Core Insights - ASGN Incorporated has appointed Sangita Singh as President, India and International, to drive global growth and enhance offshore delivery capabilities [1] - The appointment aligns with ASGN's strategy to acquire Quinnox, a digital solutions provider, to strengthen its global delivery platform [1] - Singh brings over 30 years of experience in technology and consulting, having held leadership roles at Microsoft, IBM, Infosys, and Wipro [1] Company Strategy - The creation of the new leadership role and the Quinnox acquisition highlight ASGN's commitment to building a world-class global delivery platform [1] - ASGN is transitioning to the Everforth brand in the first half of 2026, unifying its six brands under a single identity [1] - The company aims to expand its AI-led technology and digital engineering solutions with a focus on global delivery at scale [1] Leadership and Experience - Sangita Singh is recognized as a transformational leader with a strong reputation in the Indian technology market [1] - She has been acknowledged as one of Business Today's 30 Most Powerful Women and a Young Global Leader by the World Economic Forum [1] - Singh's role will involve establishing India-based operations to support the growth of global capability centers and enhance ASGN's market execution [1]

By Haripriya Suresh MUMBAI, Feb 25 (Reuters) - Tata Consultancy Services is urging employees to use artificial intelligence tools ‌to deliver work faster and cheaper, even if it ‌eats into the company's revenue, the CEO of India's largest software-services provider ​said on Wednesday. The comments come as investor concerns about AI disrupting the Indian IT sector's traditional, labour-heavy operating model have wiped off about $68.6 billion market value in February. "We are telling ‌associates that if ...

His broader point was clear: fear-driven storytelling around AI has crossed reasonable limits.— connectgurmeet (@connectgurmeet) A fresh wave of selling hit Indian software services stocks today after a report by Citrini Research warned that companies exposed to traditional IT outsourcing models could face accelerating contract cancellations through 2027. The report flagged major players such as The NSE Nifty IT Index dropped as much as 3.6% in a single session while many frontline The sector has slid roug ...

Core Insights - Wipro's CTO views AI as a significant opportunity for the software services industry, expecting it to enhance demand rather than threaten the outsourcing model [1] - The IT sector, valued at $283 billion, is currently facing market selloff due to fears that AI could disrupt traditional labor-intensive operations [1] - AI is anticipated to create 170 million jobs globally while displacing approximately 92 million, indicating a net positive impact on employment [1] Industry Perspective - The current focus on task automation is seen as too narrow; the shift towards "autonomous enterprises" will require deeper collaboration between IT service providers and clients [1] - Wipro emphasizes the need for "AI literate" engineers, countering predictions of a hollowing out of the traditional staffing pyramid in the industry [1] - The transition to autonomous enterprises is expected to shape technology spending for the next decade, with AI being a dominant force in driving business [1]

Market Overview - Markets opened positively following the US Supreme Court's ruling against President Trump's emergency tariffs, with the Sensex rising to ₹83,336.04, up ₹521.33 or 0.63% [1] - The Nifty 50 also saw gains, climbing to ₹25,731.00, an increase of ₹159.75 or 0.62% [1] Tariff Changes - The Supreme Court's decision invalidated approximately $160–175 billion in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) [2] - President Trump responded by invoking Section 122 of the Trade Act of 1974, imposing a new 10–15% global tariff for 150 days, which is expected to face legal challenges [2] - For India, this effectively reduces tariffs on exports to around 10% [2] Market Sentiment and Technical Analysis - The US Supreme Court's ruling is viewed positively, but it may not lead to a sustained market rally as fundamentals are still key [3] - The Nifty's immediate pivot is at 25,500, with resistance levels at 25,700–25,750; a move above 25,800 could lead to 26,000 [3] Sector Performance - Banking stocks led the market recovery, with the Bank Nifty closing at ₹61,172, up 432 points, and trading above key moving averages [4] - Among Nifty 50 gainers, Adani Ports rose by 2.86% to ₹1,554.80, and Axis Bank increased by 2.02% to ₹1,395.90, indicating strength in financial services and infrastructure [5] Underperformers - ONGC was the worst performer, falling 2.14% to ₹272.70 due to rising crude oil prices amid US-Iran tensions [6] - IT stocks like Infosys and Wipro also faced declines, contributing to a broader technology sector downturn [6] Institutional Flows - Foreign Institutional Investors sold equities worth ₹934 crore, while Domestic Institutional Investors bought equities worth ₹2,637 crore [7] Corporate Developments - IDFC First Bank reported a significant internal fraud estimated at ₹590 crore, prompting a forensic audit [8] Market Caution - Analysts caution that market sentiment may remain weak as long as it stays below the 50-day SMA of 25,770/83,200 [9]

Infosys Limited (NYSE:INFY) Stock Analysis: A Deep Dive into Financials and Market PositionInfosys Limited (NYSE:INFY) is a global leader in technology services and consulting. The company provides a wide range of services, including IT consulting, software development, and business process outsourcing. Infosys competes with other tech giants like Tata Consultancy Services and Wipro. Recently, Jefferies set a price target of $14.31 for Infosys, while the stock was trading at $14.65, as highlighted by TheFly ...

