Indian firms cut fresh visa registrations as extensions, transfers, and local hiring gain ground
NITES said the affected students and engineers received offer letters in July 2025 and completed subsequent recruitment requirements but are yet to get joining dates.
IT stocks in demand: Tata Consultancy Services (TCS), Tech Mahindra, LTM, HCL Technologies and Mphasis gain 3 per cent each in intra-day deals on Friday.
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
As part of the collaboration, the IT services company has created a dedicated Databricks business practice to develop industry-specific AI solutions and accelerators
The acquisition, Wipro Consumer Care's 16th globally and second in the Philippines, will add brands including KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne
However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.
Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.
Reliance Industries, JSW Steel, Federal Bank, Oberoi Realty, Tata Tech among top stocks slated to post their Q1 results today.
The IT services major reported marginal profit growth in Q1 FY27, while issuing cautious revenue guidance amid an uncertain demand environment and weak deal ramp-up
Gains in IT index were led by large-cap IT stocks, with HCLTech, LTIMindtree and Persistent Systems among the key contributors
Q1FY27 company results: Firms including Jio Financial Services, ITC Hotels, Ceat, Polycab India, Piramal Finance, and South Indian Bank are also to release their April-June earnings today
Wipro, Tech Mahindra, Jio Financial Services, BHEL and ITC Hotels among the top companies slated to post their April-June quarter earnings today.
Wipro Chairman Rishad Premji said IT services firms can use their deep understanding of clients' processes and systems to unlock efficiency, innovation and AI-led growth
Wipro Q1 results preview, interim dividend: Along with its Q1 results, Wipro's board may also recommend an interim dividend for shareholders, according to an exchange filing.
At 12:44 PM on Monday, the Nifty IT index was the top gainer among sectoral indices, up 4.24 per cent, as compared to 0.01 per cent rise in the Nifty 50.
At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.
Here's what leading brokerages expect from India Inc. in Q1-FY27 and a deep dive into expectations across companies in the frontline sectors.
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.
The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.