Tata Consultancy Services Limited (TCS.BO)
- Insider Monkey
20 Wealthiest Countries in Asia
In this article, we will discuss the 20 wealthiest countries in Asia. If you want to skip the detailed analysis of the wealthiest Asian countries, click 5 Wealthiest Countries in Asia. Asia’s Wealth and Economy Global wealth consists of all the assets including monetary assets and non-financial assets in all areas of the world. According […]
- Reuters
HCLTech falls most in nearly 17 months on lower-than-expected FY25 outlook
HCLTech shares plummeted as much as 6.3% on Monday, its biggest fall in nearly 17 months, as India's No.3 software services company forecast fiscal 2025 revenue growth below estimates. Including the day's move, HCLTech is down 5.2% so far this year compared with a 6% fall in the IT index. Larger rival Infosys was down 7.3%, while Tata Consultancy Services was up 2.1%.
- Reuters
India's Wipro rises as Street pins hopes on new CEO after Q4 results
Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.
