Eternal, Ola Electric, BLS International, Nestle, TAC InfoSec, and Tata Investment were among the top movers on Thursday, with big swings tied to earnings updates, new contracts, and product launches. The mix of results and announcements fueled volatility across D Street as investors repositioned quickly.
Indian IT services firms are moving from incremental AI experiments to bigger, client-facing commitments tied to productivity gains. The shift raises the stakes: if promised outcomes don’t materialize on time or cost, delivery could become volatile. Analysts warn the next few years may look choppy as contracts, performance expectations, and AI-driven timelines collide.
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Zomato has agreed to remove a contract term that penalised restaurants when they offered cheaper food to walk-in diners, a source said. Eateries argued the clause effectively interfered with their pricing decisions. The removed policy could have charged fines equal to three times the price difference per order, pushing Zomato to revise terms after pushback.
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