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3 mins read
Stock market closing 12 July: Sensex closes past 80k, IT and media sectors make most gains
Out of the 2,765 stocks traded during the day, 1,108 saw advances while another 1,577 saw declines.…
2 mins read
Stock market 12 July: Sensex inches up over 80k, LTI Mindtree, Tata Steel, BPCL take early lead
LTI Mindtree took a significant lead of over 2% in early morning trade. Tech Mahindra, Tata Steel, …
1 min read
LTIMindtree Q2 net profit declines as profit margin contracts
The country's sixth biggest IT services company by revenues, LTIMindtree, reported a decline in Sep…
PTI
4 mins read
Tech stocks tumble after Accenture guidance signals weak demand ahead
India’s tech stocks pack slipped down a slippery slope on Friday morning trade after tech major Acc…
5 mins read
Brokerages not rattled by big 3 IT players' tepid Q2 performance
The Indian IT sector has kicked off the Q2 earnings season on a somber note. The Big 3 tech compani…
5 mins read
IT sector Q1 earnings preview: All eyes on deal wins, revenue guidance cuts
Analysts expect top tier IT companies in India to report flat to slight decline in revenue growth f…
3 mins read
Mindtree’s Q2 net profit rises 7.9% sequentially to ₹509 crore
Bengaluru-based Mindtree’s net profit in the September quarter rose 7.9% sequentially to ₹509 crore…
5 mins read
December quarter likely to be a weak one for the IT sector – Infosys amongst top analyst picks
As India’s largest IT company, Tata Consultancy Services (TCS) gets ready to kick off the earnings …
1 min read
Mindtree's share jumped by over 2% after quarterly profits hit $27.7 million
On the NSE, it climbed 2.37 per cent to close at Rs 884.90.
In terms of the traded volume,…
PTI
3 mins read
After HDFC twin merger, L&T might merge Mindtree and LTI to create a $22 billion IT company, says a new report
After the merger of HDFC Bank and HDFC, the street might witness another merger of two major compan…
2 mins read
India sealed M&A deals worth $104.3 bn this year, raised $6 bn from IPOs
India Inc signed 1,149 deals valued at $104.3 billion in the first half of this year, amid global u…
3 mins read
Infosys to lead IT sector’s Q2 show with 4% revenue growth, says Jefferies
The report also said the Bangalore-based IT firm was expected to announce a buyback along with t…
2 mins read
The exodus of Mindtree executives has dented earnings and now shareholders are running for the hills — over to AM Naik
As the L&T veteran and a marquee business leader in India, AM Naik, takes over as the non-ex…
3 mins read
US-based peer Accenture’s uptick in FY22 outlook gives hopes to IT firms in India; Infosys, Wipro, TCS gain
While the market momentum is weak on Friday, information technology (IT) company stocks are the out…
1 min read
SBI, Mindtree, Ambuja Cement — Indian investment bank reveals their top stock picks
Amid the ongoing market volatility, the brokerage house ICICI Securities has recommended State Bank…
3 mins read
All decks cleared for L&T’s share buyback as co turns debt free
L&T said in its annual report that it has become debt free after considering cash and cash equivale…
4 mins read
TCS tumbles and drags down to Wipro, Infosys, Tech Mahindra and LTTS with poor earnings
TCS shares were the biggest losers on Nifty 50, as its stock went down by around 4.47% in early …
5 mins read
Infosys to lead the pack this earnings season while margin pressure will continue for two quarters
Margins are likely to be impacted on account of wage hikes, high retention costs, increased travel …
3 mins read
The tech stocks binge is hotting up again with the second wave of COVID-19
IT stocks like TCS, Mindtree, HCL Tech, CoForge and others have rallied by over 3% this week as sha…
3 mins read
It is attrition rates and not the wage hikes dampening Indian IT cos earnings
The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…