IT sector adds fewer hands; BigBasket’s muted financials

Happy Friday! Hiring in India’s IT sector declined significantly in the April-June quarter. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Setu rejigs top shelf
■ SuperK raises funds
■ PhysicsWallah IPO gets Sebi nod

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Top six IT firms saw staff additions plunge 72% in Q1

India’s $280 billion sector experienced a sharp slowdown in hiring during the April-June quarter, with the top six IT companies adding just 3,847 employees in Q1 FY26.

Steep decline: This represents a nearly 72% drop from the 13,935 additions in the…