"These are unforeseen events and we do not see any further impact from other clients. We are in talks with both the seller and the purchaser, as the seller has mentioned our name in the list of critical services suppliers. The situation will be clear in a week," said P D Mundhra, executive director, eClerx Services.
This cure amount was offered under a petition filed by its client under Chapter 11 of the US Bankruptcy Act, in a New York Court. P D Mundhra, executive director, eClerx Services said, "We share a long standing relationship with the client and have agreed to this cure amount in order to bring the issue to resolution.
Global firm Accenture's fourth quarter results prove that the worst is behind for the Indian information technology (IT) sector, said analysts on Friday (September 27). While the pace and the broadness of recovery is debatable, they said Accenture's results and revenue growth guidance for the next financial year (FY25) reduce downside risks for Indian IT companies.
Mindtree, eclerx and Hexaware are trading at similar valuations to that of the larger peers.
eClerx Services is recruiting Web Content Developers, Team Leaders and Managers.
While Mcleod Russel, ADF Foods, Indiabulls Real Estate, DCM Shriram and BSE have announced buyback through open market route, the remaining 23 companies plan to buy back their shares via tender offers
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
It is the fundamentals of companies that will drive stock performance.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Lavitha Shinoj juggled a job and family to participate in her first-ever beauty contest. 'It was a new, life-changing experience,' she says.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
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