Tech Mahindra on Monday reported a 16.4 per cent slide in its consolidated net profit at Rs 1,132 crore for the June 2022 quarter. The Mahindra group company, which is the fifth biggest IT exporter in the country, had posted a net profit of Rs 1,353 crore in the year-ago period. For the reporting quarter, [...]
Benchmark indices fell on Monday with the BSE Sensex declining 306 points, mainly dragged down by Reliance Industries. Foreign funds outflow also added to the overall bearish trend in equities on Monday. The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. During the day, it declined 535.15 points or [...]
The shares of Tata Steel will start trading ex-split on Thursday, this week. The company has announced a stock split in the ratio of 1:10 and the record date has been fixed as July 29, 2022. The company's shares have dropped 26.01% in the past year and by 15.94% as per year-to-date data. “The Board [...]
The shares of Zomato Limited plunged more than 14% to reach ₹46 a piece, an all-time low. This happened as the one-year lock-in period for the pre-IPO investors had ended. This has led to a selling rush as per analysts. “As there is no promoter, all shareholders, including the founders, collectively owning 77.87 per cent [...]
Shares of ICICI Bank gained over 2 per cent in morning trade on Monday after the company reported a 55.04 per cent jump in its June quarter consolidated net profit. The stock rose 2.23 per cent to Rs 817.85 on the BSE. At the NSE, it went higher by 2.21 per cent to Rs 817.80 [...]
PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken. The company identified certain vulnerabilities on July 19 in a part of Policybazaar Insurance Brokers IT systems leading to illegal and unauthorized access [...]
India's second-largest IT services firm Infosys reported a lower-than-estimated 3.2 per cent rise in June quarter net profit as operating margin declined on rising expenses. Net profit is at Rs 5,360 crore, or Rs 12.78 a share, compared with Rs 5,195 crore, or Rs 12.24 per share, in the same period a year back, the [...]
The market rose for the sixth straight day to close at nearly a 3-month high. Indian benchmark indices ended Friday’s session on a higher note with the Nifty 50 surpassing the crucial 16700-mark. The BSE Sensex was up 390.28 points or 0.70% and closed at 56,072.23. While the NSE Nifty 50 was up 114.20 points [...]
Indian equity benchmarks opened in the green on Monday and extended the rally until Wednesday. However, they were flat on Thursday. By Friday’s closing bell, benchmark indices clocked three-month closing highs earlier in the day, continuing to rise for the sixth session in a row, led by financial, oil & gas, FMCG and auto shares. [...]
IT major Wipro posted a nearly 21% decline in consolidated PAT, while revenue climbed 18% year on year. Its attrition rate slipped marginally compared to the preceding quarter, however, the company hired 15,446 employees from April to June. Wipro announced a consolidated net profit of ₹ 2,563.6 crores as against ₹ 3,242.6 crores in the [...]
