Indian IT giant Wipro recently announced that it has joined forces with Finnish telecom company Nokia to offer private wireless solutions for enterprises. In a statement, the company said that this solution will enable enterprises to have a unified private environment that they can manage to improve their performance and reduce security threats.The statement also … Read more
Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more
Brokerage firm Jefferies initiated a buy rating on Adani Enterprises, and Macquarie recommended an underperform rating on Zydus Life and an underweight on Wipro. Nomura maintained a neutral rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Adani Enterprises: Buy| Target Rs … Read more
Headcount at IT biggies falls! The top companies in India’s information technology sector have experienced a decline in their workforce for the fourth consecutive quarter. This decline can be attributed to a reduction in recruitment at the entry level and a slow hiring process to compensate for attrition. The uncertain demand environment in their major … Read more
BENGALURU: After Wipro moved court against its former SVP and healthcare head Mohd Haque, the latter has sought arbitration. Haque’s declaration filed in the US court said that he never signed the employment agreement. “In fact, when Wipro proposed the Exhibit A (employment agreement between Haque and Wipro) to me, I asked questions about the … Read more
MUMBAI: Benchmark Sensex declined by 359 points while Nifty closed below the 21,400 level on Thursday due to selling in IT shares and continuous foreign fund outflows. The 30-share BSE Sensex fell by 359.64 points or 0.51 per cent to settle at 70,700.67. The index opened lower and plunged further 741.27 points or 1.04 per … Read more
Bharat Petroleum Corporation. Share Price 472.85 03:59 PM | 16 Jan 2024 12.91(2.81%) Tata Steel. Share Price 137.25 03:59 PM | 16 Jan 2024 2.35(1.75%) Titan Company. Share Price 3820.30 03:59 PM | 16 Jan 2024 61.46(1.64%) ITC. Share Price 472.30 03:59 PM | 16 Jan 2024 4.70(1.01%) Maruti Suzuki India. Share Price 10183.55 03:59 … Read more
Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run. Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday. … Read more
Mumbai: Large-cap information technology stocks extended their winning run to the second straight day on Monday after third quarter results by Wipro and HCL Technologies strengthened investors’ belief that domestic software services exporters are well placed to withstand global economic challenges. The NSE IT Index surged 1.9% on Monday, building on Friday’s 5.4% jump in … Read more
Growth in India’s information technology (IT) sector is expected to bounce back in the next fiscal year, according to experts. However, the recent performance of the country’s top four IT companies in the third quarter has not instilled much confidence, says an ET report.Although IT companies showed little improvement in market confidence following the US … Read more