The FinTech Hub
Source: Live Mint India’s IT services companies were beginning to see improving demand for tech services in the US, their biggest market. But if the trade war unleashed by US President Donald Trump pushes his country into a recession, IT clients could tighten their discretionary spending budgets again, according to experts. The jitters are already…
Source: Live Mint Top-tier IT services provider Wipro Ltd bagged a mega deal worth 500 million pounds from Phoenix Group—the UK’s largest long-term savings and retirement business. The 10-year strategic project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation. In the IT industry, mega…
Source: Live Mint Wipro Ltd’s investors are elated. The stock surged 6% on Monday following its better-than-anticipated result in a seasonally weak December quarter (Q3FY25). The enthusiasm among investors is understood, considering the earnings pain Wipro has been through due to increased weakness in its discretionary portfolio and company-specific challenges. This had kept the Wipro…
Source: Live Mint Mumbai: Fears over fewer rate cuts in the US and a greenback gathering steam sent shockwaves over the Street on Monday, making investors poorer by more than ₹12 trillion overnight. The carnage did not spare any corner of the market – While the Nifty and Sensex plunged 1.5% and 1.4% to close…
Source: Live Mint Tech Mahindra Ltd, which is undergoing a transformation, saw decent performance in the September quarter (Q2FY25). True, expectations were quite low. Still, a gradual revival in key verticals was welcome. Sequential constant-currency revenue grew 0.7% in Q2FY25 – beating the consensus estimate of 0.4% – led by the communication vertical, followed by…
Source: Business Standard Infosys(Photo: Shutterstock) 5 min read Last Updated : Oct 15 2024 | 12:27 PM IST Infosys, the second largest Indian information technology firm is scheduled to deliver its financial results for the second quarter (July-September) of fiscal year 2024-25 (Q2FY25) on Thursday, October 17. Analysts expect Infosys to log strong…
Source: Business Standard 4 min read Last Updated : Oct 11 2024 | 12:13 PM IST HCL Tech, the third largest Indian information technology firm is scheduled to deliver its financial results for the second quarter (July-September) of fiscal year 2024-25 (Q1FY25) on Monday, October 14. The Indian IT major is expected to…
Source: Live Mint Q2 results preview: The Q2 earnings monitor report from Macquarie Equity Research noted that, like in the first quarter, there is a higher number of companies reporting earnings below expectations in the second quarter, particularly in the Consumer Discretionary, Materials, and Financials sectors. According to the brokerage, overall, the general opinion is…
Source: Business Standard 3 min read Last Updated : Oct 11 2024 | 7:00 PM IST Benchmark indices fell on Friday as higher-than-expected US inflation muddled the outlook for rate cuts in the US. The Sensex ended the session at 81,381, with a decline of 230 points, or 0.3 per cent, while the Nifty50…
Source: Live Mint — Nathan Mayer Rothschild 17 January 1991. Time: 2.38 am. Eight US Army Apache helicopters flew over the Iraqi–Saudi Arabian border and bombed some Iraqi radar sites. Five minutes later, 24 US Air Force fighter jets attacked airfields in Western Iraq. At 3 am local time, 10 more stealth attack jets raced…
