Govt orders strict inspection of school vehicles

Indian technology stocks demonstrated resilience on Wednesday, defying IBM’s significant overnight decline. Depressed valuations and positive first-quarter results provided support for local outsourcing firms. The Nifty IT index saw a minor dip, while the broader Nifty 50 index edged higher. Analysts noted that IBM’s issues were not directly correlated with Indian IT services. Investor concerns…

HFCL shares rose sharply on Monday after the company secured an international order worth Rs 522.73 crore, extending investor optimism around the telecom equipment maker. The stock has rallied 195% in six months, while brokerages remain bullish, citing strong order visibility, AI data centre opportunities and defence-led growth as key long-term drivers.

Persistent Systems’ shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move aims to boost European presence and revenue, analysts express concerns about near-term growth and profitability impacts due to the premium acquisition price and Nagarro’s weaker financial performance. The deal, financed by a…