MINDTREE LTD
Infosys, TechM, TCS, other IT stocks plunge up to 5%, extend losses as global AI trade rebounds. What lies ahead?
Indian IT stocks fell sharply on Wednsday as renewed optimism around the global AI trade weighed on sentiment. Strong earnings from SK Hynix and Anthropic’s IPO filing fuelled gains in AI-linked stocks globally. However, concerns over an AI bubble persist, with analysts highlighting a potential advantage for Indian IT services firms.
Dividend alert! Last day to buy HDB Financial, Tech Mahindra, LTM among 10 stocks for dividend rewards
Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (October 23), making them eligible for the dividend.
Earnings Tracker: HDFC Bank, HCL Tech, Wipro among 129 companies set to report Q2 results this week
As many as 129 companies are set to announce their Q2 FY27 results this week, including HDFC Bank, ICICI Bank, Axis Bank, HCL Tech, Wipro and Nestle India. With the earnings season underway, investors will track key announcements across banking, IT and other sectors after markets snapped an eight-week losing streak. Here is a day-wise list of major companies scheduled to report results.
Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment
Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about 5%.
Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?
Coforge shares have experienced a remarkable resurgence, doubling since March and leaving its IT competitors behind. The company recently announced impressive growth in net profit and revenue during the first quarter. Analysts anticipate that mid-tier IT firms like Coforge will thrive amid evolving industry dynamics. Both Jefferies and Axis Direct express optimism about Coforge's growth trajectory. The stock has consistently yielded positive returns over the last year.
Udaan to buy Swiggy’s Lynk; India’s BRICS tech push
Udaan is set to acquire Swiggy-owned Lynk Logistics. This and more in today's ETtech Top 5.
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Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why
Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.
Mindtree cofounder Subroto Bagchi to head Karnataka Skill Development Vision Group
The Vision Group has been set up under the Karnataka State Skill Policy 2025-32 and brings together leaders from industry, academia, civil society and government. It is the first such Vision Group for skill development in Karnataka, joining similar bodies focused on information technology, biotechnology, startups and higher education.
MindTree Q1 Results: Profit rises 37% YoY to Rs 472 cr; revenue jumps 36%
MindTree Q1 Results: Revenue for the quarter rose 36.2 per cent YoY to Rs 3,121.10 crore compared with Rs 2,291.70 crore in the corresponding quarter last year.
MindTree zooms 3% on robust Q4 earnings
MindTree’s counter rose to a high of Rs 4,080 as against Rs 3960.80 at previous close on the BSE.
Mindtree stock up 9% but brokerages have a mixed view
Mindtree on Tuesday reported an over 8% rise in the June quarter profit on a sequential basis to Rs 343.4 crore and revenues rose 8.6% sequentially to Rs 2,291.7 crore.
Mindtree launches dedicated Microsoft business unit
The unit is a component of Mindtree’s multi-tiered initiative to support the continued demand for cloud services and solutions
Mindtree partners with Realogy to enhance digital transformation
As directed by Realogy, Mindtree will introduce digitally enabled technologies in areas such as application development, managed services, infrastructure support, and testing services for Realogy. Mindtree will also leverage Digital Pumpkin, an interactive space where multidisciplinary teams can ideate and create meaningful digital business solutions to support business innovation ideas.
L&T assures Mindtree shareholders of further impetus to long-term growth
This month, L&T became the new promoter of Mindtree after acquiring 60.06 per cent stake.
L&T picks up 98,000 Mindtree shares, raises stake to 28.87%
After the latest transaction, L&T's shareholding in Mindtree stands at 28.87 per cent. The latest stock purchase was made at Rs 980 apiece.
L&T hikes stake in Mindtree to 28.45%, buys 24.9 lakh shares
On Thursday, L&T had acquired 4.5 lakh shares of Mindtree from the open market.
L&T acquires 8.86 lakh shares of Mindtree
After the transaction, L&T's shareholding in Mindtree increased to 26.48 per cent.
L&T won’t hike Mindtree offer
Decides to stick to original plan, complete L&T Infotech’s merger with Mindtree by 2023.
IT firm Mindtree at $1B revenue mark, to pay Rs 430 crore in dividends
Mindtree said the special dividend payout would cost it about Rs 320 crore, excluding dividend distribution tax, while the remaining dividends would entail a sum of Rs 112 crore
Krishnakumar Natarajan can stay on as Mindtree chairman: AM Naik
Even as Mindtree founders continue to resist deal, L&T chairman says his company is open for talks with the promoters to clarify all their concerns.
Why us, why don't you build your own IT firm: Mindtree's poser to L&T
Mindtree promoters have termed L&T's hostile bid as unprecedented and unexplainable.
Mindtree independent directors must guide shareholders on L&T open offer: IiAS
Even as L&T has stated that Mindtree will remain an independent entity, the transaction is being opposed by Mindtree’s promoters.
Three large mutual funds opposed to L&T’s takeover of Mindtree
Sixty-eight mutual fund schemes together hold shares worth Rs 1,300 crore in Mindtree.
Mindtree partners IIT Madras for endowed faculty fellow position in Data Science, AI
Through this endowment, Mindtree will help accelerate the development of technology innovation in fields like AI, data analytics, and machine learning, it added.
Stock Buzz: Keep a watch on MindTree from midcap IT space
"Smart money is moving back into MindTree. Its management quality is decent and shareholding pattern is impressive."
HP Software to help Mindtree transform application testing business
Among its broad technology offerings, Mindtree provides application testing solutions to help businesses and government agencies deploy applications that embrace areas like cloud and mobility.
Mindtree looked inward to sort out problems and has emerged stronger
Mindtree has a simple philosophy to survive in India's competitive $100-bn IT services industry: Get back to the ‘basics of doing business'.
Five former senior officials from MindTree join Ashok Soota's Happiest Minds
Happiest Minds, the IT venture founded by former MindTree chairman Ashok Soota, announced 11 more co-founders of which five are former senior executives of MindTree.
MindTree's Soota says no immediate plan to divest stake in company
Ashok Soota, the outgoing executive chairman of MindTree, said on Monday that he has no "immediate plans" to sell his stake in the company.
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