A renewed wave of anxiety has gripped Indian professionals and students in the US, as proposed changes to the H-1B visa program threaten to reshape the landscape for skilled immigration. Amid this growing unrest, Edelweiss Mutual Fund MD & CEO Radhika Gupta offered a message of reassurance and perspective. In a post on X, she…
Blue-chip stocks Trent and TCS, incidentally, both part of the revered Tata Group, have each lost over 25% so far in 2025, making them the worst-performing Nifty50 stocks this year. While IT giant TCS is down around 25%, retail favourite Trent, which operates Zudio and Westside, has seen its stock fall nearly 30% year-to-date. Once…
Tier-1 IT services company Wipro will announce its Q1 earnings on Thursday, July 17. The company is expected to post soft revenue growth due to continued demand weakness in key markets like Europe and challenges in client budgets. However, brokerages project stable margins, supported by cost control and currency tailwinds. Profit after tax (PAT) is…
Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing…
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…
May 15, 2025May 15, 2025 Wipro has signed a digital transformation deal with Hachette UK to modernise its IT systems using SAP S/4HANA. The system will be delivered through RISE with SAP and upgrade finance operations and source-to-pay processes. Hachette UK’s CIO said the move…
Wipro Ltd reported a 4.5 percent quarter-on-quarter increase in consolidated net profit to Rs 3,354 crore for the quarter ended December 31, 2024, surpassing analysts’ expectations. The IT major’s Q3 FY25 revenue remained flat at Rs 22,319 crore, growing 0.1 percent sequentially. Show more Show less Source link
November 18, 2024November 18, 2024 The Nifty IT index fell nearly 3% on 18th November after U.S. Federal Reserve Chair Jerome Powell stated there was no urgency to lower interest rates, citing economic growth, a strong job market, and inflation above the 2% target. The index fell 2.7% as…
Indian benchmark equity indices Sensex and Nifty50 snapped a three-day losing streak on Friday as gains in Axis Bank lifted heavyweight financials, although foreign fund outflows dragged down the benchmarks to a third weekly loss. The Nifty 50 index closed 0.42% higher to 24,854 points, after hitting a two-month low earlier in the session, while…
Benchmark Nifty fell below 25000 levels and traded sideways throughout the session on Wednesday. Analysts said markets are consolidating and witnessing a dip at higher zones amid relentless selling by FIIs and muted results from index heavyweights. “We expect this consolidation to continue amid mixed global cues and a lack of domestic triggers. Index-heavy weights…