TCS or Infosys? Which IT company has the highest share of H-1B visa employees

TCS or Infosys? Which IT company has the highest share of H-1B visa employees

US President Donald Trump‘s move to introduce a $100,000 fee for new H-1B visa applications is large enough to make sending Indian software engineers to the US economically unviable for Indian tech companies. While the top five Indian IT firms derive roughly 55% of their revenue from the US, Infosys is estimated to have the … Read more

TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

Foreign brokerage firm Jefferies has turned more cautious on Indian IT services stocks, revising its target prices for TCS, Infosys, HCLTech, Wipro and Tech Mahindra, while maintaining its preference for Coforge and HCL Technologies over larger peers. The rationale for the cautious view stems from what Jefferies calls “AI-led disruption” combined with a slower-than-expected revival … Read more

Can staggered investments in Nifty IT ETFs lead to long-term gains?

Can staggered investments in Nifty IT ETFs lead to long-term gains?

Mumbai: Long-term equity investors who are willing to look past near-term adversities and focus on a beaten-down theme may consider allocating to the Nifty IT Index Fund or Nifty IT Exchange Traded Fund (ETF). Wealth managers say that, given the IT sector’s underperformance compared with the broader market, investors could stagger their bets over the … Read more

Tata Sons Chairman N Chandrasekaran’s salary package jumps 15% to Rs 156 crore

Tata Sons Chairman N Chandrasekaran’s salary package jumps 15% to Rs 156 crore

N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company’s latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits … Read more

Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%

Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%

Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing … Read more

F&O Talk| Nifty’s narrow range breaks on Iran-Israel tensions; 24,450–24,500 emerges as key support: Sudeep Shah

F&O Talk| Nifty’s narrow range breaks on Iran-Israel tensions; 24,450–24,500 emerges as key support: Sudeep Shah

Markets remained under pressure and ended the week in the red, with both benchmark indices slipping by over a percent. The decline was largely driven by rising geopolitical tensions and mixed global cues. After opening the week on a cautious note, the indices saw heightened volatility and eventually closed near their weekly lows. The Nifty … Read more

Concurrent Gainers: 11 stocks that gain for 5 days in a row – Consistent Performers

Concurrent Gainers: 11 stocks that gain for 5 days in a row – Consistent Performers

During the five trading sessions ending June 13, the Sensex dropped 1.30% or 1,070 points, settling at 81,119. The index closed lower on three of those five days. However, amid the broader market weakness, 11 BSE 500 stocks recorded gains in all five sessions. (Data Source: ACE Equity) Source link

Kotak Equities reshuffles model portfolio; adds IndiGo, Pidilite; reduces Dabur. Here’s what changed

Kotak Equities reshuffles model portfolio; adds IndiGo, Pidilite; reduces Dabur. Here’s what changed

Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage. According to the domestic brokerage firm, both … Read more

Q4 results today: HUL, Axis Bank, Tech Mahindra among 38 companies to announce earnings on Thursday

Q4 results today: HUL, Axis Bank, Tech Mahindra among 38 companies to announce earnings on Thursday

The fourth quarter earnings season is picking up momentum and on Thursday as many as 38 companies will announce their quarterly numbers. Key earnings to watch out include from HUL, Axis Bank, Nestle, SBI Life, Tech Mahindra, Persistent, Mphasis and LTTS. Tech Mahindra Q4 expectations For Tech Mahindra, fourth quarter profit growth will be strong … Read more

IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more