Daily Headlinez Top News Updates
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting…
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…
Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing…
