could report a double-digit year-on-year (YoY) increase in revenues for the quarter ended June 30 on Friday. Despite expectations of a strong quarterly show, the stock has come under selling pressure off late. The scrip fell by a little over 10 per cent in the last three months, data showed. It closed 0.8 per cent … Read more
Indian market closed in the green for the second day in a row on Thursday, tracking positive global cues. The S&P BSE Sensex rallied more than 400 points while Nifty50 closed above 16,100 levels. Sectorally, buying was seen in metals, consumer durables, realty, capital goods and public sector banks. The S&P BSE Mid-cap index rose … Read more
The BSE Sensex lost about 3,000 points to close at 51,360, whereas the Nifty50 index plunged close to 990 points to settle below the 15,300 mark during the week. Both indices are a little shy of entering the bear zone. According to the market experts, the aggressive rate hikes by the US Federal Reserve and … Read more
Commonwealth Bank of Australia (CBA) has leased around 1,35,000 sq ft of flexible office space in Bangalore to expand its operation. The new space taken up at WeWork’s Manyata tech park facility in Bengaluru, will see the firm doubling its presence to over 5000 seats. “There are growing numbers of managed office deal that were … Read more
Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more
The combined market valuation of seven of the 10 most valued firms jumped by Rs 1,16,048.1 crore last week, with emerging as the biggest gainer. While , , , HDFC, and were the other winners from the top-10 list, , and Life Insurance Corporation () emerged as the laggards. The market valuation of Bank jumped … Read more
Mumbai: Indian IT services leaders are expected to report strong numbers in the seasonally weak third quarter ended December 31 due to high demand from clients. IT bellwether Tata Consultancy Service (TCS), analysts said, is expected to indicate traction from major deal wins in the quarter, while is expected to upgrade its guidance for the … Read more
New Delhi: Tata Consultancy Services (TCS), Deloitte, KPMG, PwC, NSDL e-Governance Infrastructure and Trigyn Technologies have expressed interest in rolling out India’s vaccination platform Co-Win in other countries, a top government official said. Last month, the government organized a global conclave where foreign countries had expressed interest in adapting Co-Win to vaccinate their citizens. About … Read more
MUMBAI: India’s largest information technology company Tata Consultancy Services reported muted performance for the June quarter due to disruptions caused by the second wave of Covid-19 pandemic in India. The company’s management highlighted the several challenges faced by its staff due to the medical crisis in the country in April and May, which saw daily … Read more
New Delhi: Nine of the 10 most valued companies together added Rs 2,41,177.27 crore in market valuation last week, in line with a strong broader market, with and topping the list. During the last trading week, the 30-share BSE benchmark Sensex jumped 1,807.93 points or 3.70 per cent. From the top-10 list, only Limited (HUL) … Read more