Shares of information technology (IT) companies such as Infosys, TCS, HCL Tech, and Persistent Systems rose by up to 4%, driving the Nifty IT index up by 3%, as an anti-AI trade unfolds in global markets, indicating concerns about a bubble forming in AI stocks. In the afternoon, Infosys shares surged as much as 4% … Read more
After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While some investors see this as a short-term consolidation, market expert CA Rudramurthy BV believes the broader trend remains strong and sector rotation could fuel further upside. “See, we have to understand from 24,600 Nifty has … Read more
Mid-tier IT services company LTIMindtree on Thursday reported a 12% YoY growth in its consolidated Q2 net profit at Rs 1,401 crore versus Rs 1,251 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s shareholders. The company’s revenue from operations in the quarter under review stood at Rs 10,394 … Read more
India’s Tata Group has had a challenging 2025, losing more than a staggering $75 billion in market value this year. Notably, a significant portion of this decline occurred in the past couple of weeks, driven by challenges such as US visa restrictions and a cyberattack that halted production. According to Bloomberg data, the combined market … Read more
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
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
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
Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 … Read more
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
Over the past week, benchmark indices faced profit booking at higher levels. The Nifty declined by 1.22%, while the Sensex shed 925 points. Among sectors, the FMCG index outperformed with a 2.20% gain despite the overall weak market sentiment. In contrast, the Defence and IT indices saw steep declines, falling 4.50% and 3.90%, respectively. Throughout … Read more