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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…
1 min read
Wipro lays off over 400 freshers for poor performance
IT giant Wipro has laid off more than 400 fresher employees for poor performance in internal assess…
2 mins read
New record: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark
Benchmark equity indices, the Nifty and the Sensex, hit record peaks in early trade on Monday, with…
PTI
1 min read
Nifty, Sensex extend gains for 2nd session on fresh foreign fund inflows; IT stocks shine
Benchmark stock indices, the Sensex and the Nifty, closed higher for a second straight day on Frida…
PTI
1 min read
Sensex, Nifty trade flat after early gains, IT stocks take the lead
Benchmark equity indices, the Nifty and the Sensex, traded flat in morning trade after climbing in …
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…
1 min read
Stock markets snap two-day falling streak; IT, oil shares advance
Indian benchmark stocks, Sensex and Nifty, rose on Monday, supported by gains in IT, oil, and gas, …
PTI
3 mins read
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 …
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 …
1 min read
Wipro shares climb nearly 3%; mcap jumps ₹5,933 cr
Shares of Wipro climbed nearly 3 per cent on Friday after the company's board announced a share buy…
PTI
4 mins read
HCL Tech beats Wipro to become India’s third largest IT company
Shiv Nadar's HCL Tech has beaten Azim Premji's Wipro to become the third largest IT company in Indi…
4 mins read
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 …
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
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…
2 mins read
Nifty, Sensex in the red for 2nd day running tracking weak global cues
Equity benchmark indices, the Nifty and the Sensex, declined in early trade on Thursday, falling fo…
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…
6 mins read
TCS retains No 1 spot as India’s top brand but tech sector takes a hit
The combined value of Kantar BrandZ’s top-75 Indian brands shed 4% of their value to $379 billion i…
2 mins read
Sensex, Nifty tumble in morning trade falling for 3rd day running
Benchmark equity indices, the Sensex and the Nifty, tanked in early trade on Thursday, falling for …
PTI
1 min read
Wipro to double fresher intake this year, promotions to be faster as employees are still jumping ship in hordes
The Bengaluru-based information technology (IT) giant Wipro just announced its financial performanc…
2 mins read
TCS, Infosys, Wipro continue their downward slide into a 52-week low
The fear of the US slipping into recession has imploded the valuations of Indian IT companies. The …