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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…
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…
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…
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…
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.…
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…
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…
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
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…
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
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…
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 …
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…
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 …
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 …
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 …
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
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…