NEWS ON IT
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May 23, 2022, Monday
Stocks to Watch: Infy, L&T, PowerGrid, BHEL, NTPC, IDBI Bank, Steel makers
Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.
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May 22, 2022, Sunday
Infosys reappoints Salil Parekh as CEO and MD for the next 5 years
Parekh, the CEO & MD of Infosys since January 2018, has successfully led Infosys in the last 4 years
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May 19, 2022, Thursday
TCS CEO Gopinathan's salary up 26.6% in FY22, firm rejigs business groups
Average annual salary increase for TCS employees was in the range of 5-8 percent in India, says annual report.
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May 19, 2022, Thursday
Nifty IT index slips 5%; Infosys, Tech Mahindra, LTTS, Wipro down over 5%
The deterioration of the US corporate sector profitability would lead to tighter IT spending
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May 19, 2022, Thursday
We've not yet covered even 20-30% of digital transformation journey: Parekh
'We are working in augmented reality, virtual reality, and looking at how this can be applied on a manufacturing floor, and how it can be used ...
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May 19, 2022, Thursday
How Infosys regained its mojo, improved employee morale under Salil Parekh
Salil Parekh has brought the company back to a healthy growth trajectory, improved employee morale and won the promoters' trust as well as ...
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May 18, 2022, Wednesday
AI, data key differentiators for enterprises: Tata Group Chairman
In TCS annual report, Chandrasekaran said that TCS has shown remarkable resilience and adaptability, coming out stronger than ever, after ...
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May 16, 2022, Monday
Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
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May 13, 2022, Friday
Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially
Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion
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May 13, 2022, Friday
Coforge, Mindtree: Tech charts show short-term rebound in mid-cap IT stocks
Select mid-cap IT stocks may surge up to 10 per cent on short-term rebound
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May 12, 2022, Thursday
HCL Tech seeks double-digit growth, larger global footprint: Roshni Nadar
HCL Technologies reported dollar revenue growth of 11 per cent year-on-year at $2.99 billion for FY22
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May 12, 2022, Thursday
Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly
Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other ...
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May 12, 2022, Thursday
Stocks to Watch: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs
Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent ...
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May 11, 2022, Wednesday
Infosys hits over 10-month low; stock down 14% in a month
In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in ...
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May 11, 2022, Wednesday
This Rakesh Jhunjhunwala owned stock has tanked 65% from its 52-week high
In the past one month, the market price of Nazara Technologies has tanked 29 per cent, as compared to a 8 per cent decline in the S&P BSE
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May 10, 2022, Tuesday
Quarterly appraisals, mass hiring: How India Inc is tackling attrition
Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.
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May 10, 2022, Tuesday
ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter
The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21
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May 10, 2022, Tuesday
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
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May 09, 2022, Monday
Weakening rupee a silver lining for recently downgraded IT sector
IT index may be bottoming out at current levels; fall in rupee can help companies offset some of the cost and growth pressures
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May 09, 2022, Monday
HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash
Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, ...
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May 09, 2022, Monday
L&T Infotech, Mindtree slide up to 5% after merger announcement
Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.
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May 06, 2022, Friday
Mega merger: LTIMindtree to join the big league with scale and ambition
Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree
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May 06, 2022, Friday
75% of Nifty50 stocks trade below 200-DMA; look weak on the charts
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent ...
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May 06, 2022, Friday
Nifty IT dips 3%; Coforge, LTI fall up to 9%; here's what's worrying Street
According to analysts, IT companies have lost their sheen after March quarter results highlighted slowdown in deal momentum, and margin pressure
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May 06, 2022, Friday
Wipro hits 52-week low; stock down 18% in 1 month on tepid Q1FY23 guidance
The company has given a tepid guidance of 1-3% QoQ CC terms growth in Q1FY23, which translates into revenues of $2,748 million to $280 million
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May 06, 2022, Friday
F&O Strategy: Nandish Shah recommends a Bull spread on Infosys
The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
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May 04, 2022, Wednesday
Second innovation hub in US to strengthen TCS lead position in market
Firm hires over 7,000 in the US in FY22; numbers may go up in FY23
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May 04, 2022, Wednesday
Zomato, L&T Infotech, Solara, TTML plunge over 25% in one month
Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade
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May 02, 2022, Monday
Wipro extends fall on disappointing Q4 results; stock nears 52-week low
The company has guided for a revenue growth between 1 per cent and 3 per cent for the first quarter of FY23
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April 29, 2022, Friday
Wipro Q4 consolidated net profit rises 4% to Rs 3,087 crore
Attrition rate at near 24%, revenue up over 28% to Rs 20,860 crore
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April 29, 2022, Friday
Wipro slips 2%, hits 11-month low ahead of Q4 results
The commentary on recent M&A, deal wins, vertical commentary, commentary of client's IT budget and revenue guidance are key to watch
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April 28, 2022, Thursday
BLS International surges 9% on fixing record date for bonus shares
The company has fixed May 17, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders entitled for issuance of ...
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April 28, 2022, Thursday
Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India
India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals ...
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April 27, 2022, Wednesday
Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results ...
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April 26, 2022, Tuesday
Explained: Why M&As are rising in India & how can investors benefit?
Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement ...
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April 26, 2022, Tuesday
Chart check: Nifty IT down 11% in April; Is it time to buy TCS, HCL Tech?
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to ...
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April 22, 2022, Friday
HCL Technologies gains 3% in a weak market post stellar Q4 results
HCL Tech has guided for revenue growth of 12-14 per cent CC in FY23 on the back of continued traction in the services business, healthy deal ...
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April 22, 2022, Friday
Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
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April 21, 2022, Thursday
Despite good prospects, valuations concerns may cap upside in L&T Infotech
L&T Infotech's new deal wins and pipeline indicates strong demand environment.
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April 21, 2022, Thursday
Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
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April 20, 2022, Wednesday
HCL Tech Q4: From PAT to margin guidance, here're the key things to track
Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side ...
