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CLSA noted that it does not currently observe any pricing pressure linked to AI in contract renewals for IT services firms. (AI image) Indian IT stocks rebound! Shares of major IT firms including Infosys, TCS and HCL Tech climbed by as much as 4%, supported by global brokerage CLSA reaffirming its ‘Outperform’ stance on key…
Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
US-listed shares of Infosys shot up as much as 40% within minutes of the market opening on Friday, briefly adding tens of billions of dollars to the Indian IT major’s market value. The sudden surge pushed the American Depositary Receipts (ADRs) to a 52-week high of $30 and forced the New York Stock Exchange to…
IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
A sudden spike in H-1B visa fees has thrown the Indian IT sector into uncharted waters. Investors are recalculating risks as a key cost pillar—the US-bound talent pool—faces unprecedented charges, potentially reshaping the profitability of India’s software exporters.US President Donald Trump announced that new H-1B visas will now attract a fee of $100,000. A White…
