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