[ad_1] BENGALURU: IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in the June quarter at Rs 5,945 crore, but delivered a shocker by slashing full year growth outlook to 1-3.5 per cent hurt by macro uncertainties and delayed decision-making in the market.The net profit (before minority interest) … Read more
[ad_1] NEW DELHI: Optimism is returning for India’s information-technology companies as easing odds of a recession in the US and the emergence of artificial intelligence as a potential new source of revenue drive a rebound in their stocks.The NSE Nifty IT Index has climbed 18% from an April low, adding about $46 billion in market … Read more
[ad_1] BENGALURU: HCLTech is skipping salary hikes for mid to senior employees this fiscal and has deferred salary increases to junior employees by a quarter. HCL CEO&MD C Vijayakumar said, “We have had a good wage increase cycle over the last couple of years and given the macro uncertainty and cost inflation, we made this … Read more
[ad_1] Bengaluru: IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. … Read more
[ad_1] Last Updated: June 23, 2023, 08:21 IST Stocks to Watch on June 23: The Nifty futures contract traded on the Singapore Exchange indicates a positive/negative start to domestic equities. The contract was trading at 18,850, up 19 points or 0.10% from the previous close. L&T: The construction conglomerate inked pact with the Defence Research and … Read more
[ad_1] MUMBAI: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows.The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.From the Sensex pack, UltraTech Cement, State Bank of India, Nestle, ICICI Bank and Reliance Industries were … Read more
[ad_1] BENGALURU: Wipro‘s chief human resources officer Saurabh Govil says that in this current environment of economic slowdown and lower hiring, IT professionals should focus on upskilling. Govil says the industry has reached a level of “sanity” with respect to salaries, and indicated salary increases in future would depend on individuals upskilling and reskilling themselves. … Read more
[ad_1] The company’s market valuation jumped Rs 5,933.21 crore to Rs 2,11,373.41 crore. New Delhi: Shares of Wipro climbed nearly 3 per cent on Friday after the company’s board announced a share buyback of up to Rs 12,000 crore. The stock gained 2.89 per cent to settle at Rs 385.15 per piece on the BSE. … Read more
[ad_1] Stocks to Watch Today: The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,049.50, up 56.5 points or 0.31% from the previous close. Quarterly earnings today UltraTech Cement, SBI Cards, IndiaMart and a slew of other companies will announce their quarterly results today. … Read more
[ad_1] New Delhi: IT major Wipro on Thursday reported a marginal year-on-year decline of 0.4 per cent in net profit to Rs 3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to Rs 12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price … Read more