New Delhi, March 17 (IANS) IT stocks came under selling pressure on Tuesday, emerging as the top dragger among sectoral indices amid rising concerns over the impact of generative artificial intelligence on traditional revenue streams.The Nifty IT index declined as much as 2.59 per cent to 28,288, hitting an intra-day low, with all constituents of the index falling by up to around 7 per cent.Meanwhile, the Nifty traded with high volatility, while weakness was also seen in PSU Bank and FMCG indice…
Latest LTIMindtree News & Updates
Mumbai, Jan 19 (IANS) Information technology services company LTIMindtree on Monday reported a 10.4 per cent decline in its consolidated net profit for the third quarter of the 2025–26 financial year (Q3 FY26).The IT major attributed the decline to a one-time expense linked to the implementation of new labour codes.The company posted a consolidated net profit of Rs 970.6 crore in Q3, compared with Rs 1,085.4 crore in the same quarter last financial year, according to a regulatory filing with t…