Muted demand to stymie Q4 hopes of IT firms

[ad_1] The fourth quarter of 2023-24 is not going to bring any good news for the Indian IT industry. Going by the global macro cues, the fourth quarter results are likely to reflect the continuation of recent soft demand trends....

IT sector 2024 growth outlook “weak at best” CLSA downgrades TCS and HCL to “sell”

[ad_1] The 2024 growth outlook for the IT sector remains weak at best, even as it has not reflected in valuations since November 2023, as Nifty IT is up 23 per cent and outperforming Nifty by 10 percentage points, according...

HCL Group invests ₹166 cr in edtech Educational Initiatives

[ad_1] B2B education software firm Educational Initiatives (Ei) has announced that software major HCL Group has invested ₹166 crore to acquire a minority stake.Founded in 2001, Ei provides schools with research-backed assessments (Ei Asset and Ei Cares) and personalised adaptive...