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ISG to Study Mainframe Service Providers
Businesswire· 2025-10-08 14:00
STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--ISG has launched a study examining how service providers are reshaping mainframe modernization as part of GenAI-driven transformation strategies. ...
Capgemini's twelfth Employee Share Ownership Plan: share buyback to neutralize dilution
Globenewswire· 2025-10-07 15:45
Media relations:Victoire GruxTel.: +33 6 04 52 16 55victoire.grux@capgemini.com Investor relations:Vincent Biraud Tel.: +33 1 47 54 50 87vincent.biraud@capgemini.com Capgemini’s twelfth Employee Share Ownership Plan:share buyback to neutralize dilution Paris, October 7, 2025 – As part of its twelfth Employee Share Ownership Plan (ESOP), Capgemini announces the launch of the share buyback dedicated to neutralizing the shareholder dilution associated with this plan. This follows the announcement on September ...
Capgemini’s twelfth Employee Share Ownership Plan: share buyback to neutralize dilution
Globenewswire· 2025-10-07 15:45
Media relations:Victoire GruxTel.: +33 6 04 52 16 55victoire.grux@capgemini.com Investor relations:Vincent Biraud Tel.: +33 1 47 54 50 87vincent.biraud@capgemini.com Capgemini’s twelfth Employee Share Ownership Plan:share buyback to neutralize dilution Paris, October 7, 2025 – As part of its twelfth Employee Share Ownership Plan (ESOP), Capgemini announces the launch of the share buyback dedicated to neutralizing the shareholder dilution associated with this plan. This follows the announcement on September ...
Wipro Limited to Announce Results for the Second Quarter Ended September 30, 2025, on October 16, 2025
Businesswire· 2025-10-07 12:46
Core Insights - Wipro Limited will announce its second quarter results for the period ending September 30, 2025, on October 16, 2025 [1] Company Summary - The announcement pertains to Wipro Limited, a significant player in the IT services industry [1] - The results will provide insights into the company's financial performance and operational metrics for the second quarter of the fiscal year [1] Industry Context - The timing of the results announcement is crucial as it aligns with the broader trends in the IT services sector, which is experiencing rapid changes due to advancements in technology and increasing demand for digital transformation [1]
India's wealthy chase AI boom; AI impact on IT
The Economic Times· 2025-10-07 01:42
Group 1: AI Investment Trends - Wealthy investors in India are increasingly purchasing shares of companies like OpenAI and Anthropic through secondary platforms such as Forge Global and Nasdaq Private Markets, betting on these firms during their rapid growth phase [3][14] - The private secondary market is now valued at approximately $100 billion, with trading volumes on Nasdaq Private Markets hitting $60 billion and Forge's Private Market Index surging 67.9% year-to-date [5][14] - OpenAI's valuation has skyrocketed from $80 billion to nearly $500 billion within a year, while SpaceX's valuation increased from $210 billion to $350 billion [5][14] Group 2: Impact on IT Industry - The surge in AI investments by hyperscalers is expected to capture a significant share of enterprise IT budgets, posing challenges to traditional software services outsourcing [14] - The top four hyperscalers, including Oracle, are projected to increase their capital outlay from approximately $300 billion in 2025 to $500 billion by 2030 [8][14] - The combined cloud revenue of the top three hyperscalers—Amazon Web Services, Microsoft Azure, and Google Cloud Platform—reached approximately $260 billion last year, while the IT services industry revenue grew by only around $14 billion to $283 billion [9][14] Group 3: IPO Developments - Lenskart is looking to raise Rs 2,150 crore in fresh capital with a total IPO size expected to be around Rs 7,000-8,000 crore, targeting a mid-November listing [11][14] - Wakefit aims to raise Rs 468 crore through a fresh issue, which will also include an offer-for-sale component [11][14] - Groww has completed its acquisition of wealth management platform Fisdom, valued between $140-$160 million, as part of its strategy to diversify beyond stock trading [12][14] Group 4: Regulatory and Market Oversight - India's antitrust watchdog has called for closer scrutiny of mergers, acquisitions, and partnerships in the AI sector to assess their impact on competition [14] - HCL Infosystems was awarded Rs 102.81 crore in an arbitration case against UIDAI, highlighting ongoing legal and regulatory challenges in the tech sector [14] - EcoEx, a cleantech startup, successfully raised $4 million in a funding round, indicating continued investor interest in sustainable technology [14]
Check Out What Whales Are Doing With ACN - Accenture (NYSE:ACN)
Benzinga· 2025-10-06 19:02
Group 1 - Significant bearish sentiment among major investors in Accenture, with 53% bearish and 30% bullish positions noted in options trading [2][3] - Recent options activity includes 13 trades, with a total of $917,870 in call options and a single put option worth $29,250, indicating unusual trading patterns [1][2] - The price target for Accenture based on trading activity ranges from $190.0 to $340.0 over the past three months [3] Group 2 - The mean open interest for Accenture options trades is 521.78, with a total volume of 990.00, reflecting liquidity and interest in the stock [4] - Recent significant options trades include various call options with strike prices ranging from $250.00 to $340.00, with total trade prices reaching up to $158.2K [9] - Accenture is recognized as the world's largest professional services company by headcount, employing around 800,000 people across over 120 countries [10] Group 3 - Professional analysts have set an average target price of $302.8 for Accenture, with individual ratings ranging from $270 to $350 from various firms [12][13] - The current trading volume for Accenture is 2,030,704, with a slight price increase of 0.56%, bringing the stock price to $246.7 [15]
India's LTIMindtree wins its largest-ever deal; sources peg size at $580 million
Yahoo Finance· 2025-10-06 14:27
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Indian IT services company LTIMindtree announced on Monday that it had won its largest-ever deal, with two sources aware of the matter pegging the size at $580 million. The sixth largest software services exporter in India said the deal was with a leading global media and entertainment company, but did not disclose the name of the client. The company did not immediately respond to a request for comment on the size of the deal or the name o ...
