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3 mins read
Tech stocks zoom despite tough times ahead as TCS meets street estimates
Almost all the top tier IT stocks were trading in the green in Thursday early morning trade after T…
4 mins read
Wipro Q2 net profit rises 3.7% to ₹2,659 cr sequentially, but isn’t as optimistic about Q3
IT services major Wipro today reported a 3.7% sequential increase in its second quarter net profit …
5 mins read
Infosys slashes FY24 growth guidance by more than half as clients defer decisions, starting dates
Infosys has cut its revenue guidance for the financial year by more than half. The company said on …
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.…
5 mins read
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…
5 mins read
Hiring in the IT sector plunges by 66% in FY23
Indian IT companies have significantly slowed down the pace of hiring in FY23 as concerns of an eco…
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…
1 min read
Sensex, Nifty rebound in early trade led by Reliance Industries
Benchmark equity indices Sensex and Nifty rebounded in early trade on Wednesday supported by buying…
PTI
4 mins read
Tech stocks tumble after Accenture guidance signals weak demand ahead
India’s tech stocks pack slipped down a slippery slope on Friday morning trade after tech major Acc…
3 mins read
Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’
In spite of the many startups laying off employees since last year, the Indian IT sector has so far…
5 mins read
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 …
2 mins read
Sensex declines 352 points on profit taking, weak global trends
Closing in the red for the second straight session, benchmark Sensex on Monday declined 352 points …
PTI
5 mins read
India’s IT sector likely to face macro headwinds until end 2023, say analysts
India’s information technology services companies have been struggling amid heightened fears of rec…
5 mins read
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…
4 mins read
Tech Mahindra’s Q3 net profit slips 5.2% on year to ₹1,297 crore
India’s sixth-largest IT services company Tech Mahindra reported a 5.2% decline in consolidated net…
4 mins read
Competitive intensity a big risk for DMart say analysts after company misses Street’s Q3 forecast
Post the Q3 earnings of Avenue Supermarts, analysts have flagged concerns due to increasing competi…
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…
2 mins read
Sensex and Nifty open in the green: Wipro, M&M and Bajaj Auto top gainers
The Sensex opened 73.11 points up at 72,517.06, while the Nifty began 42.50 points higher at 22,082…
ANI
1 min read
Wipro Q2 consolidated profit up by 17% to ₹2,930.6 crore
Wipro said that it has surpassed $10 billion (around ₹75,300 crore) annualised revenue run rate…
PTI
2 mins read
Sensex closes above 73,000, Nifty above 22,000 for the first time led by IT stocks
Indian benchmark indices Nifty 50 and Sensex posted record close on Monday, January 15, led by Reli…