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After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1

IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…

PTI   


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Tesla Q1 sales miss Wall Street expectations and clock the first year-over-year quarterly decline since 2020

Elon Musk's Tesla delivered fewer cars to customers in the first quarter than Wall Street expected …

Graham Rapier,Nora Naughton   


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Sensex, Nifty hit record highs as HDFC, TCS rise

Equity benchmark indices Sensex and Nifty rebounded sharply to hit record fresh highs on Thursday, …

PTI   


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TCS, Infosys, HCL Tech amongst top picks of analysts heading into the Q4 earnings season

India’s bellwether IT companies TCS and Infosys are all set to kick off the Q4 earnings season next…

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Sensex breaches 66,000 mark as Dalal Street hits fresh highs

Continuing with their bull run, Indian stock indices touched fresh highs Thursday morning and in th…

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Overall demand scenario not changed significantly but Europe is a problem says TCS CEO

“Europe is a problem and the US whether it's a problem or not, time will tell. The overall demand s…

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BSNL to launch 4G services across India in August; to use indigenous technology

State-owned BSNL will start rolling out 4G services across the country from August, using completel…

PTI   


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IT sector preview: Q3 to see slow deal conversions, soft demand and furloughs

The tide might have turned for IT stocks as investors found them in favour again. However, the thir…

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Govt may infuse capital in PSU general insurers in Q4 based on performance

Finance Ministry would consider capital infusion in three loss-making public sector general insuran…

PTI   


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1 min read

TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago

TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago

Bhakti Makwana   


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TCS CEO expects more employees to leave the firm in the coming months, but he is not worried about it — Here is why

The rate of employees leaving information technology (IT) firms continues to remain high as opportu…

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Moonlighting is an ethical issue says TCS HR head

TCS reported a surge in attrition rates in the September quarter – at 21.5%, it is the highest in t…

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TCS Q2 net profit crosses ₹10,000 cr for the first time, reports 10% sequential growth

IT major TCS on Monday kickstarted the Q2 earnings season, crossing the ₹10,000 crore quarterly net…

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Sensex, Nifty50 shed over 1% in morning trade as IT stocks plummet post Infosys and TCS’ Q4 results

India’s equity markets fell by over 1% in morning trade on Monday after a meltdown in the IT stocks…

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More Indians are travelling than ever before, as 97 mn passengers took flight in Q1 2024: Report

"In 2024, fuelled by a growing middle class and expanded route capacity, more Indians are travel…

PTI   


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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…

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Street unaffected by Infy’s guidance cut; lack of bad news charges up tech stocks

Five top tech stocks – Infosys, TCS, Wipro, LTI Mindtree and TechMahindra were the lead gainers on …

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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…

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Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback

Indian IT major Wipro on Thursday posted a 0.6% sequential decline in constant currency revenues fo…

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HCL Tech projects its revenue to grow between 6-8% in FY24

Indicating that the Indian IT sector might be entering the slow lane, HCL Tech said on Thursday tha…