Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
Wipro share price today: Wipro was the only gainer in the Nifty IT index, which slipped 1.7 per cent.
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Company's board to evaluate buyback proposal alongside Q4 results amid weak stock performance and concerns over AI-led disruption in IT services
All 10 constituents of the Nifty IT index were trading sharply higher. Mphasis, Wipro, Oracle Financial Services Software, HCL Tech, and TCS rose over 2 per cent each
Eight-year deal with Singapore's Olam Group boosts revenue visibility and AI-led capabilities, alongside $375 million acquisition of IT arm Mindsprint
The buying on the counter came after Wipro secured a multi-year strategic transformation deal with Olam Group.
Beyond $90/bbl is when the decline steepens and things worsen as inflation starts eating into savings, impacting spend that gets especially bad for consumer sectors, Bernstein said in a recent note.
IT Q4 results preview: While the recent sharp depreciation of INR against the USD is likely to provide a significant cushion to earnings, the focus has shifted toward FY27 guidance
Earlier in FY20, the benchmark Sensex tanked 23.8 per cent due to the outbreak of the Covid-19 pandemic, while the Nifty 50 crashed 26.03 per cent.
In the morning deals, the domestic currency hit a new low at 96.16 against the US dollar
Individually, Mphasis shares were up 3.15 per cent, followed by Infosys, Tech Mahindra, Persistent Systems, HCLTech, Oracle Financial Services Software, and LTIMindtree up over 2 per cent.
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Wipro on Monday announced expansion of its business operations in South Korea, with a larger office footprint in Seoul and the launch of an Innovation Lab. With the launch of the Seoul Innovation Lab, Wipro now operates nine such facilities globally. The new lab will focus primarily on technology, automotive, and industrial sectors, supporting use cases such as intelligent product engineering, software-defined vehicles, smart manufacturing, supply chain optimisation, and AI-enabled operations. "Wipro Limited...announced the expansion of its business operations in South Korea, reinforcing the country's position as a strategic growth market for Wipro. The expansion includes an enlarged office footprint in Seoul, the launch of a new Innovation Lab, as part of the Wipro Innovation Network (WIN), and continued investment in local talent to support South Korean clients locally and globally," the Bengaluru-headquartered IT company said in a release. The latest move underlines the country's
Accenture sees AI-led deal momentum, but analysts remain cautious on Indian IT stocks amid weak demand, macro risks, and uncertain growth outlook
IT major Wipro on Thursday announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients. The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday. The GIFT City hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernisation. The centre, with Wipro Intelligence -- a unified suite of AI-powered platforms and solutions -- strengthens the company's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet the growing global demand for AI-powered BFSI transformation, Wipro said. "Wipro's presence at GIFT City is a strategic investme
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Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.
India's techno-legal AI governance model, built on soft guidelines and shared responsibility, is practical for rapidly evolving technology, says Wipro's Global Chief Privacy and AI Governance Officer
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.