Results preview: IT companies brace for Q2 setback on muted growth

The July-September quarter, the second in the financial year, is always a strong one for Indian IT services. Illustration: Dominic Xavier/Rediff.com However, the second quarter of FY24 is......

Has correlation between Nifty IT index and NASDAQ ended?

Calendar year 2023 (CY23) has thus far proved to be a good year for select information technology stocks. In the US, for instance, the tech-heavy NASDAQ has rallied nearly 18 per cent thus far in......

After 10 years: Infosys may overtake Cognizant on revenue front

Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Photograph: Vivek Prakash/Reuters Cognizant had marched ahead of Infosys......

JP Morgan downgrades Indian IT sector to 'underweight'

JP Morgan has downgraded the Indian information technology sector to ‘underweight’ as it believes the heydays of the sector are over. Photograph: Vivek Prakash/Reuters Rising margin......