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
New Delhi: IT stocks have been reeling under pressure following the sharp outflows of global investors, which have pulled out close to Rs 1.65 lakh crore from the Indian equity markets in the current year. Majority of the IT players have missed the consensus growth expectations and the margin outlook has been moderate. BSE IT … Read more
NEW DELHI: Benchmark indices jumped in Monday’s trade, tracking Friday’s rally on Wall Street, even as fear gauge India VIX spiked ahead of Economic Survey later in the day and Union Budget 2022 tomorrow. IT and select financials led the gainers. At 10:23 am, the BSE Sensex was trading 847 points or 1.48 per cent, … 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
New Delhi: The market capitalisation of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore on Wednesday, mainly driven by optimistic sentiments in the broader market. At close of trade, the BSE Sensex jumped 134.32 points or 0.25 per cent to 52,904.05, registering its second straight session of gains. The market capitalisation of BSE-listed … Read more
Smartworks had thought of itself as a disruptor so it was caught unawares, much like the rest of the world, by the large-scale disruption the Covid-19 outbreak introduced. The provider of coworking spaces had expanded operations to nine cities since it was established in 2016. It was also getting a boost from the startup and … Read more
Pune: Digital transformation and consulting firm Tech Mahindra today said it was expanding its strategic alliance with BMC Software, an IT solutions firm, to enable digital transformation for global enterprises. The multi-tiered partnership will focus on increasing agility and reducing time to market by leveraging AIOps (Artificial Intelligence for IT Operations) and analytics. Tech Mahindra … Read more
PUNE: Tech Mahindra today announced the launch of an intelligent cloud operations and subscription management platform, iCOPS, for global enterprises. The platform simplifies and streamlines cloud operations to improve efficiency by leveraging AIOps and analytics with data security and cost optimization. iCOPS will deliver a unified management experience across hybrid and multi-cloud operations with a … Read more
NEW DELHI: Anand Mahindra does Twitter in style. Like, almost always. From sharing inspiration-filled messages to life hacks to turning a good Samaritan, he has used the platform to maximum advantage, for himself and others. And during the four-month-and-counting lockdown period, the top boss has kept his Twitter fans engaged with a sneak-peek into his … Read more
PUNE: Tech Mahindra has entered into a global strategic partnership with cyber security solutions firm CyQureX, part of the Hinduja Group, to support clients through successful digital transformation, it said on Wednesday. The partnership will give customers access to cyber security protection of data assets across the entire lifecycle, namely, data in motion, data in … Read more