IT services to report profit margin at 22% in FY25; Coforge, LTIMindtree up 4-5% | Stock Market News

IT services to report profit margin at 22% in FY25; Coforge, LTIMindtree up 4-5% | Stock Market News

Source: Live Mint Information technology (IT) services companies will likely report muted revenue growth at four to six per cent in the current fiscal year 2024-25 (FY25) for a second consecutive year. Despite the challenges, domestic credit rating agency ICRA projects the sector’s operating profit margin (OPM) to remain healthy at ~22 per cent in…

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US Treasury Yields soar: Fed caution, US Presidential Elections uncertainty among key reasons; Analysts expect reversal | Stock Market News

US Treasury Yields soar: Fed caution, US Presidential Elections uncertainty among key reasons; Analysts expect reversal | Stock Market News

Source: Live Mint US bond yields have been on an upward trajectory, with the benchmark 10-year Treasury yield reaching a three-month high on Wednesday. This sudden rise in bond yields, occurring ahead of the 2024 US Presidential Election, has exerted downward pressure on global equity markets. The 10-year Treasury yield has surpassed critical technical levels,…

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Western Carriers IPO: Firm garners  ₹148 crore from anchor investors ahead of public issue | Stock Market News

Western Carriers IPO: Firm garners ₹148 crore from anchor investors ahead of public issue | Stock Market News

Source: Live Mint Western Carriers, on Thursday, announced that the firm has raised ₹148 crore from anchor investors a day before its initial public offering (IPO) opens for bidding. According to the exchange filing, the company has allocated 85,96,743 shares at the upper price band of ₹172 to 15 anchor investors. “Western Carriers (India) Limited…

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