Stock markets rally in early trade on buying in banking counters
The Hindu· 2025-10-06 04:40
Market Performance - Equity benchmark indices Sensex and Nifty were trading positively, with Sensex up by 67.62 points to 81,274.79 and Nifty up by 22.3 points to 24,916.55 in early trade on October 6, 2025 [1] - Both indices extended their gains, with Sensex rising by 170.85 points to 81,376.75 and Nifty increasing by 50.40 points to 24,944.30 [1] Sector Performance - Major gainers among Sensex firms included Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, Axis Bank, Tata Consultancy Services, HCL Tech, HDFC Bank, and Eternal [2] - Lagging stocks included Power Grid, Adani Ports, Tata Steel, and Tata Motors [2] Global Market Context - In Asian markets, Japan's Nikkei 225 index traded sharply higher, while Hong Kong's Hang Seng index was lower [2] - U.S. markets ended on a mixed note on October 3, 2025 [2] Investment Sentiment - Positive market sentiment is supported by growth-stimulating monetary policy, although it faces challenges from ongoing Foreign Institutional Investor (FII) selling [3] - FIIs sold equities worth ₹1,583.37 crore on October 3, 2025 [3] - Global oil benchmark Brent crude increased by 1.44% to $65.46 a barrel [3] Recent Index Movements - On October 3, 2025, Sensex increased by 223.86 points or 0.28% to settle at 81,207.17, while Nifty rose by 57.95 points or 0.23% to 24,894.25 [4]
Stock market: M-cap of 7 of top-10 most valuable firms jumps Rs 74,573 cr; HDFC gains top spot
The Times Of India· 2025-10-05 08:51
Market Performance - The BSE benchmark surged by 780.71 points, or 0.97%, while the Nifty gained 239.55 points, also registering a 0.97% rise during the holiday-shortened trading week [2][3] Company Valuations - HDFC Bank added Rs 30,106.28 crore to its market capitalisation, reaching Rs 14,81,889.57 crore [2][3] - LIC's market value increased by Rs 20,587.87 crore to Rs 5,72,507.17 crore [2][3] - State Bank of India gained Rs 9,276.77 crore, bringing its valuation to Rs 8,00,340.70 crore [2][3] - Hindustan Unilever's valuation rose by Rs 7,859.38 crore to Rs 5,97,806.50 crore [2][3] - ICICI Bank's market capitalisation increased by Rs 3,108.17 crore to Rs 9,75,115.85 crore [2][3] - Bajaj Finance saw an increase of Rs 2,893.45 crore, reaching Rs 6,15,808.18 crore [2][3] - Tata Consultancy Services (TCS) added Rs 741.71 crore to its valuation, totaling Rs 10,50,023.27 crore [2][3] Declines in Valuation - Reliance Industries experienced a decline of Rs 19,351.44 crore, bringing its market value to Rs 18,45,084.98 crore [2][3] - Bharti Airtel's market value fell by Rs 12,031.45 crore to Rs 10,80,891.08 crore [2][3] - Infosys slipped by Rs 850.32 crore, resulting in a valuation of Rs 6,00,954.93 crore [2][3] Overall Market Trends - The combined market value of seven of India's ten most valuable companies rose by Rs 74,573.63 crore, with HDFC Bank being the top performer [3] - Despite the decline, Reliance Industries retained its position as India's most valuable company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC [2][3]
Mcap: 7 of top-10 most valued firms climbs ₹74,573 cr; HDFC Bank biggest gainer
BusinessLine· 2025-10-05 06:08
Market Valuation Overview - The combined market valuation of seven of the top-10 most valued firms increased by ₹74,573.63 crore in a holiday-shortened week, with HDFC Bank being the largest gainer [1] - The BSE benchmark rose by 780.71 points or 0.97%, while the Nifty increased by 239.55 points or 0.97% [1] Gainers and Losers - HDFC Bank's market valuation increased by ₹30,106.28 crore, reaching ₹14,81,889.57 crore [2] - LIC's market capitalisation jumped by ₹20,587.87 crore to ₹5,72,507.17 crore [2] - State Bank of India's valuation surged by ₹9,276.77 crore to ₹8,00,340.70 crore [3] - Hindustan Unilever's market valuation climbed by ₹7,859.38 crore to ₹5,97,806.50 crore [3] - ICICI Bank's market capitalisation edged higher by ₹3,108.17 crore to ₹9,75,115.85 crore [3] - Bajaj Finance's valuation increased by ₹2,893.45 crore to ₹6,15,808.18 crore [3] - TCS's market valuation rallied by ₹741.71 crore to ₹10,50,023.27 crore [3] Valuation Erosion - Reliance Industries experienced a valuation decline of ₹19,351.44 crore, with a total valuation of ₹18,45,084.98 crore [3] - Bharti Airtel's market capitalisation decreased by ₹12,031.45 crore to ₹10,80,891.08 crore [4] - Infosys saw a dip in its valuation by ₹850.32 crore, bringing its total to ₹6,00,954.93 crore [4] Ranking of Valued Firms - Reliance Industries remains the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC [4]