Tech Market

European Shares Get Tech Boost As SAP, ASML Surge On Earnings

London: European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML Holding reported forecast-beating quarterly results. Shares in SAP, Europe’s largest software company, rose 4.7 per cent as unexpectedly strong growth in high-margin packaged software licenses fuelled its quarterly earnings. Its second-quarter operating profit rose 9 per cent. ASML Holding, a key supplier ... Read More »

Buy Tata Power, BHEL; Sell HCL Tech: Sumeet Jain

Sumeet Jain says Nifty is likely to see expiry below 8,450 for this month’s contract. The Nifty faces stiff resistance around 8,600-8,620 and fresh buying is unlikely to emerge unless the benchmark takes out these levels, says Sumeet Jain, head – derivatives & technicals with Destimoney Securities. Nifty is likely to see expiry below 8,450 for this month’s contract, he ... Read More »

South Korea Anti-Trust Agency Probes Google: Report

After EU, South Korea to probe Google. (Representational Photo) SEOUL:  South Korea’s anti-trust agency is investigating Google for alleged abuse of its market dominance, a report said, a week after the EU filed anti-trust charges against the US tech giant. The probe by the South’s Fair Trade Commission (FTC) is focused on whether Google is unfairly forcing smartphone makers to ... Read More »

HCL Tech Allots 84,000 Shares Under 2004 Stock Option Plan

New Delhi: Indian IT services company HCL Technologies on Friday said it has allotted over 84,000 equity shares under the 2004 Stock Option Plan, taking its paid-up share capital to 141 crore shares. In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016. “Consequent on the ... Read More »

Flipkart Buys Rocket Internet-Backed Jabong For $70 Million

Myntra is India’s largest online fashion retailer. HIGHLIGHTS Flipkart unit buying fashion e-tailer Jabong for $70 million in cash Myntra is India’s largest online fashion retailer Two sites to have combined base of 15 million monthly active users Mumbai: Flipkart, India’s biggest e-commerce firm, is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, ... Read More »

Looking Forward To Opening Retail Stores In India: Apple CEO

Tim Cook, during his India visit, had discussed setting up retail stores in India with PM Narendra Modi. New Delhi: Apple CEO Tim Cook has said the tech giant is “looking forward” to setting up retail stores in India to tap into the booming smartphone market here. “India is now one of our fastest growing markets. In the first three ... Read More »

Looking Forward To Opening Retail Stores In India, Says Apple CEO Tim Cook

Tim Cook had discussed manufacturing and setting up retail stores in India with PM Modi. NEW DELHI:  Apple CEO Tim Cook has said the tech giant is “looking forward” to setting up retail stores in India to tap into the booming smartphone market in here. “India is now one of our fastest growing markets. In the first three quarters of ... Read More »

Is The Party Over For Indian IT Companies? Some Say Yes

IT companies have disappointed investors with weak earnings in the June quarter HIGHLIGHTS IT companies are likely to see further de-rating, said market expert Weak quarterly earnings is the big dent in the IT sector IT stocks have underperformed the broader markets IT stocks have underperformed the broader markets that are in the midst of a remarkable rally. The Nifty50 ... Read More »

Tech Stocks Power Wall Street To Another Record High

The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The index has been on a record-breaking rally – helped by largely positive data and strong earnings – and hit an intraday high for the seventh time in July on ... Read More »

Buy ICICI Bank, L&T; Sell HCL Tech: Sahil Kapoor

Sahil Kapoor recommends buying Nifty call options. Sahil Kapoor, chief technical analyst at Edelweiss Securities, expects Nifty to touch 9,000 levels by September. He recommended buying Nifty call options as premiums are relatively low. Stock Talk: Buy ICICI Bank: The recent correction is a good opportunity to enter into the stock as it has already established a bullish trend. Buy ... Read More »