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India Business News: India's IT sector is experiencing a surge in optimism driven by further investment in artificial intelligence (AI) and an improved outlook for the US
India s IT sector is experiencing a surge in optimism driven by further investment in artificial intelligence (AI) and an improved outlook for the US economy. The Nifty IT Index has risen 18% from an April low, and reports suggest both Tata Consultancy Services and Wipro have benefited from new AI services, helping to assuage fears that a recession in the US or Europe might damage the sector.
A $46-billion rally shows India Tech woes easing - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Gains picked up after Asias biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today.