Mumbai: The initial public offering (IPO) of Tata Technologies will begin on November 22, marking the first public stock sale by the steel-to-software Tata Group since a 2004 IPO vaulted Tata Consultancy Services to the very top of the valuation leader-board at the country’s most-valued conglomerate, which has a market capitalisation of about ₹25 lakh … Read more
The stock market has historically performed well during the festive season. Typically, increased consumer spending during the Diwali season tends to boost company revenues and profits, which results in higher stock prices. The positive sentiment and overall favorable optimism around the festivities drive investor confidence in the market. This often leads to increased buying and … Read more
Salary increases for tech professionals transitioning to new jobs have seen a sharp decline this fiscal year. Top IT companies are scaling back hiring efforts due to a slowdown in global tech service demand, leading to reduced salary increments, by nearly half, for job switchers.Data from staffing firms, as reported by ET, indicates that software … Read more
BENGALURU: In the middle of last year, IT employees were trading multiple job offers and ghosting employers after signing offer letters. The period from early 2021 to about the middle of 2022 was every HR executive’s nightmare. Today, it’s the exact opposite – it’s a job keeper’s market. Employee attrition rates have fallen by a … Read more
Mumbai: Information Technology companies such as TCS and Infosys firmed up in Tuesday’s trading, bucking the broader weakness in the market, as investors and traders perceive these shares as defensive bets if sentiment sours further. The Nifty IT Index jumped 1% on Tuesday, while the benchmark Nifty ended almost flat. The gains in IT stocks … Read more
NEW DELHI: As leaders of the world’s largest economies gather in New Delhi this week for the G20 Summit, a global consensus is emerging among investors recognising the potential of India’s economic and industrial prowess, making several sectors attractive to global investors. We reached out to money managers to filter out P20 (20 portfolio) stocks … Read more
India’s largest-IT services company Tata Consultancy Services (TCS) has entered into a strategic partnership with the Digital unit of Tata Son-owned British car company JLR. UK-based JLR is owned by Tata Motors, a subsidiary of TCS parent Tata Sons. The deal is valued at £800 million ($1 billion) over the next five years. According to … Read more
Global brokerage firm Nomura maintained a reduce rating on TCS and upgraded Infosys to neutral from reduce. Goldman Sachs maintained a buy rating on Indigo while Macquarie maintained an outperform rating on HDFC Bank and CLSA initiated a buy on Amber Enterprises. We have collated a list of recommendations from top brokerage firms from ETNow … Read more
BENGALURU: Indian IT employees have had a mixed bag with increments this time around, reflecting the softer business environment. Infosys and HCLTech have not rolled out hikes yet. Infosys normally announces the hike in June/July, and it’s effective from April. HCLTech is skipping increments for mid to senior employees this fiscal and has deferred hikes … Read more
Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more