Flipkart, Eight Roads Investments and IMM India Fund are set to sell a combined 9.1% stake in Shadowfax through a block deal on July 24, sources told NDTV Profit.
Set as Trusted Source
on Google Search
Flipkart, Eight Roads Investments and IMM India Fund are set to sell a combined 9.1% stake in Shadowfax through a block deal on July 24, sources told NDTV Profit.
From doubling revenue to driving AI adoption, Salil Parekh leaves behind a transformed Infosys as Ashiss Kumar Dash is named his successor.
From Alphabet's record Cloud growth to Tesla's profit miss, here are the biggest takeaways from the latest global tech earnings.
TCS declared an interim dividend of Rs 12 per equity share. The record date has been fixed as July 15, while the dividend will be paid on July 31.
LTM said AI-related revenue reached a quarterly run rate of $150 million, accounting for 12.2% of revenue, a higher share than TCS and HCLTech despite their larger AI businesses.
TCS Q1 Results: Revenue rose but profit and margins declined. Six charts explain the IT major's performance across AI, hiring, deals, segments and geographies.
Coforge is expected to lead Q1 IT growth with a nearly 20% revenue jump, even as weak spending and AI pressures weigh on the broader sector.
The stock has survived the dot-com bust of 2000-2001, which cut it 85% from a 27,150% boom in the late 90s, recovered through a global IT spending cycle that ran until 2007, fell 57% in the 2008 crisis, lost 40% when Covid hit in 2019-2020, and then rallied 284% through the post-pandemic digital demand surge that carried it to its December 2024 highs.
According to NDTV Profit Research, one of the biggest concerns is Nagarro's slower growth profile. The company has delivered a three-year revenue CAGR of around 5%, compared with Persistent's 15-18% dollar revenue growth.
Persistent Systems shares fell as much as 8% after announcing its 1.1 billion euro worth acquisition of Germany's Nagarro. While brokerages backed the strategic rationale, they flagged execution and valuation risks.
On Monday, shares of the small-cap stock, which currently trades under Rs 50, opened at Rs 18.55 and surged nearly 19% to hit an intraday high of Rs 21.67 apiece on the BSE.
According to TCS management, AI is already changing the way software is developed and maintained by reducing the amount of human effort required across multiple stages of the process.
Accenture's shares plunged 7% to as low as $183.41 after closing at $196.59 levels.
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Here's a look at stocks that are likely to be in focus during the trading session on Monday.
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!