RARE PHOTOS: 2 | Rare Historical Photos

Wipro's AI push frees capacity equivalent to 20,000 workers, CTO says

The comments come as India's $315 billion software services industry grapples with adoption of AI, which is ‌reshaping hiring, software ⁠development and ⁠contracts.

The Economic Times · Sep 10

Why did stock market fall today? Oil spike, IT rout among 6 key factors behind 800-point Sensex slump; Nifty below 23,450

For the third day in a row, Indian stock markets faced a sharp decline, driven by rising oil prices and increasing tensions in the Middle East. Investors were unsettled by these factors, resulting in notable losses. Additionally, the ongoing IPO surge in the primary market diverted crucial liquidity from secondary…

The Economic Times · Sep 9

Largecap safety trade? 8 Nifty stocks test investor patience with losses for two years

Over the past two years, eight Nifty stocks have experienced declines, with notable IT giants like TCS and Infosys pressured by shifts in client spending patterns. Additionally, Tata Motors faced a dip due to difficulties at Jaguar Land Rover, while valuation worries plagued Trent, alongside ITC's tax complications. Nevertheless, a…

The Economic Times · Sep 9

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit

Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust…

The Economic Times · Aug 30

From TCS to Microsoft, techie details 6 things different from the Indian company that surprised him

Sailesh Gurung has described how his move from TCS to Microsoft changed his view of corporate life. In an Instagram post, he compared hierarchy, dress codes, office facilities, family access and job ownership at the two workplaces. Gurung said Microsoft felt flatter and more flexible, while also carrying greater end-to-end…

The Economic Times · Aug 29

HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?

Indian IT stocks surged sharply, led by gains in largecap names, after Nvidia’s strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector.

The Economic Times · Aug 28

Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout

Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNL’s indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks’ role in the telecom operator’s nationwide 4G network deployment.

The Economic Times · Aug 28

Tejas Networks bags Rs 1,537 crore BSNL 4G order from TCS

Tejas Networks secured a Rs 1,537 crore letter of intent from Tata Consultancy Services. This order is for supplying equipment for Bharat Sanchar Nigam Ltd's 4G mobile network. TCS had previously won a Rs 2,903 crore add-on purchase order from BSNL. This new order supports BSNL's indigenous 4G network rollout…

The Economic Times · Aug 27

Captive buyouts: Are IT cos scaling up or skilling up?

Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims to boost contract values as organic growth slows down. TCS, Wipro, and HCLTech have recently made significant acquisitions. These deals involve acquiring intellectual property and engineering talent. This trend revives a past strategy of acquiring…

The Economic Times · Aug 27

Global Market: Porsche stock falls as MHP sale, weak revenue keep investors on edge

Porsche shares faced pressure as investors assessed its €320 million MHP sale to TCS and a €1.25 billion technology partnership. The deal supports digital transformation, but weaker quarterly revenue, China competition, tariffs, EV costs and Volkswagen restructuring concerns continue to weigh on investor sentiment and Porsche’s turnaround prospects.

The Economic Times · Aug 25