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NDTV Profit Exclusive: Shankar Sharma Defends Infosys, TCS, Wipro; Says No To Anthropic, OpenAI IPOs
In an exclusive conversation, Shankar Sharma criticised the rest of India's tech ecosystem, arguing that it is unfair to lay the blame on the big IT companies for losing the race on AI.
TCS renews 1.5 million sq ft Chennai office lease in Rs 1,420-cr rental deal
Tata Consultancy Services (TCS) has renewed its lease for nearly 15 lakh sq ft of office space in Chennai for 10 years, committing approximately Rs 1,420 crore. This significant renewal underscores TCS's long-term commitment to Chennai as a key delivery hub, despite ongoing discussions about AI's impact on tech employment.
TCS, Wipro to Infosys: IT stocks bleed on AI and tech stocks selloff in global markets; Nifty IT dips 2%
The Nifty IT Index decreased by 2% on June 8, primarily due to significant losses in major stocks, particularly Wipro. Conversely, Tech Mahindra and a few others showed gains, helping to soften the index's drop.
Buy, Sell Or Hold: Suzlon Energy, TCS, Blue Star, Zen Tech, Kwality Walls — Ask Profit
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TCS Share Price Extends Fall After Hitting Over Six-year Low As IT Stocks Decline; Tech Mahindra Defies Rout
Shares of Tata Consultancy Services Ltd. extended declines for the second consecutive trading session, hitting its lowest levels since February 2020.
NIFTY50, SENSEX end lower after IT heavyweights like TCS, Tech Mahindra, others extend intraday losses - Upstox
NIFTY50, SENSEX end lower after IT heavyweights like TCS, Tech Mahindra, others extend intraday lossesUpstox
IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?
IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fall - Upstox
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fallUpstox
TCS Share Price Slumps 7%, Infosys, HCL Tech Fall 3% As Nifty IT Snaps Two-Day Win Streak
Nifty IT index turned volatile amid profit booking witnessed in key counters and a technical reversal
SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losers - Upstox
SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losersUpstox
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.