Page 10 - It Sector News Today

The memorandum of understanding (MoU) intends to promote cooperation between the two sides through mutual support, sharing of technologies, information and investments in the field of information technology.

TCS iON was used to design and deploy the admission tests for the university, a contract the IT services company won less than a year ago.

Persistent Systems: However, the company, which reported a total contract value of USD 521 million in December, said the conversion of deal wins to revenues is not happening, as it was earlier because of the weaker sentiments.

Ambassador says strong ties with China not at expense of the US

The board of directors declared an interim dividend of Rs 32 per share on the face value of Rs 10 each for the financial year 2023-2024, the company informed the bourses. It has also recommended to split the face value of shares from Rs 10 to Rs 5 per share

Ajay Bagga believes that the worst is over for the IT sector, although the recovery will be slow. He emphasizes the importance of embracing technologies like generative AI and machine learning to add value and attract market rewards. The midcap rally in the market continues, driven by unexpected movements from foreign institutional investors (FIIs). The recent selloff of shares worth Rs 23,000 crore by FIIs may be related to the withdrawal of Chinese and foreign investments in China. The earning...

Exports reach $303m in Dec, higher than 12-month average of $222m

The market is currently within a tight range, with Nifty Future having a strong base at 21,200-21,300 and resistance at 21,600-21,650. A break below 21,300 or a move beyond 21,600 will determine the markets direction. Bank Nifty faces resistance at 46,500. I am bullish on the IT sector, particularly Wipro, which offers a buying opportunity at Rs 480. Hind Petro is another strong stock in the OMC sector. Oracle Financials is a recommended buy, while Zee Entertainment is best avoided due to high v...

Just in 11 sessions of this new year 2024, the benchmark Nifty surpassed 22,000 while Sensex crossed the 73,000 mark for the first time ever on January 15.

While Accenture’s growth was driven by its promising work in the generative AI mega trend, TCS added $2 billion on-year to its brand value through consistent brand and marketing investments. Wipro is the only IT services company among the Top 10 whose brand value declined 7.6 percent