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Stock market closing 12 July: Sensex closes past 80k, IT and media sectors make most gains
Out of the 2,765 stocks traded during the day, 1,108 saw advances while another 1,577 saw declines.…
Stock market 12 July: Sensex inches up over 80k, LTI Mindtree, Tata Steel, BPCL take early lead
LTI Mindtree took a significant lead of over 2% in early morning trade. Tech Mahindra, Tata Steel, …
LTIMindtree Q2 net profit declines as profit margin contracts
The country's sixth biggest IT services company by revenues, LTIMindtree, reported a decline in Sep…
PTI
IT sector Q1 earnings preview: All eyes on deal wins, revenue guidance cuts
Analysts expect top tier IT companies in India to report flat to slight decline in revenue growth f…
Mindtree’s Q2 net profit rises 7.9% sequentially to ₹509 crore
Bengaluru-based Mindtree’s net profit in the September quarter rose 7.9% sequentially to ₹509 crore…
Mindtree's operating profit goes up over 20% sequentially, as the Bengaluru-based IT services firm gets highest ever order book
In dollar terms, net profit rose by 64.7 per cent to USD 46.5 million while revenue grew by 22.6…
PTI
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…
Brokerages not rattled by big 3 IT players' tepid Q2 performance
The Indian IT sector has kicked off the Q2 earnings season on a somber note. The Big 3 tech compani…
Mindtree's share jumped by over 2% after quarterly profits hit $27.7 million
On the NSE, it climbed 2.37 per cent to close at Rs 884.90.
In terms of the traded volume,…
PTI
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…
COVID-19: Mindtree sees high single-digit decline in dollar revenue growth during Q1
"COVID-19 outbreak has been creating unprecedented level of uncertainty with major economies virtu…
PTI
December quarter likely to be a weak one for the IT sector – Infosys amongst top analyst picks
As India’s largest IT company, Tata Consultancy Services (TCS) gets ready to kick off the earnings …
US-based peer Accenture’s uptick in FY22 outlook gives hopes to IT firms in India; Infosys, Wipro, TCS gain
While the market momentum is weak on Friday, information technology (IT) company stocks are the out…
Mindtree Q3 net profit up 3 pc to Rs 197 cr
New Delhi, Jan 14 () IT firm Mindtree on Tuesday reported a 3 per cent rise in consolidated net pro…
PTI
Vehicle price hikes to limit impact of rising input cost on OEMs, says India Ratings and Research
"The vehicle price hikes coupled with the cost rationalisation measures taken by OEMs to count…
Indian edtech startup Supernova raises $1.1 million in pre-seed funding even as Indian startup funding hits a 2-year low
Indian edtech startup Supernova raises $1.1 million in pre-seed funding even as Indian startup fund…
Here's why analysts expect HCL Tech will outperform TCS, Infosys, and Wipro
The third quarter is generally not the strongest quarter of the year for most IT companies. Earni…
Indian IT sector is slowing down and TCS, Infosys, etc may post worst Q2 performance results in 10 years
Due to slow growth in banking and financial services, the top five Indian IT firms are expected to …
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…
Stock market today: Sensex, Nifty open in red, media slips by 2% as IT manages marginal lead
In early morning trade, LTI Mindtree, Axis Bank, Infosys, Wipro, and Tech Mahindra gained significa…