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Wipro bets on AI as clients stay cautious on discretionary spending, targets margin recovery

Wipro remains focused on building AI-led platforms and solutions while pursuing large transformation deals, said Chief Executive Officer and Managing Director Srini Pallia. Although clients continue to remain cautious on discretionary spending, he said Wipro’s deal pipeline remains healthy, with demand largely driven by cost optimization and vendor consolidation as enterprises redirect savings towards AI … Read more

Why this fund manager sold semiconductor ETFs just before the Friday carnage

Samir Arora, Founder and Fund Manager at Helios Capital, revealed on Monday (June 8) that he sold units of an exchange-traded fund that tracks semiconductor stocks on Friday, just before the market opened. What followed was a massive sell-off, particularly in Eternal, dragging the Nasdaq down 4% by the end of trade. “All offshore ETF … Read more

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