New Delhi, Jan. 26 -- Good morning,

Happy Republic Day!

India's IT heavyweights are popping champagne again. After a lull, billion-dollar contracts are back on the table, with Tata Consultancy Services Ltd., Infosys Ltd. and Cognizant Technology Solutions Corp. clinching three mega deals in a single quarter-the most in nine quarters. On the surface, it looks like a comeback. Look closer, and it's a turf war.

These deals aren't about a sudden surge in demand. They are about consolidation. Global enterprises, under pressure to cut costs, are shrinking their vendor lists and betting big on fewer, longer, AI-led transformation partnerships. For Indian IT firms, that means winning often comes at a rival's expense. Same clients, same budgets...