Tech Mahindra Q2 profit plunges 62% to ₹494 cr; revenue drops 2%
Sequentially, the profit declined 28.7% as against ₹692.5 crore in the June quarter.
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LTIMindtree shares jump 5% post Q2; here’s why
The board of LTIMindtree has declared an interim dividend of ₹20 per equity share of ₹1 each.
Driving Transition At LTIMindtree
Debashis Chatterjee has leveraged the strengths of both L&T Infotech and Mindtree, and led the merged entity to cash in on the technology boom.
The Brief: Office Spaces Duck Slowdown Fears
Pick up in flex spaces to more than make up for dip in demand from IT and other segments.
The Missing Women of TCS
With back to office becoming a norm, some women are choosing to sacrifice work.
Wipro jumps 4% on ₹12,000-crore share buyback plan
The IT major was the top gainer on the BSE Sensex as investors cheered the buyback of 26.96 crore shares at a premium of 19%.
Services sector growth slows in March
The S&P Global India Services PMI Index remained in growth territory for the twentieth successive month.
IT companies' revenue growth to drop 7-9% in FY24
Operating profitability will improve to around 23% in fiscal 2024 as IT service firms cut back on new hiring and rein in employee costs, says CRISIL.
Infosys loss is TechM's gain
Mohit Joshi's departure marks the exit of the only President left at Infosys after Ravikumar last year.
Sonata Software shares hit all-time high; surge 40% in 2023
The IT stock has risen 17% in the last five sessions after it signed a deal to acquire 100% stake in Quant Systems Inc. in an all-cash deal of $65 million.
