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IT services
Today7 stories · 7 articles
Net tone▼ −29% today
Market checkIT −0.17%
Developing3 storylines
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Market move● mixedIT Stocks In Red: Nifty IT Falls Nearly 1%; TCS, Infosys, Wipro, Persistent Top DragCiti made marginal revisions to TCS FY27–FY29 estimates for exchange-rate movements and minor operational changesTCSNifty and Sensex
Broker call● mixedIT Stocks In Focus: TCS, Mphasis Defy Nifty IT Weakness; Citi Cuts TCS Target Price, Maintains 'Sell'TCSMphasiSNifty and Sensex
Broker call▼ bearishTCS In Focus: Citi Cuts Target, Retains 'Sell' Rating Amid Sector Challenges — Key Details InsideCiti retains a 'Sell' rating on TCS and cuts its target priceTCS
Policy● mixedH-1B system to look ‘very different’ in 365 days; Trump admin ‘building a case’H-1B visasDonald Trump
Policy▼ bearishH-1B faces major changes under Trump adminThe US H-1B visa system could change significantly within a yearH-1B visasDonald TrumpIT hiring
● mixedA seat at the table: What India’s GCC leaders want nextIndia GCC leaders debated how much decision-making power their centres holdGCCs
Expansion● mixedInfosys to move up to one-third workforce into specialist rolesInfosysJobs and layoffs
Results▼ bearishLabour Code impact, legal claim provision drag down TCS Q3 net profit by 14% to ₹10,720 croreNet profit fell 14% to ₹10,720 crore, weighed by labour code impact and legal claim provisionTCSLabour codes
● mixedIndian GCCs turn to AI upskilling, reskilling in bid to be 'future-proof'Indian GCCs are turning to AI upskilling and reskilling to prepare their workforceGCCsAIJobs and layoffs
Expansion▲ bullishAiven launches India operations; plans expansion in BengaluruAiven launched operations in India and plans to expand in BengaluruBengaluruAIFintech and payments
Policy● mixedT.N. government looks at developing GCCs in fintech space in Coimbatore, ChennaiFintech and paymentsGCCs
Broker call● mixedInfosys derating: Indian fund managers treating IT stocks as reverse AI trade, says GREED & fearInfosysAIMarket valuations
Order win▲ bullishSmall-cap IT stock under ₹50 jumps 17% as US subsidiary gets AI project worth ₹147 croreBlue Cloud subsidiary GIX secured a $15.5 million IBM Cloud AI infrastructure services orderAIInfrastructureSmall and midcaps
Market move▼ bearishIT shares fall for sixth straight session; OFSS, Infosys top losers: Here's whyInfosysOracle Financial Services Software
Market move● mixedSensex, Nifty open cautiously today; IT stocks bleed as crude, yields biteIT stocks fell as crude and bond yields weighed on marketsCrude oilBond yieldsNifty and Sensex