HCL Tech knocks Wipro, Becomes India’s 3rd Largest IT Company
Shiv Nadar’s HCL Technologies has been regarded as India’s third largest IT Company by observing the revenue for the last four years. Though the market...
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Sensex Slumps Over 1,000 Points on Touch Love of Global Central Banks
On Monday, Indian stocks were in disarray as the Fed’s aggressive monetary policy spooked global financial markets. Global stock markets extended losses, and domestic equity...
TCS Falls as IT Pack Wary of Street Margin Issues, Variable Pay
Shares of Tata Consultancy Services (TCS) continued to be under pressure as the industry faced margin headwinds amid a split among brokers. At the same...
TCS to Roll Out 100% Variable Pay for Employees
On Tuesday, Tata Consultancy Services (TCS) said that it will pay out 100% variable pay for its 600,000 plus employees. The statement came days after...
The India Tech Stock Declines 2% As Macro Concerns Increase
The National Stock Exchange saw opening deals on Tuesday with shares of Indian IT service companies Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., L&T Infotech,...
Infosys Cuts Average Variable Payout to 70% for June Quarter
IT major Infosys has decided to decrease the average variable payout of employees to 70% because of falling operating margins in the first quarter of...
Nifty50 Down 17,350 Led by Financial, IT and FMCG Shares
India’s stock market benchmark opened lower on Tuesday, the second day of its most significant drop in more than two months, weighed down by weakness...
Wipro Gets Multi-year Contract from UK Govt’s HM Treasury
Wipro Limited has announced that it has a multi-year contract for delivering Service Integration and Management (SIAM) services to HM Treasury (Her Majesty’s Treasury). HMT...
Sensex, Nifty Bounce Back After Days of Respite After RBI Policy
Equity benchmarks closed slightly higher on Friday after the Reserve Bank raised key interest rates to cool stubbornly high inflation and defend the rupee. Traders...
Nifty50 Falls, 10% Led By 17,500-Point Gain in Financials, IT and Metals Stocks
India’s stock market benchmark opened higher on Thursday, boosted by strength in financial, IT and metals stocks, but the upside was limited by weakness in...