ET Intelligence group: Tata Consultancy Services’ (TCS) foray into artificial intelligence (AI) through new data centre investments marks an important step toward sustaining growth in a rapidly evolving technology landscape. However, the scale of investment has prompted some concerns among dividend-focused investors about its long-term impact on returning cash to investors. The company has a…
Mumbai: High-risk takers eyeing a contra play for their equity portfolio can consider betting on the Nifty IT index fund. With the IT index underperforming the broader markets in recent times, it offers an attractive entry point for investors, said fund managers. “The sector has been facing several headwinds such as AI impacting the business…
Shares of information technology (IT) companies such as Infosys, TCS, HCL Tech, and Persistent Systems rose by up to 4%, driving the Nifty IT index up by 3%, as an anti-AI trade unfolds in global markets, indicating concerns about a bubble forming in AI stocks. In the afternoon, Infosys shares surged as much as 4%…
Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or…
The latest quarterly numbers from India’s top IT firms suggest the sector continues to show resilience despite domestic and global challenges. While Infosys reported a strong performance, Wipro’s results were somewhat disappointing. Speaking to ET Now, Gaurang Shah from Geojit Investments summarized the recent results: “On the IT front, there was anticipation of disappointing numbers…
TCS — India’s largest IT firm — on Wednesday kicked off a new earnings season for India Inc. The Tata group IT giant’s standalone net profit declined 5.4 per cent sequentially, worse than analysts’ expectations. Here are five key takeaways from the Tata group IT giant’s latest quarterly results: Top and bottom lines TCS registered…