Avenue Supermarts Q3 Preview: Brokers estimate that even though the festival season fell into Q3FY24 rather than Q2, discretionary consumption remained poor from October to December. Avenue Supermarts is expected to see reduced revenue growth in the third quarter of its fiscal year due to a decline in input prices and weak festive demand. Based…
Wipro projects that the IT Services business sector will generate between $2,615 million and $2,669 million in sales. In constant currency terms, this amounts to sequential guidance of minus 1.5% to 0.5%. Wipro Ltd. posted a consolidated net profit of Rs 2,700 crore on Friday, down 11.90 percent year over year (YoY) from Rs 3,065…
HCLTech: The entire income of the Noida-based IT firm increased to Rs 28,816 crore in the third quarter of FY24. HCL Technologies Ltd reported a 6.23 percent increase in third-quarter net profit to Rs 4,351 crore, up from Rs 4,096 crore in the previous year. The overall income of the Noida-based IT firm increased to…
Mukesh Ambani: India and Asia’s wealthiest individual witnessed a $2.8 billion increase in wealth on Thursday, reaching $101.8 billion. This surge is attributed to a 2.6% rise in the shares of his flagship company, Reliance Industries Ltd., closing at a record high. Notably, this marks his return to the $100-billion club for the first time…
IRCTC stocks increased 1.89% on Friday, reaching a high of Rs 958 from the previous closing on the BSE of Rs 940.20. At Rs 948.95, the railway shares opened higher. In early trading today, shares of Indian Railway Catering and Tourism Corporation (IRCTC) reached a new high. The last two months have seen a surge…
Nifty & Sensex: In addition to stock-specific movements, the market is likely to trade inside the present range, according to Siddhartha Khemka of Motilal Oswal Financial Services. The benchmark indices climbed on January 12 morning to inch closer to all-time highs, aided by buying in information technology equities following encouraging reports from bigwigs TCS and…
In a move that surpasses Vertex’s previous offer of $626 million, Thomson Reuters is making a cash offer for Pagero Group, the Swedish e-invoicing firm. On Thursday, Thomson Reuters said that on Friday, it will start a public tender offer to buy all of Pagero’s shares. By paying 40 Swedish krona per share, it plans…
HDFC AMC: Consolidated revenue for the asset management company increased by 20% YoY to Rs 671.3 crore in Q3 FY24 from Rs 559.6 crore in the same time the previous year. For the quarter that concluded in December 2023, HDFC Asset Management Company announced a consolidated net profit of Rs 488 crore on January 11….
Sensex Share Market Updates: Thursday saw an upward surge in Indian benchmark indices Sensex and Nifty, aligning with the rising trend in Asian markets. IT stocks took the spotlight in anticipation of earnings reports from TCS and Infosys. Investors are eagerly awaiting the Q3 results from major IT firms, signaling the commencement of the earnings…
Suzuki Motors: Prime Minister Narendra Modi launched the 10th edition of Vibrant Gujarat on Wednesday, and on the first day of the event, Suzuki Motor Corp., a Japanese company, announced investments totaling ₹67,000 crore in Gujarat. According to Toshihiro Suzuki, president of Suzuki Motor, the company will invest roughly ₹32,000 crore to develop its electric…
