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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…
3 mins read
After HDFC twin merger, L&T might merge Mindtree and LTI to create a $22 billion IT company, says a new report
After the merger of HDFC Bank and HDFC, the street might witness another merger of two major compan…
3 mins read
All decks cleared for L&T’s share buyback as co turns debt free
L&T said in its annual report that it has become debt free after considering cash and cash equivale…
6 mins read
TCS, Infosys, L&T triplets tank on US troubles — wiping $10 billion off tech wealth
Indian tech giants TCS, Infosys, L&T's tech triplets and other stocks tanked, reflecting a global m…
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.…
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 …
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…
2 mins read
Horlicks and Boost maker HUL sees slowdown in food segment in the last three months
Although the company reported 9% year-on-year growth in net profit to ₹2,187 crore as against ₹2…
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 …
4 mins read
Why TCS, Infosys, Wipro and HCL Tech can expect better earnings this year — here’s what’s working for each one of them
Five of the seven Indian IT companies, analysed by broking firm Motilal Oswal, have seen an earn…
4 mins read
HCL Tech and Tech Mahindra may post better earnings as Euro bank crisis affects Infosys, Wipro
The third quarter of the financial year is seasonally weak for IT companies, for some more than oth…
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…
2 mins read
IT biggies spent 62% of revenues on wages in FY22, salary bill at ₹3 lakh crore
Top companies like TCS, Infosys and Wipro have been consistent in how much they pay to their employ…
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…
4 mins read
A startup that could ‘either be a hero or zero in 2 years’ gets no funds on Shark Tank India S2
Kolkata-based GunjanApps Studios develops educational games for kids aged between 1.5-12 years.In F…
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…
1 min read
ABC News tops App Store charts in Australia after Facebook's news ban
ABC News currently sits at number 2 in the App Store's overall app rankings in Australia, acco…
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…
4 mins read
JustDial can’t beat Google and it should stop trying to, say analysts
While many other digital businesses like Zomato, Nykaa and Paytm have recovered from the impact of …
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…