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Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
Huileng Tan
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
Infosys stock tumbles but analysts maintain ‘Buy’ rating on Infosys despite sharp cut in revenue guidance
Shares of Infosys fell by more than 8% on Friday in line with the 9% fall in ADRs on Thursday, afte…
Axis Bank posts net profit of ₹7,129 cr in March quarter
Total income rose to Rs 35,990 crore in the March quarter of 2023-24 fiscal, from Rs 28,758 cro…
PTI
Agro-chemical firm UPL Q1 2023-24 profit down 81% to Rs 166 cr
Revenue from operations also dipped 17 per cent to Rs 8,963 crore in April-June 2023-24 from Rs…
PTI
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…
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…
LTIMindtree Q1 net profit rises 4.1% to ₹1,152 crore, revenue up 14% YoY
Technology consulting and digital solutions company LTIMindtree posted a 4.1% year-on-year rise in …
L&T’s Q1 net profit jumps 46%; board approves ₹10,000 crore share buyback
Infrastructure major Larsen & Toubro’s (L&T) Q1 consolidated net profit went up by 46% to ₹2,493 cr…
Infosys slashes FY24 growth guidance by more than half as clients defer decisions, starting dates
Infosys has cut its revenue guidance for the financial year by more than half. The company said on …
Infosys reports a sequential decline in net profit, but increases revenue & margin guidance for FY23
India’s second largest IT services company Infosys reported a 5.7% sequential decline in its net pr…
Stock market closing: Sensex climbs over 600 points to close in green, LTIM, ONGC amongst top gainers
Amongst sectoral indices. IT inched up by 2.22%, while media was biggest loser, down by 3.57%. Real…
Stock market today: Sensex, Nifty open in red, media slips by 2% as IT manages marginal lead
In early morning trade, LTI Mindtree, Axis Bank, Infosys, Wipro, and Tech Mahindra gained significa…
Vedanta's Hindustan Zinc logs lower profit and revenue in Q3
Vedanta Group's Hindustan Zinc Ltd closed the third quarter of FY24 with a lower net profit of Rs 2…
Canara Bank Q1 profit surges 75% to ₹3,535 cr aided by fall in bad loans, interest income rise
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 5.15 …
PTI
Punjab National Bank Q1 net profit surges to ₹1,255 cr
In a regulatory filing, the public sector bank said it closed the Q1FY24 with a total income of ₹ 2…
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…
The street is not 'Blinking' on Zomato anymore
Zomato has delivered more than profits to the table in the first quarter. It’s a rare new-age compa…
Hitachi Energy India June quarter net profit jumps 80% on higher income
Hitachi Energy India Ltd on Tuesday posted a 79.85% jump in net profit at ₹2.41 crore in the April-…
PTI
Wipro's first quarter show points to multiple battles ahead
Bangalore-based tech major Wipro will bear the brunt of the adversity, as it signalled another weak…