The Nifty IT index hit a more than nine-month low, trading at its weakest level since April 17, 2025.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
...compared with 153,000 in all of 2024.
IT stocks dropped in morning trade on Monday, with Tech Mahindra tumbling over 6 per cent, amid concerns over the steep hike in US H-1B visa fees. Shares of Tech Mahindra tumbled 6.45 per cent, LTI Mindtree slumped 5.61 per cent, Persistent Systems dropped 5.51 per cent, Hexaware Technologies tanked 5.14 per cent and HCL Tech fell by 4.24 per cent on the BSE.
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'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
If it becomes a reality, the Chennai-based company will become the first private player from India to conduct such a mission to the lunar surface.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
The Chennai-based Hexaware Technologies has received a multi-million dollar contract from a US-based customer to provide human resource solutions.
Hexaware Technologies Ltd decided to 11,871 shares of Rs 10 each under and employee stock option sceme.
Hexaware Technologies Ltd board will meet on February 17 to consider audited financial results for the year ended December 31, 2002.
As many as 489 overseas investment transactions were carried out by various companies in March, as per the Reserve Bank data released on Wednesday.
Hexaware Technologies Ltd signed an alliance with Temenos, a banking products and software systems firm.
Citigroup Global Markets (M) Ltd has acquired 5.67 per cent stake in the Nishar group's Hexaware Technologies Ltd.\n\n\n\n
Hexaware Technologies Ltd will publish the audited results within a period of three months from the end of the last quarter of the financial year i.e. December 31.
IT major, Hexaware Technologies, plans to hire 400-500 fresh engineers in the current calendar year, a top company official said.
In a bid to control costs and further improve current utilisation, IT major, Hexaware Technologies, will soon introduce a salary reduction for employees above certain levels and also put 350 personnel, currently non-billable, on to a 'virtual bench.'
Hexaware Technologies Ltd announced on Wednesday a new location for its asset management and capital markets practice at Manhattan, New York.
Indian IT services provider Hexaware Technologies' stock on Monday closed at a four-year low on the Bombay Stock Exchange (BSE) after the company announced that it was conducting an "internal investigation" into "certain actively-concealed and potentially-fraudulent foreign exchange transactions conducted by a Hexaware official."
IT company Hexaware Technologies said on Thursday it has earmarked an investment of about 40 million dollars to acquire firms in the services segment in Europe.
IT firm Hexaware Technologies has opened its second development centre in Saltillo, Mexico, and plans to hire about 1,000 employees from the South American country in the next three years. Hexaware launched its operations in Saltillo with the acquisition of FocusFrame in 2006. FocusFrame is a specialized testing services firm and has over 100 employees located at the centre.
Global software major Oracle Corporation has completed the acquisition of PeopleSoft development centres, operated by Covansys Corporation and Hexaware Technologies Ltd, which will add over 1,000 professionals to Oracle's applications segment.
Hexaware Technologies, a Chennai-based software company listed on Indian and London stock exchanges, has bagged a contract from German company Lufthansa Systems for providing maintenance services over a period of three years.
Hexaware Technologies, a provider of IT and BPO services, is planning to acquire an IT company in the US or Europe for $20-40 million
IT and BPO service provider Hexaware Technologies has acquirea US-based IT firm Focusframe Inc in an all cash deal of $34.3 million.
Hexaware Technologies Ltd on Thursday said that it has opened a European development centre at Bad Homburg in Germany.
IT company Hexaware Technologies Ltd has posted a 11.06 per cent decline in its consolidated net profit at Rs 16.55 crore for the third quarter ended September as against Rs 18.61 crore in the same period last fiscal.
US-based corporate software maker PeopleSoft will invest $30-40 million in a services centre in Bangalore to be set up and managed by India's Hexaware Technologies, the Bombay Stock Exchange said
Hexaware Technologies Ltd has posted a substantial jump in its consolidated net profit at Rs 32.88 crore for the year ended December 31, 2003 as against Rs 5.75 crore in the last fiscal.
Hexaware Technologies Ltd posted a net profit of Rs 74.12 million for the quarter ended December 31, 2002 where as it had posted a net loss of Rs 84.71 million for the quarter ended December 31, 2001.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
IT stocks saw massive selling pressure on Monday, falling as much as 6 per cent, after the rupee surged to 58.37 against the US dollar intra-day.
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