Their plan to build a product portfolio will discourage global software vendors such as Oracle, Microsoft and Fidelity, among others, from building a strategic relationship with these big Indian IT firms, reports Debasis Mohapatra.
Recalling some of his fiercest battles with Sachin Tendulkar, legendary Australian bowler Glenn McGrath has said it ended 50-50 between them but the Indian batting genius was really furious when he was declared out after a low bouncer hit his shoulder. McGrath said he spends a lot of time in India, has got a lot many friends there and always catches up with Tendulkar when he is in Mumbai, but many Indians still tell him they have not forgiven him for getting Sachin out in the 2003 World Cup final.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
IT sector's trading multiples hit post-Lehman lows, providing good entry points.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Creating history, leading exchange BSE on Wednesday peaked above Rs 100-trillion mark to scale a new record in terms of market wealth of all listed firms.
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
The market breadth, indicating the overall health of the market turned negative from positive
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
The combined assets of the top five - Tata Consultancy Services (TCS), Infosys Technologies, Wipro, HCL Technologies and Tech Mahindra were down one per cent to Rs 27,7400 crore at the end of 2017-18, from Rs 28,0100 crore a year before.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Interview with Anant Gupta, HCL Tech's president and chief executive officer.
The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Markets under pressure; IT financials grab spotlight.
Markets end almost flat, bluechips in focus.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
The 30-share Sensex ended down 32 points at 28,851 and the 50-share Nifty closed 12 points lower at 8,712.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
The S&P BSE Sensex ended 190 points up at 23,382.
There, however, has been an improvement in operating margins.
Large and small businesses alike have delivered low-key performances.
Good investors learn how to think beyond the obvious and to make deeper, less obvious judgments.
Smaller cities like Pune and Noida score better than 'Vibrant' Gujarat's Ahmedabad.
Monsoon is expected to be normal in June.
'Earnings revival could be two quarters away.'
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Employers are laying the welcome mat for Gen Y -- from hiring videos to claims for the coolest interview ever.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
In the Forbes rich list Mukesh Ambani is ranked 39th.
Sales expansion also down 4.4%
