The FinTech Hub
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: Live Mint Infosys Ltd’s September quarter (Q2FY25) results fell short of market expectations, leading to a nearly 5% drop in its share price on Friday. This was despite the IT major reporting a sequential constant currency (CC) revenue growth of 3.1%, exceeding consensus estimates. Excluding the retail sector, all other verticals grew quarter-on-quarter. As…
Source: Business Standard Reliance (Photo: Shutterstock) 3 min read Last Updated : Oct 13 2024 | 12:26 PM IST The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak…
Source: Business Standard 4 min read Last Updated : Oct 11 2024 | 10:33 PM IST Shares of TCS fell 2.73 per cent to Rs 4,112.65 apiece on the BSE in Friday’s intraday deals after the information technology (IT) company reported modest earnings in the second quarter of the current financial year (Q2FY25). …
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Tata Stocks: Tata group companies are likely to be in focus following the passing of Chairman Emeritus, Ratan Naval Tata, during the night of Thursday, October 10. Adani Enterprises: The company has launched a qualified institutional placement (QIP)…
Source: Business Standard Share Market Today: HDFC Life Insurance plans to raise Rs 1,000 crore through non-convertible debentures to support business growth. Photo: Bloomberg 3 min read Last Updated : Oct 10 2024 | 7:13 AM IST Stocks to Watch, Thursday, October 10, 2024: GIFT Nifty futures, trading around 100 points ahead at 25,201,…
Source: Live Mint Tata Group stocks are all set to remain in focus on Thursday’s trading session following the demise of Ratan Tata, the chairman emeritus of Tata Sons and a legendary industrialist who played a key role in developing one of India’s largest and most influential conglomerates, on Wednesday night. In a media statement,…
Source: Business Standard Stock Market Today, October 09, 2024: All eyes are on the RBI policy meeting outcome, which is expected to influence market sentiment today. Amid this anticipation, benchmark indices—Nifty50 and Sensex—are likely to see a positive opening. RBI’s new monetary policy committee may be well-placed to set the stage for an…
Source: Business Standard 4 min read Last Updated : Oct 08 2024 | 1:01 PM IST Tata Consultancy Services (TCS), India’s largest IT software company, will kick-start the Q2 (September quarter) earnings season on October 10, Thursday. On the same day, another Tata Group IT firm – Tata Elxsi will also announce its July…
Source: Live Mint MUMBAI : The Nifty IT index rose around 14% in the September quarter, compared to the Nifty50’s 7% returns, reflecting hopes of demand recovery. The US Federal Reserve took a monetary policy pivot, cutting rates by a jumbo 50 basis points (bps) in September. One basis point is 0.01%. This major event…
