Global brokerage firm Jefferies expects Indian IT companies to benefit from the recent 1-3% depreciation of the Indian Rupee against the US Dollar, Euro, and British Pound. A weaker rupee boosts revenue potential for IT firms with greater exposure to these currencies and a strong offshore workforce. Company Value Change %Change Among large-cap IT stocks, […]
Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates a start in the red for Sensex, Nifty 50
Sensex Today | Stock Market LIVE Updates: The markets delivered negative returns for the third consecutive week on Friday, a trend last seen three months ago. The midcap index gave up Thursday’s gains today, dropping 836 points to 53,263, and the Nifty Bank index ended 221 points lower at 48,368. Sensex Today | Stock Market […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open higher; Laurus Labs, Shriram Finance Q3 results today
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,205.35, while Sensex ended at 76,520.38. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,072 points away from its record high of 26,277.35. Overnight, Wall […]
Stocks to Watch on January 24: Indus Towers, HPCL, Dr Reddy’s, Mphasis and more – CNBC TV18
1 / 19 Indus Towers | The company’s third-quarter consolidated net profit (PAT) surged to ₹4,003.2 crore, marking a substantial nearly 160% increase from ₹1,540.5 crore in the same period last year. This performance was bolstered by significant overdue collections from a major customer, leading to a ₹3,024 crore write-back of doubtful receivables. The company’s […]
Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex set to open in red; HUL, BPCL in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,155.35, while Sensex ended at 76,404.99. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,122 points away from its record high of 26,277.35. Overnight, Wall […]
Bajaj Holdings picks up shares in TCS, hikes stake in Mphasis and Bharti Airtel – CNBC TV18
Bajaj Holdings & Investment Ltd (BHIL) picked up ₹29 crore worth of shares in three companies on Thursday, November 28. The Bajaj Group’s holding company acquired shares in Tata Consultancy Services (TCS), while it also increased stakes in Mphasis and Bharti Airtel. BHIL acquired TCS shares worth ₹8.52 crore, representing 0.0006% of the company’s equity, […]
India’s listed companies generate nearly $40 billion from the US in FY24 – CNBC TV18
With Donald Trump returning to the White House, his protectionist policies are expected to have far-reaching implications, not only with in the US but across the globe. While his policies on immigration may increase employee costs of IT firms, impose of higher tariffs could impact the pharma sector where Indian firms export their generic drugs. […]
Mphasis shares rise 4% after management sees growth in deal to revenue conversion – CNBC TV18
Shares of Mphasis Ltd. were trading with gains of over 4% on Thursday, October 17, after the company reported better-than-expected revenues and margins for the September quarter. Global brokerage firm Morgan Stanley maintained an ‘Equal weight’ rating on Mphasis, with a price target of ₹3,200 per share. For Q2, the company delivered better-than-expected revenues and […]
Sensex Today | Stock Market LIVE Updates: Nifty set for 3rd weekly gain above 26,000; Infosys, TCS in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher after hitting fresh highs. Nifty ended at 26,216.05, while Sensex ended at 85,836.12. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 34.85 points away from its fresh record high […]
Mphasis appoints Aravind Viswanathan as chief financial officer, Manish Dugar steps down – CNBC TV18
Mphasis on Friday, August 16, announced the appointment of Aravind Viswanathan as its new Chief Financial Officer, effective immediately. This change follows the resignation of Manish Dugar, who will step down from his role as CFO on August 16. Dugar will remain with the company to ensure a smooth transition through the end of the […]