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2 mins read

HCL Tech surges on better than expected earnings, Wipro hits 52-week low on disappointing Q3 guidance

HCL Tech’s shares surged a day after the company raised its earnings guidance for FY23 after a stro…

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4 mins read

HCL Tech’s net profit rises 6.3% sequentially, company increases FY23 revenue guidance

Noida-based IT company HCL Technologies today reported a 6.2% increase in the second quarter net pr…

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1 min read

TCS shares climb over 3% after earnings announcement; Market valuation jumps Rs 40,360 crore

Shares of TCS on Friday climbed over 3 per cent after the country's largest IT services player repo…

PTI   


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Stock market today: Tech drives market rebound as investors brace for earnings and fresh data

Of the 14% of S&P 500 companies that have reported Q2 earnings results so far, 86% are beating prof…

Matthew Fox   


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5 mins read

Infosys, HCL Tech, TCS stocks rally on cooling US inflation data

Infosys, HCL Technologies, Tata Consultancy Services (TCS) and other IT company stocks rallied on F…

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Stock market today: US stocks trade mixed as tech losses deepen and investors await PCE

GDP grew above-expected last quarter, with the economy expanding 2.8%, per advanced estimates.

Jennifer Sor   


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11 mins read

America's tech battle with China is about to get ugly

America is beating Beijing in the global AI race — but Xi Jinping's attempts to develop the tech wi…

Linette Lopez   


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3 mins read

The new phase of the US-China tech war risks a whole lot of collateral damage

Both Joe Biden and Donald Trump look ready to risk unintended consequences as the US strives to con…

Hasan Chowdhury   


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3 mins read

Sensex, Nifty50 log declines to close the week in red – IT, PSU banks and energy stocks drag

India’s benchmark indices Sensex and Nifty50 logged a decline to end the week in red after selling …

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4 mins read

HCL Tech beats Wipro to become India’s third largest IT company

Shiv Nadar's HCL Tech has beaten Azim Premji's Wipro to become the third largest IT company in Indi…

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4 mins read

Sensex, Nifty50 edge up in morning trade led by banking and metal stocks

Benchmark indices Sensex and Nifty50 are likely to open on a firm note on Thursday despite mixed cu…

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6 mins read

The Houthis are getting smarter with their Red Sea attacks, and the ships sailing these waters are paying the price

The Iran-backed rebels have seen a string of successful attacks this month, striking a number of co…

Jake Epstein   


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2 mins read

HCL, Infy, TechM among top gainers as markets open sharply higher

Indian markets surged in early trade mirroring cues from global markets; and a fall in crude oil pr…

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1 min read

HCLTech to hire 1,000 people in Brazil, open next-gen tech centre

Tech firm HCLTech on Wednesday announced plans to hire 1,000 people in Brazil in the next two years…

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HCL acquires majority stake in vernacular edtech platform GUVI

IT major HCL on Thursday said it has acquired a majority stake in vernacular edtech platform GUVI -…

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3 mins read

Azim Premji and Shiv Nadar lose $20 billion of their personal wealth – thanks to the Great Indian IT meltdown

Fears of a global economic slowdown – worse yet, a recession – have caused a meltdown in IT compani…

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2 mins read

JPMorgan's quant guru has issued Wall Street's lowest S&P 500 price target for 2024

"While it is difficult to pin down the start date and depth of a recession ahead of time, we think …

Matthew Fox   


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HCL Tech reports over three-fold rise in net profit at ₹3,593 crore

HCL Tech expects revenue to grow between 12-14 per cent in constant currency for the fiscal 202…

PTI   


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4 mins read

Cognizant braces for slow year ahead, to cut 3,500 jobs and slash office spaces

The trend of weak quarterly numbers continued for IT services companies and the latest one to disap…

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Stock market today: Mega-cap tech drives S&P 500 and Nasdaq to record highs

Shares of Microsoft, Apple, and Broadcom all surged between 1.5% and 5% on Tuesday while Nvidia, Am…

Matthew Fox