Margins to remain supressed
Tech giant peers TCS and Infosys surged by 1.5% each, while HCL Tech soared around 1.3%.
TCS' stock was the worst hit, down by 2.3%.
TCS logged 19.10% yoy growth in revenue during the quarter at Rs58,229 crore.
Tech giant peers Infosys, HCL Tech and Wipro are set to announce their Q3 result this week.
The company employs approximately 6,000 people worldwide.
Infosys Compaz, a joint venture between Infosys and Temasek, will enhance StarHub’s operations transformation and service experience using Infosys Cobalt.
This comes less than two months after the merger of the two entities.
The new core banking system will provide solutions for loans, deposits, international and domestic remittances.
HDFC Bank is collaborating with several companies, including FinTechs, to co-create technology IPs.
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