The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players. Despite headwinds from a demand slowdown and high interest rates in major … Read more
The Indian IT services sector has demonstrated improved performance in the June quarter (Q1FY25), signaling a revision in demand and stabilization of uncertainties in key global economies. While there is a faster recovery in AI use cases, ER&D, and other emerging technologies, discretionary spending remains cautious due to ongoing macroeconomic concerns, said brokerage house Axis … Read more
And since it can get tough finding such experts, companies would like any such experts they find to also be capable of developing AI workshops and courses for their other not-as-skilled employees. The competition is fierce, with firms offering 40% salary hikes to lure AI specialists with five-six years of experience at product companies. Sectors … Read more
IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more
Wipro’s share price rose 121.43 per cent during Thierry Delaporte’s tenure as chief executive officer (CEO) and managing director (MD) of India’s fourth-largest technology major. Delaporte took over as Wipro boss in July 2020 when the Wipro’s closing price was seen at ₹219.05 (on July 1, 2020) compared to the latest closing price of ₹485.05 … Read more