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HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm
HCL Tech shares surged following a significant $1.14 billion deal with a European Fortune Global 50 firm to manage its digital workplace and networks. This new business, spanning July 2026 to December 2031, boosts HCL Tech's prospects. The company also recently invested in AI startup Sarvam AI. Despite a slight miss on FY26 revenue guidance, Q4 saw a 4.2% net profit increase.
Non-AI Nifty suddenly beating Nasdaq, South Korea & Taiwan bourses: Is the global tech trade finally reversing?
India's Nifty is surprisingly outperforming global tech giants like Nasdaq, South Korea, and Taiwan, marking a potential reversal in the AI-driven market trend. Foreign investors are shifting away from Korean chipmakers, while India's domestic growth drivers offer a more stable outlook. This shift, fueled by concerns over AI 'malinvestment' and concentrated market risks, suggests a broader diversification may be underway.
Tech Mahindra Share Price Live Updates: Tech Mahindra's three-month returns indicate a decline
HCL Tech Share Price Live Updates: HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm
Stock Market LIVE: GIFT Nifty rises over 100 pts; Asia markets rebound from tech sell-off
Sensex Today | Stock Market LIVE Updates, July 3: The GIFT Nifty indicated a positive open as oil prices held steady below $72 per barrel. Asian markets rebounded from early losses
Ferrari's former design house is hanging by a thread—extended by Tech Mahindra
Pininfarina was meant to diversify Tech Mahindra into high-end engineering and design, but a decade after the acquisition, it has become a financial burden.
IT stocks recover on US tech rally, value edge
IT stocks surged on Thursday, with the Nifty IT index climbing over 4.7% and leading gains on the NSE. This rebound followed recent losses, driven by a US tech rally and anticipation of quarterly results. Large-cap firms like Infosys and TCS saw significant jumps, while mid-cap IT stocks also experienced strong buying. Analysts suggest attractive valuations are emerging after a notable correction, hinting at potential further upside.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
India Aims To Reverse Brain Drain With Tech Push, Says Neelkanth Mishra
According to officials, a deeper startup ecosystem is crucial to supporting India's AI and chip ambitions.
US stock market today: Wall Street edges lower as AI-fuelled tech rally loses steam; investors await jobs data
US stock futures traded mixed with Nasdaq futures down 0.8% and S&P 500 down 0.2%, amid concerns over AI stock ralliess. Caution grew ahead of US employment data. In Asia, semiconductor stocks like SK Hynix and Samsung fell over 8% as investors reassess valuations.
US markets today: Wall Street futures mixed ahead of US jobs data amid deepening tech sell-off
US stock futures traded mixed on Thursday as investors awaited the closely watched June jobs report, which could shape expectations for the Federal Reserve's next interest rate move. Technology stocks remained under pressure following a sharp sell-off in Asian chipmakers, while oil prices fell for a third straight session amid signs of progress in US-Iran talks and improving crude flows through the Strait of Hormuz.