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Stock market opens flat with a marginal decline, rangebound movement expected

On Thursday, the stock market commenced its trading session on an even keel, with both the Sensex a…

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3 mins read

Nifty, Sensex open with gain: experts note reduction of geopolitical risks on markets

On Monday, the stock markets started the week cautiously, with both indices showing small gains. Th…

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2 mins read

HCL Tech Q1 results: Company reports better than expected results, revenue jumps 6.7% YoY

In FY25, the company expects its revenue growth to be in the range of 3-5% on a year-over-year basi…

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Stock market closing: TCS, HCL Tech, Infosys amidst leading gainers during the day

Out of the 2,798 stocks traded during the day, 1,073 saw advances, while 1,644 declined. Another 81…

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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, …

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Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%

At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…

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New record: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark

Benchmark equity indices, the Nifty and the Sensex, hit record peaks in early trade on Monday, with…

PTI   


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HCL Tech cuts FY24 revenue growth guidance to 5-6%

IT company HCL Technologies on Thursday posted a 9.9 per cent increase in consolidated net profit t…

PTI   


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5 mins read

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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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…

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HCL Q1 net profit rises 7% YoY on back of new order wins

On a quarter-on-quarter basis, the net profit fell 11 per cent, when compared to Rs 3,983 crore ear…

PTI   


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HCLTech to acquire German e-mobility tech provider for about ₹2,300 cr

HCL Technologies has signed a definitive agreement to acquire 100 per cent stake in ASAP Group, a G…

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Sensex, Nifty slide in Friday morning trade; IT earnings see mixed response

​​Domestic equities started on a negative note on Friday, with benchmark Sensex tumbling 341 points…

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6 mins read

Earnings preview: Q2 to be another washout quarter for IT sector, market to focus on execution

Little has changed for the Indian IT sector in the last three months. The second quarter earnings a…

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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 …

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6 mins read

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…

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HCL Tech lowers revenue guidance for FY23 to 13.5-14%, Q3 revenue and profit growth beat expectations

Indian IT services company HCL Tech lowered its revenue growth guidance for FY23 to 13.5-14% in con…

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2 mins read

HCL Tech took just 9 months to cross its annual revenue target of $10 billion

India’s third largest IT services company by market capitalization, HCL Tech has posted a strong qu…

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Sensex, Nifty close marginally down in volatile trade

The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stoc…

PTI   


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3 mins read

Worsening client profitability to impact IT demand says Jefferies

The decline in revenue in the IT sector during the fourth quarter was primarily attributed to a dec…