Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more
HCL Group and UNLEASH, a global innovation programme for the UN Sustainable Development Goals (SDGs), have announced a year-long collaboration to mobilise youth and develop innovative solutions to promote aquatic ecosystem conservation. These solutions will aim to tackle challenges from source (mountains and glaciers) to sink (oceans and seas) and their links to terrestrial ecosystems, … Read more
Mumbai: Indian IT services leaders are expected to report strong numbers in the seasonally weak third quarter ended December 31 due to high demand from clients. IT bellwether Tata Consultancy Service (TCS), analysts said, is expected to indicate traction from major deal wins in the quarter, while is expected to upgrade its guidance for the … Read more
Mumbai: CLSA has upgraded Tech Mahindra to ‘buy’ and rated Infosys and HCL Technologies as its preferred picks ahead of the September quarter results season. The foreign brokerage also said the risk-reward for TCS is attractive at current levels. CLSA has maintained a ‘buy’ rating on HCL Tech and raised the price target by 11.5% … Read more
NEW DELHI: HCL Technologies is planning to double its headcount in its centres in smaller towns such as Lucknow, Nagpur, Madurai and Vijayawada over the next two-three years, a top official of the company said. These centres already have close to 10,000 people and chief executive C Vijayakumar told ET in a recent interview that … Read more
IT services companies will also benefit from increased digitalisation of the economy, says Mark Matthews, MD, Julius Baer. This week’s action on Wall Street certainly is creating some uneasiness for market watchers. Is this the time to buy the sharp decline or is this the end of the road for markets this year? What is … Read more
Mumbai: HCL America, the US subsidiary of software exporter HCL Technologies, is facing a patent infringement claim related to one of its software products. HCL America is due to respond to the lawsuit filed by a Texas-based company, Coretek Licensing, by 28 September, as per court documents reviewed by ET. Coretek Licensing, a legal arm … Read more
Mumbai: The sentiment in the market was upbeat last week, as June quarter earnings surprised investors, and hopes of a vaccine kept global markets firm. Even as the frontline indices logged gains for the fifth straight week, the market breadth was weak with only 202 of BSE 500 stocks registering gains in the week. IT … Read more
Tech Mahindra chief executive CP Gurnani earned 28% more in fiscal year 2020, with annual salary and exercise of stock options taking it to Rs 28.57 crore, the company said in its annual report. While his base salary was Rs 2.79 crore, 21% lower than the previous financial year, vesting of stock options worth Rs … Read more