E-PaperIT Stocks News
Infosys projects bleak market to continue this year with paltry growth guidance
Infosys Q4 results: Net profit rises 30% to ₹7,969 crore, revenue up by 1.2%
3 min read18 Apr 2024Nifty IT index tumbles over 2.5% to hit new 2024 low on fading Fed rate cut expectations
Indian IT stocks faced persistent selling pressure, with Nifty IT index dropping by 2.5%. The decline was driven by escalating tensions in the Middle East and robust U.S. retail data, raising concerns about delayed rate cuts by the Federal Reserve.
2 min read16 Apr 2024The one bright star in a bleak year for IT
Analysts said the IT sector's overall tepid performance could be attributed to the delay in discretionary tech spending
4 min read5 Apr 2024Q4 results preview: IT sector likely to report muted revenue growth with stable margins; all eyes on FY25 guidance
Largecap IT services players are expected to report modest revenue growth in Q4FY24 as muted demand trends continue on account of weak discretionary spending and cautious behavior by clients, amid an uncertain global macroeconomic situation.
3 min read1 Apr 2024Weak Accenture earnings kills all hopes of recovery of Indian IT sector in FY25. Details here
Kotak Institutional Equities believes that the weak Accenture results have killed all hopes of a recovery in FY25. Morgan Stanley also expressed concerns following Accenture's downward revision of its guidance for the fiscal year raised worries about the pace of revenue recovery for Indian IT.
4 min read22 Mar 2024Nifty IT index slips 2.90% to hit a 9-week low; TCS shares drop by 4.3%
The Nifty IT index plummeted by 2.90% to 35,808 points during the session, marking a significant decline to reach a 9-week low. This fall pushed the index to correct 7.13% from its 2024 high of 38559 points.
2 min read19 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared