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Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps. Illustration: Uttam Ghosh/Rediff.com Morgan Stanley has......

Blackstone, Baring in race to acquire up to 20% stake in Cipla

In one of the largest potential transactions this year, private-equity majors Blackstone and Baring have initiated talks with the Hamied family, the promoters of pharmaceutical firm Cipla, to......

Accenture's lowered guidance spells more trouble for IT sector: Analysts

IT major Accenture’s second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Photograph: Albert Gea/Reuters......

More bad news for Indian IT sector!

JP Morgan has reiterated its negative stance on Indian information technology (IT) services and downgraded the sector to underweight (neutral earlier post Q4-FY23 numbers), as it believes the......

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......

Mary Kom named Global Indian Icon at UK-India Awards

IMAGE: M C Mary Kom with Vikram Kumar Doraiswami, 2nd right, the High Commissioner of India to the United Kingdom, and other members of the High Commission of India in London.. Photograph: High......

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