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…
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Mumbai, May 12 (IANS) Indian equity benchmarks traded sharply lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions.Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading at 23,689, down 0.53 per cent or 126 points from the previous close.Sector-wise, IT, chemicals, realty, cement and financial indices were among the top losers,…
Bengaluru, May 7 (IANS) In a shocking incident, a 23-year-old techie woman was allegedly filmed while taking a bath at her residence in Karnataka’s Bengaluru, following which the Mahadevapura police arrested a man identified as Karthik. According to the police, the incident took place on April 30 at Ashraya Layout in Garudacharpalya. The victim, who works as a software engineer in a private company, had returned home from work and gone to take a bath at around 9:30 p.m.During this time, the accu…
New Delhi, May 7 (IANS) IT services provider Mphasis has approached a US court alleging that rival Coforge violated contractual obligations by hiring its former senior executives and gaining access to sensitive client-related information, according to multiple reports.According to reports, legal documents filed in March show that Mphasis has sought an injunction restraining Coforge from deploying two former Mphasis executives on projects linked to Charles Schwab, a client serviced by both firms….
Mumbai, May 4 (IANS) Indian equity benchmarks ended higher on Monday but pared early gains to close off the day’s highs, as weakness in IT and banking stocks weighed on sentiment amid volatility linked to ongoing election results.The Sensex rose 356 points, or 0.46 per cent, to settle at 77,269.40, while the Nifty gained 121.75 points, or 0.51 per cent, to close at 24,119.30.Commenting on Nifty technical outlook, experts said that from a derivatives perspective, the structure remains clearly d…
Bengaluru, May 3 (IANS) Former Chief Minister and BJP MP Basavaraj Bommai on Sunday expressed confidence that the BJP will win both Assembly by-elections in Karnataka and also secure a majority in West Bengal and Assam.Speaking to the media in Koppal, Bommai said that the BJP would emerge victorious in the two constituencies, with the by-election results to be announced on Monday.“Based on our achievements and the organised campaign we carried out, we are confident of winning in Bagalkot and D…
Visakhapatnam, April 30 (IANS) The Andhra Pradesh government’s talent-driven ecosystem has positioned Visakhapatnam as an emerging IT growth hub, officials said on Thursday.Through progressive policies such as IT & GCC (Information Technology & Global Capability Centres) and LIFT (Land Incentive for Tech Hubs), coupled with industry-academia collaboration, robust infrastructure support, and employee-friendly urban mobility solutions, the state has created an enabling environment for IT…
Mumbai, April 28 (IANS) Indian benchmark indices closed lower on Tuesday, tracking a sharp rise in global oil prices amid fresh geopolitical uncertainty in West Asia.The Nifty and the Sensex both ended lower as investors turned cautious over escalating tensions involving the United States and Iran.At the closing bell, Sensex was at 76,886.91, down by 416.72 points or 0.54 per cent. The Nifty was at 23,995.70, down by 97 points or 0.40 per cent.Adani Ports, ITC, Bharti Airtel and Tech Mahindra am…
New Delhi, April 28 (IANS) Bengaluru remains a prominent talent hub for India’s top companies hiring in the silicon valley of the country, followed closely by Hyderabad, a new report showed on Tuesday.Delhi, Mumbai, and Chennai also continue to be hiring hubs, where companies are looking for professionals who combine technical fluency with human skills like communication and problem‑solving – the capabilities AI cannot replace, according to the report by LinkedIn.Based on signals from the …
New Delhi, April 25 (IANS) Headcount at India’s top IT firms declined by over 7,000 in FY26, which highlighted a sharp reversal in hiring trends as companies turned cautious on workforce expansion amid an increasing focus on Artificial Intelligence (AI) and changing demand in the industry.However, the combined headcount of major IT services providers — Tata Consultancy Services, Infosys, HCLTech, Wipro and Tech Mahindra — fell by 7,389 employees in FY26, compared to a net addition of 12,718 in…