NEWS ON IT
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January 25, 2023, Wednesday
Happiest Minds to acquire SMI via upfront, deferred equity for Rs 111 cr
Happiest Minds Technologies on Wednesday announced that it has signed an agreement to acquire Madurai-headquartered IT services company SMI ...
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January 25, 2023, Wednesday
Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment
Volumes spurt were significantly higher during strong positive closes than during negative sessions.
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January 24, 2023, Tuesday
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
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January 23, 2023, Monday
Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results
The company's strong performance in recent years, healthy order book, and strong deal pipeline indicate an encouraging demand trend, said ...
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January 20, 2023, Friday
Layoff season continues: Wipro fires 452 freshers on performance grounds
Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23
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January 20, 2023, Friday
Coforge jumps 7% after Q3FY23 results beats Street estimate
The firm upgraded its fiscal year 2023 annual revenue growth guidance to 22 per cent in constant currency terms and reaffirmed adjusted EBITDA ...
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January 20, 2023, Friday
Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens
We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg ...
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January 19, 2023, Thursday
Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3
The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value ...
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January 18, 2023, Wednesday
Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23
Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December ...
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January 17, 2023, Tuesday
Infosys inks MoU with JNTU-K to accelerate digital, life skills development
As part of the engagement with Infosys, JNTU-K will offer e-content on their website including self-learning material, assignments and projects, ...
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January 17, 2023, Tuesday
Mehul Kothari expects a pullback rally in Biocon, Wipro; Here's why
According to the technical analyst from Anand Rathi, BPCL and Wipro can pullback to Rs 270 and Rs 430, respectively.
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January 16, 2023, Monday
Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard
Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an ...
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January 16, 2023, Monday
Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar
IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23
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January 13, 2023, Friday
Wipro follows IT trend, logs 2.8% rise in Q3 consolidated net profit
Top IT players Q3 reports show resilience in strategy, beat macro uncertainty
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January 13, 2023, Friday
Wipro Q3 result: Gross revenue up 14.4% YoY; attrition rate moderates
The revenue expectations from IT Services business for the full year is set to be in the range of 11.5 per cent to 12.0 per cent, in constant ...
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January 13, 2023, Friday
HCLTech bags deal to modernise IT operations for US insurer State Farm
Some employees of the American company will transfer to HCLTech and continue providing services
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January 13, 2023, Friday
Infosys strong TCV, deal wins in Q3 lend comfort amid macro risks: Analysts
Infosys Q3 review: The company is likely to benefit from vendor consolidation opportunities, gain market share and see margin expansion going ...
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January 13, 2023, Friday
HCL Tech down 3% as investors turn cautious on lowered revenue guidance
Despite strong performance in Q3, management lowered guidance in services and total revenue growth indicating weak Q4FY23.
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January 13, 2023, Friday
L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T
LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of ...
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January 13, 2023, Friday
Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial
Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro ...
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January 12, 2023, Thursday
Better bench strength: IT hirings seen at pre-Covid levels in FY24
So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be ...
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January 12, 2023, Thursday
HCLTech becomes Mattel's primary digital transformation partner
HCLTech will drive transformation across Mattel's global technology landscape cutting across applications, infrastructure and information ...
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January 12, 2023, Thursday
HCLTech Q3 results: Profit rises 18.8%, FY23 revenue guidance trimmed
Deal pipeline remains strong, may see a moderation in Europe next quarter, says CEO
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January 12, 2023, Thursday
HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend
HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 ...
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January 12, 2023, Thursday
Q3 results: Infosys beats estimates, raises FY23 revenue guidance
Net profit for the Q3 FY23 came in at Rs 6,586 crore up 13.4 per cent y-o-y and 9.4 per cent sequentially
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January 12, 2023, Thursday
Infosys Q3 result: IT major's revenue grows 20% YoY to Rs 38,318 cr
The attrition rate has been recorded at 24.35 in Q3FY23. In Q3FY22, it was at a higher 25.5%
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January 12, 2023, Thursday
TCS announces 100% variable pay for 70% of its employees for third quarter
TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent or senior employees will get variable pay in ...
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January 12, 2023, Thursday
Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel
Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.
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January 11, 2023, Wednesday
Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened ...
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January 10, 2023, Tuesday
We'll return to pre-Covid rhythm next year: TCS COO N Ganapathy Subramaniam
We are executing well, gaining market share in vendor consolidation and revenue will start coming in from next few quarters and we are actively ...
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January 10, 2023, Tuesday
TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts
TCS Q3 results: QoQ decline of 2,200 employees in the total headcount and de-growth of 3.7 per cent in deal bookings at $7.8 billion are ...
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January 10, 2023, Tuesday
TCS dips 2% as Q3 profit misses estimates; board okays Rs 75/sh dividend
Moderation of attrition is a positive and indicates easing of supply side challenges, which is likely to support margins, going ahead, ICICI ...
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January 10, 2023, Tuesday
Mehul Kothari recommends to buy Laurus Labs, RateGain Travel Technologies
According to the technical analyst from Anand Rathi, Laurus Labs can rally to Rs 400; while RateGain can jump to Rs 330.
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January 10, 2023, Tuesday
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
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January 09, 2023, Monday
TCS headcount down by over 2,000 in the third quarter of FY23
This is the first time since Q1FY21 that the headcount has come down
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January 09, 2023, Monday
Q3 earnings season kicks off: TCS revenue rises 19%, net profit up 11%
Revenue beat estimates in Q3, profit falls short; N America demand 'vibrant' but challenges remain in Europe
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January 09, 2023, Monday
TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share
It will have an interim dividend of Rs 8 per share and a special dividend of Rs 67 per equity share
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January 09, 2023, Monday
TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?
The overall trend in the IT stocks have remained laggard and continues to bear high risk element.
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January 09, 2023, Monday
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
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January 07, 2023, Saturday
TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY
TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The ...
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January 05, 2023, Thursday
TCS pushes the pedal to get self-driving cars on road with new algorithms
The algorithms are trained and tested using 300,000 kilometres of real time vehicle data
