Hcl Technologies Limited

IT preview: Lower revenues likely to offset rupee gain

A 20 percent devaluation in the rupee is not enough to inflict confidence into the sector which requires a more conducive business environment and faster decision making.

TCS, HCL suffer as Infy rejoices on forex gains

The BSE IT Index rose by a sharp 5.2 percent in the past week. However, the dismal performance of IT companies like TCS and HCL Tech wiped out most of those gains.