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Majesco signed a pact to sell its U.S. arm to Thoma Bravo, ramping up payouts to shareholders. → Read More
Most analysts hiked target price for Wipro Ltd. after the software services exporter’s profit and margin beat estimates in the quarter ended June even as the coronavirus pandemic disrupted business. → Read More
Aggregate revenue of Nifty 50 IT companies—TCS, Infosys, HCL Technologies, Wipro and Tech Mahindra—is seen declining 2.5% sequentially in the June quarter. The drop in operating and net profit is expected to be much sharper. → Read More
That Accenture has raised its revenue growth guidance sets an encouraging tone for Indian IT companies’ June quarter results, Motilal Oswal says. → Read More
The proposed Happiest Minds IPO comprises a fresh issue of shares worth Rs 110 crore and an offer for sale by founder Ashok Soota and investor JPMorgan’s private equity firm CMDB II. → Read More
Hexaware Delisting Plan: Promoter HT Global IT Solutions’ offer price of Rs 285 apiece is a 10% premium to Hexaware’s closing share price on Thursday. → Read More
From aligning itself to evolving priorities to staying lean and nimble. From finding newer ways to create value to launching offerings that address current imperatives. India’s biggest information technology company bets on these themes as it aims to rebound and take advantage of opportunities that come up after the world emerges from the Covid-19 crisis. → Read More
Coronavirus Impact On IT Sector: Worldwide IT spending is expected to decline 8 percent over last year to $3.4 trillion in 2020, Gartner says. Indian IT companies—Infosys, HCL Tech and Wipro—have already suspended their guidance for 2020-21. → Read More
Shares of Tech Mahindra Ltd. snapped their four-day gaining streak after the software services provider’s revenue and profit declined and margin contracted in the quarter ended March on disruptions caused by the new coronavirus pandemic. → Read More
Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. → Read More
Most analysts cut target price for Wipro Ltd. after the Bengaluru-based software services provider temporarily halted its practice of providing quarterly revenue guidance amid disruptions caused by the new coronavirus pandemic. → Read More
Macquarie has used a “bottom-up approach” to pick its Top 10 stocks in India. These are GAIL India, ICICI Bank, Petronet LNG, HDFC Bank, HCL Technologies, Cipla, Infosys, Hindustan Unilever, UltraTech Cement and Dr Reddy’s. → Read More
Hindustan Unilever Ltd. completed takeover of GlaxoSmithKline Consumer Healthcare Ltd., bringing India’s largest selling malted milk drink Horlicks into the portfolio of the nation’s biggest consumer goods maker. → Read More
Coronavirus Impact on IT Sector: HCL Technologies invokes business continuity plan and risk management framework to minimise coronavirus impact on employees and clients. Indian IT firms are expected to see a disruption due to Covid-19, given that they generate most of their business overseas. → Read More
Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. → Read More
Accenture Plc cut its revenue growth guidance for the ongoing quarter, indicating that the impact from global headwinds like the novel coronavirus outbreak may affect its earnings. That doesn’t bode well for Indian information technology companies. → Read More
ITC has been one of the worst performers among peers in the past one year. Analysts expect that to change. → Read More
Antony Waste Handling IPO Review: Antony Waste Handling Cell is set to become the first waste manager to list in India. Here’s a review of the firm’s business, financials and key risks, as well as details on its IPO price band, issue size and valuation. → Read More
India Consumption Slowdown: FMCG companies took to offering premium products in satchets to spur volumes and eventually margins by creating a habit. But customers are not only buying less due to the consumption slowdown, they are also going back to cheaper alternatives. → Read More
Tata Elxsi Ltd. and KPIT Technologies Ltd. are two mid-sized Indian IT firms that provide similar services to global automotive manufacturers. Yet, they have had contrasting 10 months. → Read More