Latest Updates Around The World
Shares of U.S. software and data services companies were mixed on Thursday after a painful sell-off earlier this week that was triggered by fears that rapidly advancing artificial intelligence tools could upend the sector.Intuit rose 0.6%, while ServiceNow, Salesforce and Microsoft each fell about 2.6%, in contrast to sharp declines earlier in the week. The […]
The software sector was rocked overnight by what analysts are calling a ‘SaaSpocalypse’ – a sudden and severe sell-off caused by new artificial intelligence tools unveiled by US AI startup Anthropic. This episode has heightened investor fears that AI will no longer just help software companies, but may now replace them. So, first: what exactly […]
Wipro’s ADRs fell nearly 6% on the New York Stock Exchange after the IT services company reported its December quarter results, with investors reacting to weaker year-on-year earnings growth and subdued deal momentum despite improving margins and strong cash generation.US-listed American Depositary Receipts fell after Wipro posted a 7% year-on-year decline in consolidated net profit […]
Markets witnessed a sharp sell-off last week, with benchmark indices ending firmly in the red as weak global cues and heightened uncertainty weighed on sentiment. Selling pressure intensified towards the end, sending the Sensex down 2.55% to 83,576.24 and the Nifty down 2.45% to 25,683.30 – one of the steepest weekly falls in recent months. […]
Indian stock markets extended their losing streak for the fourth straight session as geopolitical tensions and renewed fears of aggressive US tariff measures shook investor confidence. The Sensex lost nearly 800 points in Thursday’s session, marking a decisive collapse after a week of consolidation, while the Nifty 50 fell sharply below crucial technical levels, raising […]
IT stocks fell as much as 3.7% on Monday ahead of the earnings season, which starts next week with the announcement of third-quarter results by IT vendor Tata Consultancy Services (TCS) and HCL Technologies.HCL Technologies was the biggest loser, followed by Infosys, which fell 3.5% intraday to hit an intraday low of Rs 1,583.10 on […]
Mumbai: Indian stock indexes rose on Monday, tracking gains in the rest of Asia, as the rupee’s recovery and renewed foreign flows last week revived sentiment. NSE’s Nifty rose 206 points, or 0.8%, to close at 26,172. BSE’s Sensex rose 638 points, or 0.75%, to end at 85,567. Elsewhere in Asia, Japan rose 1.8% as […]
After an unprecedented 40% surge on Friday, Infosys’ American Depositary Receipts (ADRs) fell more than 7% on Monday to hit an intraday low of $18.78, snapping a three-session winning streak. The decline followed ADRs hitting a new 52-week high of $30 in the previous session, a move so volatile that the exchange was forced to […]
While India’s second largest IT services company Infosys on Friday dismissed all material reasons for the excessive rise in its American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE), a report by a Canada-based newspaper, The Chronicle Journal, has linked the development to a bizarre technical glitch related to ticker mapping.“The ‘mystery’ behind […]
