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Tata's 56-Year-Old IT Giant Signs Multi-Million Dollar Deal: Highest Rs 4,750 Target By Sharekhan On Its Mega

Tata Group-backed mega stock, Tata Consultancy Services (TCS) dived by more than 1.5% on Friday as the broader tone in IT stocks was bearish after Accenture's earnings that showed a gloomy Q4FY24. Apart from this, TCS was in the news for ...

TCS, Wipro, Infosys Shares, ADR Fall: Accenture's Guidance Cut Crushes Recovery Hopes? Top IT Stocks To BUY

Indian IT stocks witnessed a frenzy selling on Friday with heavyweights like Infosys, TCS, Wipro, and HCL Tech recording deep dives. Not just that it was even their American Depositary Receipts (ADRs) that also took a massive beating on the NYSE ...

Accenture Denies Salary Hike To Employees, Cites Macro Concerns

Accenture Plc, in an email to employees, has denied giving salary hikes to its Indian and Sri Lankan employees unless legally mandated. Along with this, the company has also reduced bonuses and promotions in the two countries in 2023. The company's ...

What, Does Accenture's Underwhelming Guidance Mean For Indian IT Players In H2FY24 And FY25?

One of the largest IT firms in the world, Accenture expects revenue growth for the financial year 2024 to be below markets estimates, while warning about a weaker IT spending in the coming quarters. This underwhelming FY24 guidance by Accenture has ...

Accenture Bolsters AI Capabilities With $3 Billion Investment To Drive Digital Transformation

Accenture, the global professional services company, has made a significant commitment to the advancement of artificial intelligence (AI) technology by announcing a $3 billion investment, Bloomberg reported. The investment will be directed towards strengthening Accenture's capabilities in AI, machine learning, and ...

Accenture Appoints Ajay Vij As Country Managing Director; Rekha Menon To Retire

Global IT and consulting giant Accenture said on Friday that Ajay Vij has been appointed as country's managing director India and that Sandeep Dutta would take over as the lead for its India market unit. Rekha M. Menon, senior managing director ...

Accenture To Cut 19,000 Jobs, Trim Forecast

As mass layoffs at leading tech companies continue globally, IT services provider Accenture announced on Thursday that it would reduce its annual revenue and profit projections and lay off about 2.5 per cent of its workforce, or about 19,000 workers. With ...

Bengaluru Deluge: Tech Companies, Pour Out Woes

Technology companies, which bore the brunt of recent flood due to heavy rains in the city, on Wednesday aired their grievances before Karnataka IT/BT Minister Dr C N Ashwath Narayan, urging him to find a solution to the rain-related woes. At ...

IT Stocks Boosted By Strong Accenture Earnings; Tech Mahindra, Persistent Systems Hit Fresh 52-Week High

Even as the benchmark Indian stock market index Nifty has plunged to levels of 17055 as of writing this copy at around 11:30 am, the Nifty IT index sustains its early gains. In fact among all the Nifty sectoral indices, while ...

Accenture: Strong Growth Momentum Continues

Accenture which posted its quarterly numbers continues to see strong growth momentum, Emkay Global has said in a report. Revenue growth for Q3FY21 was broad based, with 11 out of 13 industries seeing double-digit growth, the firm has noted. "FY21 revenue ...

IT Stocks In Focus After Accenture Reports Robust Earnings; HCL, Infosys Top Picks

In another choppy session on March 19, indices swing between gains and losses and at the time of writing this copy, Sensex was up by 215 points, while Nifty gained 58 points and topped levels of 14617. Among Nifty ...

IT Stocks Trade Firm Post Accenture Q4FY20 Results; Coforge Hits 52-week High

After the panic sell-off in Thursday's trading session (September 24, 2020), Indian indices today have extended early morning gains with Nifty close to 11000 points primarily helped by IT stocks. Nifty IT at the time of writing this copy was ...

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