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4 mins read
Mid-tier IT companies expected to outperform the big guns
Indian mid-tier IT companies, including L&T Technology Services, Persistent Systems, and Coforge, a…
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…
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
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
Wipro sees FY23 revenue growth at 11.5-12%, Q3 profit growth beats analyst expectations
Indian IT services company Wipro said on Friday that it expects its constant currency revenue to gr…
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 …
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 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…
3 mins read
Street unaffected by Infy’s guidance cut; lack of bad news charges up tech stocks
Five top tech stocks – Infosys, TCS, Wipro, LTI Mindtree and TechMahindra were the lead gainers on …
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 …
2 mins read
Auto and banking stocks drive Sept quarter earnings as market gurus upgrade FY24 estimates
Earnings of India’s top 50 listed companies delivered stellar earnings during the September quarter…
2 mins read
Sensex, Nifty50 tumble over 1% on sell-off in HDFC twins
Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged …
PTI
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
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
3 mins read
Wipro CEO says dollar revenue will grow 2-4% in the next three months
Wipro’s management guidance for the March quarter is that the revenue from its IT services business…
2 mins read
ICICI Pru Life Q2 net declines 55% to ₹199 cr
ICICI Prudential Life Insurance Company (ICICI Pru) on Saturday reported over 55 per cent dip in it…
PTI
4 mins read
Bajaj Auto Q4 net profit falls 2% YoY to ₹1,433 crore
Bajaj Auto’s Q4 standalone net profit fell to ₹1,433 crore, down by nearly 2% YoY. Rising input cos…
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…
2 mins read
UltraTech Cement’s Q4 net profit falls 32% to ₹1,666 crore, declares dividend
UltraTech Cement’s Q4 net profit fell 32% to ₹1,666 crore as compared to ₹2,461 crore in the same q…
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…