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Beyond just chats: Indian tech majors start bagging deals in GenAI space
Less than a year after ChatGPT was launched, Indian tech majors have started bagging generative AI …
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…
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…
Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools
Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…
IT biggies post 14-20% topline growth in Q3 as caution, optimism marks mixed earnings' commentary
The industry leaders said they are keeping a close watch on the global economy and cues. O…
PTI
Recession in the US may cool off attrition in IT sector along with revenues
After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…
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…
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 …
Stock markets inch close to 52-week highs as US inflation data cools
Sensex gained 1,000 points to 60,617 while Nifty50 rose by 290 points to 18,313 in early trade on F…
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 …
TCS, HCL Tech and Wipro ring the bell – It’s time to return to office
After over two years of work from home (WFH), Indian IT companies are “encouraging” employees to re…
IT majors cut down hiring by half despite high attrition
Three out of four major Indian IT companies have announced their Q2 FY23 results. While the demand …
TCS, Wipro & Infosys saw a massive selloff after Walmart & Target’s revenues fell — explaining the domino effect
Azim Premji owned Wipro fell by 5.7% on May 19 to touch its lowest point yet in a year. HCL and Inf…
Sensex snaps four-session winning streak with a 224 point fall
The 30-share index rebounded more than 1,200 points from the early lows before settling at 60,34…
PTI
TCS, Infosys, HCL Tech amongst top picks of analysts heading into the Q4 earnings season
India’s bellwether IT companies TCS and Infosys are all set to kick off the Q4 earnings season next…
Wipro, Tech Mahindra lead rout in IT stocks as recession risks loom
Frontline information technology companies have been under pressure from the start of the fiscal ye…
Worsening client profitability to impact IT demand says Jefferies
The decline in revenue in the IT sector during the fourth quarter was primarily attributed to a dec…
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…
Profit margins of IT companies must be under pressure for January-March quarter due to record hiring and salary hikes
The March quarter earnings season will begin next week with the results of major information techno…