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S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
Wipro to acquire Olam Group's IT service arm 'Mindsprint'
For a purchase consideration of USD 375 million
BMW India to hike vehicle prices up to 2% from April amid rising costs
BMW Group India will raise vehicle prices by up to two percent starting April 1, 2026. This adjustment is due to rising logistics and material costs, along with a weaker rupee. The price hike will affect all BMW and MINI models. This move aims to maintain the company's high standards of performance and service for its customers.
TCS partners Amadeus to drive AI-led airline retailing transformation
TCS announced a global partnership with Amadeus to modernize airline retailing. TCS will develop the Service Center User Interface for the Amadeus Nevio platform.
Air India restores last grounded aircraft VT-ALL, completes fleet revival amid overhaul efforts
Air India has revived its final grounded aircraft, VT-ALL. This Boeing 777-300ER was restored after a six-year grounding. The airline completed a major fleet revival exercise. This marks a significant step in its post-privatisation turnaround strategy. All 30 previously non-operational aircraft are now back in service.
Wipro Bags Multi-Year Deal From US-Based Retirement Service Firm TruStage To Transform Ops
Wipro file image.
Nayara Energy lawsuit against SAP over software service halt in Delhi HC next week
Nayara Energy is taking SAP India to the Delhi High Court. SAP suspended critical software services for Nayara, citing European Union sanctions. Nayara argues its contract is with SAP India, an Indian company, and not subject to foreign sanctions. The court will hear the case next week. This dispute highlights foreign law impacting Indian operations and energy security.
Hexaware Tech shares rise 5% on launch of AI agent platform
The company said the platform integrates with core enterprise systems, including CRM platforms, IT service management tools among others.