Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to "hold"; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to "underperform", citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.
The stock of Bharti Airtel, India's largest listed telecommunications (telecom) services provider, recently hit an all-time high on expectations of higher average revenue per user (Arpu), a stable market setup, and fresh revenue lines.
Padikkal's fourth VHT ton this season powers Karnataka to big win vs Tripura
Shah Rukh Khan won his first National Film Award for best actor for Jawan, sharing the honour with Vikrant Massey for 12th Fail. Rani Mukerji was named best actress for Mrs. Chatterjee vs Norway. 12th Fail was adjudged best feature film.
At a time when the market is betting on a 'higher for longer' global interest rate view, Accenture's (ACN) weak revenue forecast is a negative read-through for the Indian IT firms, according to analysts. The Dublin-based company sees its revenue growth at 2-5 per cent in constant currency (cc) for the financial year 2024 (FY24), below the pre-Covid levels of 5-8 per cent for FY17-20. The weak projection, thus, signals that slower demand is likely to persist this year, and any recovery is unlikely in the near-to-medium term, experts note.
IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.
Strong Q3 brings Infosys comfort amid macro risks.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
The new offer is part of its strategy to turn India to an exclusively 4G market.
The event that was inaugurated by five-time world champion Viswanathan Anand will have 11 rounds before the best player in the under-20 category can be determined in both sections.
Mumbai's run machine Sarfaraz Khan was ruled out of the match because of injury.
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
A summary of action from the Ranji Trophy matches played on Tuesday.
MP was a good team but it was Pandit, who brought about changes that were required to transform it into a champion team
In an act of gamesmanship, pacers, right-arm quick Harshit Rana (1/27 in 3 overs) and left-arm seamer Kuldip Yadav (2/27 in 3 overs) also wasted time, either faking cramps or tying shoelaces or not delivering the ball even after completing the action.
Young Karan Sharma led from the front with a calm and composed 93 not out as Uttar Pradesh knocked out favourites Karnataka with a five-wicket win in their Ranji Trophy quarter-finals.
This was Shorey's highest first-class score in 45 matches, with his previous best being 145. The double-century will do more good to his already healthy batting average of 48.49.
A round-up of Ranji matches played on Sunday
A round up of the fourth and final day's action of the Ranji Trophy matches on Sunday.
The sixth Jaipur International Film Festival will see 156 films from 90 countries screened at the festival.
Vidarbha piled up a mammoth 511 in their first essay and then reduced Mumbai to 169 for six on the second day of their Elite Group A Ranji Trophy Game in Nagpur on Monday.
A round-up of all the Ranji Trophy matches played on Friday.
Every day at 9 am, five 20-somethings who live in a 4-bedroom apartment in Bengaluru have a session with their physical trainer. After a workout, they spend the next 8 to 10 hours in their spacious living room, headphones in place and computer screens in front of them. Their salaried job: To play video games for the rest of the day.
BCCI's North Zone curator Sunil Chauhan overwatered the Feroz Shah Kotla pitch and then, breaching protocol, left the venue before the start of Delhi-Madhya Pradesh Ranji Trophy match on Saturday, his indiscretion leading to a delay of two and half hours.
A round-up of Ranji matches played on Sunday
A round-up of Ranji matches played on Tuesday
Medium pacers Dhawal Kulkarni and Tushar Deshpande wrecked havoc by grabbing four wickets apiece as Mumbai put themselves in the drivers seat by dismissing Tamil Nadu for a paltry 87 on the opening day in their Ranji Trophy Group A match, in Lahli, on Thursday.
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