Infosys, Wipro share price show lingering pain for India’s $280-billion IT industry| Business News

How the stocks of Infosys Ltd. and Wipro Ltd. have moved today, a day after their quarterly results, is emblematic of a wider problem afflicting India’s $283-billion IT services industry. A software professional at work. (Unsplash) The Nifty IT index, a gauge of India’s 10 largest IT firms is down 1.9% since bellwether Tata Consultancy […]

Nifty 50 at one-year high, Sensex tops 84,000 as Reliance offsets Infosys, Wipro declines| Business News

The NSE Nifty 50 reversed losses to trade at a one-year high today, as gains in Reliance Industries Ltd. ahead of its quarterly results offset losses in Infosys and Wipro share prices. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) The NSE Nifty 50 rose as much as 0.42% to 25,693.3 points—the […]

Infosys narrows annual revenue guidance after 5.2% decline in Q2, profit up 6.4%| Business News

Infosys Ltd. has decided to narrow its annual revenue growth guidance after a more than 5% decline in the second quarter of the ongoing fiscal. Infosys CEO Salil Parekh. Infosys share price fell 0.08% to ₹1,472.75 apiece on the BSE before the quarterly results were announced. (Reuters) Consolidated revenue of India’s second largest IT services […]