IT stocks face mixed forecast: CLSA optimistic, Morgan Stanley warns of rally fatigue
CLSA
and
Morgan Stanley
have contrasting views on India's information technology (
IT
) sector ahead of the June quarter results. CLSA remains upbeat and expects a V-shaped recovery, while Morgan Stanley is cautious, and has advised
investors
to trim positions after the recent rally.
Agencies
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Cognizant to invest Rs 1,583 crore in Visakhapatnam on IT campus, create 8,000 jobs
The IT company, Cognizant, is set to establish a world-class IT and ITES campus in Visakhapatnam at an investment of Rs 1,583 crore to generate 8,000 jobs in the next few years, ruling TDP party said. The state government will allot land to Cognizant at the nominal rate of Rs 99 paisa, said the press release. "In a major boost to Andhra Pradesh's IT ecosystem, Cognizant Technology Solutions is all set to establish a world-class IT/ITES campus in Visakhapatnam with an investment of Rs 1,582.98 crore," said the press release. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Incidentally, Cognizant sought 21.31 acres of land at Kapulauppada under the Visakhapatnam Metropolitan Region Development Authority (VMRDA) for the new IT campus. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company has set a target of March 2029 for the commencement of operations, the press release added.
Time of India
40 minutes ago
- Time of India
Hypersonic missiles, next-gen BrahMos, new air defence: DRDO chief reveals long list of India's future-ready weapons
India is advancing a wide range of indigenous defence technologies including hypersonic missiles , long-range air defence systems, and next-generation fighter aircraft, according to Defence Research and Development Organisation (DRDO) Chairman Dr. Samir V. Kamat. In an interview to NDTV, Dr. Kamat outlined DRDO 's current and future projects that aim to enhance India's strategic deterrence and battlefield capabilities across air, land, and sea. BrahMos and its smaller successor A key focus area is the BrahMos missile , co-developed with Russia and currently launched from Su-30MKI fighter jets. To increase deployment flexibility, DRDO is working on BrahMos-NG, a next-generation variant designed to fit into more fighter platforms. BrahMos-NG is lighter and smaller, allowing wider deployment across India's air fleet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo India's hypersonic weapons programme India is also developing two types of hypersonic weapons — a cruise missile and a glide vehicle. The glide vehicle project is at a more advanced stage. Dr. Kamat said, 'We should be able to complete developmental trials in two to three years and then we can go for induction.' For the hypersonic cruise missile, scramjet propulsion has already been successfully tested for 1,000 seconds. Full-scale development awaits government approval. Once cleared, it may take five to seven years to reach operational status. Live Events Air-to-air and air-to-ground missile upgrades DRDO is extending its missile capabilities with new variants of the Astra air-to-air missile. The existing Mk-1 is in service, while Mk-2 and Mk-3 with longer range are under development. Meanwhile, the Rudram series of air-to-ground missiles is being upgraded. Rudram-2, Rudram-3, and Rudram-4 are in different stages of development. Surface-to-air defence and anti-drone technologies Under the Kusha programme, India is developing long-range surface-to-air missiles to match capabilities like the Russian S-400. The system is internally known as 'Sudarshan Chakra'. In parallel, DRDO is also developing directed energy weapons including high-powered lasers and microwave systems to neutralise drones and other aerial threats. Mobile artillery and light tanks India's indigenously developed Advanced Towed Artillery Gun System (ATAGS) is being adapted into a mobile version. Last year, the government approved a proposal for 814 truck-mounted, self-propelled 155mm gun systems costing around ₹15,000 crore. Apart from defence PSUs, private firms like Tata, L&T, Bharat Forge , and Mahindra Defence have been approached for participation. Dr. Kamat also shared details about the light tank project named Zorawar. Built with L&T for high-altitude deployment along the border with China, the 25-tonne tank is expected to see 354 units inducted by the Indian Army. Naval weapons nearing induction For the Indian Navy, DRDO is developing torpedoes, naval mines, and other undersea warfare technologies. Dr. Kamat said many of these systems are 'close to induction,' signalling near-term deployment of several indigenous maritime platforms. Fifth-generation fighter response to China-Pakistan axis Dr. Kamat commented on reports that Pakistan may receive 40 J-35 stealth aircraft from China by next year. India's response is the Advanced Medium Combat Aircraft ( AMCA ), which received formal sanction in 2024. In a previous interview, Dr. Kamat said, 'The AMCA will take 10 years to complete and would be ready by 2035.' According to an Economic Times report, the Indian Air Force is expected to procure six squadrons — around 120 aircraft. Unlike the Tejas programme where HAL led manufacturing, AMCA will follow a new production model. The government has issued an expression of interest to bring in either HAL, a private firm, or a public-private joint venture as the lead production partner. Lessons from recent operations Dr. Kamat stressed the need for future weapons to operate without external support. Citing lessons from Operation Sindoor, he said, 'All weapons must function without GPS or communication,' highlighting DRDO's focus on autonomous systems that can work in electronically denied environments. India's defence strategy is moving towards greater self-reliance and operational flexibility through indigenous technologies. The DRDO's ongoing work across multiple platforms reflects a long-term commitment to building modern, multi-domain defence capabilities.
Time of India
42 minutes ago
- Time of India
EU bars Chinese firms from major state medical equipment contracts
Representative AI image The EU on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The latest salvo in trade tensions between the 27-nation bloc and China covers a wide range of healthcare supplies, from surgical masks to X-ray machines, that represent a market worth 150 billion euros in the EU. "Our aim with these measures is to level the playing field for EU businesses," the bloc's trade commissioner Maros Sefcovic said. "We remain committed to dialogue with China to resolve these issues." The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts." Brussels said just under 90 percent of public procurement contracts for medical devices in China "were subject to exclusionary and discriminatory measures" against EU firms. In addition to barring Chinese firms from major state purchases, "inputs from China for successful bids" would also be limited to 50 percent, it said. Over the last three years, Brussels and Beijing have come into conflict in a number of economic sectors, including electric cars, the rail industry, solar panels and wind turbines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Pelajari Undo The decision on medical devices comes at a time of heightened trade tensions with President Donald Trump's United States, which has imposed customs surcharges on imports from all over the world, including Europe. The EU has decided to take a tougher stance on trade in recent years, adopting a vast arsenal of legislation to better defend its businesses against unfair competition. In April 2024, the commission opened an investigation into Chinese public contracts for medical devices, the first under a new mechanism introduced by the EU in 2022 to obtain better access to overseas state purchases. China, on the other hand, accuses Europe of protectionism. After a year of negotiations, the commission, which manages trade policy on behalf of the 27 member states, said it had failed to make any progress with China. "The measure seeks to incentivise China to cease its discrimination against EU firms and EU-made medical devices and treat EU companies with the same openness as the EU does with Chinese companies and products," Brussels said.
