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Showing posts with the label IT companies

Loading... recession? 6 market bugs crash IT stocks, Rs 88,000 crore deleted

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[hfe_template id='11223'] [ad_1] India’s IT sector is in turmoil, with stocks plunging up to 33% from their peaks as mounting recession fears in the US, downgrades, and target price cuts rattle investors. The top 10 IT stocks have collectively lost Rs 88,000 crore in market value, dragging the Nifty IT index deep into bear territory. Tata Consultancy Services (TCS), India’s largest software services exporter, has seen its shares tumble nearly 23%, wiping out about Rs 3.7 lakh crore in investor wealth. Out of the top 10 IT stocks, eight are in a bear grip, including Infosys, HCL Tech, and Tech Mahindra. LTIMindtree has been the hardest hit, plunging 33%, while Wipro has fared the best among the lot but is still down 16%. While Q3 earnings offered a brief respite, the landscape has since darkened. Escalating tariff wars, stubborn inflation delaying U.S. Fed rate cuts, and rising recession fears have shaken investor confidence. The once-strong growth outlook for IT firms is...

Here’s how Digital Public Infrastructure (DPI) reforms will revolutionise stock market

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[hfe_template id='11223'] [ad_1] The finance minister recently announced the implementation of Digital Public Infrastructure (DPI) in agriculture to cover farmers and their lands. This initiative is a part of the broader Digital India campaign, which is built on the foundation laid by the National Land Record Modernization Programme (NLRMP), now known as the Digital India Land Records Modernization Programme (DILRMP). DILRMP aims to modernize land record management, minimize disputes, and enhance transparency. Revolutionizing Land Management The digitization of agricultural lands under DPI will allow the government to maintain comprehensive and accurate records of farming land across the country. This will include land-wise information on crops, which is crucial for managing the steady demand and supply of agricultural products. By enhancing the accuracy and transparency of land records, DPI will significantly reduce land disputes and facilitate easier access to land-rel...