Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
'I am very optimistic about Tech Mahindra'.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Puri has been at the helm of the bank since its inception in 1994.
'India is likely to do better than other emerging markets.'
Analysts, however, said the timing of the infusion was good.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
This comes at a time when competition has increased significantly.
New SDR norms allow promoters to manage debt-laden firms.
Mark Mobius, executive chairman, Templeton Emerging Markets Group, is positive on India and believes the Indian economy is on a strong footing
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Raghuram Rajan's 'surgery' uncovers more bad loans
Rising bad loans continued to haunt public sector banks (PSBs) in the March 2016 quarter.
Baba businesses are sprucing up their act as they expand product portfolios and enhance brand image
Raamdeo Agrawal, joint managing director at Motilal Oswal Financial Services, tells Sheetal Agarwal key trends in this earnings season and investment themes in Indian markets.
Criterion for corporates will effectively rule out entry for business houses.
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