Stock Market Today: The Nifty IT index, eventually, settled 2.6 per cent lower on the National Stock Exchange (NSE) at 44,954 level. By comparison, the Nifty50 index ended 1.5 per cent down at 23,587
For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications
This deal consolidates TCS' position as a trusted transformation partner in the Nordics, where it has maintained a strong presence for the past 30 years
By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30
Indian IT company's global banking technology platform will help the lender to integrate public services with the digital ecosystem of Bhutan
TCS will not only maintain the hardware and software of the programme for three years, but also deliver key updates to the system
At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.
At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.
India's largest IT services company Tata Consultancy Services (TCS) has bagged a multi-year deal to assist Air France-KLM in transitioning to an advanced, AI-ready, and cloud-native data landscape, according to a release. The deal will help Air France-KLM - a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance - "become the most data-centric airline group in the world", the release added. It will facilitate Air France-KLM's transition to an advanced, AI-ready, and cloud-native data landscape. "Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation," it said without disclosing the financial details of the contract. This shift will help Air France-KLM exit data centres and harness the strength of the cloud, supporting the sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations
These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.
IT services company will provide 'end-to-end digital solution' for automatic enrolment in pension scheme
If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.
Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.
Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future
Ratan Tata had inherited a profitable and financially robust enterprise, yet the group lacked cohesion and a unified long-term vision
Company's performance missed profit estimates, beat on revenue growth
In the first quarter of FY25, the firm had added 5,452 associates. The total headcount at the end of the first half of the financial year was 612,724
Tributes poured in from around the world for Ratan Tata as people remembered his remarkable journey and unparalleled contributions to the Indian business landscape and the society
Ratan Tata News: Tata Chemicals, Indian Hotels Company, Tejas Networks, Voltas, Tata Elxsi and Tata Consultancy Services (TCS) were up in the range of 1 per cent to 4 per cent
'Ratan Tata was a visionary business leader, a compassionate soul, extraordinary human,' says PM Modi