IT Sector
Latest news, explainers and analysis on IT Sector. Tracking 47 stories on Arth Vani.
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Latest on IT Sector
BreakingHCL Tech Q2 Preview: Investors Eye Guidance Revision Ahead of Results
HCL Technologies is preparing to announce its second-quarter financial results, with market observers keenly awaiting commentary on whether the IT major will revise its full-year guidance. Investors will closely monitor key performance indicators and the management's outlook on demand trends and deal pipeline.
TCS Senior Staff to Miss Variable Pay for September Quarter
Tata Consultancy Services (TCS), India's largest IT services firm, has informed its senior employees that they will not receive variable pay for the July-September 2022 quarter. This decision, communicated through an internal memo, impacts a segment of the company's workforce whose compensation is partly linked to performance metrics.
BreakingNifty 50 Gains 0.56%, Sensex Rises 426 Points by 2 PM; IT and Auto Sectors Lag
The Indian equity market saw robust gains in afternoon trading, with the Nifty 50 index climbing 0.56% and the Sensex advancing by 426 points by 2 PM. Despite the overall positive momentum, shares in the Information Technology (IT) and Automobile sectors experienced underperformance, weighing on broader market gains.
IPOBreakingSRIT India IPO: 9 Anchor Investors Infuse ₹65.52 Crore Ahead of Public Issue
SRIT India has raised ₹65.52 crore from nine anchor investors just before its public issue opens on September 28. The company allocated 1.15 crore shares to institutional players at the upper end of the price band.
Uttar Pradesh Unveils New Policy to Attract Global Capability Centres in 2024
The Uttar Pradesh government has launched the Uttar Pradesh Global Capability Centres Policy, 2024, aiming to attract more multinational corporations to set up their captive technology and business operations within the state. This initiative seeks to boost employment, foster economic growth, and position UP as a hub for advanced tech and business services.
Oracle Layoffs Reported by Yahoo Finance: What it Means for Global Tech
Yahoo Finance (Global) has reported on job cuts at technology giant Oracle. While specific details are currently unavailable from the source, such news signals ongoing strategic shifts and cost-cutting measures within the highly competitive global tech industry. Indian investors and IT professionals closely watch these developments for broader market insights.
BreakingMotilal Oswal Digital India Fund NAV Surges 10% in 5 Days: What Investors Should Know
The Motilal Oswal Digital India Fund has recorded a sharp 10% jump in its Net Asset Value (NAV) within just five trading sessions. This rally highlights a significant recovery in the technology sector and specific digital-first stocks within the fund's portfolio.
Coforge Targets $5 Billion Revenue by 2030; Analysts Predict Major Upside
Shares of IT services firm Coforge climbed over 2% following the announcement of an ambitious long-term revenue roadmap. Backed by AI integration and organic growth, experts suggest the stock could see significant gains for long-term investors.
HCLTech Invests ₹12,600 Crore in Sarvam AI to Push Sovereign Artificial Intelligence
India's third-largest IT firm, HCLTech, has acquired a 10.5% stake in the homegrown startup Sarvam AI for $1.5 billion. The partnership focuses on building 'Sovereign AI' solutions that keep data within national borders while helping businesses adopt hybrid AI models.
Wipro’s ₹15,000 Crore Buyback Opens Tomorrow: A Golden Chance for Retail Investors?
IT major Wipro is launching its massive share buyback program on Thursday, offering a significant 38% premium over recent market prices. Retail investors must decide by June 17 whether to cash in on immediate gains or remain invested for the long haul.
Nifty Eyes 24,600 as Defense Stocks Surge; IT Sector Faces Hurdles
The Nifty 50 is expected to test levels between 24,300 and 24,600 in the coming days, though the 25,000 milestone may remain out of reach this month. While the defense sector hits new highs, the IT index continues to struggle, prompting experts to favor specific recovery plays.
IBM Warns AI Spending is Eating Into Software Budgets; Tech Stocks Face Sell-Off
IBM shares witnessed a sharp decline after the company cautioned that enterprises are diverting funds toward Artificial Intelligence (AI) projects, leading to a squeeze in traditional software budgets. This trend highlights a shift in global tech spending that could impact Indian IT investors and retail portfolios.
