Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
TCS created wealth worth Rs 3,458 billion for the period 2010-15.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
Banking and telecom will see the highest impact of this transition.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
Bigger companies are signing equity JVs with global investors.
Some of the sops being offered to rope in new clients and retain the existing ones are cashbacks, reduced fee, and customised consultancy for clients.
Growth has been slowing year-on-year for the IT sector but investors have continued to bet on it.
Infosys had guided for a revenue growth in the range of 11.5-13.5%, which has now been lowered to 10-12%.
The revival in Mumbai's property market could help the group.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
Such a will, a cheaper and more convenient option, has to be signed by two witnesses.
The intra-city cable leasing deal will give RCom Rs 1,200 crore, which will be used to clear some of its debt.
One of the reasons for the failure, say industry experts and financial analysts, is that Emami strayed too far from its core with sanitary napkins.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
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While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Strong equity flows from domestic institutions, not foreign inflows, will be the real driver of the expected bull rally
Modi government has to come up with a robust economic agenda to impress the masses.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
