Indian IT services provider Coforge said on Friday it would acquire U.S.-based Encora from Advent International at an enterprise value of $2.35 billion.

The move marks the largest example of executive assistants roles at big four firms being sent overseas,

Indian mid-tier software firm Mphasis has filed a lawsuit against rival Coforge in a U.S. court, ​claiming that the latter had hired its executives in ‌violation of contract restrictions and gained access to confidential client information.

India Inc spent $18bn on global buyouts in 2025 and the deal value could cross $15bn in the first half of 2026.

Coforge Unveils EvolveOps.AI: Next-Gen Agentic AI Platform for IT Operations

Indian IT services firm Coforge reported a better-than-expected 86% surge in second-quarter profit as client spending picked up across the sector.

India's Coforge said on Friday it had secured a five-year ​contract worth more than $230 million with ‌a major European client, without naming the customer, for an AI-led business transformation ​program.

Indian mid-tier IT services firm Coforge is betting that a healthy order book will help it top the $2 billion revenue target for the financial year 2027, chief executive Sudhir Singh said.

India's Coforge posted fourth-quarter profit below estimates, as the IT services company was hurt by increased expenses.

## Introduction Coforge is seeking a highly skilled **Lead Developer – PHP** to join our team in Greater Noida. If you have extensive experience in PHP frameworks like Laravel and Symfony, along with expertise in Java Spring Boot, this role offers a fantastic opportunity to lead a team and work on innovative web applications. ## Table of Contents * About Coforge * Role Overview * Key Responsibilities * Qualifications & Skills * Why Join Coforge? * How to Apply ## About Coforge Coforge is a global IT solutions company specializing in digital transformation, AI-driven automation, and cloud technologies. We are committed to delivering top-tier solutions and fostering a culture of innovation and excellence. ## Role Overview The **Lead Developer – PHP** will be responsible for overseeing web application development, leading a team of developers, and ensuring high-quality code standards. This is a full-time, office-based role in Greater Noida. ## Key Responsibilities * Lead a team of developers in designing, developing, and maintaining web applications. * Manage the full software development lifecycle, from planning to deployment. * Collaborate with cross-functional teams to define project requirements and architecture. * Conduct code reviews to ensure high performance, security, and maintainability. * Provide mentorship and technical guidance to junior developers. * Identify and resolve complex technical issues efficiently. * Stay updated on emerging technologies and best practices in web development. ## Qualifications & Skills ### Minimum Requirements * 7-10+ years of experience in PHP development. * Proficiency in PHP frameworks such as Laravel and Symfony. * Strong knowledge of Java Spring Boot and its ecosystem. * Expertise in web technologies: HTML, CSS, JavaScript, and AJAX. * Experience in designing and implementing RESTful APIs. * Solid understanding of database systems. ### Preferred Skills * Experience in cloud computing and DevOps practices. * Knowledge of microservices architecture. * Strong problem-solving and analytical skills. * Ability to work in a fast-paced, agile environment. ## Why Join Coforge? * Opportunity to work on cutting-edge web applications and cloud-based solutions. * Lead a team of talented developers in an innovative environment. * Attractive compensation package and career growth opportunities. * Access to continuous learning and professional development programs. ## How to Apply If you meet the qualifications and are ready to take your career to the next level, apply now for the **Lead Developer – PHP** position at Coforge in Greater Noida. **APPLY NOW**

Indian mid-tier software firm Mphasis has filed a lawsuit against rival Coforge in a U.S. court, ​claiming that the latter had hired its executives in ‌violation of contract restrictions and gained access to confidential client information.

Coforge faces a boardroom crisis after an internal audit found that its chairman’s lowest evaluation rating was withheld from the board. Here is what happened.

Indian IT services companies are facing rising structural pressure as generative AI speeds up software development and changes the economics of traditional technology services, according to a September 15 report by Nirmal Bang Institutional Equities. The brokerage said large-cap IT services firms, excluding Tech Mahindra, posted average sequential constant-currency growth of 0 per cent, in line with concerns it had flagged earlier. Advertisement The brokerage said several major companies have cut growth guidance. Accenture lowered its guidance to 3-4 per cent from 3-5 per cent, EPAM reduced its constant-currency growth outlook to 2-3 per cent from 2.5-5 per cent, and Infosys narrowed its guidance to 1.5-3 per cent from 1.5-3.5 per cent. According to Nirmal Bang, these cuts reflect growing compression and competitive pressure in traditional IT services, making it harder for companies to sustain both revenue growth and high margins. Nirmal Bang also said employee additions at large-cap IT companies remained broadly flat, with total headcount rising just 0.1 per cent on average. It said this indicates relatively low exposure to AI-led services delivery. Mid-cap IT services companies, however, performed better than their large-cap peers, broadly in line with the brokerage’s expectations. It said smaller market share leaves them...

Motilal Oswal expects tier-2 companies to continue to outpace tier-1 firms in growth during the quarter.

India Inc spent $18bn on global buyouts in 2025 and the deal value could cross $15bn in the first half of 2026.

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India Inc spent $18bn on global buyouts in 2025 and the deal value could cross $15bn in the first half of 2026.

The brokerage highighted that Coforge's strong deal wins, continued execution, improving cash conversion, and further margin upside from the Encora integration support our medium-term growth outlook.

The Indian stock market on December 04 witnessed a session marked by active sectoral rotation and distinct movements in individual scrips, reflecting a complex interplay of domestic factors and global cues. While the broader indices navigated a somewhat volatile path, the real story unfolded within specific pockets, where strong buying interest propelled certain stocks to significant gains, even as others succumbed to profit booking or underlying pressures.