Coforge has acquired US data analytics firm Encora for $2.39 billion, the largest deal in India's IT services sector. This acquisition aims to boost Coforge's annual revenue to $2 billion by the next fiscal year, driven by anticipated AI benefits. HCLTech also made two AI and data analytics acquisitions totaling $400 million. These moves occur as major firms like Accenture and TCS report significant AI revenue, indicating client willingness to invest in AI services. However, market reactions to these deals remain mixed, with questions persisting about the long-term growth and sustainability of IT services in the age of automation.