The revenue share of 83 Tier-II and -III companies increased steadily over the past seven quarters to hit a record 17.7% of the aggregate rupee-denominated revenue for a sample of 88 IT companies in the December quarter while their net profit share was also at a record 14.5%.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and