Prominent brokerage firm JPMorgan has revised its outlook on the information technology sector, shifting from a previously pessimistic stance to a more balanced ‘neutral’ position. This adjustment is motivated by anticipations of a shift in the stance of the US Federal Reserve towards rate cuts, coupled with a favorable base. In line with these expectations, …
IT giants Infosys, Wipro and Tech Mahindra are likely to see a decline in their respective year-on-year (YoY) and quarter to quarter (QoQ) revenue in the December quarter, according to a report by Kotak Institutional Equities. “We expect a weak quarter for IT Services companies as furloughs, weak discretionary spending and project cuts impact performance. …
As Sensex touched its all-time high, crossing the 71,000 points mark on Friday hours before the markets closed for the week, the Nifty IT index also touched a new record high for the second day in a row, crossing 2,300 points since Wednesday. BSE Sensex and NSE Nifty have been showing record growth as IT …
Wipro Ltd’s founder chairman Azim Premji has expressed displeasure about the way the country’s fourth-largest information technology services company is being steered to executive chairman Rishad Premji and chief executive Thierry Delaporte, four people aware of the development said. Wipro Ltd’s founder chairman Azim Premji has expressed displeasure about the way the country’s fourth-largest information …
BENGALURU :The departure of Wipro Ltd’s head of large deals Stephanie Trautman was hastened by the inability of the country’s fourth-largest information technology (IT) services firm to win a single mega deal in the last three years, even as three of the larger rivals bagged at least nine contracts valued at more than $1 billion …
Reliance Industries (RIL) maintained its position as the most-valued firm, followed by Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever (HUL), Bharti Airtel, ITC, State Bank of India (SBI), and Bajaj Finance. Also Read | IREDA IPO: Check today’s GMP, allotment status, listing date, and other details Gainers and Losers RIL took …
Tata Consultancy Services (TCS) has announced a buy back of up to 4.10 crore fully paid-up equity shares at ₹4,150 a share for an amount equivalent to ₹17,000 crore. It will represent 1.12 per cent of the total paid-up equity share capital. This is TCS’ fifth buyback of shares in the last six years. Prashanth Tapse, Research …
TCS buyback: Indian IT major Tata Consultancy Services (TCS) fixed the record date for its ₹17,000 crore share buyback plan on 25 November, the company said in its stock exchange filing on Wednesday. The IT major, on October 11, had announced to buyback up to 4,09,63,855 fully paid-up equity shares of face value of ₹1 …
tock Market| Share Market Updates – Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 10 November 2023. You have updates ALL UPDATES November 10, 2023 16:21 Market updates: Rupee falls 4 paisa to settle at all-time low of 83.33 against US dollar The rupee declined …
Image Source : FILE Business stock exchange building Indian domestic equities started the trading session on a positive note but quickly transitioned to flat terrain following muted second-quarter (Q2) results from Tata Consultancy Services (TCS). The BSE benchmark Sensex initially gained 19.66 points, equivalent to a 0.03% increase, reaching 66,492.71. In parallel, the broader NSE …