Page 3 - Tech Stocks
Further correction in IT stocks not ruled out amid multiple headwinds
The IT industry is seen as a hedge against rupee depreciation
 "Further correction in IT stocks not ruled out amid multiple headwinds")
Street signs: Tech stocks buyback, Bengaluru real estate, and more
Experts say valuation comfort and the buzz around large buybacks have jump-started interest in IT stocks
 "Street signs: Tech stocks buyback, Bengaluru real estate, and more")
Wall Street struggles for direction on rate hike jitters; Snap jumps
Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul
 "Wall Street struggles for direction on rate hike jitters; Snap jumps")
Tech stocks get hammered in manic Monday sell-off; Nifty IT falls 3.5%
The tech-heavy Nasdaq index is down 22 per cent this year
 "Tech stocks get hammered in manic Monday sell-off; Nifty IT falls 3.5%")
Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data
US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat
 "Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data")
TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR
Will Akasa's launch help bring down airfares? What went wrong with Delhi's new excise policy? Is it time to add Paytm, Nykaa, Zomato to your portfolio? What is belated ITR filing? All answers here
 "TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR")
Tech industry comfortable with hybrid work model: Nasscom-BCG report
Over 80 percent of the IT companies and GCCs are most likely to adopt a hybrid work model as compared to the rest of the industry segments
 "Tech industry comfortable with hybrid work model: Nasscom-BCG report")
Delhivery IPO: It was nerve-wracking, says CEO on taking the company public
Shares are now up 10% from Delhivery's debut, which Sahil Barua, the CEO, thinks signals solid appetite for risk in India's public markets despite a drop in financing from venture capital firms.
 "Delhivery IPO: It was nerve-wracking, says CEO on taking the company public")
IT stocks plummet as Nomura and JP Morgan raise growth concerns
BSE IT index drops 3.2%; Midcaps see deeper cuts
 "IT stocks plummet as Nomura and JP Morgan raise growth concerns")
How US tech turmoil has separated established players from younger ones
In this interview with Business Standard’s Sanjay Kumar Singh, Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund explains how the ongoing turmoil in the US tech sector has separated establi
 "How US tech turmoil has separated established players from younger ones")
TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector
The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over
 "TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector")
Saudi Aramco becomes world's most valuable stock as Apple shares drop
Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion
 "Saudi Aramco becomes world's most valuable stock as Apple shares drop")
Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains
The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000
 "Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains")
Tiger Global hit by $17 billion losses in tech stock sell-off: Report
Tiger Global losses marked one of the biggest dollar declines for a hedge fund in history
 "Tiger Global hit by $17 billion losses in tech stock sell-off: Report")
US stocks are likely to be hit by a wave of redemptions, warns Chris Wood
This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)
 "US stocks are likely to be hit by a wave of redemptions, warns Chris Wood")
Tech stocks drag Indian shares lower; Infosys hits 8-month low
The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44
 "Tech stocks drag Indian shares lower; Infosys hits 8-month low")
Should you bet on new-age tech stocks in a rising interest rate regime?
After a lull, a rebound in the market has lifted new-age technology stocks off their lows in the last one month. Is the magic returning to new-age tech stocks or it's a short-term euphoric overshoot?
 "Should you bet on new-age tech stocks in a rising interest rate regime?")
TMS Ep150: Inflation, green hydrogen, new-age tech stocks, on-device wallet
Can consumers expect relief from further fuel price hike? Will green hydrogen fuel India's future? Should you bet on new-age tech stocks? What's on-device wallet for UPI transactions? All answers here
 "TMS Ep150: Inflation, green hydrogen, new-age tech stocks, on-device wallet")
Infosys Q4 preview: Will high costs dent margin? What top brokerages expect
Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.
 "Infosys Q4 preview: Will high costs dent margin? What top brokerages expect")
Wall St rises as investors buy beaten-down chipmakers, tech stocks
US business activity rises to eight-month high in March; Uber surges on deal to list all NYC taxis on its app