IT Q4 results preview: Here’s what analyst expects from Infosys, Wipro
There will be no change in relative positioning despite worsening macros as it has not translated to client cutting spending on existing projects, says ICICI Securities.
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US bank collapses to hit Indian IT companies severely
Bernstein downgrades Wipro and LTTS while JP Morgan has remained underweight on the Indian IT sector.
Wipro sacks 452 freshers over poor performance
Wipro joins the likes of Google, Microsoft, Meta and Amazon; the company’s Q3 FY23 attrition rate stood at 21.2%.
Is Wipro a Buy after Q3 results?
Post December quarter results, the majority of experts remained bullish on Wipro shares and recommended ‘Buy’ ratings.
Infosys stock rises as Q3 beats estimates; HCL falls 3% on cutting guidance
The BSE IT index witnessed broad-based selling, with most of sectoral heavyweights such as TCS, Wipro, HCL Tech, and LTIMindtree reeling under selling pressure.
Global macro headwinds may moderate growth for Indian IT firms: Report
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
Govt weighs in on moonlighting, says staff shouldn't work against employer's interest
Employment and retrenchment including lay-offs are a regular phenomenon in industrial establishments, says Minister of State for Labour & Employment Rameshwar Teli.
Wipro Consumer forays into food, spices; acquires Kerala’s Nirapara brand
The acquisition comes after Wipro’s announcement of its foray into the food biz in India. Deal to help it become a significant player in the snack food, spices, and ready-to-cook market.
Shrinking American Pie for Indian IT?
The domestic IT industry, which rode on the pandemic-led digitisation, is bracing for a slowdown as the U.S. and Europe stare at recession. Will this crisis lead to new opportunities?
Tirupati temple richer than Wipro, Nestle, ONGC
Lord Venkateswara temple in Tirupati city of Andhra has assets worth ₹2.5 lakh crore, which include gold deposits in banks, gold jewellery, bank deposits and land parcels spread across India.
