9:02 AM

Watch: Which 3 things should you watch out for in banks’ Q3 results?


HDFC Bank is set to start with the banking pack’s Q3 earnings. Analysts forecast a muted growth in profits amid marginal increase in NII. Here’s a report on the sector’s December quarter earnings.

8:57 AM

TCS to diversify to other markets amid US weakness: CEO Krithivasan

India’s No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said. Read

8:53 AM

Gold, silver prices unchanged; yellow metal trading at Rs 63,270/10gm

The price of 24-carat gold remained unchanged in early trade on Monday, with ten grams of the precious metal selling at Rs 63,270, according to the GoodReturns website. The price of silver was also unchanged, with one kilogram of the precious metal selling at Rs 76,500. Read

Gold, Gold bars, gold price

8:49 AM

Global investors attracted to India amid political stability: Prashant Ruia

India has emerged as a preferred investment destination for global investors with political stability playing a pivotal role, particularly under the leadership of Prime Minister Narendra Modi. His governance, exemplified by the success of Gujarat, has instilled confidence in investors. READ MORE

8:42 AM

Interview | BFSI will bottom out by next qtr; FY25 should be better: TCS MD & CEO

When we say BFSI, it has many different segments within it, such as banks, mortgages, and capital markets insurance. Hence there has been an impact from multiple dimensions on the sector. We believe that as the supply chain improves, the interest rate regime changes, market predictability improves, and market sentiment improves, you will see improvement. READ MORE

8:36 AM

Street signs: Wipro’s place in Sensex at risk, paradigm shift for brokers

Over 35 per cent of stock brokers in India use algorithmic trading (algo trading) to provide smoother services to their clients, a survey by the broker body Association of National Exchanges Members of India (ANMI) reveals. READ MORE

8:19 AM

Stocks to Watch on Jan 15: Wipro, HCL Tech, Jio Fin, BHEL, Tata Consumer


Wipro: IT major Wipro has forecast a muted sequential revenue growth of -1.5 per cent to 0.5 per cent in constant currency for the fourth quarter ended March 2024 as deal ramp ups and client decision making are yet to gain pace. 

 


It posted a net profit of Rs 2,700 crore for the third quarter ended December 2023, down 12 per cent from a year ago but up 1.2 per cent quarter-on-quarter. The American Depository Receipts (ADRs) of Wipro jumped 17 per cent on the New York Stock Exchange (NYSE) on January 12 as the company’s third quarter results were in line with expectations. 

 


HCL Technologies: The company’s revenue for the quarter grew 6.5 per cent year-on-year to Rs 28,446 crore, and 6.7 per cent on a quarter-on-quarter basis.

This is one of the highest revenue growths since Q3FY21. It reported a net profit of Rs 4,350 crore, up 6.2 per cent year-on-year, and 13.5 per cent sequentially. Read
stocks

7:38 AM

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Catch all live market updates here with Business Standard



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