A federal judge, on Tuesday, said the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications
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Under the partnership, Wipro and Microsoft will jointly develop AI solutions for sectors such as financial services, retail, manufacturing, healthcare, life sciences and airports
In the past one month, TCS, Infosys, Tech Mahindra, HCL Technologies, LTIMindtree, Persistent Systems and L&T Technology Services have rallied between 9 per cent and 15 per cent.
Tech companies are, typically, at an advantage when the Indian Rupee depreciates against the Dollar
IT services company Wipro's USD 375-million acquisition of HARMAN's Digital Transformation Solutions (DTS) business unit has been completed following regulatory nods, according to a release on Tuesday. The DTS buy was announced on August 21, 2025, and, with the successful closure of the deal, it will begin operating as part of Wipro's engineering global business line, the Bengaluru-headquartered IT company said in its release. "The acquisition of DTS marks a significant milestone in Wipro's commitment to advance AI capabilities, engineering innovation and R&D excellence," the release said. It is pertinent to note that on August 21, Wipro said it has signed a definitive agreement to acquire a 100 per cent stake in the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, for a cash consideration of up to USD 375 million (about Rs 3,270 crore). Under the agreement, more than 5,600 DTS employees, including senior leadership, across the Americas, Europe, ..
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
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Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
Technical charts suggest that the IT index may gain another 5%, with heavyweights Infosys, TCS and HCL Technologies possibly rallying up to 17%. Wipro and Tech Mahindra, however, may see tepid trends.
Nuvama noted that IT services companies outperformed expectations in Q2, supported by stronger growth, margin expansion, and healthy deal wins
Since September 30, the Nifty IT index has outperformed the market by surging 6.4 pee cent as compared to a 4-per cent rise in the Nifty 50 index
Rishad Premji and Srini Pallia to lead Wipro's leadership team at NYSE on October 31 as the company celebrates 25 years of listing and 80 years since its founding
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Among individual stocks, Infosys has risen by 4 per cent, while Tata Consultancy Services (TCS) and HCL Technologies have risen by 5.8 per cent and 9.8 per cent, respectively thus far in October
Analysts remain mixed on IT stocks' outlook, with some cautioning that the optimism around the technology pack could be short-lived
Wipro's share price fell after its net profit was up 1.15 per cent compared to the same quarter last year
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
Wipro's Q2FY26 profit rose 1.15% to Rs 3,246 crore and revenue grew 1.7% to Rs 22,697 crore, supported by strong deal wins worth $2.9 billion and steady performance in BFSI