New Delhi, June 19 (IANS) A cautious outlook from consulting firm Accenture has led to heightened selling in India’s information technology (IT) shares, and many mid-cap IT stocks have dipped further than 55 per cent correction seen in shares of Tata Consultancy Services.Tata Consultancy Services has tumbled nearly 55 per cent from its record high of Rs 4,592, while Wipro decreased 52 per cent, LTIMindtree declined 50 per cent and Infosys dipped 48 per cent from their respective peaks, a report …
Latest KPIT Technologies News & Updates
Mumbai, June 19 (IANS) IT stocks came under selling pressure on Friday, with the Nifty IT index plunging more than 6 per cent after global technology services firm Accenture cut its revenue growth guidance and flagged a weaker demand environment, reigniting concerns over the pace of recovery in global technology spending.The technology index declined as much as 6.43 per cent or 1,831 points to hit an intraday low of 26,634.50 at around 10:25 am, making it the worst-performing sectoral index in e…
New Delhi, May 8 (IANS) KPIT Technologies founder and Chairman Ravi Pandit passed away in Pune on Friday at age of 71, the company said in a regulatory filing.Dr. S.B. (Ravi) Pandit was the Chairman and Co-Founder of the K&P Group and played a major role in building KPIT Technologies into a global mobility technology company focused on automotive software and engineering solutions.Under his leadership, KPIT Technologies expanded its presence across 15 countries, providing software-defined mo…