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2 mins read
Wipro shares jump nearly 14% post-Q3 earnings; mcap climbs ₹18,168 cr
Shares of Wipro on Monday jumped nearly 14 per cent, adding Rs 18,168.68 crore to its market valuat…
PTI
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…
4 mins read
Slowdown in FMCG market bottomed out, rural markets show signs of improvement: HUL
FMCG major Hindustan Unilever on Thursday missed market expectations with a 10% rise in net profit …
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…
2 mins read
Wipro Consumer acquires 3 soap brands Jo, Doy and Bacter Shield from VVF
"The acquisition will be a strategic expansion for Wipro in the personal wash segment," said a …
PTI
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…
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
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
Zoho to double down R&D but keep tech hiring ‘slow’
Sridhar Vembu of Zoho said that no other company has built a billion dollar product company in Indi…
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.…
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 …
5 mins read
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…
2 mins read
Slowdown in hiring by IT companies to continue at least till March 2024
India’s technology services sector, which has been the engine of white collar jobs in India, is slo…
4 mins read
Tech Mahindra’s Q2 net profit falls 4% to ₹1,285 crore
India’s sixth largest IT services company Tech Mahindra today reported a 4% decline in consolidated…
3 mins read
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…
4 mins read
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 …
4 mins read
HCL Tech’s net profit rises 6.3% sequentially, company increases FY23 revenue guidance
Noida-based IT company HCL Technologies today reported a 6.2% increase in the second quarter net pr…
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…
2 mins read
Wipro showcases best Q4 results in a decade and eyes double digit growth next year
Wipro just posted its best-ever fourth quarter results in a decade, according to CEO Thierry Delapo…