Infosys loses $1.5-bn AI contract inked with global company in Sept

Infosys loses $1.5-bn AI contract inked with global company in Sept

Infosys on December 23 revealed that the global company, which had initially entered into a $1.5 billion deal centered around artificial intelligence solutions, has opted to terminate the Memorandum of Understanding (MoU) with the IT services giant.  Originally slated as a 15-year agreement and finalised in September 2023, this development underscores growing uncertainty in the … Read more

IT Sector earnings review: Axis lists top hits and misses in Q2; picks 3 top stocks

IT Sector earnings review: Axis lists top hits and misses in Q2; picks 3 top stocks

The Indian IT services industry is facing near-term challenges due to the economic slowdown and weaker macroeconomic outlook. However, its long-term outlook remains robust with the economy showing signs of recovery. In a recent report, brokerage house Axis Securities said that it believes that the said recovery will begin in the second half of the … Read more