Latest Updates Around The World
Shares of major information technology companies came under pressure on February 24, falling as much as 8%, following a sharp decline in IBM among restive investors on Wall Street. The stock fell 13%, its worst single-day drop in 25 years, after AI startup Anthropic said its Claude tool can help streamline COBOL code.COBOL, short for […]
The artificial intelligence storm that roiled global markets has visibly shaken Indian IT stocks, but for seasoned fund managers, volatility often presents opportunities. Shreyash Devalkar, head of equities at Axis Mutual Fund, spoke to ET Now to share his unfiltered view on the AI-powered sell-off, and where investors should position themselves in this fast-changing landscape. […]
Infosys’ American Depositary Receipts (ADRs) reversed Thursday’s losses on Friday, rising 4% in early trade to hit a day’s high of $14.77, while Wipro’s ADRs rose 2.2% to $2.33 despite selling pressure on the Nasdaq Composite and weak trading in domestic IT stocks for yet another session today.Major indices on Wall Street were trading lower […]
IT services company LTIMindtree on Monday reported an 11% decline in consolidated net profit for the December quarter to Rs 971 crore, compared to Rs 1,085 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the company.However, excluding the one-time impact of the new labor law, […]
Infosys’ ADRs fell nearly 2% on Wednesday after the company reported its December quarter results, as investors weighed a modest profit decline and margin pressure against stronger revenue performance and an upward revision to full-year growth expectations.India’s second-largest IT services company reported a consolidated net profit of Rs 6,654 crore for the third quarter, down […]
