It Results
Tech Mahindra dips 4% as management flags growth moderation, budget cuts
Tech Mahindra is witnessing moderation in growth, slower decision-making for projects, cuts in discretionary spending and shrinking budgets for short-term tactical deals, its management said
 "Tech Mahindra dips 4% as management flags growth moderation, budget cuts")
TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY
TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr
 "TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY")
Results preview: Q3 may drive caution for IT sector, better margins likely
Almost all the tierI companies in the Q2 of FY23 had signalled then that though the current macro has not impacted budget in general, there are specific pockets where delay in deal closure was evident
 "Results preview: Q3 may drive caution for IT sector, better margins likely")
TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY
TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes
 "TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY")
IT companies' margins decline to decade-low of 23.2% in June quarter
Wipro, Tech Mahindra see double-digit decline in net profit
 "IT companies' margins decline to decade-low of 23.2% in June quarter")
TCS Q1 review: Brokerages caution against early signs of demand slowdown
The company has indicated that the near-term demand outlook remains strong, but senior-level client executives have started discussing a potential recession, said Nomura.
 "TCS Q1 review: Brokerages caution against early signs of demand slowdown")
Govt declares ICICI Bank's IT resources as 'critical information infra'
The government has declared the IT resources of ICICI Bank as 'critical information infra'. Any harm to it can have impact on national security and any unauthorised person accessing it may be jailed
 "Govt declares ICICI Bank's IT resources as 'critical information infra'")
Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
 "Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%")
IT biggies expect weaker Sept quarter
Everest Group, a global technology researcher, says IT majors have struggled to match growth from new segments such as digital to offset slowing revenue from traditional services across verticals
 "IT biggies expect weaker Sept quarter")
