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Indian IT Set For Gap-Up Start? US Software Stocks Rally For Second Day As AI Fears Fade
Among Indian companies, Wipro's American Depositary Receipts (ADRs) rose more than 4% during the US session.
Medical device maker Zimmer Biomet to hire 500 employees in 3 years for tech centre in India
Medical device giant Zimmer Biomet is set to significantly expand its Indian footprint by hiring 500 professionals over three years for its new Bengaluru technology hub. Focusing on AI, software engineering, and R&D, the company aims to drive innovation in orthopedic implants and surgical devices. This move underscores India's growing importance as a global capability center for healthcare firms.
KPIT outlook shock sends IT stocks sliding as growth worries intensify
Mid-cap IT stocks faced a significant downturn Wednesday, led by KPIT Technologies' warning of a near-term revenue slowdown. This has amplified investor worries about Artificial Intelligence's impact on India's software services sector. Several other IT firms also saw their share prices drop, with the Nifty IT index emerging as the day's biggest loser. Analysts suggest sustained recovery hinges on improving demand and AI's offsetting capabilities.
Tata Elxsi tumbles as KPIT Technologies' weak outlook weighs on auto engineering peers
Tata Elxsi fell 6.27% to Rs 3,589.40 as investors sold shares of automotive engineering and software companies following KPIT Technologies' weak near-term business outlook.
Explained: Why Tata Elxsi shares crashed 7% after KPI Tech’s Q1 revenue, profit guidance warning
Tata Elxsi shares fell sharply on Wednesday after rival KPIT Technologies warned of weaker-than-expected Q1FY27 revenue and margins due to a sudden slowdown in orders from European automakers. The update raised concerns over demand across the automotive engineering and software services space, weighing on peer stocks.
Stocks to Watch today: RailTel, NTPC Green, Advit Jewels, Waterways Leisure
Stocks to Watch today, July 1, 2026: Hexaware Technologies, Godrej Properties, Newgen Software, BPCL, Tata Communications, and Max Healthcare are among the top stocks to remain in focus
Zaggle secures multi-year deal to provide enterprise software to NBFC APAC Financial
The fintech firm has signed a five-year agreement to provide its procurement and employee expense management platforms to APAC Financial Services, with revenue linked to user adoption and usage levels.
Jefferies says these 4 software stocks screen well in IT exec survey - Investing.com India
Jefferies says these 4 software stocks screen well in IT exec surveyInvesting.com India
Meta Infotech bags Rs 5-cr software subscription orders
Meta Infotech announced that it has secured fresh and renewal orders aggregating Rs 5.43 crore from a leading real estate company and its group entities, a life insurance company, and one of the largest private sector banks.
Sterling Bank selects Infosys Finacle SaaS platform for its transformation program
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Sterling Bank of Asia (Sterling Bank), one of the most progressive banks in the Philippines, today announced the bank's decision to select Infosys Finacle Software-as-a Service (SaaS) platform for its transformation program. Sterling Bank has opted to leverage the Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions for its requirements. Through this strategic collaboration with Infosys Finacle, Sterling Bank expects to enhance the experience of both employees and customers, maintain high standards of availability and reliability in its banking services, and reduce operational complexity through automation and digitization, thereby supporting its future growth.
RailTel bags Rs 30-cr SD-WAN project from AP power utility
RailTel Corporation of India has received a Letter of Acceptance (LoA) worth Rs 29.83 crore from S Southern Power Distribution Company Of A P Limited for the implementation of a Software Defined-Wide Area Network (SD-WAN) solution.
Oracle Financial Services Software Ltd gains for fifth session
Oracle Financial Services Software Ltd is quoting at Rs 10909, up 4.21% on the day as on 12:44 IST on the NSE. The stock is up 20.22% in last one year as compared to a 5.31% fall in NIFTY and a 29.42% fall in the Nifty IT.