Wipro’s earnings miss and muted guidance had a ripple effect across the IT sector, dragging down peer stocks. Infosys shares slipped 1.6% ahead of its earnings announcement later in the day. LTIMindtree, HCL Technologies, and Mphasis declined between 3% and 3.4%, while Tech Mahindra, Coforge, and Persistent Systems fell between 2% and 2.4%
Rare earth magnet bottleneck threatens Bajaj Auto’s EV output; Q4 profit rises 6% amid strong domestic demand
Bajaj Auto is facing potential electric scooter production disruptions starting in July due to China’s restrictions on rare earth magnet exports, a critical component for