The shares of IT companies surged up to 5% on Wednesday, amid overall optimism on Dalal Street and Wall Street following hopes for fresh Iran-US talks, along with easing concerns about AI-led disruption. After taking a significant beating earlier this year due to AI worries and war-led inflationary concerns, the stocks have partially recovered so…
As major indices on the Wall Street surged on Monday, the American Depository Receipts (ADRs) of India’s frontline IT companies Infosys and Wipro rallied up to 3%. While the Infosys ADRs gained 2.2% to hit the day’s high of $18.82, Wipro ADRs were up at $3.05, rising by 3%. The mood remained upbeat with Dow…
Swiss financial services company UBS Group AG on Friday sold shares of seven companies, including Oil India and Dixon Technologies (India), for Rs 4,961 crore via open market transactions. Zurich-based UBS Group AG through its affiliate UBS Principal Capital Asia offloaded shares of seven companies through separate bulk deals on the National Stock Exchange (NSE)….