BreakingInfosys Weekly Performance: Negative Trend Alerts Investors
Infosys, a prominent Indian IT firm, has registered a negative trend in its weekly share performance. This development is noteworthy for investors tracking their equity portfolios, particularly given Infosys's status as a major bellwether in the Indian technology sector. Retail investors should monitor such short-term movements but also consider the broader market context and long-term prospects.
Persistent's ₹10,790 Crore European Bet: Immediate Hurdles, Future Aspirations
Indian IT firm Persistent Systems is acquiring European company Nagarro SE for US$1.3 billion (approximately ₹10,790 crore), a move designed to boost its presence in Europe and reduce its reliance on the US market. While this strategy offers long-term benefits, the debt-funded deal, coupled with Nagarro's slowing growth and a high acquisition price, presents significant short-term financial challenges for Persistent. The company now faces the critical task of integrating Nagarro and driving combined revenue growth without compromising its overall profitability.
IT Sector Slump: Should You Pivot to the Upcoming Reliance Jio IPO?
India's traditional IT giants are facing a growth crisis due to global economic slowdowns and the rise of AI. As market experts advise caution on tech stocks, the upcoming Reliance Jio IPO is being positioned as a more focused growth opportunity for retail investors.
Indian IT Stocks: Why AI Fears Might Be Overblown Despite Near-Term Volatility
While AI disruption is causing anxiety in the Indian IT sector, market expert Seshadri Sen suggests the long-term outlook remains promising. Investors are advised to stay cautious for now, as better growth opportunities emerge in domestic consumption and industrial sectors.
BreakingIT Stocks Bleed: Nifty IT Hits 3-Year Low as Infosys, HCL Tech Lead 6% Crash
The Indian IT sector witnessed a massive sell-off today, with the Nifty IT index plunging over 6% following a weak revenue forecast from global major Accenture. While some analysts suggest lower prices offer a buying opportunity, others warn of long-term risks from AI and slowing global demand.
Accenture’s Cautious Outlook: What it Means for Your Indian IT Stock Portfolio
Accenture’s latest performance signals a period of slow growth and cautious client spending for the global IT sector. While this suggests near-term volatility for Indian giants like TCS and Infosys, low valuations and the rise of AI offer a long-term opportunity for patient investors.
Accenture’s Weak Outlook Sparks AI Fears: Should Indian IT Investors Worry?
Global tech giant Accenture has reported a sharp dip in new orders and cut its growth forecast, leading to concerns that Artificial Intelligence might be slowing down traditional IT services. However, analysts believe Indian giants like TCS and Infosys remain well-positioned to handle the disruption.
BreakingInfosys Shares Sink 9%: ₹40,000 Crore Wiped Out as IT Sector Faces Global Headwinds
Infosys shares plummeted to a new 52-week low today, erasing nearly ₹40,000 crore in market value within minutes. The crash followed a lowered revenue outlook from global peer Accenture, raising fears of a broader slowdown in the Indian IT sector.
Why Helios India Is Ditching IT Stocks For Domestic Consumption Plays
Helios India is shifting its focus away from the IT sector, citing long-term risks from Artificial Intelligence disruption. The fund management firm is instead doubling down on India's domestic consumption story, betting on rising middle-class aspirations and modern retail businesses.
IT Stocks Under Pressure: Infosys and Wipro ADRs Slump as Global Demand Weakens
Indian IT stocks are bracing for a rough patch after global tech giant Accenture lowered its revenue growth forecast. US-listed shares of Infosys and Wipro fell sharply as investors worry that global clients are cutting back on non-essential technology spending.
Accenture Cuts Revenue Forecast: A Warning Bell for Indian IT Stocks
IT giant Accenture has lowered its annual revenue growth expectations as global companies pull back on discretionary technology spending. This move, which triggered an 11% drop in its stock, signals a cautious period ahead for Indian IT leaders like TCS and Infosys.
Market Rally Enters Fourth Day: Key Factors Powering Indian Stocks This Thursday
Indian stock markets extended their winning streak to four sessions as global pressures eased and domestic sentiment improved. A combination of lower oil prices, a stronger rupee, and growth in IT and banking sectors is driving the current momentum.
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