New Delhi, July 3 (IANS) Noida-headquartered IT services provider HCL Technologies (HCLTech) on Friday announced that it has signed a deal with a Europe-based Fortune Global 50 company to establish an AI-driven operating model for transforming and managing the client’s global digital workplace and enterprise networks.The agreement — which runs from July to December 2031 with an option to extend it for another five years — has an estimated value of $1.14 billion during the initial term, the IT …
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Mumbai, June 30 (IANS) Indian benchmark equity indices ended lower on Tuesday as weakness in information technology stocks weighed on investor sentiment, while market participants remained cautious ahead of the scheduled US-Iran talks in Doha later in the day.The Nifty declined 80.50 points, or 0.34 per cent, to close at 23,865.75. The Sensex also slipped 249.70 points, or 0.33 per cent, to settle at 76,478.67.Commenting on Nifty technical outlook, experts said that the 24,000 zone now emerges a…
Mumbai, June 29 (IANS) Indian stock markets opened flat on Monday with investors and traders closely monitoring developments surrounding the US-Iran ceasefire and upcoming diplomatic discussions.Nifty opened at 24,061.75, up 5.75 points or 0.02 per cent, while Sensex started marginally lower at 77,055.21, down 45.26 points or 0.06 per cent.Sector-wise, healthcare and pharma stocks led the gains, with Nifty Healthcare Index rising 0.53 per cent and Nifty Pharma advancing 0.52 per cent. FMCG also …
Mumbai, June 2 (IANS) Indian benchmark indices ended higher on Tuesday, supported by gains in information technology, metal, and consumer durable stocks, even as investors remained cautious ahead of key trade negotiations between India and the United States.The Nifty settled 100.95 points, or 0.43 per cent, higher at 23,483.55, while the Sensex advanced 382.50 points, or 0.52 per cent, to close at 74,649.84.Commenting on Nifty technical outlook, experts said that the 23,500–23,550 region remai…
New Delhi, May 12 (IANS) Indian IT stocks took a deep plunge on Tuesday, dragging the Nifty IT index down 3.73 per cent to its lowest level since May 2023 after OpenAI said it would launch a new company with $4 billion initial investment to help organisations build and deploy artificial intelligence.A weak earnings outlook for the sector from analysts also impacted the sentiments with Nifty IT index extending losses for a second session.It became the top sectoral loser on the National Stock Exch…
Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
Mumbai, Feb 23 (IANS) Indian stock markets extended their gains for the second straight session on Monday, supported by buying in PSU banks and healthcare stocks. Positive global cues also boosted investor sentiment after the US Supreme Court ruled against the reciprocal tariffs announced by US President Donald Trump.The benchmark Nifty ended 0.55 per cent higher, gaining 141.75 points to close at 25,713. The Sensex rose 0.58 per cent, or 479.95 points, to settle at 83,294.66.Commenting on Nifty…
New Delhi, Feb 21 (IANS) Leading industry leaders, during the ‘AI Impact Summit 2026’, examined whether AI agents are fundamentally disrupting the traditional software-as-a-service (SaaS) models, and cautioned against oversimplification.Addressing speculation around the future of SaaS, Arundhati Bhattacharya, Chairperson and CEO of Salesforce India, said that markets will say a lot of things, and not all of it comes true.“When you talk about the SaaS model, it’s not only about vibe codin…
New Delhi, Feb 16 (IANS) Indian IT companies will remain focused on profits rather than employment, as AI threatens to disrupt industries across the spectrum, former HCL Technologies CEO Vineet Nayyar said here on Monday while speaking at the ‘AI Impact Summit 2026’.Speaking at a session on the opening day of the AI Summit, Nayyar said that from an employment point of view, “I think it is very important for us to understand that Indian companies, including Indian IT companies, are going to…
Mumbai, Jan 20 (IANS) Early results from India Inc’s December quarter showed a muted earnings season as one‑time charges tied to the new labour code and other transitional costs weighed on profits, industry analysts said.About 10 Nifty 50 firms have reported their results so far, mostly IT companies and few banks. Analysts said there were no upside surprises in the results, with most companies delivering mixed results or falling short of expectations.A major drag on corporate earnings was th…