Market News
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Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
IT services growth could return in 12-18 months, says Fractal CEO
Srikanth Velamakanni, Co-Founder and Group Chief Executive of Fractal said technology spending is growing at 13% annually, far outpacing global economic growth of 2-2.5%, creating a significant opportunity for the industry.
Big Four firms' India operations shine amid global slump
India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.
M-cap of nine of top 10 most valued firms jumps Rs 2.15 lakh cr; Airtel biggest winner
Indian equity markets saw a significant boost last week, with the top ten firms gaining Rs 2.15 lakh crore. Bharti Airtel led the surge, adding over Rs 52,000 crore to its valuation. This rally was fueled by easing geopolitical tensions and improved global investor confidence. Reliance Industries retained its position as the most valued company, despite a slight dip in TCS's market cap.
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Air India at a crossroads as Tata weighs Nipun Aggarwal, Vinod Kannan for next CEO, says report
Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders to steer the airline through turbulent times. Aggarwal, a key figure in its transformation, faces scrutiny over global experience, while Kannan brings proven leadership from Vistara. The decision, however, is complicated by internal power dynamics at Tata Sons and the airline's ongoing challenges, including operational disruptions and the aftermath of a tragic crash.
Amazon Turns 'Water Positive' In India Amid Big Tech's Global Scrutiny Over AI Data Centres
By 2030, Amazon wants all of its data center operations to be water positive worldwide.
Reliance Jio set to file IPO DRHP with SEBI today, Chairman Mukesh Ambani says at AGM
Reliance Industries' Chairman & Managing Director Mukesh Ambani said that the proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capabilities and global value. "I assure you, and all prospective new investors, that a brighter future awaits Jio," he added.
Why is market falling today? Sensex slumps 800 points, Nifty below 23,950. IT selloff among 5 key triggers
Indian stock markets experienced a sharp downturn on Friday. The Sensex and Nifty saw significant declines, ending a five-day rally. Heavy selling pressure in IT stocks and weak global sentiment impacted investor confidence. Major IT companies like Infosys and TCS were among the biggest losers. The broader market also faced selling pressure, indicating a cautious trading environment.
TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance
Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.
Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable
Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news from other major firms.
Stocks to Watch for June 19: RIL, Infosys, Wipro, HDFC Bank and more
From Reserve Bank of India extending the tenure of Keki Mistry as interim part-time chairman of HDFC Bank to Wipro acquiring an additional 20% stake in Aggne Global IT Services Private Ltd, taking its total holding in the entity to 80%; here are some stocks to track ahead of Friday's trading session.