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5 mins read

L&T Infotech profit remains flat as salaries eat up nearly two-thirds of its revenue

L&T Infotech reported flat profit growth in the June quarter despite a moderate increase in revenue…

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2 mins read

IBM may sell Watson Health business generating $1 billion annual revenue, says report

"Watson was one of IBM's highest-profile initiatives in recent years and a big bet on the grow…

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7 mins read

Happiest Minds is a smaller company that does the same thing as MindTree and L&T Infotech — but clearly it is doing it a lot better

Nomura believes this momentum will continue to build as a result of ramp up in deals and partn…

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6 mins read

Infosys reports a sequential decline in net profit, but increases revenue & margin guidance for FY23

India’s second largest IT services company Infosys reported a 5.7% sequential decline in its net pr…

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4 mins read

Wipro’s net profit drops 17% drop in Q1 as recession fears grip its non-US clients

Indian IT services major Wipro reported a 17% sequential drop in its net profit on recession fears.…

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3 mins read

It is attrition rates and not the wage hikes dampening Indian IT cos earnings

The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…

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5 mins read

Accenture’s disappointing Q1 and FY23 forecasts indicate more pain for the IT sector

Dublin-based tech major Accenture gave out disappointing guidance for the next quarter and fiscal y…

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3 mins read

Three month gap between Oxford vaccine jabs results in better efficacy, says study

"Vaccine supply is likely to be limited, at least in the short term, and so policy-makers mu…

PTI   


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2 mins read

The exodus of Mindtree executives has dented earnings and now shareholders are running for the hills — over to AM Naik

As the L&T veteran and a marquee business leader in India, AM Naik, takes over as the non-ex…

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2 mins read

Stock market ends the day with mixed performance; Sensex and Nifty close with gains

The stock market kicked off the trading week on a cautious note, experiencing a dip in key indices …

ANI   


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1 min read

US approves new eye drop which may eliminate the need for reading glasses

The US has approved a new type of eye drop which they say could eliminate the need for reading glas…

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4 mins read

TCS tumbles and drags down to Wipro, Infosys, Tech Mahindra and LTTS with poor earnings

TCS shares were the biggest losers on Nifty 50, as its stock went down by around 4.47% in early …

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6 mins read

One research firm says shares of Infosys, HCL Tech, and TCS may see another surge — here's why

The COVID-19 pandemic may have wreaked havoc on many industries but the IT sector exhibited extraor…

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1 min read

Thomas Cook India plans to raise up to ₹450 crore via preferential issue

Further, it said that as a result of the proposed issue, the board approved the increase in …

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1 min read

Nifty earnings may grow at 24% CAGR during FY21-23, says ICICI Direct report

It noted that corporate earnings gained momentum during the third quarter of FY21 as economic …

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2 mins read

Rising exports to China surge domestic cotton yarn prices, says India Ratings and Research

"While yarn production was substantially lower on a YoY basis up to 8MFY21, exports increased …

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1 min read

LTI Q3 net profit rises to Rs 376.7 crore

New Delhi, Jan 15 () IT company L&T Infotech (LTI) on Wednesday reported marginal increase in c…

PTI   


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2 mins read

Banks are spending a lot on tech but the money is not going to Indian IT biggies yet

Banks in the US and Europe are shelling out more money to step up their technology game. Yet, for I…