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Weak Accenture earnings kills all hopes of recovery of Indian IT sector in FY25

[ad_1] On March 21, the leading IT services provider globally revised down its revenue forecast for fiscal year 2024, citing economic uncertainty. This adjustment comes as clients have scaled back spending on consulting services. Accenture’s updated outlook now anticipates full-year revenue growth to range between 1 percent to 3 percent, a reduction from its earlier projection of 2 percent to 5 percent. Read here: Accenture secures $1.1 billion GenAI…

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Markets

Stocks to Watch: LIC, TCS, Zomato, SBI Cards, UltraTech, Bharti Airtel, and Others – News18

[ad_1] Last Updated: March 20, 2024, 08:26 IST Stocks To Watch On March 18: Tracking Asian peers’ sour sentiments, Indian markets declined on Tuesday, continuing its recent pessimism. Analysts say the correction was also triggered by concerns over premium valuations and the delay of rate cuts by the US Fed due to hotter-than-expected inflation. LIC: Sebi confirmed a securities market ban on five entities, including an employee of Life…

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Markets

TCS Shares Down 2% After 2.2 Crore Shares Worth Rs 8,900 Crore Change Hands; Details – News18

[ad_1] Last Updated: March 19, 2024, 09:45 IST TCS slipped 2 per cent to Rs 4,055 amid reports that Tata Sons was to divest a 0.65 per cent stake (23.4 million shares) via block deal at a floor price of Rs 4,001 per share today. Shares changed hands at an average price of Rs 4,043 per share, taking the total transaction value to Rs 8,894 crore. The offer price…

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Markets

Stocks to Watch: TCS, Tata Steel, HG Infra, AB Sun Life, PG India, LT Finance, and Others – News18

[ad_1] Last Updated: March 19, 2024, 08:13 IST Stocks To Watch on March 19: Benchmark indices closed higher in a highly volatile trade on Monday as investors turned cautious ahead of the US Fed’s interest rate decision. In today’s trade, shares of L&T Finance, AB Sun Life, TCS, Tata Steel, P&G India among others will be in focus due to various developments. L&T Finance: The Board of L&T Finance…

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