Market Overview - The Nifty index traded flat at approximately 25,451.80, while the Sensex decreased by 97.39 points, or 0.12%, hovering near the 82,400 mark [1][14] - The Nifty breadth was positive with 27 stocks in the green and 23 in the red [1][15] Sector Performance - The IT sector was the top laggard, with the Nifty IT index declining by 1.5% in early trade [15] - Top gainers included ONGC, Bharat Electronics, Larsen & Toubro, Titan, and Coal India, while losers included Kwality Wall's, Infosys, HCL Technologies, and Wipro [15] Economic Commentary - The market correction was attributed to the US-Iran standoff, which has led to a spike in crude oil prices, raising concerns about supply disruptions [5][15] - Brent crude prices rose to $72, reflecting market fears and uncertainties [6][15] - The Indian economy shows strength and a recovery in corporate earnings is viewed positively, with expectations of a market bounce back in the coming days [7][15] Investment Strategy - Investors are advised to wait and observe developments in West Asia, but optimistic investors may consider buying fairly valued high-quality stocks in sectors such as banking, financials, autos, pharmaceuticals, hotels, capital goods, and telecom [8][15] - Historical crises have been seen as buying opportunities in hindsight [8] Global Market Influence - US markets closed lower, with the Dow 30 down by 267.50 points or 0.54%, and the S&P 500 down by 19.42 points or 0.28% [9][15] - Asian markets also experienced declines, with Japan's Nikkei 225 down by 1.25%, China's Shanghai Composite down by 1%, and Hong Kong's Hang Seng index down by 0.6% [10][15] Currency and Investment Flows - The Indian rupee opened 0.3% weaker against the US dollar at 90.94 [11][15] - Foreign Institutional Investors (FIIs) withdrew ₹880 crore from Indian equities, while Domestic Institutional Investors (DIIs) offloaded shares worth ₹596 crore [12][15] Crude Oil Prices - Crude oil prices continued to rise amid tensions between the US and Iran, with WTI trading at $66.780 per barrel and Brent at approximately $71.94 [13][15]

Group 1: AI Impact Summit Overview - Global leaders and technology CEOs are discussing the management of artificial intelligence advancements at the AI Impact Summit in New Delhi [1] - The summit is organized around three key pillars: People, Planet, and Progress, and aims to leverage AI to address global challenges and promote inclusive growth [9] Group 2: Notable Attendees - Key speakers on Day 4 include Google CEO Sundar Pichai, UN Secretary-General António Guterres, OpenAI's Sam Altman, and Reliance Chairman Mukesh Ambani [1] Group 3: Luncheon Details - Prime Minister Narendra Modi hosted an allergen-free luncheon for international leaders, reflecting a commitment to inclusivity [2][3] - The lunch menu is fully vegetarian, showcasing India's diverse culinary traditions with ingredients like lentils, millets, and saffron [4] Group 4: Nutritional Information - The menu includes calorie counts per 100 grams for each dish, aiding guests in understanding nutritional values [4] - Starters include Nimona Kebab (113 kcal), Kham Khatai (116 kcal), and Kashmiri Nadru Kurkuri (143 kcal) [5][6] Group 5: Main Course and Desserts - Main course dishes include Zaffrani Subz Pulao (152 kcal) and Tandoori Salad (78 kcal), along with Thepla (138 kcal) [6][7] - Desserts feature Rose and Coconut Pudding (167 kcal) and Ramdana Anjeer Ladoo (172 kcal) [8]

Market Overview - Domestic equities experienced a decline of over 1 percent, influenced by weak global cues and a volatile trading session, with the BSE Sensex falling by 1,048.16 points (1.25 percent) to close at 82,626.76 and the NSE Nifty dropping by 336.10 points (1.30 percent) to settle at 25,471.10 [6][7][8] - The market sentiment was negatively impacted by fading optimism from the US-India trade deal and concerns regarding AI-driven disruptions affecting Indian IT firms, particularly those reliant on the labor arbitrage model [6][8] Sector Performance - Metal stocks faced profit-booking due to a stronger dollar index and reports of Russia's return to the US-dollar settlement system, which raised expectations of potential sanctions relief and concerns over weaker realizations for metal companies [5][8] - Major indices were dragged down by a broad-based selloff, particularly in the metal, IT, and commodity sectors, with most sectors closing in the red [6][8] Global Market Influence - Asian markets, including Hong Kong's Hang Seng, Shanghai's SSE Composite, Japan's Nikkei 225, and South Korea's Kospi, all ended in negative territory, reflecting the global market's downturn [5][8] - European markets showed mixed performance during mid-session trading, while US equities had declined by up to 2 percent in the previous session [5][8]

Market Overview - Equity benchmarks faced significant pressure, with the Sensex down 826.65 points (0.99%) to 82,848.27 and the Nifty falling 264.85 points (1.03%) to 25,542.35 [1] - The broader market decline was influenced by fading expectations of near-term US rate cuts and a 2.03% drop in the Nasdaq, raising concerns about global technology valuations [3] IT Sector Performance - The Nifty IT index dropped 1.79% to 32,568.00, following a steep 4.72% decline the previous day, marking its worst single-day fall in ten months [2] - Major IT companies experienced significant losses, with Coforge down 4.57% to ₹1,356.60, TCS down 2.36% to ₹2,685.10, and Infosys down 2.24% to ₹1,355.00 [2] Market Sentiment and Analysis - Analysts noted that the current AI shift presents unique challenges for Indian IT firms, which have doubled in size since the Cloud migration era, facing incumbency risks [3] - Selling pressure in the IT sector is attributed to concerns over global demand slowdown and uncertainty regarding AI-led disruptions [4] - Some experts argue that AI could compress the software development lifecycle and potentially expand demand for IT services, despite current concerns [5] Broader Market Dynamics - The market breadth was weak, with 2,752 stocks declining compared to 1,256 advancing, and 156 stocks hitting 52-week lows [7] - The Nifty Midcap 100 and Nifty Smallcap 100 indices fell by 1.38% and 1.39%, respectively, indicating a broader market downturn [7]